QBE Insurance, Australia’s biggest insurance group, is in talks to buy U.S. insurer Balboa from Bank of America , a media report said on Thursday, sparking talk that QBE would have to sell new shares to help fund the deal. …
Global professional services company Towers Watson has completed the acquisition of EMB, a non-life consulting and software company. The transaction, which was announced on Nov. 9, 2010, will result in the formation of the largest non-life actuarial consultancy in Europe …
American International Group, Inc. (AIG) reported it has closed the sale of its Japan-based life insurance subsidiaries, AIG Star Life Insurance Co. Ltd. and AIG Edison Life Insurance Co., to Prudential Financial Inc. for a total purchase price of $4.8 …
AXA Central & Eastern Europe announced the acquisition of 80 percent of B&B Insurance, the second largest insurer in Belarus, and its largest private insurer. AXA said the acquisition is another step in its “expansion in Central & Eastern Europe …
UK-based specialist insurer Amlin plc announced that a wholly owned subsidiary has entered into an agreement to acquire Lead Yacht Underwriters Limited from members of Lead Yacht’s board of directors. The transaction remains subject to the approval of the change …
Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., announced it has acquired Christopher Lee Insurance Services of Carmel, Calif. The terms of the transaction were not disclosed. John Miller, CEO of Lawson-Hawks Insurance Associates, …
New Jersey-based broker Bollinger has acquired Charles G. Treloar Agency Inc. of Kenvil, New Jersey. Terms of the deal were not disclosed. The agency’s employees will be relocated to Bollinger’s corporate headquarters in Short Hills, New Jersey. The 50-year-old agency …
Summit Business Media and its affiliates including The National Underwriter insurance publisher have filed for Chapter 11 bankruptcy to address more than $250 million in debt and unsecured claims. The company said that it had already worked out an agreement …
Paramount Capital Insurance Group of Reynoldsburg, Ohio, has joined the ISU Network. ISU PCIG was founded by Eric Schwab. Schwab is a third generation insurance agent following in the footsteps of his grandfather, uncle and father who each owned agencies. …
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 will join seven Neace …
