Insurance Mergers & Moves: Friday, January 6, 2012

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January 6, 2012 Business Moves & Mergers of Special Note MedPro Completes Acquisition of New Jersey-based Princeton Insurance Jan 5, 2012 -- Medical Protective Co. (MedPro), a medical professional liability insurance unit of Berkshire Hathaway, announced this week the completion ... Marsh Completes Acquisition of Alexander Forbes' Brokerage Business Jan 5, 2012 -- Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies announced that it has completed its previously agreed acquisition of the ... Arthur J. Gallagher Acquires Capital Bauer Insurance in Albany, N.Y. Jan 4, 2012 -- Itasca, Ill.-headquartered insurance brokerage giant Arthur J. Gallagher & Co. acquired Capital Bauer Insurance Agency in Albany, N.Y. The ... Arrowhead in San Diego to be Acquired by Brown & Brown Dec 16, 2011 -- The parent company of managing general agent San Diego, Calif.-based Arrowhead General Insurance Agency Inc. has entered into an agreement ... Markel to Acquire Program Administrator Thomco Dec 7, 2011 -- Richmond, Virginia-based specialty insurer Markel Corp. is acquiring Thompson Insurance Enterprises, a national program administrator that ... Business Moves & Mergers Report: Liberty Mutual Failed in Bid to Buy Harleysville Jan 6, 2012 -- It turns out there was another player in last year's merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance ... TDECU Insurance Agency Acquires Associated Insurance Advisors Jan 6, 2012 -- TDECU Insurance Agency LLC announced the acquisition of Associated Insurance Agency Inc. (AIA) based in Houston, Texas. The purchase was ... Ohio's Consolidated Insurance Now Brower Insurance Agency Jan 6, 2012 -- Finalizing its merger three years ago with the Brower Insurance Agency LLC, Consolidated Insurance of Springfield, Ohio, now operates under ... XL Gets Brazil Go-Ahead for New Insurer Jan 6, 2012 -- The XL Group plc and its subsidiaries announced that the Group has received final approval from the Brazilian insurance and reinsurance ... California Based Builders & Tradesmen's Insurance Purchased by AmTrust Jan 5, 2012 -- Rocklin, Calif.-based Builders & Tradesmen's Insurance Services Inc. (BTIS) has been purchased by AmTrust Financial Services Inc. BTIS ... AIA in Washington Acquired by Hub Jan 5, 2012 -- The assets of Pullman, Wash.-based Associated Independent Agencies Inc. (AIA) have been acquired by Headquartered in Chicago ... Penn.-based Glatfelter Acquires Faith-Based and Senior Living Programs Jan 4, 2012 -- Glatfelter Program Managers, a program business division of Glatfelter Insurance Group in York, Penn., acquired senior living and religious ... JLT Subsidiary Acquires Irish Broker FBD Insurance Dec 30, 2011 -- JLT Insurance Brokers (Ireland) Ltd, a wholly owned subsidiary of the Jardine Lloyd Thompson Group plc, has acquired FBD Insurance Brokers ... ACE Acquires Ecuador General Insurer Rio Guayas Dec 29, 2011 -- The ACE Group announced that it has acquired Rio Guayas Compania de Seguros y Reaseguros, a general insurance company in Ecuador that is ... Neff Risk and Cochrane Combine Dec 28, 2011 -- Neff Risk and Cochrane and Co. will be officially operating as one as of Jan. 1. The combined company will operate under the name Cochrane ... Fidelity National Sells 85% of Personal Lines Business Dec 28, 2011 -- Title insurance, mortgage and financial services provider Fidelity National Financial Inc. said it will sell an 85 percent interest in its ... General Re Reported Interested in So. Korea’s Tong Yang Life Dec 28, 2011 -- General Re, a unit of Warren Buffett's Berkshire Hathaway Inc, is interested in buying South Korea's Tong Yang Life Insurance to tap into ... MetLife to Sell Bank Unit to GE Capital Dec 27, 2011 -- General Electric Co. jumped into the retail deposits business on Tuesday, buying the online bank from life insurer MetLife Inc. in a deal ... Genstar Capital Acquires Innovative Aftermarket Systems of Texas Dec 26, 2011 -- San Francisco-based private equity firm Genstar Capital, LLC said it has acquired Innovative Aftermarket Systems, which underwrites and ... QBE to Acquire Puerto Rico-based Optima Insurance Group Dec 22, 2011 -- The QBE Insurance Group announced that it has agreed to acquire Optima Insurance Group, an underwriting group in Puerto Rico that posted an ... Arthur J. Gallagher Acquires Kahl Insurance of Colorado Dec 21, 2011 -- Arthur J. Gallagher & Co. has acquired Kahl Insurance Services LLC in Englewood, Colo. Terms of the deal were not disclosed. Kahl ... York Risk Services Group Acquires Avizent Dec 21, 2011 -- York Risk Services Group (York), a national provider of claims-management, specialized loss adjusting, insurance pool administration and ... Beazley Confirms Interest in Acquiring Hardy Underwriting Dec 21, 2011 -- In a brief statement, issued by its office in Dublin, Beazley plc confirmed that it is to undertake a strategic review of the business of ... Tokio Marine to Buy Delphi Financial for $2.7 Billion Dec 21, 2011 -- Tokio Marine said on Wednesday it will buy U.S. insurer Delphi Financial Group for $2.7 billion, the latest in a string of deals by Japan's ... Maine-based Workers’ Comp Insurer MEMIC Announces Acquisition Dec 20, 2011 -- Workers' compensation insurer The MEMIC Group acquired a Vermont-based insurer. The insurer also said it plans to expand its ... Digital Insurance Acquires South Florida's Kellogg Smith Dec 20, 2011 -- Digital Insurance has acquired Kellogg Smith as part of a plan to increase its presence in Florida. The addition of the Miami-based Kellogg ... IAG’s Malaysian Associate, AmG, Seeks to Acquire KurniaIAG Dec 20, 2011 -- Insurance Australia Group Limited announced that its 49 percent-owned Malaysian associate, AmG Insurance Berhad, "has submitted for local ... Moody's Corp. Acquires Barrie & Hibbert Dec 19, 2011 -- Moody's Corp. has acquired Barrie & Hibbert Limited, a provider of risk management modeling tools for insurance companies worldwide. ... WTO approves Russia’s Membership after Marathon Meeting Dec 16, 2011 -- Russia was admitted into the World Trade Organization on Friday after 18 years of negotiation, finally binding it into the global economy ... Insurance Australia Group to Acquire New Zealand Insurer AMI Dec 16, 2011 -- Insurance Australia Group Limited (IAG) announced it had entered into an agreement to purchase the AMI insurance business for NZ$380 ... RSS Insurance of Chattanooga Joins Keystone Insurance Group Dec 15, 2011 -- Chattanooga, Tenn.-based RSS Insurance has joined Keystone Insurance Group. RSS is now Keystone's 14th franchise partner in the state. ... Liberty Mutual’s Guangdong Branch Opens for Business Dec 15, 2011 -- The Liberty Mutual Group announced that its provincial branch in Guangzhou, Guangdong Province in China has "commenced operations and ... Old National Insurance Completes Partnership with Gettings Reed Financial Dec 14, 2011 -- Indiana-based Old National Insurance (ONI) has finalized a deal to acquire the employee benefits book of business from Gettings Reed ... Four New Hampshire Agencies Form Regional Alliance Dec 13, 2011 -- Four insurance agencies in New Hampshire announced the formation of a new partnership called Northern United Agents Alliance (NUAA). The ... Hub International Enters Latin American Market with Harmonia Tie-up Dec 13, 2011 -- Hub International is expanding into the Latin American market as the result of a merger agreement with Brazilian broker Harmonia Corretora ... N.Y.-based USI Insurance Services Acquires Bluff Head Enterprises Dec 13, 2011 -- USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., has completed its acquisition of Bluff ... Frost Insurance Acquiring Stone Partners Dec 13, 2011 -- Texas-based Frost Insurance announced it will acquire Stone Partners Inc., a human resource consulting firm that specializes in ... Citigroup to Sell Remaining Stake in Primerica Dec 13, 2011 -- Primerica Inc. said Citigroup had begun a public offering of its remaining stake in the life insurer, a little over a year after the ... Willis Group Acquires Italian Broker Dec 12, 2011 -- Willis Italy, a unit of Willis Group Holdings, announced the acquisition of Broking Italia SRL, a long-established specialist in the ... India’s Reliance Capital Eyes General Insurance Stake Sale w/in 6 Months Dec 12, 2011 -- Indian financial services firm Reliance Capital is in talks with potential partners to sell up to 26 percent in its general insurance ... SIAA Adds Master Agency to the California Marketplace Dec 8, 2011 -- Strategic Insurance Agency Alliance  Inc. (SIAA), a national alliance of over 3,900 independent insurance agencies, announced that master ... Arthur J. Gallagher Acquires Transwestern in Utah Dec 8, 2011 -- Transwestern General Agency Inc. in Salt Lake City, Utah has been acquired by Arthur J. Gallagher & Co. Terms of the transaction were ... North Carolina’s Strickland Acquires Carolina Insurance Services Dec 8, 2011 -- Strickland Insurance Brokers said it has acquired Carolina Insurance Service Inc. Carolina Insurance is a managing general agent that ... Risk Strategies Company in Boston Acquires Global Insurance Network Dec 8, 2011 -- Risk Strategies Company, a brokerage and risk management firm headquartered in Boston, acquired Global Insurance Network, an independent ... AXA, Generali Said to Advance in HSBC General Insurance Sale Dec 8, 2011 -- AXA SA and Assicurazioni Generali SpA are among bidders shortlisted for HSBC Holdings Plc's planned sale of its general insurance business, ... Statewide Expands into Washington with Contractor Insurance Services Dec 7, 2011 -- Statewide Insurance Brokers, a provider of contractors insurance for general liability, workers compensation, commercial vehicle coverage ... Strategic Insurance Agency Alliance Adds Six Member Agencies in East Dec 7, 2011 -- The Strategic Insurance Agency Alliance (SIAA) added six new member agencies in the East region in November. The new member agencies are: ... Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue 2012 Market Fact Book (including all 2011 Surveys in one convenient place!), Buyers Guide December 19, 2011 More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail New Insurance Jobs Underwriting Operations Agency Interface Analyst Claims Technology & Business Solutions Executive Solution Architect Midwest Territory Manager Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. 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