March 5, 2012
American Westbrook Insurance Westchester, Ill.-based American Westbrook Insurance has launched a national private health insurance exchange. The individual insurance exchange serves members in more than 40 states and offers products and services from more than 15 insurance companies, the company …
February 27, 2012
Willis Europe BV, a subsidiary of global insurance broker, Willis Group Holdings plc, and Peruvian financial services group Credicorp Ltd, announced that, on February 24, 2012, Grupo Credito, a subsidiary of Credicorp, acquired 49.9 percent of the shares in Willis …
February 23, 2012
A new London-based broker, Q360, has been launched with Tawa providing the capital backing. Q360 Ltd will initially operate within the business sectors of onshore energy, property, binding authorities, professional indemnity and non-recourse finance construction. The new wholesale firm will …
February 23, 2012
The battle for control of Italian insurer Fondiaria-SAI heated up on Wednesday when two private equity funds tabled a rival offer to one brokered by top investment bank Mediobanca to rescue the troubled insurer by merging it with peer Unipol. …
February 21, 2012
Rating agency A.M. Best’s London office said it has obtained the necessary approvals to establish a branch operation in the Dubai International Financial Center in Dubai, UAE. The new office will serve Middle East-North Africa, South and Central Asia. The …
February 20, 2012
TDECU, Assurance Insurance, Burridge Insurance TDECU Insurance Agency LLC has acquired two independent insurance agencies: Assurance Insurance Agency Inc. (Assurance) based in Bellville, Texas, and Burridge Insurance Agency Inc. (Burridge) based in Angleton, Texas. These agency acquisitions are on the …
February 20, 2012
Arthur J. Gallagher, ProSource Financial Arthur J. Gallagher & Co. has acquired ProSource Financial LLC in Westchester, Ill. Terms of the transaction were not disclosed. Founded in 1986, ProSource Financial LLC is an employee benefit insurance broker that offers a …
February 20, 2012
BB&T, Crump Group North Carolina-based BB&T Corp. is buying the P/C and life insurance units of Roseland, N.J. – based insurance wholesaler Crump Group. BB&T is paying $570 million in cash for Crump P/C Insurance Services and Crump Life Insurance …
February 20, 2012
BB&T Corp, Crump North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. BB&T said it will pay $570 million in cash for Crump Property/Casualty Insurance Services and Crump Life …
February 20, 2012
ISU Network The San Francisco, Calif.-based ISU Network had expansions in four states, Utah, North Carolina, Maryland and North Dakota. Three Utah agencies have joined ISU Network. ISU Service Insurance Agency in Roosevelt, and ISU Rocky Mountain Insurance Services in …