The still-expanding King Insurance, a brokerage, has acquired Tallahassee-based Hunt Insurance Group. Hunt, a specialty broker founded in 1945, advises housing authorities, prison systems and municipalities on risk management and self-funded solutions for property/casualty and health insurance, the companies said …
World Insurance Associates, one of the larger brokerage firms in the country, has acquired North Carolina-based Clinard Insurance Group. WIA, headquartered in Iselin, New Jersey, announced that it had purchased Clinard on Oct. 1. Terms were not disclosed. Clinard, or …
PCF Insurance Services, a burgeoning brokerage based in Utah, has acquired Peak Performance Team, a brokerage that offers financing and insurance packages to automobile dealers in the United States. PPT, headquartered in Surfside Beach, South Carolina, provides custom tools for …
Smart Choice, a network of independent agents, has acquired Carriage Hill Insurance, an agency in Tennessee. The agency has $4 million in annual revenue, with offices in Lenoir City, Oak Ridge, Brentwood and Athens, Tennessee. The owner, Todd Henderson, now …
Mapfre SA, the biggest insurer in Spain, is seeking to expand and may make acquisitions in Europe and the U.S., Chairman Antonio Huertas said. The company isn’t constrained by regulators’ efforts to stiffen capital requirements for the insurance industry, Huertas, …
Ameriprise Financial Inc is in advanced talks to buy most of ING Group’s asset management business in Asia, Bloomberg reported, citing two people with knowledge of the matter. The companies are still negotiating on price and an announcement may come …
Catalina Holdings (Bermuda) Ltd. announced that it has signed a definitive agreement to acquire two legacy businesses, HSBC Reinsurance Limited and HSBC Insurance (Ireland) Limited from HSBC Holdings plc, “subject only to regulatory approval from the Central Bank of Ireland. …
The battle for control of Italian insurer Fondiaria-SAI heated up on Wednesday when two private equity funds tabled a rival offer to one brokered by top investment bank Mediobanca to rescue the troubled insurer by merging it with peer Unipol. …
The economy is recovering, but not enough to overcome a persistent soft market and spark robust premium growth, a new report from Advisen Ltd. says. As a result, property/casualty insurers will increasingly view acquisitions and expansion into emerging markets such …
Marsh & McLennan Companies Inc. today reported strong revenue growth and net income for the fourth quarter and full year 2010 year. Consolidated revenue for the company in the fourth quarter of 2010 was $2.8 billion, an increase of 9 …
