Insurance Mergers & Moves: Friday, June 28, 2013

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June 28, 2013 Business Moves & Mergers of Special Note Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow Jun 18, 2013 -- The Travelers Companies' decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes ... Sawyer Insurance Agency Merges with Higginbotham in Dallas Jun 14, 2013 -- Higginbotham announced that Sawyer Insurance Agency has merged with its Dallas office. Sawyer Insurance in Richardson, Texas, has been ... Brown & Brown Announces Asset Acquisition of Rollins Agency in New York Jun 10, 2013 -- Brown & Brown of New York Inc, a subsidiary of Brown & Brown Inc., said it acquired certain assets of The Rollins Agency in Rye Brook, N.Y. ... Business Moves & Mergers Boston-Based Risk Strategies Co. Sells Majority Stake to Kohlberg & Co. Jun 27, 2013 -- Risk Strategies Company (RSC), a Boston-Based insurance and benefits brokerage and risk management firm, announced that private equity firm ... Hartford to Sell U.K. Variable Annuity Business to Berkshire Jun 27, 2013 -- Hartford Financial Services Group Inc. agreed to sell its U.K. variable-annuity business to Berkshire Hathaway Inc. for about $285 million ... Aon Acquires Dempsey Partners Jun 21, 2013 -- Aon Global Risk Consulting, the risk consulting business of Aon plc acquired the assets of Dempsey Partners, a provider of claims ... Ebix, Goldman Sachs Terminate Merger Agreement Amid Probe Jun 20, 2013 -- Ebix Inc., a supplier of software and E-commerce services to the insurance industry, announced that it and an affiliate of Goldman, Sachs & ... Heffernan Acquires N.Y.-Based Consuasor Insurance Advisors Jun 19, 2013 -- Walnut Creek, Calif.-based Heffernan Insurance Brokers recently acquired Consuasor Insurance Advisors in New York. Founded in 2006, ... Brown & Brown Expands ECC Brand, Names Division CEO Jun 18, 2013 -- Florida-based national insurance agency Brown & Brown Inc. and its wholly-owned subsidiary, ECC Insurance Brokers Inc., announced that its ... UK MGA Nexus Group Concludes Financial Lines Coverage Pact with PartnerRe Jun 12, 2013 -- Nexus Group, a London-based Specialty MGA, has announced a transaction with reinsurer PartnerRe, which covers the current core financial ... Lockton Taps 2 Former Wells Fargo Insurance Execs to Lead Boston Office Jun 11, 2013 -- Lockton is adding more commercial insurance operations in the Northeast with the formation of an insurance brokerage office in Boston. ... Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion Jun 10, 2013 -- The Travelers Companies Inc. said it has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited ... SIAA Adds Six Agencies in West in May Jun 6, 2013 -- The Strategic Insurance Agency Alliance signed six new agencies in the West in May, which brings SIAA's total for the month to 30 new ... Marsh to Acquire Brokerage in Dominican Republic Jun 6, 2013 -- Insurance broker Marsh has agreed to acquire Franco & Acra Tecniseguros, an insurance adviser in the Dominican Republic that has been ... N.H.-Based Northern United Agents Alliance Announces New Agency Member Jun 4, 2013 -- The Northern United Agents Alliance (NUAA) announced the addition of Kinney Insurance Agency, based in South Hero, Vt., as the newest ... Southport Lane Acquires Louisiana's Imperial Fire & Casualty Jun 4, 2013 -- Southport Lane, a New York City-based private equity firm, has completed its acquisition of Louisiana-based Imperial Management Corp., ... Hub International Hires Chan in Toronto, Acquires Book of Business Jun 4, 2013 -- Hub International Limited (Hub) subsidiary Hub International HKMB Limited (Hub HKMB) has acquired a book of commercial and personal lines ... Hub International Acquires Assets of Beartooth in Montana Jun 4, 2013 -- Chicago, Ill.-based Hub International Ltd. subsidiary Hub International Mountain States has acquired the assets of Beartooth Insurance Inc. ... Private Equity Firm B.P. Marsh Selling Stake in Hyperion Insurance Jun 4, 2013 -- B.P. Marsh & Partners Plc, the U.K. private-equity firm with investments ranging from risk assessment to financial advising, rose for a ... Vanliner Insurance Launches New Captive for Moving, Storage Companies Jun 3, 2013 -- Vanliner Insurance Co., based in Fenton, Mo., has introduced Move-CAP, an alternative risk transfer (ART) insurance program developed ... Canada's Fairfax to Buy American Safety in $306 Million Cash Deal Jun 3, 2013 -- Fairfax Financial Holdings Ltd., a Canadian insurer, agreed to buy American Safety Insurance Holdings Ltd. for $306 million in an all-cash ... Cochrane Acquires Prowest In California May 31, 2013 -- Spokane, Wash.-based Cochrane & Company, a western-regional surplus lines brokerage and managing general agent, has acquired Prowest ... Eqecat Agrees to Share Exposure Data Schemas With RMS May 31, 2013 -- Catastrophe modeling firm Eqecat announced that it has finalized an agreement to share exposure data schemas with another major ... China Group Missing Deposit Date Could Ground AIG's Plane-Lease Sale May 31, 2013 -- A Chinese group's purchase of ILFC, one of the world's largest airplane leasing businesses, could collapse after insurer American ... Digital Insurance Acquires Fallick in Northern California May 30, 2013 -- Employee benefits agency Digital Insurance has acquired  Fallick Insurance Services of Mountain View, Calif. Fallick joins the Los ... Cross Insurance Launches Surety Bond Division in Northeast May 29, 2013 -- Cross Insurance, an insurance brokerage and subsidiary of Bangor, Maine-based Cross Financial Corp., announced the establishment of a new ... Willis Acquires Employee Benefits Broker T.E. Burke & Associates in Maryland May 29, 2013 -- Willis of Maryland, a unit of Willis Group Holdings plc, acquired accounts and certain personnel formerly associated with T.E. Burke & ... 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