Recapitalizes with $1.3 billion buy-in from New
Mountain Capital, a private equity firm based in New York. The
deal concludes AmWINS’ partnership with Parthenon Capital
Partners. Employee shareholders will retain more than 30% of
the brokerage’s equity, and there won’t be any
changes to senior management, local management or operation
teams. Deal expected to close before the end of June. >>
Scott Purviance appointed COO. He will continue as CFO, as
well. >> Wade Vaché has joined THB Intermediaries as
SVP in Dallas with primary role over casualty facultative
reinsurance. He moves from Aon Benfield.
Aon Risk Solutions launches wage and hour product for
U.S. companies with more than 10,000 employees. Covers defense
and indemnity costs for settlements and judgments. >> Aon
Groep Nederland is acquiring commercial insurance intermediary
operations of ABN Amro Bank, based in Amsterdam. The acquired
business includes a risk consultancy and commercial insurance
brokerage with 78 employees moving to Aon Risk Solutions.
>> Kathy Jacobson hired as SVP of Aon Risk
Solutions’ Washington, D.C., office, providing E&O
expertise and new-business development. She was SVP at Seabury
& Smith, a division of Marsh. >> John Jassmann joins
Aon Risk Solutions as resident managing director in Atlanta. He
was most recently with Beecher Carlson as executive managing
Hires Mike Kish as director of mergers and acquisitions
in the U.S. He was most recently a consultant at Zito Insurance
Agency in Ohio and was SVP at MarshBerry before that.
ATLAS GENERAL INSURANCE
Greg Mosher named president of Atlas Specialty
Insurance Services, a new division of Atlas General. He
co-founded K&K Insurance Group and was its president and
CEO for nearly 20 years. Atlas Specialty will have offices in
San Diego and Denver and will offer programs targeting
specialty liability, property and medical niches.
Merger partners in Crump acquisition plan to move
forward slowly and deliberately, says CRC exec Tom Curtin. Deal
includes CRC Insurance Services, MGA Southern Cross, Tapco
Underwriters, and MGU AmRisc. CRC will retain its brand name,
as will Southern Cross and Tapco. Crump P&C will be named
CRC Crump, and offices will be merged on a case-by-case basis.
In the combined CRC/Crump operation, Curtin continues as CEO
and co-chairman. The unit will operate 55 offices nationwide
with 1,700 employees and will write more than $3.5 billion in
p-c premium. Ron Helveston is president. John Howard and Dave
Obenauer join BB&T from Crump and oversee BB&T
wholesale distribution. In Southern Cross/Crump Programs,
Preston Gough continues as president.
Promotes Sharon Brainard to senior managing director
for East Coast operations in National Casualty Brokerage
Practice. She will be based in Atlanta and report to Scott
Davis, executive managing director and head of practice.
Promotes Steven Tanta to CFO.
BROWN & BROWN
President and CEO J. Powell Brown has returned from a
medical leave of absence and has resumed full duties. >>
Has acquired Moten Associates of Norristown, Pa., a surety bond
and p-c agency. Management and staff to join Brown & Brown
offices in Plymouth Meeting, Pa.
COOPER GAY SWETT &
Names Shaun Hooper as chief commercial officer. He was
CEO of Cooper Gay & Co., the firm’s Lloyd’s of
London market brokerage. Sam Hovey succeeds him as CEO of
Cooper Gay. She was CFO.
Hires Jim Bailey as SVP to oversee retail insurance
operations and joint venture and merger opportunities. He will
also develop the Dallas-based p-c agency’s California
master agency. Bailey was president of D. R. Sparks Insurance
Services, VP and underwriting manager at Davidson-Babcock and,
before those, regional VP for Safeco in Dallas. CoVerica
rebranded from SIG last year.
Acquires assets of Association Benefits Insurance
Agency based in Lynnfield, Mass. Co-principals Frank Venuto and
Frank Michaud will join Hub New England and report to Michael
Chapman. >> Acquires Knauff Insurance Agency, a
full-service agency based in Charlotte, N.C. It will become
part of Hub Southeast and operate out of its existing office.
James (“Skip”) Knauff, president of Knauff, reports
to Hub Southeast’s president, Allison Rhyne.
Inaugurates Health & Wellness Strategies Practice,
with Jerid Baxter as practice leader.