Willis Group Holdings announced that its US facultative arm, Willis Facultative North America, has joined together with its global facultative operation, Faber Global. “The addition of Willis Facultative North America to the Faber Global team will link expertise in the …
Brown & Brown, The Wright Group Daytona Beach, Fla.-based national insurance broker Brown & Brown Inc. is acquiring for $602.5 million The Wright Insurance Group LLC from Aquiline Capital Partners, Wright’s lead equity partner. The Wright Insurance Group (TWIG), with …
Jardine Lloyd Thompson Group announced that its Asia business has acquired Hong Kong-based Lambert Brothers Holdings Limited (LBH). The bulletin noted that “LBH has been an independent insurance and employee benefits broker since leaving the Heath Lambert Group in 2007 …
Castel Underwriting Agencies Limited, a member of the Barbican Insurance Group, announced that Altitude Risk Partners has become the first underwriting cell to utilize its “club-style” MGA platform to create a dynamic aerospace underwriting business. “Launched in London with capacity …
Assicurazioni Generali SpA, Europe’s third-largest insurer, will sell Swiss asset-management unit BSI Group as part of its disposal plan to boost capital. “We will sell BSI for sure, we have plenty of time because our strategy goes to 2015,” Chief …
Brown & Brown, ICA Brown & Brown Inc. has acquired certain assets of insurance claims adjusting firm ICA Inc., based in Charlotte, N.C. Terms were not disclosed. With annualized net revenues of approximately $13.2 million, ICA provides insurance claims adjusting …
China’s Fosun International Ltd. bought 80 percent of Portugal’s Caixa Geral de Depositos SA’s insurance unit for €1 billion ($1.36 billion), beating out U.S. buyout firm Apollo Management International LLP. Fosun International will buy the stake in the insurer with …
Nationale Suisse announced that its new Singapore branch has received a license from the local authorities allowing it to insure risks directly and to offer facultative reinsurance in Singapore and other Asian markets. The branch office of the Basel-based parent …
Willis Group Holdings announced that it has agreed to acquire Charles Monat Limited, a life insurance solutions adviser to high net worth clients. Willis said: “Charles Monat Limited has placed over US$13 billion in coverage since it was founded in …
Marsh Inc. (UK) announced that it had reached a definitive agreement to acquire Aberdeen-based Central Insurance Services, the leading independent insurance broker in Scotland. The transaction is anticipated to close later in the first quarter of 2014. Marsh said it …
