Insurance Mergers & Moves: Thursday, November 10, 2011

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November 10, 2011 Business Moves & Mergers of Special Note LexisNexis Selling P/C Insurance Software Business Nov 9, 2011 -- LexisNexis Risk Solutions said it is selling its property/casualty insurance software business to a San Francisco-based private equity ... Wisconsin's Partners Mutual to Affiliate with Penn National Insurance Nov 8, 2011 -- Partners Mutual Insurance Co. (Partners Mutual), headquartered in Waukesha, Wis., and Pennsylvania National Mutual Casualty Insurance Co., ... Brown & Brown of Northern California Acquires Sitzmann Assets Nov 8, 2011 -- Brown & Brown of Northern California Inc., a subsidiary of Brown & Brown, Inc. has acquired substantially all of the assets of ... Marsh & McLennan Agency Acquires Gallagher & Associates Nov 3, 2011 -- Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Minnesota-based Gallagher & Associates ... Arthur J. Gallagher & Co. Acquires Trissel Graham & Toole Nov 2, 2011 -- Arthur J. Gallagher & Co. has acquired Trissel Graham & Toole Inc., headquartered in Davenport, Iowa. With roots dating back to ... Business Moves & Mergers Validus' Increased Offer for Transatlantic Presented Directly to Shareholders Nov 9, 2011 -- The ongoing battle between Validus Holdings and Transatlantic is heating up again, as Validus announced a series of moves aimed at ... ISU Adds ISU Cunnington & Associates Nov 8, 2011 -- ISU International has added ISU Cunnington & Associates to the ISU Network. Founded in 2005 and owned by Greg Cunnington, ISU ... Mass.-based Farrell Backlund Agency Acquires Richardson-Cuddy Nov 8, 2011 -- Taunton, Mass.-based Farrell Backlund Insurance Agency has purchased Richardson-Cuddy Insurance Agency in the nearby city of Attleboro, ... Homeowners Choice Assumes HomeWise Policies in Florida Nov 8, 2011 -- Homeowners Choice Property and Casualty Insurance Co. said it has acquired HomeWise Insurance Co.'s book of business in ... Ohio's Dumbaugh Insurance Agency Joins Keystone Insurers Group Nov 8, 2011 -- Mount Vernon, Ohio-based Dumbaugh Insurance Agency is now a partner in Keystone Insurers Group (KIG). Dumbaugh Insurance is Keystone's ... Penn.-based Keystone Insurers Group Adds New Partner in Ohio Nov 8, 2011 -- Keystone Insurers Group, a franchisor of insurance agencies headquartered in Northumberland, Penn., has added a new franchise ... California MGA Yates Opens Northern California Office Nov 8, 2011 -- Tustin, Calif.-based managing general agent Yates has opened a northern California office in Walnut Creek . Jon Uyeyama has joined the ... Private Equity Firm Acquires DAVID Corp. of California Nov 7, 2011 -- Private equity firm Phoenix Asset Management has acquired DAVID Corp., a provider of risk management and insurance software and services. ... Medicus Gets "A" Rating from A.M. Best Following Acquisition by NORCAL Nov 3, 2011 -- Insurance rating service A.M. Best has given Medicus Insurance Co. an A (Excellent) rating following the company's acquisition by San ... BB&T Continues California Expansion with Precept Acquisition Nov 3, 2011 -- BB&T Insurance Services has acquired Precept Group, an employee benefits consulting and administrative solutions firm, as part of ... Liberty International Opens New Office in Hamburg Nov 1, 2011 -- The London-based Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has opened a new office in ... BrokersLink Adds 8 New Members Oct 31, 2011 -- BrokersLink, a major independent international insurance broker network, announced that new brokers had joined the organization in Israel, ... Hedge Fund Guru Cohen to Set up Reinsurance Business Oct 28, 2011 -- Steven A. Cohen, who built one of the world's biggest and most successful hedge funds, is branching out and plans to set up his own ... Best Sees No Rating Changes from of Flagstone Reassurance Restructuring Oct 25, 2011 -- A.M. Best Co. has commented that the financial strength rating of 'A-' (Excellent) and the issuer credit ratings (ICR) of "a-" of Flagstone ... Perr&Knight Relocates California Headquarters to Santa Monica Oct 24, 2011 -- Insurance industry consultant Perr&Knight has relocated its headquarters from Pacific Palisades, Calif. to Santa Monica, in the heart ... Markel's Investment Unit Buys Manufacturing Firm Oct 24, 2011 -- Markel Corp.'s subsidiary Markel Ventures purchased a majority interest in WI Holdings, a Pennsylvania-based manufacturing firm. The ... Florida Approves Insurer Targeting Foreign Nationals Oct 18, 2011 -- Florida regulators have given the go-ahead for an insurer that wants to provide foreign nationals with access to the U.S. health insurance ... 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