Brower Insurance, Consolidated Insurance
Taking the last step to finalize its merger three years ago with Brower Insurance Agency LLC, Consolidated Insurance of Springfield, Ohio, now operates under the Brower name. The two agencies merged in December 2008.
The name change correlates to a broader branding initiative to refresh the Brower identity and to create awareness in the regional marketplace.
Although its signage will change, the agency will maintain its Springfield location where it plans to expand its workforce in 2012 to support increased volume of business following the merger.
Now principals at Brower, longtime agency owners Andy Bell, Doug Paugh and Hal Goodrich, will continue to work from the North Limestone Street location in Springfield.
Founded in 1935, Brower Insurance Agency LLC is a member of the Assurex Global Network. It has offices in Dayton, Cincinnati, Columbus and Springfield, Ohio.
Swett & Crawford, The ABC Program
Wholesale insurance intermediary, Swett & Crawford, has acquired The ABC Program, an underwriting facility based in St. Louis, Mo., from AHM Financial Group LLC.
The ABC (Aviation Based Coverage) Program delivers a comprehensive offering of property and casualty insurance including airport property, automobile, inland marine and other related coverages geared to retail brokers specializing in aviation.
The transaction was completed on Jan. 4, 2012.
The ABC Program will operate as The ABC Program, a division of Swett & Crawford. Beckie Rodriguez will continue as program manager for The ABC Program.
Ascension Insurance, Falcone Williams
Ascension Insurance is expanding in North Carolina with its third agency acquisition in the state in the past three years.
Ascension’s most recent acquisition is Falcone Williams Insurance, located in Huntersville, N.C. Falcone Williams provides business and personal lines insurance, and has offices in Charlotte, Shelby, Greensboro and Raleigh, N.C.
The Kansas City, Mo.-based Ascension Insurance Inc. has 440 employees in 35 locations nationwide. With its equity partners, Parthenon Capital and Central and Century Capital Management, Ascension said it expects to produce $200 million in revenue over the next four years. Previously, Ascension acquired Providence Insurance Agency of Charlotte and Raleigh in 2010, and Commercial Insurance Group of Charlotte in 2009.
MMIC RRG
Minneapolis, Minn.-based medical liability insurer MMIC Group Inc. (MMIC) has formed a risk retention group — MMIC RRG Inc. — to meet the evolving medical liability needs of physician groups, clinics or hospitals based in MMIC’s eight-state core territory that may employ professionals in other states.
MMIC currently is offering the RRG option to accounts headquartered in the eight Midwestern states where it is currently licensed and actively writing new business: Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Nebraska, Kansas and Missouri.
In addition to its eight core states, MMIC is licensed and admitted to do business in six other states. The RRG enables the company to underwrite business in states where it is not licensed and admitted, subject to a registration to do business in those states.
MMIC is in the process of registering the RRG in several states, and will do so in the future based on policyholder needs.
Medical Protective, Princeton Ins.
Medical Protective Co. (MedPro), a medical professional liability insurance unit of Berkshire Hathaway, completed its acquisition of Princeton Insurance Co., a New Jersey-based professional liability insurer for healthcare providers. Princeton Insurance’s principal operations remain in New Jersey and Charles Lefevre remains as president.
MedPro was acquired by Berkshire Hathaway in 2005.
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