BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
Cooper Gay Swett & Crawford Ltd. has completed the sale of CGSC North America Holdings Corp. to BB&T Corp., Cooper Gay Swett & Crawford announced Monday.
Cooper Gay Swett & Crawford said all necessary regulatory approvals have been obtained to complete the $500 million deal, which consists of Cooper Gay's U.S. wholesale insurance brokerage operations, specialty managing general agencies including J.H. Blades & Co. and its U.S. reinsurance brokerage business. It doesn't include Creechurch International Underwriters Ltd., a specialty managing general agent that operates in Canada.
The deal was announced Feb. 24.
“The completion of the sale of Swett & Crawford means that we are now in a position to take our business forward and to begin implementing our strategy in earnest,” said Steve Hearn, Cooper Gay Group CEO, in a statement announcing the completion of the deal. “It affords us the ability to evolve and to build a business which will be set apart from our peers, through a focus on innovation and an appetite to drive change in our market. We have the foundation on which to build a truly exceptional business, and we now have the resources to realize this potential.”
BB&T Corp.'s acquisition of the North American brokerage business of Cooper Gay Swett & Crawford Ltd. is expected to add more than $200 million in revenue annually to BB&T Insurance Holdings Inc. and diversify its business, BB&T said.