The Bermuda-based Armour Group announced that an affiliate has completed a majority investment in Armour Intelligence Limited, a UK-based service, created by its founder and CEO, former Brigadier David Montgomery, to specialize in the detection and deterrence of fraudulent activity. …
OneBeacon, Markel Corp. Bermuda-domiciled OneBeacon Insurance Group Ltd. is selling its Essentia Insurance Co. unit to Glen Allen, Va.-headquartered Markel Corp. Essentia focuses on the collector car and boat business that the company writes through Traverse City, Mich.-based Hagerty Insurance …
Cooper Gay Swett & Crawford Cooper Gay Swett & Crawford (CGSC) has agreed terms with Lightyear Capital LLC and institutional co-investors for a substantial investment into the CGSC Group. The investor will own 55 percent of CGSC following the purchase …
Mission Select Insurance Services A new managing general agency — Mission Select Insurance Services LLC — has been formed in Texas with a focus on residential property. Mission Select, based in Argyle, was formed with the backing of San Diego, …
TWFG Texas-based The Woodlands Financial Group (TWFG) announced a substantial expansion of its network, adding new branches in multiple states, from California to Virginia. Many of the new branch managers are former “captive agents,” who are joining TWFG as a …
MJ Insurance, Mead & Company Property/casualty and employee benefits agency, MJ Insurance, has acquired Indianapolis-based Mead & Company. Mead & Company is a multi-generational family business operated by the Mead family and founded in the 1860s. The firm began as …
Bollinger, The Morville Agency Short Hills, N.J.-based insurance brokerage Bollinger Inc. has acquired The Morville Agency of Newton, N.J. The Morville Agency specializes in insuring New Jersey public entities. The agency’s owner George Morville joins Bollinger as senior vice president …
Pan Asian insurer AIA Group Ltd has agreed to buy ING’s Malaysian insurance operations for $1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off Asian assets. The sale of …
Barclays’ new chief executive set the course firmly towards retail banking on Tuesday with his first deal since replacing Bob Diamond – the takeover of ING’s British savings and loan business and its 1.5 million customers. Antony Jenkins, previously head …
With a $4.9 billion takeover of Brazil’s biggest healthcare provider, UnitedHealth Group appears to have snatched the crown jewel in a market with plenty of promise but formidable barriers to entry for any foreign rivals looking to follow suit. UnitedHealth’s …
