Business Moves

Business Moves

Fiesta Auto Huntington Beach, Calif.-based Fiesta Auto Insurance is combining its two business models — insurance and tax preparation — under one roof, quadrupling its presence to more than 80 locations. Launched in 1999 to provide auto insurance to Hispanic …

Business Moves

Swiss Re, Berkshire Hathaway Swiss Re concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written prior to 2004.” The transfer is retroactive to Oct. …

Business Moves

ProBuilders The ProBuilders risk retention group offering general liability insurance for builders and contractors will stop accepting new business and non-renew most of its 1,800 policies as of March 1. According to Bill Tepe, chief financial officer for NationsBuilder Insurance …

Business Moves

Towers Perrin, Watson Wyatt Towers Watson & Co. has completed the merger of Towers Perrin and Watson Wyatt. The transaction to form Towers Watson, a global professional services company, was announced on June 28, 2009. Watson Wyatt CEO John Haley …

Business Moves

Keystone Group, C.M. Moore, Al Torstrick C.M. Moore Insurance of Bowling Green and Al Torstrick Insurance of Lexington will be the first franchises in Kentucky for Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty agency. The two firms …

Business Moves

U.S. Risk, Goss Re U.S. Risk Insurance Group Inc., based in Dallas, has expanded into the specialty reinsurance brokerage marketplace with Goss Reinsurance Brokers Inc. Goss Re will operate as a specialty reinsurance broker for medium to small insurance carriers, …

Business Moves

Towers Perrin, Watson Wyatt Towers Watson & Co. completed the merger of Towers Perrin and Watson Wyatt to form Towers Watson, a global professional services company headquartered in New York City. Watson Wyatt CEO John Haley is Towers Watson’s chairman …

Business Moves

United Insurance, Mexico Agency Falmouth, Maine-based insurance agency United Insurance has acquired The Mexico Agency business from Northeast Bank Insurance Group. The Mexico Agency, which was acquired by Northeast in 2004, writes approximately $900,000 in annual premiums and employs three. …

Business Moves

Protective Specialty Indianapolis, Ind.-based Protective Specialty has created a new Professional Liability Division, which joins the company’s portfolio of nationwide products by offering Miscellaneous Professional Liability. A subsidiary of Protective Insurance Company, which is rated “A+” (Superior) by A.M. Best, …

Business Moves

Aon Risk, Allied North America Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in the …

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