Insurance Mergers & Moves: Friday, September 14, 2012

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September 14, 2012 Business Moves & Mergers of Special Note CRC/Crump Acquires Preferred Brokerage Unit of Preferred Concepts Sep 11, 2012 -- CRC|Crump has signed an agreement with Preferred Concepts in New York to acquire select assets of the company's Preferred Brokerage ... U.S. Treasury Expects $12.4 Billion Profit from Investment in AIG Sep 10, 2012 -- The U.S. Treasury said on Monday it expects to raise $18 billion from its sale of American International Group shares, representing a ... Leavitt Group Agencies Combine, Re-brand Aug 31, 2012 -- The Leavitt Group is combining the capabilities of six of their top California agencies along with their Las Vegas, Salt Lake, and Atlanta ... Ohio's Norman-Spencer Agency Acquires N.Y.-Based Keenan Marine Agency Aug 29, 2012 -- Dayton, Ohio-based Norman-Spencer Agency Inc. has acquired New York-based Keenan Marine Insurance Agency LLC. Keenan Marine is a national ... Business Moves & Mergers N.Y.-Based Cook, Hall & Hyde to Merge With Maran Corporate Risk Assoc. Sep 13, 2012 -- Two brokerages in the Metro New York region -- Cook, Hall & Hyde and Maran Corporate Risk Associates -- announced their intention to enter ... U.S. Is Leader in Merger, Acquisition Activity Worldwide: Clyde & Co. Sep 11, 2012 -- Merger and acquisition trends in the United States trended upward from 2009 to the first half of 2012, a new industry report reveals. So ... InsureZone Acquires MSI Group, Adds Agencies to New Direct Program Sep 10, 2012 -- Fort Worth, Texas-based InsureZone announced it has acquired Denver-based MSI Group, with agencies in 20 states. The purchase adds 63 ... CBIZ Acquires Trinity Risk Advisors of Atlanta Sep 10, 2012 -- CBIZ Inc. has acquired the assets of Trinity Risk Advisors Inc. of Atlanta, Georgia, a specialty brokerage firm providing primarily medical ... Marsh McLennan Agency Acquires South Carolina's Rosenfeld Einstein Sep 10, 2012 -- Marsh & McLennan Agency LLC (MMA) has acquired Rosenfeld Einstein, a $9 million property/casualty and employee benefits agency based in ... Treasury Launches $18 Billion AIG Stock Offering Sep 10, 2012 -- The U.S. Treasury Department said it will sell most of its stake in insurer American International Group Inc., making the government a ... Private Insurers in Line to Take 150,000 Policies from Florida's Citizens Sep 7, 2012 -- Four Florida-based property insurers have been given the green light to remove up to 150,000 policies from the state-backed Citizens ... Tennessee Agency Hollis & Burns Joins Keystone Insurers Sep 7, 2012 -- Memphis, Tenn.-based agency Hollis & Burns Inc. has joined Keystone Insurers Group as Keystone's sixteenth franchise partner in the ... New Marine Wholesale Brokerage Opens for Business in Florida Sep 7, 2012 -- Florida has a new wholesale insurance broker specializing in marine industry risks. Founded by Steve Cunningham, Theresa Proios-Jewell and ... AIG Sells AIA Shares at Surpise Premium, Raises $2 Billion Sep 7, 2012 -- American International Group Inc. said it raised $2.02 billion through the sale of a partial stake in its former Asian unit AIA Group Ltd, ... Dubai Group Sells Turkey Insurance Unit to Starr, Oman Insurance Group Sep 5, 2012 -- The Dubai Group has sold its Turkish insurance arm to Starr Insurance and Reinsurance Ltd., a company owned by former AIG chief executive ... The Hartford to Sell Retirement Plan Unit to MassMutual Sep 5, 2012 -- The Hartford Financial Services Group Inc. on Tuesday said it would sell its retirement plans business to life insurer MassMutual for $400 ... AmWINS Buys Wisconsin School Insurance Broker, Smic Sep 4, 2012 -- Insurance broker AmWINS Group Inc. has acquired Special Markets Insurance Consultants, Inc. Smic is headquartered in Stevens Point, ... ASNOA Welcomes New Partners in Missouri, Illinois Sep 3, 2012 -- The Agent Support Network of America, ASNOA has welcomed its two newest partners, insurance veterans J. Scott Loveland and Roger Collins. ... UPDATE: Validus' Flagstone Re Buy Examined Aug 31, 2012 --  Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its ... Validus to Buy Flagstone Re for $600 Million in Cash and Stock Aug 30, 2012 -- Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its ... GJS Re Opens Facultative Reinsurance Unit; Threlfall to Lead Aug 29, 2012 -- G.J. Sullivan Co. Reinsurance (GJS Re) has launched GJS Re Facultative to focus on providing quality property facultative reinsurance to ... Willis to Open 22nd China Office in Harbin Aug 29, 2012 -- Willis China, part of Willis Group Holdings, announced that the Chinese Insurance Regulatory Commission (CIRC) has granted approval for it ... Digital Insurance, Minnesota's Bremer Financial Forge Alliance Aug 27, 2012 -- Benefits-only insurance agency, Digital Insurance, announced an alliance with Minnesota-based Bremer Financial Corp. to manage the ... SIAA Signs 4 New Members in Oklahoma, Texas Aug 24, 2012 -- The Strategic Insurance Agency Alliance (SIAA) announced 40 new member agencies in July. Of those, four new members are from South Central ... 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