The month of August saw one major insurance brokerage firmacquire the property and casualty insurance brokerage operations ofa bank, as USI Insurance Services announcing its acquisition ofT.D. Insurance Inc.

TD Insurance is one of the largest bank-owned insurance agenciesand brokerage firms in the United States, offering insurance andemployee benefits products and services.

USI says it expects the acquisition to contribute $58.2 millionin revenues on an annual basis. The acquisition is expected toclose by the end of September.

A spokesman says USI will not be setting up offices in TD Bank,but does plan to keep a close relationship with the bank'sclients.

USI also announced the acquisition of Suncoast InsuranceAssociates, Inc. of Tampa, Fla. Suncoast provides the design,delivery and servicing of professional liability programs for morethan 1,500 professional firms throughout Florida. The acquisitionis expected to contribute approximately $3 million to USI.

Other acquisitions announced in August:

Itasca, Ill.-based insurance broker Arthur J. Gallagher acquiredretail broker Blenheim Park Ltd, headquartered in Croydon, England;and Sunday and Associates, Inc. of Sugarland, Texas.

Confie Seguros a New York-based brokerage firm, acquiredStonewood Insurance Services, Inc., a general agency thatspecializes in writing California non-standard personal automobilecoverage.

Integro Ltd. acquired Allan Chapman & James InsuranceBrokers Ltd. of Colchester, England. Allan Chapman & Jamesprovides specialist broking services to the independent film,television and media industry sectors.

Farmington, Conn.-based online agency, BOLT (Business OwnersLiability Team), acquired PFG Insurance Agency and Florida DirectInsurance Agency, establishing a regional office in Sarasota, Fla.,under the direction of Robert Rizzo as regional director.

Dayton, Ohio, based insurance broker Norman-Spencer Agency, Inc.acquired New York-based Keenan Marine Insurance Agency, LLC. Keenan Marine is a national specialty yacht insurance agency.

Today, Kansas City, Mo.-based insurance broker Lockton says ithas entered into a joint venture with facultative reinsurancebroker, Security Re, in Ecuador. The new venture, titled LocktonSecurity Intermediarios De Reaseguros S.A., is scheduled tocommence operation in the coming weeks, subject to regulatoryapproval. Lockton says it has taken a minority shareholding inthe firm.