Filed Under:Markets, Commercial Lines

Around the P&C Insurance industry: March 2, 2016

(Photo: Shutterstock)
(Photo: Shutterstock)

Amelia, Ohio-based American Modern Insurance Group said it will be leaving the lender-placed insurance business. The company said it is redeploying resources to its personal lines business.

Crystal Carstar Collision auto body repair shop in Leawood, Kan., said that it presented a 2010 Mazda 3 to a single mother of two on Feb. 16. The vehicle, donated by Farmers Insurance, was restored by Crystal Carstar’s staff and several local businesses as part of the Oak Creek, Wis.-based National Auto Body Council's Recycled Rides program.

Warwick, R.I.–based MetLife Auto & Home said that it has introduced its first commercial automobile policy, now available in Illinois, Indiana and Ohio.

East Windsor, Conn.-based Insuritas said it will begin offering insurance policies through Lathrup Village, Mich.-based Michigan First Credit Union in three months.

White Plains, N.Y.-based middle market agency Marsh & McLennan Agency LLC said it has acquired Lee's Summit, Mo.-based aviation risk advisor and insurance broker Aviation Solutions. Terms of the transaction were not disclosed. Aviation Solutions will operate out of MMA's office in Overland Park, Kan.

Winston-Salem, N.C.-based financial services company BB&T Corp. said it has reached an agreement to acquire Atlanta-based wholesale insurance broker CGSC North America Holdings Corp. (Swett & Crawford) from London-based Cooper Gay Swett & Crawford for $500 million in cas. Subject to regulatory approval, the transaction is expected to close in the first half of 2016, and excludes Swett & Crawford's non-U.S. business, which accounts for less than 5% of its total revenue.

Chicago-based insurance brokerage Hub International Ltd. announced that it has acquired the assets of Jacksonville, Fla.-based multi-line brokerage Greene-Hazel & Associates Inc. Terms of the acquisition were not disclosed, but Greene-Hazel’s CEO, Chip Greene, will join Hub Southeast and report to Chris Gardner, CEO of Florida, Hub Southeast.

Are you following us on Facebook?


Around the P&C insurance industry: Feb. 24, 2016

Vews from SSIC, Efma, Pioneer Underwriters and USI.



Featured Video

Most Recent Videos

Video Library ››

Top Story

How to avoid becoming a victim of 'flood vehicle' fraud

Flood-damaged vehicles offer a tempting opportunity for criminals to defraud unsuspecting consumers.

Top Story

5 kinds of insurance you’ll be grateful you bought after a riot

This week's protests in Charlotte, North Carolina, after a police shooting is a reminder that businesses often pay the price during times of civil strife. But there is protection available.

More Resources


eNewsletter Sign Up

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.