Insurance Mergers & Moves: Tuesday, December 18, 2012

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December 18, 2012 Business Moves & Mergers of Special Note Treasury Completes Final Sale of AIG Stock Dec 14, 2012 -- The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its ... Coastal Insurance Group Becomes a Higginbotham Company Dec 12, 2012 -- Fort Worth-based independent insurance firm, Higginbotham, and Coastal Insurance Group LLC announced the merger of their operations in ... Onex Corp. of Canada to Acquire USI for $2.3 Billion Nov 26, 2012 -- Canadian private equity firm Onex Corp. said today it has agreed to acquire insurance brokerage USI from Goldman Sachs Group's GS Capital ... Investment Firm KKR to Acquire Alliant Insurance from Blackstone Nov 25, 2012 -- Global investment firm Kohlberg Kravis Roberts & Co. L.P. said it will acquire  Alliant Insurance Services Inc., a specialty insurance ... Business Moves & Mergers Integro Acquires Southern California's The Rule Group Dec 17, 2012 -- New York-based insurance brokerage and risk management firm Integro has acquired The Rule Group of Pasadena, Calif. Terms of the ... AIG May Raise up to $6.5 Billion through AIA Share Sale - Sources Dec 17, 2012 -- American International Group may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's ... Arthur J. Gallagher Acquires Western Benefit Solutions of Idaho Dec 12, 2012 -- Arthur J. Gallagher & Co. has acquired Boise, Idaho-based Western Benefit Solutions LLC. Terms of the transaction were not disclosed. ... Arthur J. Gallagher Acquires Charter Lakes Marine Insurance Agency Dec 12, 2012 -- Arthur J. Gallagher & Co. has acquired Charter Lakes Marine Insurance Agency, headquartered in Grand Rapids, Mich. Terms of the ... Best Sees No Change in AIG's Ratings from U.S. Treasury Share Sale, ILFC Deal Dec 12, 2012 -- A.M. Best Co. has commented that the issuer credit rating of "bbb" of American International Group is unchanged following the ... Willis Expands Ohio Operations with New Cleveland Location Dec 12, 2012 -- Willis North America, a unit of global insurance broker Willis Group Holdings, has relocated its Cleveland office to 1001 Lakeside Avenue, ... Timeline of U.S. Government's Rescue, Sale of AIG Dec 10, 2012 -- The U.S. Treasury said on Monday it would sell the last of its remaining AIG shares, rounding off a $182 billion bailout that began during ... Oklahoma's Caldwell and Partners Acquires Midlands Holding Corp. Dec 10, 2012 -- Charles C. Caldwell, CEO of Oklahoma-based Caldwell and Partners Inc. (CAP), announced the acquisition of Midlands Holding Corp ... AIG's $4.8 Billion Sale of Aircraft Unit to Chinese Group Faces U.S. Security Review Dec 10, 2012 -- American International Group Inc. is to sell nearly all of ILFC , the world's second-largest airplane leasing business, to a Chinese ... UPDATE: Chinese Group to Buy AIG's Plane Leasing Unit for up to $4.8 Billion Dec 10, 2012 -- American International Group has agreed to sell nearly all of ILFC , the world's second-largest airplane leasing business, to a Chinese ... SIAA Adds 7 Midwest Agencies in November Dec 10, 2012 -- The Strategic Insurance Agency Alliance (SIAA) announced it signed seven additional members in Midwest states in November. They ... Chinese Firms in Talks to Buy AIG Aircraft Leasing Unit Dec 7, 2012 -- A group of Chinese companies, including the Industrial and Commercial Bank of China (ICBC), is in talks to buy American International ... SIAA Adds 3 South Central Agencies in November Dec 7, 2012 -- The Strategic Insurance Agency Alliance (SIAA) announced it signed three additional members in South Central states in November. They ... Patriot National's Guarantee Insurance Co. Expanding into Michigan Dec 7, 2012 -- Workers' compensation insurer Patriot National Insurance Group announced that its subsidiary, Guarantee Insurance Co., will begin writing ... Cook, Hall & Hyde Completes Merger With Maran Corporate Risk in N.Y. Dec 6, 2012 -- Two insurance brokerages in the Metro New York region — Cook, Hall & Hyde and Maran Corporate Risk Associates — finalized their merger ... Arthur J. Gallagher & Co. Acquires Nebraska's Brendis & Brendis Dec 6, 2012 -- Arthur J. Gallagher & Co. has acquired employee benefit specialist, Brendis & Brendis Inc., located in Omaha, Neb. Terms of the ... Travelers Increases Stake in Brazil's J. Malucelli Joint Venture Dec 6, 2012 -- The Travelers Companies, Inc. announced that it has increased its ownership stake in J. Malucelli Participações em Seguros e Resseguros ... Marsh & McLennan Agency Acquires Ohio's Brower Insurance Agency Dec 5, 2012 -- Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Ohio-based Brower Insurance Agency. Terms ... SIAA Adds Four in West Dec 5, 2012 -- The Strategic Insurance Agency Alliance signed four agencies in the West in November – two in California and two in Arizona – bringing ... Thai Group Buys Ping An Stake from HSBC for $9.38 Billion Dec 5, 2012 -- A conglomerate controlled by Thailand's richest man, Dhanin Chearavanont, has bought a minority stake in China's Ping An Insurance for ... Neace Lukens Acquires South Carolina's Gosnell Agency Dec 4, 2012 -- Neace Lukens, an AssuredPartners Inc. company, said it has completed the acquisition of Gosnell Insurance in Charleston, South Carolina. ... RLI Partners with Recreation Insurance Specialists to Underwrite RV Insurance Dec 3, 2012 -- Peoria, Ill.-based RLI Corp. announced a new partnership with Recreation Insurance Specialists (RIS), a specialty recreation vehicle (RV) ... White Mountains Completes Acquisitions of AIG, PICO Runoffs Dec 3, 2012 -- White Mountains Solutions Holding Co. Inc., a wholly owned subsidiary of White Mountains Insurance Group Ltd. and the group's specialist ... AIG Acquires The Hartford's Financial Advisory Group Woodbury Dec 3, 2012 -- American International Group Inc. has acquired broker-dealer Woodbury Financial Services Inc. from The Hartford. The companies signed ... Confie Seguros Buys Florida, Nevada Agencies Dec 3, 2012 -- Confie Seguros, a national provider of personal lines insurance focused on Hispanic consumers, has acquired four regional insurance ... Penn.-Based W.N. Tuscano Buys Special Risk Solutions From Utica Mutual Nov 30, 2012 -- W. N. Tuscano Agency, a wholesale broker located in Greensburg, Penn., acquired Special Risk Solutions Inc. (SRS), the brokerage division ... Willis North America to Acquire Canadian Benefits Broker Avalon Actuarial Nov 30, 2012 -- Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of ... Euler Hermes and MAPFRE Form 'Solunion'; a New Credit Insurance Venture Nov 30, 2012 -- Euler Hermes and MAPFRE jointly announced the launch of "Solunion"- the brand name of their new credit insurance joint venture in Spain ... Gone Fishin': California Agency Owner Sells to Specialize in Outfitters Nov 29, 2012 -- Trinity Insurance Services Inc. has been purchased by McNeil & Company Inc. Insurance Risk Services out of New York in a move that ... GMI in Pennsylvania Launches Norman Specialty Insurance Group Nov 29, 2012 -- GMI Insurance -- a Valley Forge, Penn.-based managing general agent for transportation insurance nationwide -- announced the launch of ... Firms Partner to Offer Entertainment Insurance in Louisiana, Gulf South Nov 29, 2012 -- New Orleans-based Maginnis Film & Entertainment Insurance Services LLC (MFEIS) and Reiff & Associates LLC announced a strategic ... Goverment Allows WellPoint Purchase of Amerigroup Nov 29, 2012 -- WellPoint Inc. can move forward with its $4.5 billion purchase of health insurance rival Amerigroup Corp after Amerigroup alleviated ... Flagstone Re Shareholders Approve Acquisition by Validus Nov 29, 2012 -- Bermuda-based Validus Holdings, Ltd. announced that the shareholders of Flagstone Reinsurance Holdings, S.A. approved all matters ... ProWriters Acquired; Opens as Independent Managing General Underwriter Nov 28, 2012 -- West Chester, Pa.-based ProWriters (www.prowritersins.com), formerly a professional liability division of Venture Insurance Programs, has ... Taiwan to Pay Life Insurer Transglobe $3 Billion in Record Bailout of Rival Nov 28, 2012 -- Taiwan's government will pay Transglobe Life Insurance T$88.4 billion ($3 billion) to take over ailing rival Kuo Hua Life after Transglobe ... SWBC Is New Agency of Record for Six Credit Unions Nov 26, 2012 -- San Antonio-based SWBC Insurance Partners announced it has been named by six credit unions as their new agency of record. SWBC ... Marsh Names Moylan to Lead Newly Launched Surety Practice Unit Nov 26, 2012 -- Marsh, the insurance broking division of N.Y.-headquartered Marsh & McLennan Cos., announced last week the launch of a global surety ... Northwest Savings Bank Acquires Bert Insurance Group of Pennsylvania Nov 26, 2012 -- Northwest Savings Bank agreed to acquire The Bert Insurance Group, an employee benefits and property/casualty insurance agency. The Bert ... ISU Network Adds Offices in Illinois, Nebraska Nov 21, 2012 -- San Francisco-based ISU Network announces two independent insurance agencies in the Midwest have joined the agency group. ISU ... AIG, Others to Take up Half of China PICC's $3.6 Billion Hong Kong IPO Nov 21, 2012 -- Chinese state-owned insurer PICC Group has secured pledges from American International Group (AIG) and other investors to buy about half of ... Endurance Acquires Galileo Weather Risk; Launches Global Weather Service Nov 21, 2012 -- Bermuda-based Endurance Specialty Holdings Ltd. announced that it has acquired the assets of Galileo Weather Risk Management, ... HSBC in Talks to Sell $9.3 Billion China Ping An Stake Nov 19, 2012 -- HSBC said it was in talks to sell its $9.3 billion stake in China's Ping An Insurance, stepping up a program by Europe's biggest bank to ... Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue December 17, 2012 New Players (New insurers, brokers and vendors that are less than 2 years old.); Buyers Guide 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 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. 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