Itasca, Illinois-based insurance brokerage and risk management services company Arthur J. Gallagher & Co. has acquired Ann Arbor, Michigan-based insurance brokerage Armstrong/Robitaille/Riegle Inc. and retirement plan services provider Ann Arbor Business Advisors LLC. Terms of the transaction were not disclosed.
Arthur J. Gallagher & Co. also acquired Kent, England-based consultancy firm Total Reward Group. Terms of the deal were not disclosed.
Insurance brokerage Hub International Limited has acquired Elk Grove, California-based personal lines insurance provider The Ponce de Leon Insurance Group Inc. Terms of the acquisition were not disclosed.
San Diego, California-based Arrowhead General Insurance Agency Inc. will become program administrator for the small commercial insurance accounts of New York City-based insurer QBE North America. The portfolio will begin transitioning policies to Arrowhead on July 1 and are expected to be completed on a state-by-state basis by the end of 2018.
Summit, New Jersey-based Specialty Program Group has acquired MarketScout's Dallas-based workers' compensation underwriting unit. The unit will be rebranded as Specialty Comp Insurance Solutions. Terms of the acquisition were not disclosed.
Specialty Program Group has also acquired Napa, California-based risk management and insurance solutions provider Paul Hanson Partners and its affiliate PHP International. Terms of the deal were not disclosed.
The Institutes Griffith Insurance Education Foundation is collaborating with the Council of State Governments (CSG) for a series of educational sessions focused on insurance issues surrounding autonomous vehicles. The two sessions will be held on June 13 during the 2017 CSG Autonomous & Connected Vehicles Policy Academy in Detroit. For more information, visit http://www.csg.org/events/PolicyAcademies.aspx.
Farmers Insurance has launched a new mobile roadside assistance app for its personal lines auto customers. The app is available to customers in Arizona, California, Idaho, Illinois, Indiana, Iowa, Kansas, Oregon, Nevada, Washington, and Wisconsin, and will roll out to additional states throughout the year.
Cleveland, Ohio-based consulting firm CBIZ has acquired West Palm Beach, Florida-based golf and country club specialty insurance agency Slaton Insurance. Terms of the deal were not disclosed.
Farmington Hills, Michigan-based specialty insurer H.W. Kaufman Financial Group has acquired insurance auditor Chlystek & White Services Inc. Terms of the transaction were not disclosed.
Canada-based Co-operators General Insurance Company has acquired Quebec City-based Assurance Auclair. Terms of the deal were not disclosed.
Swiss Re Capital Markets has issued $125 million of insurance-linked securities to a subsidiary of New York City-based Metropolitan Transportation Authority (MTA). The catastrophe bond will protect against storm surge caused by named storms and earthquakes, and have an approximately three-year risk period.
Specialty insurance distributor AmWINS Group Inc. has acquired Partners Specialty Group LLC. Terms of the transaction were not disclosed.
San Diego-based claims management software company Mitchell International has acquired UniMed Direct, a provider of proprietary enterprise managed care software and physician peer review services to the workers' compensation industry. Terms of the deal were not disclosed.
Bermuda-based Hamilton Insurance Group announced that its reinsurance leg Hamilton Re has launched Turning Re, which will provide collateralized capacity for its global reinsurance portfolio.
Crum & Forster's pet insurance division, Crum & Forster Pet Insurance Group, has launched veterinary care insurance for companion horses, a product typically reserved for race or performance horses. The first policy has been sold to cover a rescued miniature horse at an animal sanctuary in Ravenna, Ohio.
Transportation specialty insurer Baldwin & Lyons has rebranded its subsidiaries Protective Insurance Company, Sagamore Insurance Company, and Protective Specialty Insurance Company into one brand called Protective Insurance. For more information about Protective, visit http://protectiveinsurance.com.
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