Assured Guaranty Ltd. (“Assured” or “the Company”) announced that the mandatory waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR”) for Assured’s proposed acquisition of Financial Security Assurance Holdings Ltd. (“FSA”) expired at 11:59 p.m. Eastern Time on January 20, 2009 (12:59 a.m. Atlantic Time on January 21, 2009).
In addition to [...]

Blue Cross and Blue Shield of Florida, Inc. (BCBSF) has completed its acquisition of Florida Health Care Plan, Inc. (FHCP) from Halifax Hospital Medical Center (HHMC). FHCP will operate as a community-based, locally-managed, HMO subsidiary of BCBSF, serving Volusia and Flagler counties.
FHCP is a successful, high quality, mixed staff-model health care plan with 53,000 members [...]

Kenneth D. Kirk, Regional President of Brown & Brown, Inc. David J. Thomsen, Chairman and Kathleen A. Wittau, President of Baker, Thomsen Associates Insurance Services, of Newport Beach, California, announce the asset acquisition of Baker, Thomsen Associates Insurance Services by a subsidiary of Brown & Brown, Inc.
Baker, Thomsen Associates Insurance Services, with annualized revenues [...]

Enstar Group Limited announced that Royston Run-Off Limited, its indirect subsidiary, completed the previously announced acquisition of Unionamerica Holdings Limited from St. Paul Fire and Marine Insurance Company, an affiliate of The Travelers Companies, Inc. (“Travelers”), for a purchase price of $341.3 million. Unionamerica Holdings Limited is comprised of the discontinued operations of Travelers’ UK-based [...]

Univest Corporation of Pennsylvania and its insurance subsidiary, Univest Insurance, Inc., today announced the acquisition of Liberty Benefits, Inc., a full service employee benefits brokerage and consulting firm specializing in comprehensive employee benefits packages for businesses with 2 – 500 employees. The acquisition, completed on December 29, 2008, expands Univest’s growing insurance business and [...]

G8 Capital announces today that it has closed its 10th portfolio acquisition from a top-five U.S. financial institution. The portfolio consisted of 88 California REO properties. G8 Capital helps financial institutions and other holders of REO assets or non-performing loans get fair value for their assets through very quick closings.
“Banks, investment banks, mortgage companies, and [...]

A.M. Best Co. has commented that the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of State Auto Insurance Companies (State Auto) and its member companies are unchanged at this time. State Auto’s publicly traded holding company is State Auto Financial Corporation (NASDAQ: STFC – News). The outlook for [...]

Michael A. Paschke, Regional Executive Vice President of Brown & Brown, Inc., and Bruce A. Curry, Principal of Health Insurance Exchange, Inc. of Seattle, Washington, today announced the asset acquisition of Health Insurance Exchange, Inc. by a subsidiary of Brown & Brown, Inc.
Health Insurance Exchange, Inc., with annualized revenues of approximately $1.2 million, focuses exclusively [...]

Industrial Alliance Insurance and Financial Services Inc. is pleased to announce the acquisition of all issued and outstanding shares of Sarbit Asset Management Inc..
IA’s intention to acquire SAMI was announced on September 8, 2008, and the transaction closed on October 31, 2008. SAMI will be controlled by IA’s subsidiary, IA Clarington Investments Inc. (”IA Clarington”).
“Investors [...]

Maiden Holdings, Ltd. announced that it has acquired the reinsurance operations of GMAC Insurance (GMACI), including its book of assumed reinsurance business. As part of the transaction, which closed today, Maiden Holdings’ (Maiden) wholly owned subsidiary Maiden Holdings North America, Ltd. acquired GMAC RE LLC, the reinsurance managing general agent writing business on behalf [...]