Insurance Mergers & Moves: Friday, January 27, 2012

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January 27, 2012 Business Moves & Mergers of Special Note Kaufman Financial Acquires London’s Chesterfield Group, Texas MGA Jan 27, 2012 -- The H.W. Kaufman Financial Group, parent company of wholesale broker and underwriting manager Burns & Wilcox, has purchased ... Nationwide Calls Harleysville Deal ‘Fair and Compelling’ Jan 25, 2012 -- Nationwide is brushing off Liberty Mutual's allegation that Nationwide's pending acquisition of Harleysville Mutual would unfairly benefit ... R-T Specialty Acquires Texas Insurance Wholesaler Maclean, Oddy & Associates Jan 12, 2012 -- R-T Specialty LLC, the wholesale broker of Ryan Specialty Group LLC, has acquired Texas-based insurance wholesale firm Maclean, Oddy & ... Bolton & Company Acquires Pacific General Insurance Services Jan 10, 2012 -- Pasadena, Calif.-based Bolton & Company has acquired Pacific General Insurance Services, an independent insurance agency providing ... Neace Lukens Acquires Kentucky’s Berryman Agency Jan 9, 2012 -- Louisville-based insurance agency Neace Lukens is expanding its presence in Kentucky by buying the Berryman Insurance Agency. The Hartford, ... Business Moves & Mergers AIG Thinking about Buying Back More of AIA Jan 26, 2012 -- American International Group Chairman Steve Miller said on Thursday the bailed-out insurance company may eventually want to buy a life ... U.K.-based Broker BMS Group Opens New York Office Jan 26, 2012 -- The U.K.-based broker BMS Group said it has opened an office in New York City. The firm said the Park Avenue office in Manhattan will be ... U.S. Wholesale Broker AmWINS Completes Acquisition of London’s THB Jan 26, 2012 -- U.S. insurance wholesaler AmWINS Group, Inc. has completed its previously announced acquisition of THB Group plc of London. THB, an ... Lubbock Office of Shofner, Lynch & Shulse Joins MHBT Jan 25, 2012 -- Two well-known Texas independent insurance agencies have merged. Dallas-based McQueary Henry Bowles Troy (MHBT) and Shofner, Lynch & ... AIG to Merge Group Benefits Units From Chartis and American General Jan 24, 2012 -- Two American International Group units -- Chartis U.S. Accident and Health, and American General Life Companies -- are planning to merge ... AssuredPartners Acquires Ohio’s Dawson Companies Jan 24, 2012 -- AssuredPartners, a portfolio company of the Chicago, Ill-based equity firm GTCR, has acquired the Dawson Companies. Based in Cleveland, ... Networked in California Joins LexisNexis Exchange Jan 24, 2012 -- Grass Valley, Calif.-based Networked Insurance Agents has signed on with LexisNexis Risk Solutions Insurance Exchange, a significant step ... Fairfax to Acquire 25% Stake in Thai Re Jan 20, 2012 -- Fairfax Financial Holdings Limited announced that it has agreed to acquire approximately 25 percent of the issued and outstanding shares of ... N.Y.-based Navigators Group Adds Professional Liability Reinsurance Unit Jan 20, 2012 -- Rye Brook, N.Y.-based specialty insurer The Navigators Group said this week that its principal underwriting agency subsidiary, Navigators ... Arthur J. Gallagher Acquires South Carolina’s Riley & Associates Jan 19, 2012 -- Arthur J. Gallagher & Co. said it has acquired Riley & Associates Inc. in Mt. Pleasant, South Carolina. Terms of the transaction ... Ventura Partners Acquires Barlocker, Forms Coastal States Jan 19, 2012 -- Ventura Partners BHR, LP which has acquired the assets from Barlocker Insurance Services of Ventura, Calif. Terms of the acquisition were ... Western Insurance Forms On Point Risk Solutions in Southern California Jan 19, 2012 -- San Diego, Calif.-based Western Insurance Holdings Inc., a property/casualty holding company, has formed On Point Risk Solutions. On Point ... Key Risk Expands to Pennsylvania, Opens Harrisburg Office Jan 19, 2012 -- Key Risk, a workers' comp insurer and a member company of W. R. Berkley Corp., said it is expanding operations to Pennsylvania and is ... Alterra Receives Approval to for Local Reinsurance Company in Brazil Jan 18, 2012 -- Bermuda-based Alterra Capital Holdings Limited announced that the Brazilian insurance and reinsurance regulator, Superintendencia de ... Chartis Realigns Global Business Units Amid Departure of Key Executive Jan 18, 2012 -- Chartis said it is streamlining its geographic structure to add greater focus on its growth economies initiatives. The move comes amid the ... IMAC Acquires Chicago-based Specialty Service Solutions Jan 17, 2012 -- Randolph, Mass.-based International Marketing and Administration Company (IMAC) purchased Specialty Service Solutions LLC, an insurance ... AIA May Bid $6B for ING Asian Business Jan 17, 2012 -- AIA Group Ltd, Asia's No.3 insurer and about one-third owned by American International Group Inc., may bid for the $6 billion Asian ... Pioneer General Insurance, American Contractors Indemnity Merge Jan 16, 2012 -- Houston-based HCC Insurance Holdings Inc. announced the merger of Pioneer General Insurance Co. (PGIC) with and into American Contractors ... Penn.-based NSM Insurance Receives Capital Investment Jan 12, 2012 -- NSM Insurance Group, an insurance program administrator, said it has received a capital investment from a private equity investment firm. ... Direct-Link Acquires Southern California Firm Cumbre Jan 12, 2012 -- Direct-Link Holding Group LLC has acquired Cumbre Insurance Services' commercial insurance division in Ontario, Calif. Cumbre Inc. operates ... LIG Marine Managers Opens Philadelphia Office Jan 11, 2012 -- St. Petersburg, Fla.-based LIG Marine Managers is opening a new office in Philadelphia. The office will cover businesses from the states of ... PSA Acquires Baltimore Office of Edgewood Partners Insurance Center Jan 11, 2012 -- PSA Insurance & Financial Services acquired the Baltimore office of San Mateo, Calif.-based Edgewood Partners Insurance Center (EPIC), a ... Digital Insurance Buys Va.-based Strategic Employee Benefits Services Jan 11, 2012 -- Digital Insurance, an employee benefits agency in Atlanta, acquired Strategic Employee Benefits Services (SEBS) of Virginia. SEBS, which ... Ascension Insurance Acquires Third North Carolina Agency Jan 11, 2012 -- Ascension Insurance is expanding in North Carolina with its third agency acquisition in the state in the past three years. Ascension's most ... UPA Insurance Brokers in Northern California Acquired by Risk Strategies Jan 11, 2012 -- Millbrae, Calif.-based UPA Insurance Brokers has been acquired by Risk Strategies Co., a national insurance brokerage and risk management ... Allianz Ready to Convert Commerzbank Non-voting Stake Say Sources Jan 11, 2012 -- German insurer Allianz is ready to adjust its €750 million [$952 million] non-voting capital stake in Commerzbank to help the German ... French Broker Gras Savoye Receives License to Operate in Georgia Jan 10, 2012 -- France's Gras Savoye, which is closely associated with Willis, announced that it has received a license to commence brokerage operations in ... Swett & Crawford Acquires Missouri-based Aviation Program Manager Jan 9, 2012 -- Wholesale insurance intermediary, Swett & Crawford, announced it has acquired The ABC Program, an underwriting facility based in St. ... Texas Insurer Acquires Florida’s Physicians Insurance Jan 9, 2012 -- The Texas Medical Liability Trust has acquired the Florida-based Physicians Insurance Co. The Deerfield Beach, Florida-based Physicians ... N.J.-based Bollinger Acquires Argent Professional Insurance Agency Jan 6, 2012 -- Short Hills, N.J.-based insurance broker Bollinger acquired Argent Professional Insurance Agency in Warren, N.J. Bollinger said the ... Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Excess, Surplus & Specialty Markets Directory Vol. I January 23, 2012 More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail New Insurance Jobs Vice President of Claims - Commercial P&C Experienced P & C Claims Adjuster Vice President of Claims Claims Executive - W.C. Medical Operations Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. 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