Ryan Specialty Group (RSG) has acquired New York-based Concord Specialty Risk, a managing general underwriter and consultant that provides transactional risk insurance and loss mitigation-evaluation services. Terms of the deal were not disclosed. Concord Specialty was founded by CEO David …
Chartis Inc., the general insurance subsidiary of American International Group has announced a cash tender offer through its wholly-owned subsidiary, Chartis Japan Capital Company LLC (Chartis Japan LLC), for all common shares and stock acquisition rights of Fuji Fire and …
Willis Group Holdings has announced a series of leadership appointments in its reinsurance, wholesale and placement divisions. The management changes are “the next phase in the development of Willis Global, a new business unit launched last year that brings together …
Align Financial Group Inc. (Align) has acquired Executive Liability Managers Insurance Brokers Inc. and Attorneys & Professionals Insurance Services Inc. Kieran Sweeney, Align’s CEO, said the acquisition of ELM “represents an impressive entrance into the professional liability marketplace for Align …
Due in part to claims from California rainstorms and Florida sinkholes, Los Angeles-based Mercury Insurance reported a fourth quarter net loss of $23.6 million, compared with net income of $34.2 million for the same period in 2009. For the year, …
Hylant Group, Swartzel Affiliated Ohio-based insurance brokerage, Hylant Group, and property/casualty insurance services provider Swartzel Affiliated Insurance Agency have merged. The companies’ announcement said the combined organizations will form one of the largest full service insurance firms in the Greater …
Breckenridge, REcentis New York-based wholesaler Breckenridge IS has acquired a majority interest in REcentis Intermediaries, a specialty reinsurance broker with offices in California and Australia. Terms of the deal were not disclosed. REcentis specializes in energy, casualty and financial reinsurance …
Brown & Brown, Balcos Insurance, Mike Howard Insurance Brown & Brown Inc. subsidiary Brown & Brown of Washington Inc. acquired substantially all of the assets of Balcos Insurance, Inc. and M C H Inc. of Seattle d/b/a Mike Howard Insurance. …
Neace Lukens, Lent Agency Neace Lukens, a Louisville, Kentucky based brokerage firm, recently acquired the Lent Agency, a Dayton, Ohio insurance agency. The merger will add 12 Lent Agency employees, including four producers, to the Neace Lukens staff. These employees …
Rocklin, Calif.-based Abram Interstate Insurance Services, Inc. has announced that it has purchased an equine and farmowners book of business from Align General Insurance Agency Inc., of San Diego. All servicing of new and renewal business will be handled by …
