Business Moves

Zurich Closes Sale of Unnim in Spain

Zurich Financial Services Group announced that it has “closed the sale to Unnim of its 50 percent stakes in the life and general insurance bancassurance companies CaixaSabadell Vida, S.A. de Seguros y Reaseguros and CaixaSabadell Companyia d’Assegurances Generals, S.A., jointly …

Crawford & Co. Completes Studio Bolton Acquisition

Crawford & Company announced that it has successfully completed its acquisition of Studio Bolton & Associati s.r.l., first announced in November 2010. Studio Bolton is a leading specialist liability adjusting and claims handling company in Italy, with more than 35 …

Fritts-Million Insurance Joins ISU Network

Fritts-Million Insurance of Mt. Sterling, Kentucky has joined the ISU Network. ISU Fritts-Million Insurance was founded by the late James W. Fritts in 1957. Currently owned and operated by Tom Million, president, and Tony Fritts, executive vice president, both partners …

21st Century Insurance Recognized for Good Customer Service

Westlake Village, Calif.-based 21st Century Insurance has been recognized for call center operation customer satisfaction excellence for a fifth consecutive year under the J.D. Power and Associates Call Center Certification Program. The Call Center Certification Program distinction acknowledges a strong …

Zurich Reduces New China Life Stake to 15%

The Zurich Financial Services Group announced that it has it reduced its 20 percent stake in New China Life Insurance Co., Ltd. to 15 percent. Zurich said it has “agreed to sell 5 percent to undisclosed buyers.” The sale is …

A.J Gallagher to Acquire UK Agency Woodbrook

Arthur J. Gallagher & Co. announced that it has signed a definitive agreement to acquire the business and certain assets of London-based Woodbrook Underwriting Agencies, Ltd. The transaction is expected to close during the first quarter 2011. Terms of the …

L.A.Xcess Insurance Brokers Now Independently Owned

Richard Rutkin, president of L.A.Xcess Insurance Brokers Inc. announced that L.A.Xcess has become an independently owned national wholesaler by purchasing itself back from DeWitt Stern Group, an entertainment insurance provider. L.A.Xcess will remain in its current in Los Angeles office. …

Zurich in $1.67 Billion Deal with Santander for Latin American Distribution

Zurich Financial Services Group announced that it has signed a Memorandum of Understanding (MOU) with Banco Santander SA to enter into a 25-year strategic distribution arrangement in Latin America. Zurich said that as part of the transaction, it will acquire …

Business Moves

Dunlap Insurance Agency, ISU Network Dunlap Insurance Agency of Orange, Calif., joined the ISU Network. Founded in 1992, ISU Dunlap Insurance Agency specializes in manufacturing, construction and health accounts. Tom Dunlap serves as president of ISU Dunlap Insurance Agency and …

Business Moves

Glens Falls, Upstate Agency New York-based Glens Falls National Bank and Trust has acquired Upstate Agency Inc., a property and casualty insurance agency with eight offices in New York. Terms of the transaction were not disclosed. Upstate Agency, which is …

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