Business Moves

Business Moves – Midwest

Genstar Capital, Acrisure San Francisco-based private equity firm Genstar Capital LLC has acquired Acrisure, a large retail insurance brokerage headquartered in Grand Rapids, Mich. Acrisure’s product lines include property and casualty, employee benefits and related third party administrator services, human …

Crawford & Co. to Acquire Majority of UK-based Lloyd Warwick International

Crawford & Co., the Atlanta-based independent provider of claims management solutions, has agreed to terms to acquire a majority interest in Lloyd Warwick International Limited (LWI). LWI is a specialist loss consulting company, based in London, which offers onshore and …

Sources: Spain’s Bankinter, Apollo Global Team up to Bid for Generali’s BSI Bank

Spain’s Bankinter has joined forces with U.S. investment fund Apollo Global Management to bid for Italian insurer Generali’s Swiss private bank BSI in a deal worth up to €2 billion ($2.6 billion), three people with knowledge of the matter said …

Amlin to Acquire P&I MGA RaetsMarine

The UK’s Amlin plc announced it has entered into an agreement to acquire RaetsMarine, a managing general agent it said is ranked in the top three global providers of fixed premium marine liability protection and indemnity (P&I) business. The consideration …

Markel and Alterra Shareholders Approve Acquisition

Markel Corp. and Bermuda-based Alterra Capital Holdings Limited shareholders have voted in favor of all proposals necessary for the acquisition of Alterra by Markel, as announced in December 2012. Under the terms of the merger agreement, each Alterra common share …

Business Moves – West

Shea, Leavitt Shea Insurance in Las Vegas, Nev. has been acquired by the Leavitt Group. Terms of the deal were not made available. With the acquisition Scott Villamor, who owned Shea Insurance, joins Leavitt Group’s Las Vegas benefits office. Jeff …

Business Moves – Southeast

Swett, Southern Hospitality In an expansion of its specialized program business, Swett & Crawford has acquired the assets of Griffin, Georgia -based Southern Hospitality Underwriters Inc. (SHU), a regional firm specializing in the limited service hotel/motel space. SHU, founded in …

Business Moves – Midwest

Johnson McCann, C.O. Brown, Apollo Insurance Agency Three Minnesota insurance agencies — Johnson McCann of St. Paul, C.O. Brown of Rochester and the Apollo Insurance Agency of St. Cloud — have joined forces to become the second largest private insurance …

Business Moves – South Central

Monster Insurance, OneBeacon Insurance MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, announced that MarketScout subsidiary, Monster Insurance, entered into an agreement with OneBeacon Insurance Co. over renewal rights to OneBeacon’s energy book of business. Monster …

AIG to Purchase Outstanding Interest in AIG Israel

American International Group announced that it has reached an agreement with Aurec Gold Investments Limited to acquire Aurec’s 49.99 percent interest in AIG Israel Insurance Company Ltd. AIG currently owns 50.01 percent of AIG Israel, and upon completion of the …

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