Willis, Ireland Willis Group Holdings Limited wants to change the company’s place of incorporation from Bermuda to Ireland. Shareholders will vote on the measure at a meeting in three or four months. The change also requires the approval of the …
Fairfax/Odyssey Re Fairfax Financial Holdings Ltd. will sell $1 billion in stock to fund the purchase of the shares of Odyssey Re Holdings Corp. that it does not already own. Fairfax reduced its stake in the reinsurer a few years …
State Auto, NuGrowth Columbus, Ohio-based super regional insurer, State Auto Financial Corporation, is selling its Strategic Insurance Software (SIS) subsidiary to NuGrowth Solutions, a software sales and development company also headquartered in Columbus. SIS was founded in 1995 with the …
AmWINS/Managing Agency Charlotte, North Carolina-based national wholesale insurance broker AmWINS Group, Inc. has acquired The Managing Agency Group- Employee Benefits, a division of insurance broker Willis HRH. MAG-EB is a wholesale broker of employee benefit plans for small and mid-sized …
Fairfax/Odyssey Re Fairfax Financial Holdings Ltd. will sell $1 billion in stock to fund the purchase of the shares of Odyssey Re Holdings Corp. that it does not already own. Fairfax reduced its stake in the reinsurer a few years …
Gallagher/Gresham National insurance brokerage Arthur J. Gallagher & Co. has acquired two New England offices of Atlanta-based Gresham & Associates Inc. for an undisclosed sum. The offices — which are in Portland, Maine and Cranston, Rhode Island — are managing …
Grain Dealers/Main Street Grain Dealers Mutual Insurance Co., an Indiana-domiciled regional property/casualty insurance company, will become an affiliate of Florida-based Main Street America if approved by the Indiana Department of Insurance. Financial terms were not disclosed. Grain Dealers Mutual operates …
AmTrust, Swiss Re’s CyberComp New York-based specialty property/casualty insurer AmTrust Financial Services, Inc. has agreed to acquire CyberComp, the Internet-based workers’ compensation business unit of Swiss Re, in a renewal rights transaction. CyberComp serves small to medium-sized employers in 26 …
SureTec Houston, Texas-based SureTec Insurance Co. announced that Greg Faulx has joined the company as vice president and will head its new regional office in Denver. Faulx was a key member of the original management team that formed Universal Surety …
Met Life MetLife Inc. is combining its institutional and individual businesses, as well as its auto and home insurance unit, into a single U.S. business organization. William J. Mullaney, who has served as president of MetLife’s Institutional Business since January …
