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. …
Ohio-based Hylant Group, one of the largest privately owned insurance brokerage firms in the nation, recently acquired a substantial portion of Creative Benefits Systems (CBS), an employee benefits provider in Grand Rapids, Michigan. The acquisition will expand Hylant’s employee benefits …
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 its wholly owned subsidiary, Amlin Corporate Services Limited, has agreed and has completed the acquisition of J R Clare Underwriting Agencies Limited (JCUA) from John Clare. Amlin described JCUA as a “managing general …
MarketScout Wholesale has acquired New York-based Wastepac from Insurance Specialty Group. Wastepac is general agent focusing on private businesses in the waste hauling and sanitation industries. It will remain in its current location in Port Jefferson, New York under the …
The Bermuda-based Catlin Group Limited has purchased Blue Ridge Insurance Co. (BRIC) from the QBE Insurance Group. Catlin will rename BRIC as Catlin Indemnity Co. and expects to begin writing business through this company in the second quarter of 2011. …
Ohio Mutual Insurance Group (OMIG) has confirmed that its previously announced acquisition of Maine-based Casco Indemnity Company is complete. The transaction officially closed on Jan. 1, 2011. Casco Indemnity will be operated as a wholly-owned subsidiary of Ohio Mutual Insurance …
