Buying Benfield Group. Regulatory approvals pending.
>> Agrees to sell AIS Management Group to Mercury
Insurance Group, an auto insurer based in Los Angeles. >>
Aon Ltd. appoints Pauline Colvin to newly created post of chief
risk officer. >> Aon Ltd. redomiciles its protected cell
company, White Rock Insurance (Europe) from Gibraltar to Malta.
Low taxes and comprehensive network of double taxation treaties
cited. White Rock Insurance (Gibraltar) is not relocating.
>> Aon Jauch & Heubener, based in Hamburg, promotes
Sven Erichsen to newly created position of chief broking
Opens aviation insurance office in Charleston, S.C.,
with Paul Gingrich as v.p. to lead the new office.
Establishes commercial brokerage division and a new
office in Sarasota, Fla., which will be headed by Mark Arnold,
most recently of Swett & Crawford. >> Also purchases
the business insurance center assets of NFIB, primarily workers
comp policies, from MSC Insurance Agency of Tennessee.
ARTHUR J. GALLAGHER
Acquires 40% equity in Specialized Broking Associates,
a retail p-c brokerage specializing in energy, construction and
mining industries and in the corporate sector. Headquartered in
Perth, Western Australia, the brokerage will continue in
current location under the SBA Gallagher moniker. >> Buys
Fuller & O’Brien, a retail p-c, workers comp, surety
bonding and risk management brokerage in Albany. Staff
continues in current location under direction of
Gallagher’s Northeastern Region retail p-c brokerage
division. >> Also purchases Roberts & Roberts
Insurance Service, a retail broker for commercial p-c in
transportation, construction and manufacturing, located in
Opens office in Dallas with Steve Levene as managing
Shareholders approve acquisition of Benfield by Aon.
Deal awaits regulatory approvals.
Acquires MPPI Insurance Services of Hazlet, N.J. and
New York City.
Parent Brooke Corp. files for Chapter 11. The
bankruptcy filing’s effect on a prospective buyout of the
franchise by two Kansas businessmen is unknown as of press
time. The proposed deal encompasses Brooke Insurance’s
operations in Phillipsburg and Overland Park, Kan., and the
nationwide network of Brooke agents.
BROWN & BROWN
Buys Al Phillips Insurance Agency of Nashville, a
general p-c retail agency. Phillips and his staff join Brown
& Brown’s existing Nashville office. >> Also
buys Health Insurance Exchange, an employee benefits
specialist, based in Seattle.
COLEMONT INSURANCE BROKERS
Names Sean Burke senior v.p. and financial services
broker. He moves from AmWINS and will work out of
Colemont’s San Francisco office.
Crump Insurance Services now offers exclusive general
liability program for residential and commercial subcontractors
with premiums under $25,000 to provide coverage across a broad
range of classes in 11 states. The program is offered in
conjunction with IronBuilt, the specialty construction division
of Ironshore. No tract or multifamily limitations, punitive
damages exclusions, or—in most states—prior works