Insurance Mergers & Moves: Friday, August 24, 2012

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August 24, 2012 Business Moves & Mergers of Special Note New York Fed Sells Last of Its AIG Assets, Ending Ties with Insurer Aug 23, 2012 -- The Federal Reserve Bank of New York brought to a close another chapter in the government's taxpayer-funded bailouts of 2008 with the sale ... USI to Acquire TD Bank's U.S. Insurance Subsidiary Aug 23, 2012 -- USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., has agreed to acquire TD Insurance Inc ... Aetna to Buy Rival Coventry Health for $5.6 Billion Aug 20, 2012 -- Health insurer Aetna Inc. said on Monday that it would buy rival Coventry Health Care Inc. for $5.6 billion to increase its share of the ... McGowan Purchases Assets of CGA Associates Aug 14, 2012 -- Fairview, Ohio-based McGowan Cos. announced it has purchased the assets of CGA Associates Inc. (CGA). Effective immediately, CGA will begin ... Business Moves & Mergers Digitial Insurance Acquires Knoxville's First Benefit Partners Aug 21, 2012 -- Atlanta-based employee benefit agency Digital Insurance has acquired First Benefit Partners in Knoxville, Tenn. Terms were not disclosed. ... Fund Manager's Bet on Insurer Coventry Could Pay Off Big Aug 21, 2012 -- Several big name hedge fund managers opened sizable stakes in health care insurance companies during the second quarter, and David ... Flagstone Re Completes the Sale of Lloyd's Operation to ANV Aug 21, 2012 -- Luxembourg-based Flagstone Reinsurance Holdings, S.A. announced that it has completed the planned sale of its Lloyd's segment to a ... BGI Agency Network Signs 50th Member Agency Aug 20, 2012 -- SIAA Inc. announced master agency partner BGI Agency Network has signed its 50th member agency. BGI signed Matt Armstrong Insurance Agency ... SIAA Added 6 New Agency Members in Northeast Region in July Aug 20, 2012 -- The Strategic Insurance Agency Alliance (SIAA), a national alliance of over 4,000 independent insurance agencies, has added six new agency ... BOLT Buys 2 Agencies, Opens Florida Office Aug 20, 2012 -- The Business Owners Liability Team (BOLT) insurance agency is opening a regional office in Sarasota after acquiring two Florid agencies. ... USI Acquires Florida's Suncoast Associates Aug 20, 2012 -- USI Insurance Services has acquired Suncoast Insurance Associates Inc., a Tampa, Florida-based insurance brokerage specializing in ... Ascension Acquires Modern Services Insurance in Atlanta Aug 16, 2012 -- Atlanta-based Ascension Insurance Inc. has acquired Modern Services Insurance Agency, also in Atlanta. Modern Services Insurance Agency ... Arthur J. Gallagher & Co. Acquires Texas-Based Sunday and Associates Aug 16, 2012 -- Illinois-based Arthur J. Gallagher & Co. announced the acquisition of Sunday and Associates Inc. of Sugarland, Texas. . Established in ... Ebix Acquires Online Insurance Tech Provider TriSystems Aug 15, 2012 -- Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired ... N.Y.-Based Broker Sterling & Sterling, Hyde Agency Form Joint Venture Aug 10, 2012 -- Sterling & Sterling Inc. an insurance broker based in Woodbury, N.Y., and The Hyde Agency, a specialty surety bond broker in New York City, ... Integro Buys UK Media Insurance Broker Aug 9, 2012 -- New York-based Integro Insurance Brokers has acquired Allan Chapman & James Insurance Brokers Limited of Colchester, a United Kingdom ... ING Sees Quick Sales in Asian Insurance Break-up Aug 9, 2012 -- Dutch banking and insurance group ING now expects a quick sale of parts of its $7 billion Asian insurance business as it seeks to repay ... Zurich to Transfer Aftermarket Business to Arrowhead Aug 8, 2012 -- Schaumburg, Ill.-based Zurich North America confirmed plans to transfer its book of aftermarket business and related brokered business to ... Maine-Based Cross Insurance Forms Partnership With Kraft Sports Group Aug 8, 2012 -- The Kraft Sports Group in Massachusetts said this week it has named Cross Insurance, a subsidiary of Bangor, Maine-based Cross Financial ... Treasury Gains in Sale of AIG Stock Aug 7, 2012 -- American International Group Inc. said today hat the U.S. Department of the Treasury expects to receive an additional $750 million in ... Physicians Insurance Acquires EMPAC/SCRUBS Aug 6, 2012 -- Seattle, Wash.-based Physicians Insurance A Mutual Company has acquired Emergency Medicine Professional Assurance Co. (EMPAC) and SCRUBS ... Confie Seguros Acquires Stonewood in California Aug 6, 2012 -- Confie Seguros has acquired Stonewood Insurance Services Inc., an agency that specializes in writing California non-standard personal ... AIG's SunAmerica to Acquire Woodbury Financial Services from The Hartford Aug 1, 2012 -- American International Group announced that its life and retirement business, SunAmerica Financial Group, Inc., has signed a definitive ... Arthur J. Gallagher & Co. Acquires Grace/Mayer Insurance Agency Jul 31, 2012 -- Arthur J. Gallagher & Co. announced the acquisition of Grace/Mayer Insurance Agency Inc. in Omaha, Neb. Founded in 1917, Grace/Mayer ... TWFG Offering New Branch Agent Opportunities Jul 27, 2012 -- The Woodlands, Texas-based independent insurance agency, TWFG, announced it is offering a new branch agent program. With a commission split ... Growth Through Acquisitions Highlight Quarter for 2 CAA Member Agencies Jul 27, 2012 -- Combined Agents of America LLC (CAA) announced that two member agencies — Duncan, Fraser & Bridges Insurance Agency Inc. (DFB) and ... Digital Insurance Acquires DSG Benefits Group in Dallas Jul 27, 2012 -- Employee benefits-only agency, Digital Insurance, has acquired DSG Benefits Group in Dallas. The acquisition marks the company's debut in ... Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue August 20, 2012 Satire Issue (Funny stories, weird claims, reader submissions and wacky ad contest.) 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 Wholesaler - Associate Broker Profit Coach Assistant Vice President - Direct Claims Management Trainee Have a job opening? List it on our Web site. 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