Insurance Mergers & Moves: Friday, October 7, 2011

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October 7, 2011 Business Moves & Mergers of Special Note For Allied World, Is No Deal a Better Deal? Oct 5, 2011 -- Allied World Assurance Co. Holdings Ltd.'s withdrawal from a bidding race for Transatlantic Holdings may have cost it the chance to beef up ... LexisNexis Insurance Exchange Buys MarshBerry Sales Portal Oct 3, 2011 -- LexisNexis Risk Solutions has acquired the Sales Portal from MarshBerry, the insurance consulting and merger and acquisition advisory firm. ... Berkshire Hathaway to Buy N.J.-based Princeton Insurance Sep 30, 2011 -- Berkshire Hathaway's medical professional liability insurance unit, Medical Protective Co., is purchasing New Jersey-based Princeton ... Nationwide and Harleysville Insurance Agree to Merger; Analysts Respond Sep 29, 2011 -- Nationwide Mutual Insurance Co. and  Harleysville Insurance announced on Thursday, Sept. 29, that they have agreed to a merger. Nationwide ... AssuredPartners Acquires Kentucky-Based Agency Neace Lukens Sep 21, 2011 -- Florida-based AssuredPartners Inc. has acquired the Neace Lukens, a Kentucky-based insurance agency, as part of a plan to build a national ... Business Moves & Mergers S&P Ups Harleysville’s Outlook; Affirms Ratings on Nationwide Deal Oct 7, 2011 -- Standard & Poor's Ratings Services has affirmed its 'A-' counterparty credit and financial strength ratings on Harleysville Mutual Ins. ... Jansen and Hastings Launch Cove MGA Oct 6, 2011 -- Two veterans in the London insurance marketplace have come together again to launch a new underwriting agency with a focus on U.S.-based ... Execs Form Global Insurance Search Firm Oct 6, 2011 -- A team of insurance search executives has formed a new firm, Sterling James, to serve the needs of the global insurance industry. ... HSBC Approaches Japanese Insurers on Sale of Non-Life Unit Oct 6, 2011 -- HSBC Holdings has approached the top three property/casualty insurers in Japan about the sale of its non-life insurance business, which ... Holmes Murphy & Associates Acquires Bridge Insurance Partners Oct 5, 2011 -- Holmes Murphy & Associates, headquartered in Des Moines, Iowa, has acquired Dallas-based Bridge Insurance Partners LLC. The team of ... Towers Watson Acquires N.Y. Investment Advisory Firm Oct 5, 2011 -- Global professional services company Towers Watson has purchased WellsCanning, a Valhalla, N.Y.-based investment advisory firm specializing ... Burns & Wilcox Acquires South Carolina Wholesale Broker Oct 3, 2011 -- Wholesale broker Burns & Wilcox has purchased Kimbrell Insurance Group Inc., a wholesale broker and underwriting manager in South ... Nationwide, Harleysville CEOs Reassure Agents: Merger All About Growth Sep 30, 2011 -- The merger of insurer Nationwide Mutual with regional carrier Harleysville Mutual is all about growth, not only for the companies but also ... MOC Insurance Services Combines with San Francisco Insurance Center Sep 29, 2011 -- San Francisco Insurance Center has joined MOC Insurance Services, the two Northern California firms announced on Thursday. Van Maroevich, ... Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale Sep 29, 2011 -- European insurers Allianz and AXA SA are among the potential bidders for HSBC Holdings Plc's sale of its general insurance business, which ... SNL Buys Summit Media’s Financial Information Unit, Highline Data Sep 28, 2011 -- Summit Business Media has sold its insurance financial information unit. Another financial information firm, SNL Financial, said it has ... BB&T Expands in Baltimore Area, Acquires Atlantic Risk Management Sep 28, 2011 -- Insurance broker BB&T Insurance Services is acquiring Atlantic Risk Management Corp. of Columbia, Maryland. The move allows BB&T ... Argo Group Opens Office in Dubai Sep 27, 2011 -- The Bermuda-based Argo Group International Holdings announced that it has established a "locally domiciled insurance operation in the heart ... Transatlantic in Talks with New, Undisclosed Bidder Sep 27, 2011 -- Transatlantic Holdings said Monday it has entered into deal talks with an undisclosed bidder, adding a fresh twist in a months-long ... Nationwide Mutual Reportedly in Talks to Buy Harleysville Sep 26, 2011 -- Nationwide Mutual Insurance Co. is in talks to buy Harleysville Group Inc., Bloomberg reported last Friday, citing people familiar with the ... Validus, Transatlantic Make Peace; Confidentiality Agreement Signed Sep 26, 2011 -- After rejecting offers from both Allied World Assurance and Berkshire Hathaway's National Indemnity, Transatlantic Holdings has opened the ... AXA Completes Sale of Canadian Operations Sep 26, 2011 -- France's AXA Group announced that it has successfully completed the sale of its Canadian operations in Property & Casualty and Life ... McLarens Young Acquires Washington Oregon Claim Service Sep 23, 2011 -- McLarens Young International has acquired Washington Oregon Claim Service, a middle market claims adjusting firm in the Pacific Northwest. ... Ryan Specialty Group Completes Acquisition of Specialist Lloyd’s Insurer Sep 23, 2011 -- Ryan Specialty Group LLC (RSG), based in Chicago, has completed the acquisition of specialist Lloyd's insurer Jubilee Group Holdings ... USI Acquires Florida’s de la Parte Agency Sep 23, 2011 -- Insurance broker USI Insurance Services has acquired de la Parte & Associates, a Tampa, Florida, employee benefits and insurance ... BB&T to Acquire Liberty Benefit in California Sep 22, 2011 -- BB&T Insurance Services is acquiring San Jose-based Liberty Benefit Insurance Services. Liberty will operate as BB&T-Liberty ... NAS Appoints Schmickle SVP of New Entertainment and Sports Division Sep 22, 2011 -- Encino, Calif.-based NAS Insurance has appointed Jerid Schmickle as senior vice president of its newly launched entertainment and sports ... Virginia-based Hilb Group Expands in New York State Sep 21, 2011 -- The Hilb Group, a Glen Allen, Va.-based holding company that focuses on acquiring mid-market agencies, is further expanding in New York ... Selective to Acquire Montpelier Re E&S Unit for $55M Sep 21, 2011 -- Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier ... U.S. Risk Acquires American Special Risk of California Sep 21, 2011 -- Woodland Hills, Calif.-based American Special Risk Insurance Services has been acquired by managing general agency and surplus line ... USI Insurance Acquires Ohio’s First Place Insurance Agency Sep 21, 2011 -- New York-based USI Insurance Services has acquired substantially all of the assets of First Place Insurance Agency Ltd. (First Place ... Whittington Sells UK Business to Finance Asia Expansion Sep 20, 2011 -- Whittington Group, the Singapore-based international insurance investor, announced it has reached a definitive agreement to sell its London ... Transatlantic Dismisses Fresh Berkshire Offer Sep 19, 2011 -- Reinsurer Transatlantic Holdings Inc said it received a renewed buyout offer of $52 a share in cash from Warren Buffett's Berkshire ... CAA Adds NTX Insurance Group Sep 19, 2011 -- Austin, Texas-based Combined Agents of America LLC (CAA) announced the addition of it 48th member agency, NTX Insurance Group Inc. Located ... Wells Fargo Insurance Acquires New Jersey-Based Procomp Sep 16, 2011 -- Wells Fargo Insurance Services has acquired Procomp Benefit Resources Inc., an employee benefits brokerage and consulting firm based in ... 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