American International Group Chairman Steve Miller said on Thursday the bailed-out insurance company may eventually want to buy a life insurer outside the United States, including possibly a larger stake in the spun-off Asian unit AIA Group Ltd. as confidence …
Brower Insurance, Consolidated Insurance Taking the last step to finalize its merger three years ago with Brower Insurance Agency LLC, Consolidated Insurance of Springfield, Ohio, now operates under the Brower name. The two agencies merged in December 2008. The name …
Arthur J. Gallagher, Capital Bauer Arthur J. Gallagher & Co. acquired Capital Bauer Insurance Agency in Albany, N.Y. Founded in 1957, Capital Bauer is a retail insurance broker providing P/C, employee benefits and risk management insurance services for commercial and …
Ascension, Falcone Williams Ascension Insurance is expanding in North Carolina with its third agency acquisition in the state in the past three years. Ascension’s most recent acquisition is Falcone Williams Insurance, located in Huntersville, North Carolina. Falcone Williams provides business …
Bolton & Company, Pacific General Pasadena, Calif.-based Bolton & Company has acquired Pacific General Insurance Services, an independent insurance agency providing insurance services in the San Gabriel Valley area. As part of the transaction, Pacific General Insurance Services President Mike …
PURE Privilege Underwriters Reciprocal Exchange (PURE), which offers customized property and casualty insurance coverage to owners of well-built, high-value homes, is expanding into Louisiana. Current agency partners in Louisiana include Arthur J. Gallagher & Co.; BancorpSouth Insurance Services Inc. (formerly …
Fairfax Financial Holdings Limited announced that it has agreed to acquire approximately 25 percent of the issued and outstanding shares of Thai reinsurer, Thai Reinsurance Public Company Limited, for approximately US$70 million. “As part of the purchase, Fairfax will have …
Bermuda-based Alterra Capital Holdings Limited announced that the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados (SUSEP), has given final approval for it to establish a local reinsurance company. The subsidiary, Alterra Resseguradora do Brasil S.A., will be located …
German insurer Allianz is ready to adjust its €750 million [$952 million] non-voting capital stake in Commerzbank to help the German lender strengthen its balance sheet, two sources familiar with the talks between the two parties said. Allianz inherited the …
France’s Gras Savoye, which is closely associated with Willis, announced that it has received a license to commence brokerage operations in Georgia (the country – not the state), as part of its initiative to expand its business from Turkey into …
