Friday 23 August 2013

Insurance Mergers & Moves: Friday, August 23, 2013

Insurance Mergers & Moves
August 23, 2013
Business Moves & Mergers of Special Note

Markel Ventures Acquires Eagle Construction in Virginia

Aug 16, 2013 -- Markel Ventures Inc. and Eagle Construction of VA LLC announced that Markel has acquired Eagle Construction and its affiliated entities. ...

Arthur J. Gallagher Acquires Broker Bollinger

Aug 13, 2013 -- Insurance broker Arthur J. Gallagher & Co. has acquired insurance broker Bollinger Inc., headquartered in Short Hills, New Jersey, for ...

Insurance Broker Hub Intl. Acquired by Funds Manager in Deal Valued at $4.4 Billion

Aug 5, 2013 -- Global insurance broker Hub International Limited (Hub), said it has agreed to be acquired by funds advised by Hellman & Friedman LLC. ...

Kaufman Financial Group Acquires ISI Insurance Services in Pennsylvania

Aug 13, 2013 -- The H.W. Kaufman Financial Group announced the acquisition of ISI Insurance Services, a Uniontown, Penn.-based provider of premium audits, ...
Webinar #2: Key ISO 2013 Commercial General Liability Changes - from Academy of Insurance
Business Moves & Mergers

MSW Restructures as Specialty Insurance Intermediary

Aug 22, 2013 -- MarketScout Corp., an insurance distribution and underwriting company headquartered in Dallas, announced it has acquired 100 percent of the ...

Insurance Processing Center Bringing 600 New Jobs to Missouri

Aug 22, 2013 -- President Barack Obama's health care reform is unpopular in parts of Missouri, but it is bringing 600 new jobs to the state. The St. Louis ...

White Mountains Offers $308 Million for IDB Stake in Clal

Aug 22, 2013 -- White Mountains Insurance Group Ltd. offered to pay 1.1 billion shekels ($308 million) for IDB Development Corp.'s 55 percent interest in ...

North Carolina's ECM Solutions Acquires Ferguson Agency

Aug 21, 2013 -- ECM Solutions of Charlotte, North Carolina, which sells commercial and personal insurance along with risk management services, has acquired ...

Fidelis Group Holdings Names 2 Managing Directors for New Inland Marine Unit in N.Y.

Aug 19, 2013 -- Fidelis Group Holdings LLC, through its subsidiary company Continental Underwriters Ltd., announced the formation of its new inland marine ...

Iowa Insurance Regulator Approves Aviva Acquisition

Aug 19, 2013 -- Iowa's insurance regulator has approved the acquisition of West Des Moines-based AvivaUSA and subsidiaries by Athene Holding Ltd., a life ...

Applied Systems Acquires Insurecom in U.K.

Aug 14, 2013 -- University Park, Ill.-based insurance software provider Applied Systems Inc. has acquired Insurecom, a software and connectivity solutions ...

North American Insurance Alliance Appoints VP, Expands in Vermont

Aug 12, 2013 -- North American Insurance Alliance, an agency aggregator group based in Maine, appointed Debora Hillier as vice president of business ...

Fairfax Increases Offer to Buy American Safety to $30.25 Per Share

Aug 9, 2013 -- Bermuda-based American Safety Insurance Holdings, Ltd. announced that Fairfax Financial Holdings Limited has increased its offer to ...

IRMI Acquires Agribusiness and Farm Certification from IIABCal

Aug 8, 2013 -- International Risk Management Institute Inc. has entered into an agreement with the Independent Insurance Agents & Brokers of ...

EPIC Acquires SafeHarbor Risk Management, Expands in East Coast

Aug 7, 2013 -- EPIC, a San Mateo, Calif.-based retail property/casualty insurance brokerage and employee benefits consultant, acquired SafeHarbor Risk ...

Hub International in Chicago Passes from One Owner to Another

Aug 7, 2013 -- Ownership of the insurance broker Hub International is being passed from one private equity firm to another. Funds advised by Hellman & ...

Kentucky's Harbor Insurance Joins Keystone Insurers Group

Aug 6, 2013 -- Harbor Insurance Agency has become Keystone Insurers Group's newest franchise partner in Kentucky. The announcement was made jointly by ...

Downgraded Meadowbrook Signs Deal with State National for 'A'- Rated Policies

Aug 5, 2013 -- After A.M. Best downgraded the financial strength ratings of the insurance operations of Meadowbrook Insurance Group on Friday, the insurer ...

Confie Seguros Acquires Florida's Economy Insurance Mart

Aug 5, 2013 -- Growing personal lines agency Confie Seguros has acquired Economy Insurance Mart of Spring Hill, Fla., which sells auto, home and small ...

SIAA Grows by Five Agencies in West July

Aug 2, 2013 -- The Strategic Insurance Agency Alliance announced it signed signing of 20 new member agencies during the month of July, five of which were ...

Fairfax Provides American Safety with Waiver under Merger Agreement

Aug 1, 2013 -- Bermuda-based American Safety Insurance Holdings, Ltd. announced that Fairfax Financial Holdings Limited has provided the company "with a ...

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