Friday 26 July 2013

Insurance Mergers & Moves: Friday, July 26, 2013

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Insurance Mergers & Moves
July 26, 2013
Business Moves & Mergers of Special Note

Allstate Selling Life Business to London Group

Jul 18, 2013 -- Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by ...

USI Insurance Services Acquires Cohen-Seltzer Agency in Pennsylvania

Jul 17, 2013 -- USI Insurance Services said it completed its acquisition of Cohen-Seltzer Inc., in Fort Washington, Penn. Terms of the transaction were not ...

Leavitt Group to Buy United Valley; a Collective 150 Agencies in West

Jul 12, 2013 -- United Valley Insurance Services and Leavitt Group Enterprises have agreed to a merger, giving the two firms a collective 150 insurance ...
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Business Moves & Mergers

XL and Stone Point Form New Bermuda Company for ILS Market Products

Jul 26, 2013 -- XL Group and private equity firm Stone Point Capital LLC have announced the formation of a new Bermuda-based company to act as an ...

Canada Insurer Industrial Alliance Targets C$500 Million Deal for Asset Manager

Jul 24, 2013 -- Industrial Alliance Insurance and Financial Services Inc., the best-performing Canadian insurer in the past year, plans to acquire a money ...

Pennsylvania Agency Hart, McConahy & Martz Joins Keystone Insurers Group

Jul 22, 2013 -- Keystone Insurers Group has added Erie, Penn.-based agency Hart, McConahy & Martz as a new franchise partner. Established in 1872, Hart, ...

Va.-Based Andrew Agency Acquires Samuel D. Baughman Insurance Agency

Jul 19, 2013 -- The Andrew Agency, an independent insurance agency based in Richmond, Va., announced its acquisition of Samuel D. Baughman Insurance ...

Hargrove Tapped to Lead New Dallas Branch for All Risks Ltd.

Jul 18, 2013 -- Independent insurance wholesaler, All Risks Ltd., announced that Glenn Hargrove and several production teams have joined its organization ...

Oklahoma's Gooszen & Associates Joins SIAA

Jul 17, 2013 -- The Strategic Insurance Agency Alliance (SIAA) announced it signed a new member agency based in Oklahoma during the month of June. Gooszen ...

SIAA Signs 11 Midwest Agencies in June

Jul 16, 2013 -- The Strategic Insurance Agency Alliance (SIAA) announced that among the 25 new member agencies that signed with the group during June, 11 ...

Georgia's Ink Underwriting Acquires California's Pioneer Programs

Jul 16, 2013 -- Newly-formed Ink Underwriting in Kennesaw, Georgia, said it has acquired Pioneer Programs Insurance Solutions, a Pasadena, California-based ...

Reinsurance Brokers Holborn, Lehrke Merge

Jul 15, 2013 -- Reinsurance brokers Holborn Corp. of New York and W.J. Lehrke Co. of Edina, Minnesota, have agreed to merge. Details were not disclosed. ...

Regions Insurance Opens First South Carolina Office; Norris to Head

Jul 15, 2013 -- Regions Insurance has established an office in Columbia, S.C. and hired insurance executive Frank Norris to lead the office, its first in ...

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