Insurance Mergers & Moves: Friday, February 24, 2012

Contact us | Subscribe | Send to a Friend

February 24, 2012 Business Moves & Mergers of Special Note N.Y.-based USI Insurance Services Acquires The Pinnacle Group Feb 22, 2012 -- USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., acquired most of the assets of The ... Arthur J. Gallagher Buys Louisiana MGA, First Premium Feb 21, 2012 -- Global insurance broker Arthur J. Gallagher & Co. has acquired First Premium Insurance Group, Inc. in Covington, Louisiana. Terms of ... A.M. Best to Open Branch in Dubai for Middle East, Africa, Asia Feb 21, 2012 -- Rating agency A.M. Best's London office said it has obtained the necessary approvals to establish a branch operation in the Dubai ... Paulson Steps Up Pressure, Urges Hartford Board to Spin Off P/C Biz Feb 15, 2012 -- Hedge fund manager John Paulson -- who currently holds a 8.4 percent stake in The Hartford -- filed a letter yesterday to the board of The ... Neace Lukens Acquires Indiana’s Jenkins Insurance Services Feb 10, 2012 -- Neace Lukens, an AssuredPartners Inc. company, has acquired Jenkins Insurance Services, a Sellersburg, Ind.-based employee benefits ... Business Moves & Mergers New London Broker Q360 Launched in Partnership with Tawa Feb 23, 2012 -- A new London-based broker, Q360, has been launched with Tawa providing the capital backing. Q360 Ltd will initially operate within the ... Fondiaria Battle Heats up as Funds Table Offer; AXA Interested Feb 23, 2012 -- The battle for control of Italian insurer Fondiaria-SAI heated up on Wednesday when two private equity funds tabled a rival offer to one ... ING to Sell 3 Asia Joint Ventures Separately from Other Assets Feb 23, 2012 -- ING Groep NV is planning to sell its three Asian insurance joint ventures separately from its other Asia assets so that the overall sale is ... OneBeacon Completes Sale of AutoOne Business to New York's Interboro Feb 22, 2012 -- OneBeacon Insurance Group said today it completed the sale of its AutoOne business to Interboro Holdings Inc. of New York. The transaction, ... South Korea’s KB Financial Eyes ING Insurance Feb 22, 2012 -- South Korea's KB Financial Group is interested in buying ING Groep NV's South Korean insurance operations, chairman Euh Yoon-dae said. The ... Mass.-based Enservio Acquires Insurers World Feb 17, 2012 -- Enservio, a Needham, Mass.-based provider of property insurance analytics, affinity marketing and claims solutions, is acquiring Insurers ... Cooper Gay Refocuses MGA on International Business Feb 16, 2012 -- Lloyd's broker Cooper Gay & Co. Ltd. has rebranded its managing general agency platform, Oliva, as Globe Underwriting as part of its ... Zurich Board Proposes Name Change to Zurich Insurance Group Feb 16, 2012 -- Zurich Financial Services Group announced that its board of directors will propose a name change on March 29, 2012 that will reflect that ... Utah-based Veracity Acquires Stratus Feb 16, 2012 -- Pleasant Grove, Utah-based Veracity Insurance Solutions LLC has acquired Stratus Insurance Services Inc. Of particular interest to Veracity ... Adjuster Sams & Associates Opens in Arizona Feb 16, 2012 -- Sacramento, Calif.-based Donald K. Sams & Associates Inc., an independent claims adjuster has expanded into Arizona. The expansion into ... JLT in Tie-up with Spanish Commercial Broker Unipsa Feb 15, 2012 -- The UK-based Jardine Lloyd Thompson Group plc announced that it will combine its existing Spanish retail brokerage  business, JLT-SIACI ... Worldwide Broker Network Brings on Associate Members Feb 15, 2012 -- San Mateo, Calif.-based Worldwide Broker Network has expanded its membership to include associate members. WBN membership has always been ... Woodlands Financial Group Opens 4 New Locations Feb 15, 2012 -- The Woodlands Financial Group Inc. (TWFG), a retail and managing general insurance agency headquartered in The Woodlands, Texas, has opened ... Town & Country Insurance Agency Completes Whittington Acquisition Feb 15, 2012 -- Houston-based Town & Country Insurance Agency Inc., a subsidiary of Encore Bancshares Inc. and an affiliate of Encore Bank N.A., has ... AIG In No Rush to Sell Key Assets: CEO Benmosche Feb 15, 2012 -- American International Group Inc. may raise its stake in Asian insurer AIA Group someday and is open to offers for its airplane leasing ... China Agrees to Open Up Auto Insurance Market Feb 14, 2012 -- U.S. Vice President Joe Biden said on Tuesday that China had agreed to an important financial sector reform by opening up its massive auto ... Fort Worth's Lucien Wright Insurance Services Relocates Office Feb 14, 2012 -- Fort Worth, Texas-based independent property/casualty insurance agency, Lucien Wright Insurance Services Inc., announced it has moved its ... The Hartford’s Biggest Stakeholder Wants to Split Up the Firm Feb 13, 2012 -- The Hartford Financial Services Group's biggest stakeholder is not happy with its stock price and wants The Hartford CEO Liam McGee to do ... Kulchin Ross Insurance Services Inc. Formed in Southern California Feb 13, 2012 -- William Kulchin and Derek Ross have formed Kulchin Ross Insurance Services Inc., a new retail agency based in Tarzana, Calif. that provides ... Pennsylvania Insurance Department to Liquidate First Sealord Surety Feb 13, 2012 -- The Pennsylvania Insurance Department Commissioner Michael Consedine announced last week that the Commonwealth Court has approved the ... Prudential Picks Merrill for Advisor on ING Asia Bid Feb 13, 2012 -- Prudential Financial Inc , the No.2 U.S. life insurer, has hired Bank of America Merrill Lynch to advise on its possible bid for ING Groep ... Arthur J. Gallagher & Co. Acquires ProSource Financial Feb 10, 2012 -- Arthur J. Gallagher & Co. has acquired ProSource Financial LLC in Westchester, Ill. Terms of the transaction were not disclosed. ... Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Agency Salary Survey; Boats & Marinas; Agribusiness / Farm & Ranch February 20, 2012 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 Insurance Producers Commercial or Personal Lines Insurance Producer Client Service Representative Inland Marine Underwriting Specialist 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. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2012 by Wells Publishing, Inc.