Business Moves & Mergers of Special Note
Applied Systems Acquired by Hellman & Friedman from Bain Capital for $1.8BNov 26, 2013 -- Applied Systems Inc., a leading insurance software provider, said it has agreed to be acquired by investment funds advised by private ... | |
AIG to Open $5.5M Tech Center, Bring 230 New Jobs to Charlotte, N.C.Dec 11, 2013 -- North Carolina officials announced American International Group will invest more than $5.5 million to establish a technology center in ... | |
AmWINS to Acquire Bliss & Glennon and eReinsure from FortegraDec 3, 2013 -- North Carolina-based insurance wholesaler AmWINS Group Inc. has agreed to a deal with Fortegra Financial Corp. to acquire both Bliss & ... |
Business Moves & Mergers
United Property & Casualty Approved to Write in Georgia
Dec 20, 2013 -- The Georgia Department of Insurance has approved United Property & Casualty Insurance Co. (UPC) to write property/casualty insurance in ...
Liberty Mutual Group to Buy Rest of Irish Unit from IBRC
Dec 19, 2013 -- Liberty Mutual Group Inc. said it will buy the 49 percent stake in the former Quinn Insurance Ltd. in Ireland that it doesn't already own ...
Sompo Japan to Buy UK Insurer Canopius in Overseas Expansion Drive
Dec 18, 2013 -- Sompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, confirmed earlier reports that it ...
AIG to Sell Aircraft Leasing Unit ILFC for $5 Billion
Dec 16, 2013 -- American International Group Inc. agreed to sell the world's second-largest aircraft lessor to AerCap Holdings NV for $5 billion after a ...
IAG to Buy Wesfarmers Insurance Business for A$1.85 Billion
Dec 16, 2013 -- Insurance Australia Group Ltd. agreed to buy Wesfarmers Ltd.'s insurance underwriting businesses in Australia and New Zealand for A$1.85 ...
Sompo Japan Considers Acquisition of U.K.'s Canopius Group
Dec 16, 2013 -- Sompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, is considering buying the U.K.'s ...
AIG in Talks to Sell Aircraft Leasing Unit ILFS to AerCap
Dec 13, 2013 -- Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, according to reports. ...
USI Completes Acquisition of Van Gilder in Colorado
Dec 10, 2013 -- USI Insurance Services officially closed its previously announced acquisition of Van Gilder Insurance Corp. Terms of the deal were not ...
Former Marsh CEO Duperreault in Group Buying SAC Capital Reinsurance Unit
Dec 10, 2013 -- Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm ...
Title Insurer Fidelity National Weighs Selling Assets
Dec 10, 2013 -- Fidelity National Financial Inc., the title insurer that also has restaurant businesses and an auto parts company, hired JPMorgan Chase ...
SAC Capital's Reinsurer to Be Sold to Investor Group Headed by Duperreault
Dec 10, 2013 -- Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm ...
ANV, Ryan Specialty Complete Managing Agency Combination
Dec 9, 2013 -- ANV Holdings BV, the Dutch-headquartered specialty insurance business founded by CEO R. Matthew Fairfield, and Ryan Specialty Group, LLC ...
IAG Said to Consider Bidding for Wesfarmers Insurance Unit
Dec 6, 2013 -- Insurance Australia Group Ltd., the nation's biggest car and home insurer, is studying a bid for Wesfarmers Ltd.'s insurance unit, ...
Imperial Management Corp. Completes National Automotive Insurance Co. Acquisition
Dec 4, 2013 -- Louisiana-based, Imperial Management Corp. (IMC), and Southport Lane LP announced that IMC has obtained all required regulatory approvals ...
JLT Towner Acquires Charter Risk Management Services in Connecticut
Dec 3, 2013 -- JLT Towner Insurance Management (USA), LLC, announced its acquisition of Charter Risk Management Services, LLC, a Connecticut captive ...
USI Insurance Acquires Van Gilder in Colorado
Dec 3, 2013 -- Valhalla, N.Y.-based USI Insurance Services has entered into an agreement to acquire Van Gilder Insurance Corp. in Denver, Colo. This deal ...
TWFG Acquires Ward Business Insurance
Dec 3, 2013 -- The Woodlands, Texas-based TWFG has acquired Ward Business Insurance, located in the Kingwood/Humble, Texas area. TWFG's proprietary ...
IBTX Risk Services, Insphere Global Partners and HR Benefits to Merge
Dec 3, 2013 -- IBTX Risk Services, Insphere Global Partners and HR Benefits (formerly member companies of Independent Insurance Group), all based in ...
Marsh & McLennan Agency Acquires Michigan's Cambridge Property & Casualty
Dec 3, 2013 -- Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Cambridge Property & ...
AmWINS to Acquire Bliss & Glennon in California from Fortegra
Dec 3, 2013 -- AmWINS Group Inc. has reached a definitive agreement with Fortegra Financial Corp. to acquire Bliss & Glennon, an excess and surplus ...
Safe Harbor Benefits Navigates to Higginbotham
Nov 27, 2013 -- Independent insurance broker Safe Harbor Benefits, located in Arlington, Texas, has merged with Fort Worth-based Higginbotham, the ...
20 Dec, 2013
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Source: http://insurancereviewinfo.blogspot.com/2013/12/insurance-mergers-moves-friday-december_20.html
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