“Broker only” commercial underwriting specialist Evolution Underwriting announced that it has “entered into an exclusive underwriting and distribution partnership with the Beazley Group. Under the terms of the deal Evolution has been appointed to manage and develop Beazley’s professional indemnity …
Arthur J. Gallagher & Co. announced that it has acquired a 78.5 percent interest in Insurance Dialogue Limited (IDL) of Bournemouth, England. Terms of the transaction were not disclosed. Gallagher explained that IDL, trading under the brand Insure4Retirement, “is a …
A.M. Best Co. announced that it has opened an office in Miami, Florida to serve the growing market for insurance ratings in the Latin American region. Rating analytics for Latin American companies will continue to be performed by teams based …
Arthur J. Gallagher, Bessleman & Little Arthur J. Gallagher & Co. has acquired Besselman & Little Agency of Baton Rouge, La. Founded in 1986, Besselman & Little Agency offers a wide range of employee benefit consultation and insurance brokerage services …
Worldwide Facilities, Privett Worldwide Facilities, a Los Angeles-based independent surplus-lines broker and managing general agency, acquired assets of Privett Special Risk Services, a New York City-based wholesaler. Privett Special Risk Services was founded in 1997 by Don Privett. The firm’s …
AmWINS, New Mountain Capital Wholesale insurance broker AmWINS Group Inc. announced today that its management and employee shareholders have agreed on a $1.3 billion recapitalization with private equity firm New Mountain Capital of New York. Other terms of the transaction …
SIAA Hampton, N.H.-based Strategic Insurance Agency Alliance has signed nine new members in the Western United States. The new members include: Farling Insurance Agency of Litchfield Park, Ariz. Baldrica & Company of Colorado Springs, Colo. Galli Insurance Agency of Jackson, …
NFP, Ameribonds Surety & Insurance National Financial Partners Corp. subsidiary, NFP Property and Casualty Services Inc. (NFP P&C), acquired Illinois-based Ameribonds Surety & Insurance Services (Ameribonds Surety), effective April 2, 2012. Ameribonds Surety is a surety and insurance services business …
Insurance broker Lockton announced that it has acquired the minority stake in its operations outside the U.S. held by Trident III, L.P., an investment fund managed by Stone Point Capital LLC of Greenwich, Connecticut. The bulletin explained that Stone Point …
CNA Financial Corporation announced that Hardy Underwriting Bermuda Limited shareholders have voted to approve CNA’s proposed acquisition of Hardy, announced in March. The acquisition is expected to close by the end of the second quarter, subject to regulatory approvals. CNA …
