Insurance Mergers & Moves: Friday, May 11, 2012

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May 11, 2012 Business Moves & Mergers of Special Note Brown & Brown Acquires Mass.-Based Richard W. Endlar Insurance Agency May 10, 2012 -- Brown & Brown of Massachusetts LLC, a subsidiary of Brown & Brown Inc., said it acquired assets of Richard W. Endlar Insurance Agency Inc. ... USI Insurance Services Acquires Assets of National Insurance Specialists May 10, 2012 -- USI Insurance Services announced it has closed on the acquisition of certain assets of Toledo, Ohio-based National Insurance Specialists ... A.J. Gallagher Acquires Majority Interest in UK’s Insurance Dialogue Limited May 9, 2012 -- Arthur J. Gallagher & Co. announced that it has acquired a 78.5 percent interest in Insurance Dialogue Limited (IDL) of Bournemouth, ... Arthur J. Gallagher Acquires Schiff, Kreidler-Shell May 2, 2012 -- Itasca, Ill.-based Arthur J. Gallagher & Co. acquired Schiff, Kreidler-Shell Insurance and Risk Services headquartered in Cincinnati, ... Nationwide Mutual Completes Harleysville Merger May 1, 2012 -- Nationwide Mutual Insurance Co. said that the company completed its previously announced $834 million merger deal with Harleysville Mutual ... The McGowan Cos. Purchases Md.-Based Allied Insurance Brokers Apr 30, 2012 -- The McGowan Companies (McGowan), based in Fairview Park, Ohio, purchased the assets of Allied Insurance Brokers Inc. (Allied). Allied, ... Business Moves & Mergers MetLife to Buy Georgia Golf Community May 11, 2012 -- An agreement has been announced for the sale of posh golf community Reynolds Plantation in Greensboro, Georgia. The Atlanta ... Stoermer Insurance to Assume Accounts of Black/White & Associates May 10, 2012 -- Insurance wholesaler and managing general agency, Black/White Associates of Louisiville, Ky., announced it has partnered with Stoermer ... BenefitSpecialists Joins Higginbotham Insurance Group May 10, 2012 -- Higginbotham Insurance Group and BenefitSpecialists announced the merger of their operations in Houston. BenefitSpecialists, an employee ... Virginia Regulators End Shenandoah Life Insurance Co.’s Receivership May 9, 2012 -- A Roanoke, Va.-based insurance company is no longer in receivership. The State Corporation Commission announced Tuesday that it ended ... Hilltop Holdings, PlainsCapital Corp. Sign Merger Agreement May 9, 2012 -- Hilltop Holdings Inc. a Dallas-based holding company that through a subsidiary provides fire and homeowners insurance to low value ... Insurance Broker Confie Seguros Acquires 6 Agencies May 9, 2012 -- Confie Seguros, a personal lines insurance brokerage network focused on Hispanic consumers, said it has completed the acquisition of six ... Verizon Sets Up Captive Insurer in N.J.; State Now Has 4 Captives May 8, 2012 -- New Jersey officials announced this week that the state approved a captive insurance company for telecommunications services giant Verizon ... Oak Street Funding, OPTIS Partners Form Strategic Partnership May 8, 2012 -- Oak Street Funding, headquartered in Carmel, Ind., announced a new strategic partnership with Chicago-based OPTIS Partners LLC. OPTIS ... Stock Sale Lowers U.S. Stake in AIG to 61% May 8, 2012 -- The U.S. Treasury on Monday said it is trimming its ownership stake in American International Group Inc. to 61 percent from 70 percent by ... Neace Lukens Acquires Kentucky’s Morehead Insurance May 7, 2012 -- Louisville, Kentucky-based Neace Lukens, an AssuredPartners, Inc. company, has completed the acquisition of Morehead Insurance, a ... A.M. Best Opens Miami Office May 7, 2012 -- A.M. Best Co. has opened an office in Miami, Florida to serve the market for insurance ratings in the Latin American region. The Miami ... N.Y.-Based Alleghany Acquires Stake in Manufacturing Firm Bourn & Koch May 4, 2012 -- New York-based global specialty insurer Alleghany Corporation said its investment management unit acquired a majority stake in ... C.M. Meiers Legal Battle Goes On, Allegations Heat Up May 3, 2012 -- With a quote from former president Ronald Reagan, an emergency motion from a sex toy business and increasingly acerbic accusations, the ... Western National Completes Purchase of American Freedom Insurance May 3, 2012 -- Western National Mutual Insurance Co., based in Edina, Minn., has closed on the purchase of 100 percent of the stock of Arlington Heights, ... Flexpoint Ford Agrees to Acquire GeoVera From Hellman & Friedman May 2, 2012 -- Chicago, Ill.-based Flexpoint Ford LLC, a private equity firm focused on the financial services and healthcare sectors, announced its ... Allied World Re Opens Miami Office for Latin America; Names Turkel Senior VP May 2, 2012 -- Allied World Reinsurance Co. has opened a new office in Miami in order to further expand its operations in Latin America.  The Miami ... CNA Announces Approval from Hardy Shareholders for Acquisition Apr 30, 2012 -- CNA Financial Corporation announced that Hardy Underwriting Bermuda Limited shareholders have voted to approve CNA's proposed acquisition ... 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