Insurance Mergers & Moves: Friday, April 13, 2012

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April 13, 2012 Business Moves & Mergers Fireman's Fund Partners with Allianz to Expand Entertainment into Canada Apr 12, 2012 -- Novato, Calif.-based  Fireman's Fund Insurance Co. in partnership with Allianz Global Corporate & Specialty have created an ... Blue Cross in Mont., Idaho Buying Benefit Admin Company Apr 12, 2012 -- Cross and Blue Shield of Montana along with Blue Cross of Idaho are buying an Idaho company that provides health products and ... NFP Property and Casualty Services Acquires Illinois’ Ameribonds Surety Apr 11, 2012 -- National Financial Partners Corp. subsidiary, NFP Property and Casualty Services Inc. (NFP P&C), acquired Illinois-based Ameribonds ... Arthur J. Gallagher Acquires Louisiana's Besselman & Little Agency Apr 11, 2012 -- Arthur J. Gallagher & Co. has acquired Besselman & Little Agency of Baton Rouge, La. Terms of the transaction were not disclosed. ... Arch Capital Completes Acquisition of Ariel Re’s Credit & Surety Reinsurance Apr 11, 2012 -- The Bermuda-based Arch Capital Group announced that it has officially acquired Ariel Re's Credit & Surety reinsurance operations ... Goldman Sachs Completes Acquisition of Ariel Re’s Bermuda Operations Apr 11, 2012 -- The Goldman Sachs Group and Ariel Holdings Ltd announced that Ariel Holdings has completed the sale of Ariel Reinsurance's Bermuda-based ... Zurich’s Name Change to Zurich Insurance Group Now Official Apr 11, 2012 -- Zurich Financial Services Group has announced that the name change from Zurich Financial Services Ltd to Zurich Insurance Group Ltd "has ... J.M. Wilson Partners with The Iroquois Group Apr 10, 2012 -- Portage, Mich.-based managing general agency, J.M. Wilson, has entered into a partnership with The Iroquois Group. J.M. Wilson and the ... Worldwide Facilities Acquires N.Y.-based Wholesaler Privett Apr 10, 2012 -- Worldwide Facilities, a Los Angeles-based independent surplus-lines broker and managing general agency, acquired assets of Privett Special ... Validus Sets up PαCRe Sidecar; Capitalized at $500 Million Apr 9, 2012 -- Bermuda-based Validus Holdings, Ltd. announced the capitalization of PαCRe, Ltd., a new Class 4 reinsurer. "PαCRe has been formed to ... IAG Malaysia Partner Gets Regulatory Approval for Kurnia Insurans Deal Apr 6, 2012 -- The Insurance Australia Group Limited (IAG) announced that its 49 percent-owned Malaysian associate, AmG Insurance Berhad, has received ... Workers’ Comp Insurer BrickStreet Acquires PennCommonwealth Apr 5, 2012 -- Workers' compensation insurance provider Brickstreet Insurance has acquired a Pennsylvania workers' compensation company. Charleston, ... Best Announces Rating Actions on NZ’s ‘Old’ & ‘New’ AMI Insurance Apr 5, 2012 -- A.M. Best Co. announced rating actions on both New Zealand's AMI Insurance Limited, or the old AMI, and AMI Insurance (Operations) Limited, ... AIG May Take Airplane Leasing Unit Public in Q2: CNBC Apr 4, 2012 -- Bailed-out insurer AIG is considering launching the initial public offering of airplane leasing business International Lease Finance in the ... The Hanover Furthers Its West Reach With New Pacific Region Apr 4, 2012 -- The Hanover Insurance Group Inc. is launching a second region in the Western U.S. A newly created Pacific Region will be led by David Kuhn, ... P/C Insurance Technology Vendor FirstBest Gets $10 Million Apr 4, 2012 -- Property/casualty insurer technology vendor FirstBest Systems Inc. said it has completed $10 million in funding. With the new round, ... Allianz Seeking ‘Takeover Gems’ in Post-crisis Financial Wreckage Apr 4, 2012 -- Allianz SE, Europe's biggest insurer, will proceed with caution as it searches for takeover gems among the jetsam washed up by the ... 160-Year Old Hanover Retaking Its Place as P/C Industry Leader Apr 3, 2012 -- Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have ... Brown & Brown of California Acquires D. Bezona & Company Assets Apr 3, 2012 -- Orange, Calif.-based Brown & Brown Insurance Services of California Inc. acquired substantially all of the assets of D. Bezona & ... Great American Insurance Group Opens Regional Office in New York Apr 3, 2012 -- Great American Insurance Group's environmental division opened a regional office in New York City. The expansion complements the ... Ryan Specialty Group to Acquire WKFC Underwriting Managers in New York Apr 3, 2012 -- Chicago-based Ryan Specialty Group said its subsidiary RSG Underwriting Managers is acquiring WKFC Underwriting Managers in New York. Terms ... BB&T Completes $570M Acquisition of Crump Insurance Units Apr 3, 2012 -- BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., said it completed the previously announced acquisition ... North Carolina’s Red Ventures Buys HomeInsurance.com Apr 3, 2012 -- Charlotte, North Carolina-based technology firm Red Ventures has acquired the online homeowners insurance site, HomeInsurance.com. ... Starr Indemnity Receives Foreign, Non-Life Insurance License in Japan Apr 3, 2012 -- Starr Indemnity & Liability Company announced that the Japanese Financial Services Agency (FSA) has granted it a foreign, non-life ... Aon Completes Strategic Move to London Apr 2, 2012 -- Aon announced that is now officially a "plc (public limited company; i.e. a corporation) and that it has completed its change of ... Marsh Acquires Cosmos Services, a U.S. Brokerage Unit of Itochu Corp. Apr 2, 2012 -- Marsh, a wholly-owned subsidiary of New York-based Marsh & McLennan Companies, acquired Cosmos Services (America) Inc., the U.S. insurance ... MAPFRE ASISTENCIA Launches Subsidiary in Malta Mar 30, 2012 -- MAPFRE ASISTENCIA, a subsidiary company of Spain's MAPFRE Group, and MIDDLESEA INSURANCE MIDDLESEA ASSIST, have formed a joint venture to ... N.Y.-based Gill & Roeser Bought Out by Two Executives Mar 29, 2012 -- Two senior Gill & Roeser executives acquired reinsurance intermediary Gill & Roeser Inc. and Gill & Roeser Holdings Inc., a registered ... N.J.-based Broker Bollinger Acquires Creative Agency Group Mar 29, 2012 -- Short Hills, N.J.-based insurance broker Bollinger acquired Creative Agency Group in Holmdel, N.J. Creative Agency Group specializes in ... Insurance Claims Firm Cunningham Lindsey Put Up for Sale Mar 29, 2012 -- Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital LLC, is up for sale and could ... Liberty Mutual Acquires KIT Finance, Enters Russian Auto Insurance Market Mar 29, 2012 -- Liberty Mutual, one of the largest insurance companies in the world, said it would enter the Russian market with a deal to acquire KIT ... Southeast Non-Standard Auto Insurer Peachtree Acquired by California Firm Mar 29, 2012 -- A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity ... 10.36% Stake in MAPFRE AMERICA Sold for $324 Million Mar 29, 2012 -- Banco Financiero y de Ahorros (BFA) has sold its 10.36 percent stake in MAPFRE AMÉRICA for a consideration of € 244 million [$324 ... Hartford’s Money-Losing Brokerage Unit Expected to Attract Bids Mar 27, 2012 -- Hartford Financial Services Group's independent brokerage unit Woodbury Financial Services hasn't posted a profit for at least five years, ... K2 Acquires Majority Stake in Midwestern Mar 27, 2012 -- San Diego, Calif.-based managing general agent K2 Insurance Services LLC has acquired a majority stake in Midwestern Insurance Alliance ... 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