US wholesale insurance broker AmWINS Group has completed the recapitalization with New Mountain Capital, a New York‐based private equity firm. AmWINS CEO Steven DeCarlo said the newly established partnership is an important next ...
Tags: wholesale insurance, AmWINS Group, recapitalization, equity firm
Privately owned insurance broker Lockton has established a joint venture with reinsurance broker, Security Re, in Ecuador, to strengthen its capability in the Latin American region. The new establishment will be branded as Lockton ...
Tags: Lockton, joint venture, Latin America, reinsurance, insurance
Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, has acquired Security Insurance Services for an undisclosed amount. According to the underwriter, acquisition of Security Insurance Services will enable it to expand ...
Tags: MMA, Marsh, Security Insurance Services, acquisition, insurance
US-based financial services company, CBIZ has completed acquisition of a Texas-based insurance broker Stoltz and Company, effective from 01 July 2012. The transaction is expected to amount to $3.2m in annualized revenue, along with 13 ...
Tags: CBIZ, acquisition, Stoltz and Company, transaction, insurance
Virginia-based insurance broker, The Hilb Group (THG) has completed the purchase of MDM Covenant Insurance (MDM), a Brentwood-based insurance brokerage firm. Founded by Chris Meadows in 2008, MDM serves quick serve restaurant (QSR) ...
Tags: The Hilb Group, purchase, MDM Covenant Insurance, insurance brokerage
Doncaster-based provider of outsourced services, Direct Group has completed acquisition of Simple Insurance from Leeds-based UK General for an undisclosed amount. Direct Group chief executive Derek Coles said the company offers a range of ...
Tags: Direct Group, acquisition, Simple Insurance, insurance company
Arthur J Gallagher & Co has acquired Grace/Mayer Insurance Agency in Omaha, Nebraska for an undisclosed sum. Grace/Mayer Insurance Agency trades as a retail insurance broker which offers property/casualty, employee benefits and risk ...
Tags: Arthur J Gallaghe, Grace/Mayer Insurance Agency, undisclosed sum
Keystone Insurers, a property and casualty insurance broker, has announced that Tennessee based agency Hollis & Burns has joined the firm as its 16th franchise partner in the state. Commenting on the appointment as the new franchise of ...
Tags: Keystone Insurers, Hollis and Burns, franchise partner, insurance
Insurance broker Bolton & Company has acquired US based independent insurance agency Reaume Financial Group. Reaume Financial, founded in 1982, provides employee benefit services in southern California. As part of the deal, Reaume ...
Tags: Reaume Financial Group, Bolton, takeover, insurance
Insurance broker Britton Gallagher & Associates has acquired Beckman Insurance Agency as part of its growth plan in the amusement industry. Through the transition period, the business will continue to operate under the name Beckman ...
Tags: Britton Gallagher, insurance broker, insurance agency, insurance
As the remnants of Superstorm Sandy continue to make life difficult from Nova Scotia to North Carolina to Wisconsin, millions who bore the brunt of the storm are now working to assess the damage and begin the hard work of rebuilding. As ...
Tags: Superstorm Sandy, economic damage, ALAN, supply chain
AllianceBernstein, an investment management firm has appointed Andrew C Terry as senior client advisor to its insurance services team, who will assist in delivering tailored solutions to meet clients' unique investment needs. According to ...
When the Financial Services Authority(FSA)introduces new rules,companies under its jurisdiction often have to invest in IT to enable them to adhere to the new guidelines. Because data is so important in finance companies,regulations ...
Tags: cloud-based, software, IT, guideline
Insurance broker Brightside has formed a partnership with the high street retailer Debenhams to introduce a new car insurance product. The product will be available through the retailer's website and its UK-based call centres. ...
Tags: insurance, car insurance, insurance broker, insurance products