Friday, January 25, 2013

Insurance Mergers & Moves: Friday, January 25, 2013

Insurance Mergers & Moves
January 25, 2013
Business Moves & Mergers of Special Note

Arthur J. Gallagher Acquires Argus Benefits in Atlanta

Jan 14, 2013 -- Itasca, Ill.-headquartered global insurance broker Arthur J. Gallagher & Co. has acquired Argus Benefits in Atlanta. Terms of the deal were ...

Goldman Looks to Sell Major Stake in Reinsurance Group

Jan 16, 2013 -- In preparation for rules requiring the bank to hold more capital, Goldman Sachs Group is looking to sell a majority stake in its $1.4 ...

Standards Organizations ACORD, DISA to Merge

Jan 18, 2013 -- ACORD, the nonprofit global data standards organization for the insurance industry, and DISA, the organization for development of ...
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Business Moves & Mergers

Scottish American Capital Acquires N.Y.-Based MGA Buckingham Badler

Jan 23, 2013 -- New York-based investment fund Scottish American Capital has acquired managing general agent Buckingham Badler Associates, also of New ...

Generali's BSI Lures Brazilian, Chinese Bidders: Sources

Jan 22, 2013 -- Brazilian-Swiss bank Safra and a Chinese bank are among the three bidders for Generali SpA's Swiss private bank, BSI, in a deal worth€ 2 ...

Leavitt and Konecki Combine in Southern California

Jan 17, 2013 -- Solana Beach, Calif.-based Konecki Insurance Brokerage has combined operations with the Leavitt Group's San Diego office. In the combined ...

Cooper Gay Swett & Crawford Close Investment by Lightyear Capital

Jan 17, 2013 -- Cooper Gay Swett & Crawford Limited (CGSC) has announced the closing of its investment agreement with Lightyear Capital LLC. According to ...

Sun Life, Khazanah to Buy Aviva's Malaysian Insurance JV for C$586 Million

Jan 17, 2013 -- Canada's Sun Life Financial and Malaysian state investor Khazanah will buy 98 percent of Aviva Plc's Malaysian insurance joint venture with ...

Tower Group Updates Figures on Merger Status with Canopius

Jan 17, 2013 -- Tower Group announced that it has received all required insurance regulatory approvals for its merger agreement with Canopius Holdings ...

Indiana-based Schroeder Agency Joins with Neace Lukens

Jan 15, 2013 -- Schroeder Agency of Rushville, Ind., has strengthened Neace Lukens' Midwest presence by becoming its seventh location in Indiana, the ...

Maine-Based Cross Insurance Opens Higher Education Division in Boston

Jan 14, 2013 -- Cross Insurance, a subsidiary of Maine-based Cross Financial Corp., and one of the largest independent insurance providers in New England, ...

Lake Norman Buys Aquesta Insurance's Employee Benefits Unit in N.C.

Jan 14, 2013 -- Mooresville, N.C.-based Lake Norman Benefits has acquired the employee benefits practice unit from Aquesta Bank and its subsidiary Aquesta ...

New Risk Management Consulting Firm Launched in Pennsylvania

Jan 11, 2013 -- A new risk management consulting firm recently opened its doors for business in Pennsylvania. Auspice Risk is an independent risk ...

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