Bermuda-based Majestic Capital Majestic Capital Ltd. announced that it was unable to timely file its annual report on Form 10-K with the Securities and Exchange Commission (SEC), and it is likely that the California Department of Insurance will place its …
Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurer, has agreed to be acquired by Auto Club Insurance Association (ACIA), a Michigan-domiciled reciprocal inter-insurance exchange. Under the terms of the announced merger agreement, ACIA will acquire all of the …
Mitsui Sumitomo at Lloyd’s confirmed that it is to establish branches in Dublin and Belfast as part of its expansion plans. The new operation will be headed by Alan Shiel, formerly the Ireland Country Manager at Chubb, as Managing Director. …
Ascension, Walter L. Clark Missouri-based Ascension Insurance Inc. acquired Walter L. Clark & Associates Inc., a California-based agency that specializes in agribusiness. Walter Clark, founded in 1959, has offices in Fresno, Porterville and Visalia. Ascension said the move is part …
Oklahoma City-based privately held independent insurance agency, INSURICA, announced it has acquired Guaranty Insurance Services, headquartered in Plano, Texas. INSURICA President and CEO Mike Ross said the acquisition significantly expands the agency’s market reach and nearly doubles the company’s revenue …
Willis Europe BV, a division of Willis Group Holdings, announced the conclusion of a transaction whereby Willis South Africa has acquired 22.5 percent of the equity in Amabubesi Consulting Services (ACS), a specialist employee benefits consulting business. “ACS belongs to …
Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance market. Goldman’s long-overdue purchase could pave the way …
Thomas Bergin Agency of Woodland Hills, Calif., has joined the ISU Network. Founded in 1991, ISU Thomas Bergin Agency specializes in condominium associations, apartments and commercial real estate located in Los Angeles and Ventura County, Calif. Currently, ISU Thomas Bergin …
Insurance Network of Texas has opened a new location in Rockwall, Texas. The Rockwall office is the ninth location for the growing company, which is headquartered in Giddings, Texas. Insurance Network of Texas is an independent insurance agency offering personal …
Chaucer Syndicates Limited announced a new partnership with Nakhodka Re in Moscow and RFIB Ltd in London to launch SeaLine, as the first Lloyd’s coverholder in Russia. “Chaucer and RFIB acted as sponsors to Lloyd’s for SeaLine, which received Lloyd’s …
