Insurance Mergers & Moves: Friday, May 25, 2012

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May 25, 2012 Business Moves & Mergers of Special Note Maryland’s State-Run WC Insurer IWIF to Become Private Nonprofit Co. May 23, 2012 -- The Injured Workers' Insurance Fund (IWIF), Maryland's state-run workers' comp insurance carrier, will become a private, nonprofit ... Brown & Brown Acquires Insurcorp Assets May 17, 2012 -- Brown & Brown Insurance of Nevada Inc., a subsidiary of Brown & Brown Inc., has acquired certain assets of Insurcorp and Maalouf ... SIAA Adds Eight West Members May 14, 2012 -- The Strategic Insurance Agency Alliance added eight members from the Western U.S. in April, SIAA announced. April's new West members ... Business Moves & Mergers Arthur J. Gallagher Acquires Professional Claims Managers May 23, 2012 -- Arthur J. Gallagher & Co. has acquired Professional Claims Managers Inc. in Dallas, Texas. Terms of the transaction were not disclosed. ... Xchanging Expands to U.S. Market May 23, 2012 -- London-based  Xchanging, a business process outsourcing company, has plans to expand its insurance offering to the North American market. ... Allied World Assurance Company Opens Philadelphia Office May 22, 2012 -- Allied World Assurance Company Holdings announced the opening of Allied World U.S.'s new office in Philadelphia. The company also said Mike ... RSA Reorganizes Global Specialty Businesses into ’3 Key Divisions’ May 22, 2012 -- The UK's RSA announced that it has re-organized its specialty businesses around the world into three key divisions, as it seeks to join up ... Best Opens Office in Dubai International Financial Center May 21, 2012 -- A.M. Best Co. announced the formal opening of its new office in the Dubai International Finance Centre (DIFC) in Dubai, UAE. The office is ... Northern United Agents Alliance in N.H. Expands, Adding 2 New Agencies May 18, 2012 -- The Northern United Agents Alliance (NUAA), an independent agency partnership based in New Hampshire, added two new agency members. The new ... SIAA Adds 10 New Agency Members in Northeast May 14, 2012 -- The Strategic Insurance Agency Alliance (SIAA), a national alliance of over 4,000 independent insurance agencies, said it added 10 new ... PGI Acquires N.Y.-Based Program Administrator American Altair Group May 14, 2012 -- PGI Commercial, the U.S. program manager of Bermuda-based insurance distributor Primary Group, has acquired the assets American Altair ... Evolution Underwriting in Deal with Beazley to Develop PI Business in UK May 14, 2012 -- "Broker only" commercial underwriting specialist Evolution Underwriting announced that it has "entered into an exclusive underwriting and ... Ark. Farm Bureau Ratings Lowered; Louisiana Farm Bureau Affirmed May 11, 2012 -- A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to "bbb" from ... Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue May 21, 2012 Workers' Comp Report with ; Restaurants & Bars; Recreation & Leisure 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 Regional Account Executive - Greater NY & Midwest Regions Director of Marketing Territory Manager Property & Casualty Insurance Account Executive 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. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2012 by Wells Publishing, Inc.