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Western World CEO to retire upon takeover by Validus

By: Matthew Lerner

Published October 21, 2014 - 11:05am CST

Thomas Mulligan will retire as president and CEO of Western World Insurance Group Inc. effective Jan. 1, 2015, following the completion of the firm’s acquisition by Validus Holdings Ltd., on Oct. 2, Western World said in a statement Tuesday.

Risk Strategies acquires Massachusetts benefits broker

By: Mark A. Hofmann

Published October 21, 2014 - 10:41am CST

Risk Strategies Co., Boston, on Tuesday said it has acquired Benefit Development Group.

Swiss Re to sell U.S. life unit Aurora to RGA

Published October 21, 2014 - 9:40am CST

(Reuters) — Swiss Re Ltd. on Tuesday said it is selling its U.S. life insurance arm, Aurora National Life Assurance Co., to Reinsurance Group of America Inc. for an undisclosed price.

Marsh to acquire flood insurance specialist Torrent Technologies

By: Mark A. Hofmann

Published October 20, 2014 - 11:22am CST

Marsh L.L.C has signed a definitive agreement to acquire Torrent Technologies Inc., Marsh said Monday.

Willis, Miller in talks to join forces in new Lloyd's brokerage

By: Matthew Lerner

Published October 20, 2014 - 10:16am CST

Willis Group Holdings P.L.C. and Miller Insurance Services L.L.P. are in talks to create a London wholesale specialist broking firm which would combine the companies' wholesale businesses under the Miller brand as a stand-alone entity and separate Lloyd's broker, Willis said Monday.

USI expands in Northwest with purchase of employee benefits broker

By: Joanne Wojcik

Published October 14, 2014 - 12:23pm CST

USI Insurance Services L.L.C. has acquired Wallace Insurance Inc./Scott Insurance Services, a middle-market employee benefits broker based in Anchorage, Alaska.

Private equity firm acquires York Risk Services for $1.325B

By: Sheena Harrison

Published October 13, 2014 - 12:18pm CST

Toronto-based private equity firm Onex Corp. has closed on a deal to acquire third-party administrator York Risk Services Group Inc. for $1.325 billion, York said in a statement.

Capsicum absorbs AJG Re brokerage team, business

By: Sarah Veysey

Published October 13, 2014 - 9:09am CST

The London-based reinsurance brokerage team of Arthur J. Gallagher & Co. has transferred to Capsicum Reinsurance Brokers L.L.P., the reinsurance brokerage set up earlier this year as a joint venture between Gallagher and Capsicum Private Office L.L.P., the family trust of former Aon Benfield Chairman Grahame Chilton.

Hub International acquires mid-market broker FieldEddy

By: Stephanie Goldberg

Published October 08, 2014 - 10:58am CST

Hub International Ltd. has acquired the assets of mid-market broker FieldEddy Inc. and its Your Choice Insurance Agency Inc. subsidiary.

Risk Strategies acquires Memphis professional liability broker

By: Mark A. Hofmann

Published October 08, 2014 - 9:31am CST

Boston-based broker Risk Strategies Co. on Wednesday said it has acquired Crow Friedman Group, a professional liability brokerage headquartered in Memphis, Tennessee.

Use of capital tops business priorities of insurer CFOs: Towers Watson study

By: Mark A. Hofmann

Published October 07, 2014 - 11:40am CST

Chief financial officers of North American property/casualty insurers say capital utilization is their top business priority, according to a survey released Tuesday by Towers Watson & Co.

Hub acquires San Diego-area property/casualty, benefits broker

By: Matt Dunning

Published October 06, 2014 - 2:44pm CST

Hub International Ltd. has acquired the assets of Carlsbad, California-based brokerage Marrs Maddocks & Associates Insurance Services Inc., the company announced on Monday.

Lockton acquires Scottish broker’s general insurance business

By: Matthew Lerner

Published October 03, 2014 - 1:41pm CST

Lockton Companies L.L.P. has acquired the Glasgow, Scotland, general insurance business of Griffiths & Armour, Lockton said in a statement Thursday.

Validus completes $690M acquisition of Western World

By: Matthew Lerner

Published October 03, 2014 - 12:07pm CST

Validus Holdings Ltd. has completed its acquisition of Franklin Lakes, New Jersey-based specialty lines carrier Western World Insurance Group Inc., Validus said in a statement Thursday.

Japan insurer Tokio Marine scouts for more M&A targets in North America

Published October 03, 2014 - 9:46am CST

(Reuters) — Japan's Tokio Marine Holdings Inc. sees many attractive acquisition opportunities in North America, its chief executive said, even after already spending more than $7 billion to buy insurance companies there in the last six years.

Risk Strategies merges with specialty broker DeWitt Stern

By: Matthew Lerner

Published October 01, 2014 - 12:25pm CST

Boston-based broker and risk management consultant Risk Strategies Co. Inc. has merged with privately-held, New York-based broker and risk advisor DeWitt Stern Group Inc., the companies said in a statement Wednesday.

JLT Re enters joint venture Spanish network partner to form JLT March Re

By: Sarah Veysey

Published October 01, 2014 - 9:28am CST

JLT Re, the reinsurance arm of London-based Jardine Lloyd Thompson Group P.L.C. has entered into a joint venture with March JLT Correduria de Seguros S.A., its Spanish network partner, to form JLT March Re, it announced Wednesday.

HCC acquires crop insurer Producers Ag for $110 million

By: Bill Kenealy

Published September 30, 2014 - 5:37pm CST

Houston-based specialty insurer HCC Insurance Holdings Inc. said Tuesday that it has reached a definitive agreement to acquire Producers Ag Insurance Group Inc. from CUNA Mutual Group for approximately $110 million in cash.

Ames & Gough acquires specialized New England insurance agency

By: Judy Greenwald

Published September 30, 2014 - 3:10pm CST

Specialty broker Ames & Gough has acquired Providence, Rhode Island-based Bixby Insurance Agency Inc., which serves architects and engineers throughout New England, for an undisclosed amount.

Anthem, LA providers creating HMO to compete with Kaiser

By: Melanie Evans, Modern Healthcare

Published September 22, 2014 - 9:16am CST

An unusual joint venture between Anthem Blue Cross and seven competing Los Angeles-area hospital systems to offer employers a low-priced HMO plan underscores the eagerness of insurers and providers to try novel and risky strategies to survive in the rapidly changing healthcare marketplace.

Gallagher acquires New York broker

Published September 18, 2014 - 1:02pm CST

Arthur J. Gallagher & Co. has acquired New York-based Hagedorn & Co.

Allianz integrates Fireman’s Fund commercial business to boost U.S. P/C brand

By: Rodd Zolkos

Published September 17, 2014 - 3:56pm CST

The commercial property/casualty insurance business of Fireman’s Fund Insurance Co. will be integrated into Allianz Global Corporate & Specialty.

Mid-market consultant Benefits Resource joins Digital Benefits Advisors

By: Matt Dunning

Published September 17, 2014 - 1:58pm CST

Atlanta-based Digital Benefits Advisors on Wednesday said it has added Benefits Resource L.L.C., an Aliso Viejo, California-based consultant, to its nationwide network of employee benefits-only service providers.

Sedgwick expands with specialized insurance claims service acquisition

By: Stephanie Goldberg

Published September 17, 2014 - 11:52am CST

Sedgwick Claims Management Services Inc. has signed an agreement to acquire T&H Global Holdings L.L.C. and its subsidiaries, the Memphis, Tennessee-based third-party administrator said Wednesday.

Allergan reaches truce with suitors on special shareholder meeting

Published September 16, 2014 - 11:33am CST

(Reuters) — Allergan Inc. and its suitors Pershing Square Capital Management and Valeant Pharmaceuticals Inc. settled their pending litigation before the Delaware Court of Chancery and agreed to hold a special shareholder meeting on the originally scheduled date of Dec. 18.

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