Filed Under:Agent Broker, Agency Management

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?

Related

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

6 homeowners’ policy endorsements agents and brokers need to know

It's the insurance agent or broker's job to explain a policy to the buyer, including the available endorsements, and they need to know which endorsement best fits the client’s situation.

Top Story

Top large commercial brokers and insurers based on customer satisfaction

The key variables driving overall commercial insurance customer satisfaction are broker expertise and insurer profitablity, according to the J.D. Power 2016 Large Commercial Insurance Study.

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.