Friday, March 22, 2013

Insurance Mergers & Moves: Friday, March 22, 2013

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Insurance Mergers & Moves
March 22, 2013
Business Moves & Mergers of Special Note

MetLife Moving 2,600 Jobs to North Carolina from Northeast, California

Mar 11, 2013 -- Insurance giant MetLife Inc. said last week that it will move 2,600 jobs from offices in four Northeast states and California to lower-cost ...

Navigators Group to Move HQ From New York to Connecticut

Mar 18, 2013 -- The Navigators Group, a specialty insurance holding company, confirmed on March 15 that it plans to move its corporate headquarters from ...

Tower Closes Merger with Canopius; Changes in Share Listing

Mar 14, 2013 -- Tower Group, Inc. announced the closing of its merger with Canopius Holdings Bermuda Limited as of the close of trading on The NASDAQ ...
Business Moves & Mergers

RSA in Agreement with NFU Mutual to Control Claims, Cut Costs

Mar 21, 2013 -- RSA announced that it has concluded a bilateral agreement with major UK rural insurer NFU Mutual to help control accident claims and remove ...

Geico Expands in Indiana, Plans 1,200 Jobs in Carmel

Mar 21, 2013 -- Geico is announcing plans to bring 1,200 jobs to Indiana and pump millions of dollars into developing a campus just north of Indianapolis. ...

SIAA Adds 5 Agencies in South Central Region

Mar 20, 2013 -- The Strategic Insurance Agency Alliance (SIAA) announced it signed five new member agencies in the South Central region in February. The ...

Insurance Firm QBE Laying off 113 in Lincoln, Nebraska

Mar 20, 2013 -- An insurance company is closing a call center in Lincoln, Neb., and laying off more than 100 people. The Lincoln Journal Star reports QBE ...

J.M. Wilson Announces Office Moves in Illinois, Wisconsin

Mar 19, 2013 -- Managing general agency, J.M. Wilson Corp., announced that its Illinois and Wisconsin branches have moved to new locations. With support ...

SIAA Grows 3 Agencies in West in February

Mar 19, 2013 -- The Strategic Insurance Agency Alliance signed three new member agencies in February. February's new Western region members include: ...

CoVerica Acquires Dallas-Based Pacific Agency

Mar 18, 2013 -- Texas-based CoVerica Inc. announced it has acquired the Pacific Agency Inc., a commercial property/casualty agency that was founded in ...

GJ Sullivan Co. Acquires Network E&S Insurance Brokers' California Book

Mar 15, 2013 -- G.J. Sullivan Company Excess & Surplus Lines Brokers has acquired Network E&S Insurance Brokers' book of California business. ...

Southport Lane Acquires Dallas National Insurance Co.

Mar 13, 2013 -- Southport Lane, a New York-based private equity firm, completed its previously announced acquisition of Dallas National Insurance Co., a ...

American Westbrook Insurance Services Adds Social Services Practice

Mar 12, 2013 -- American Westbrook Insurance Services LLC, a full-service insurance broker headquartered in Westchester, Ill., announced it has added a ...

Agency M&A Advisory Firm Sees 'Lack of Quality Acquisition Opportunities'

Mar 12, 2013 -- A mergers and acquisitions advisory firm focusing on the insurance agency sector says it is hearing more this year about "a lack of quality ...

Carlyle, KKR Among Bidders for Insurer in 'Hot' Thai Market

Mar 12, 2013 -- Carlyle Group LP and KKR & Co. LP are among the bidders to have made first round offers to buy a minority stake in Thai Life Insurance ...

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