R-T Specialty, Maclean, Oddy & Associates
R-T Specialty LLC, the wholesale broker of Ryan Specialty Group LLC, has acquired Texas-based insurance wholesale firm Maclean, Oddy & Associates Inc. (MOA). MOA is a specialist broker for unusual property/casualty risks with a focus on environmental coverages. It has offices in Dallas and Houston.
In an announcement released by his company, RT Specialty President and CEO Timothy W. Turner said, “MOA’s focus on unusual risks is a perfect fit for RT Specialty. With its addition to our team, we will be able to provide clients additional resources and strengthen our presence in Texas.”
R-T Specialty is a subsidiary of Chicago-based Ryan Specialty Group LLC.
Shofner, Lynch & Shulse, MHBT
Dallas-based McQueary Henry Bowles Troy (MHBT) and Shofner, Lynch & Shulse LLC (SLS) announced that the SLS Lubbock office joined MHBT effective Jan. 1, 2012.
The merger offers MHBT a long-sought-after West Texas presence and provides SLS with increased access to insurance carriers, resources and an expanded reach into the employee benefits arena.
SLS will continue to operate under its name, and all current employees of the SLS Lubbock office will become part of MHBT.
The Shofner, Lynch, & Shulse agency is the culmination of a merger between two agencies. It consists of Shofner & Associates Insurance, located in Lubbock, Texas, and Lynch & Shulse Insurance & Bonds in Alamogordo, N.M. Shofner Insurance was founded in 1966 and Lynch & Shulse has roots dating back to 1913.
MHBT is based in Dallas with offices in Fort Worth and Austin, Texas. MHBT is ranked as one of the largest privately owned insurance brokers in the nation and serves a global, national and local client base.
Pioneer General, American Contractors Indemnity Co.
Houston-based HCC Insurance Holdings Inc. announced the merger of Pioneer General Insurance Co. (PGIC) with and into American Contractors Indemnity Co. (ACIC), both of which are wholly owned subsidiaries of HCC.
The merger was effective Dec. 31, 2011, and all of the business of PGIC has been transitioned to ACIC.
HCC Insurance Holdings Inc. is a specialty insurance group with offices across the United States and in the United Kingdom, Spain and Ireland. As of Sept.30, 2011, HCC had assets of $9.6 billion and shareholders’ equity of $3.3 billion.
Topics Texas
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