Tower Group announced that it has committed to invest $75 million (based on the current exchange rate) in Canopius Group, Ltd., a privately owned Lloyd’s insurance holding company domiciled in Guernsey, Channel Islands. “Canopius’ principal business is insurance and reinsurance …
Lloyds of London insurer Canopius said it has agreed to buy rival Lloyd’s insurer Omega after raising its offer to £164 million ($265.6 million) in a recommended cash deal. Canopius said on Wednesday it will pay 67 pence [$1.085] per …
Privately held insurance broker Lockton announced that it will open two new offices in Australia, establishing a new insurance brokerage, Lockton Australia Pty Ltd, with locations in Perth and Sydney. “Adding Lockton operations in Australia is another important step in …
Swiss Re and its private equity partners Apax and PAI are in pole position to acquire Groupama’s GAN Eurocourtage [brokerage] unit for about €600 million ($793.2 million), people familiar with the situation said. The Swiss reinsurance group teamed up with …
The Catlin Group Limited announced that it has been granted approval by the China Insurance Regulatory Commission [CIRC] to open and operate a wholly owned representative office in Beijing. The office will be headed by Chief Representative Freeman Zhang. The …
Peachtree, Personable Holdings A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity firm looking to enter the non-standard market. Peachtree Casualty Insurance Co. is licensed to market …
The Hanover The Hanover Insurance Group Inc. is launching a second region in the Western U.S. A newly created Pacific region will be led by David Kuhn, who has joined Hanover as regional president. This new territory includes branch offices …
Peachtree, Personable Holdings A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity firm looking to enter the non-standard market. Peachtree Casualty Insurance Co. is licensed to market …
Louisiana Agency Partners, The Kirksey Agency Louisiana Agency Partners (LAP) announced that The Kirksey Agency in West Monroe, La., has become the 12th member agency of the Louisiana-based network of independent insurance agencies. According to Joe Cunningham Jr., the managing …
BB&T Corp., Crump Group BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., completed its previously announced acquisition of insurance businesses from Crump Group, a Roseland, N.J.- based insurance wholesaler. BB&T said the deal creates the …
