Insurance Mergers & Moves: Friday, April 12, 2013

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April 12, 2013 Business Moves & Mergers of Special Note W.R. Berkley Corp. Divests, Connecticut Bank Acquires InsurBanc Apr 8, 2013 -- InsurBanc -- a federal savings bank founded by the Independent Insurance Agents & Brokers of America and W.R. Berkley Corp. a dozen ... Kaufman Financial Acquires Global Excess Partners in New York Apr 2, 2013 -- The H.W. Kaufman Financial Group said it has acquired Global Excess Partners, a New York City-based specialty insurance organization that ... North Carolina's Strickland Insurance Acquires Virginia Transportation Underwriter Apr 8, 2013 -- Strickland Insurance Brokers of Goldsboro, North Carolina has acquired the assets of Palmyra, Virginia-based Tower Transportation ... Business Moves & Mergers California's Atlas General Acquires South Bay Underwriters Apr 12, 2013 -- Atlas General Insurance Services in San Diego, Calif. has acquired South Bay Underwriters from Bliss & Glennon, a Redondo Beach-based ... Protective Life to Buy AXA's U.S. Life Insurance Unit for $1.06 Billion Apr 11, 2013 -- Protective Life Corp said it will buy Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its portfolio of life ... AssuredPartners Acquires Alan James Insurance in Florida Apr 10, 2013 -- AssuredPartners of Florida has acquired substantially all of the assets of Alan James Insurance, a Ft. Lauderdale-based insurance broker ... Thoits in California Bought by NFP Apr 9, 2013 -- San Jose, Calif.-based Thoits Insurance Service Inc. was acquired by NFP Property & Casualty Insurance Services, a wholly owned ... Qatar Financial Centre Authority Sells Qatarlyst to Ebix Inc. Apr 9, 2013 -- The Qatar Financial Centre Authority (QFCA) announced that it has reached an agreement to sell Qatarlyst, an electronic trading exchange ... SCM Heads to Downtown Los Angeles Apr 8, 2013 -- SullivanCurtisMonroe Insurance Services LLC will relocate this month to a 12,000-square-foot office space on the 10th floor of the tower at ... Arthur J. Gallagher & Co. Acquires Advanced Benefit Advisors in New Jersey Apr 8, 2013 -- Itasca, Ill.-based global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Advanced Benefit Advisors Inc. of Cherry ... Sources Say UBS Was Mystery Lender for Thai Group's Ping An Deal Apr 5, 2013 -- The mystery lender behind a Thai billionaire's $9.4 billion purchase of a stake in China's No.2 insurer was UBS, which offered the region's ... Maine-Based Agencies Turner Barker, Clark Insurance to Merge Apr 4, 2013 -- Turner Barker Insurance, a Portland, Maine-based agency which had been a wholly owned subsidiary of Gorham Savings Bank for the past dozen ... Burnham Benefits Expands To Northern California Apr 3, 2013 -- Irvine, Calif.-based Burnham Benefits Insurance Services is staking out Northern California for a push toward further expansion with new ... E&S Opens Field Loss Mitigation Operation in Southern California Apr 2, 2013 -- E&S Inspections Inc., a newly opened firm specializing in field loss mitigation services for the insurance sector, has started ... Great American Insurance Group Launches Professional Liability Division Apr 2, 2013 -- Great American Insurance Group, based in Cincinnati, Ohio, announced the launch of a new professional liability division. This division ... Willis Acquires UK Indemnity Specialist Broker Prime Professions Apr 2, 2013 -- Willis Group Holdings announced that it has "further enhanced its offering in the executive risk market by agreeing to acquire, through ... ACE Completes Acquisition of Mexican Surety Lines Company Fianzas Monterrey Apr 2, 2013 -- ACE Limited announced that it has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for ... Allianz Seals Deal with Turkey's Yapı Kredi for Insurance Acquisition/Distribution Mar 28, 2013 -- Germany's Allianz announced that it has reached an agreement with Turkey's Yapı Kredi for a 15-year exclusive distribution agreement ... P/C Mergers Down in 2012 But Private Equity Still Favored Brokers: Conning Mar 28, 2013 -- Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty ... Digital Insurance Buys Group Brokerage Insurance Agency in Massachusetts Mar 27, 2013 -- Atlanta-based benefits broker Digital Insurance has acquired Group Brokerage Insurance Agency of Cambridge, Mass. The nearly 30-year-old ... SeaFire Insurance Services Seeks Agency Partners in Wisconsin, Illinois Mar 27, 2013 -- Overland Park, Kan.-based SeaFire Insurance Services announced it is actively seeking new agency partners in Wisconsin and Illinois for its ... Protective Life in Lead for AXA US Insurance Assets - Sources Mar 27, 2013 -- U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA's U.S. life insurance assets in a deal that could be ... AXA in Exclusive Deal to Sell Stake in Private Equity Division Mar 26, 2013 -- France's AXA Group announced that its asset management subsidiary, AXA Investment Managers (AXA IM), has received an irrevocable offer ... 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