SPECIALTY PROGRAM GROUP, LLC. ACQUIRES MARINE & CRANE BUSINESSES FROM OHIO-BASED NORMAN-SPENCER AGENCY, INC.

For Immediate Release SPECIALTY PROGRAM GROUP, LLC. ACQUIRES MARINE & CRANE BUSINESSES FROM OHIO-BASED NORMAN-SPENCER AGENCY, INC. Summit, New Jersey, April 12, 2018 – Specialty Program Group, LLC. (SPG) a leading insurance holding company for specialty brokerages and underwriting facilities announced today that it has acquired the assets of Norman-Spencer Agency’s (NSA) crane program, [...]

By |2020-02-23T12:36:49-05:00April 13th, 2018|PRESS RELEASES|Comments Off on SPECIALTY PROGRAM GROUP, LLC. ACQUIRES MARINE & CRANE BUSINESSES FROM OHIO-BASED NORMAN-SPENCER AGENCY, INC.

Press Release – Hannover Re – Omaha Indemnity – Mutual of Omaha Ins Co (January 9 2018)

For Immediate Release Hannover Re acquires Omaha Indemnity from Mutual of Omaha Insurance Co. January 9, 2018 – The Germany-based company acquired 100% of Omaha Indemnity's issued and outstanding capital stock for an aggregate purchase price of about $4.2 million over the Mutual of Omaha unit's surplus at closing, which could be between $21 [...]

By |2020-02-23T12:36:49-05:00January 9th, 2018|PRESS RELEASES|Comments Off on Press Release – Hannover Re – Omaha Indemnity – Mutual of Omaha Ins Co (January 9 2018)

Press Release – Coverys – ProSelect – Clear Underwriters (January 9 2018)

For Immediate Release Clear Underwriters LLC acquired ProSelect National Insurance Co. January 9, 2018 – Fort Lauderdale, Fla.-based Clear Underwriters LLC acquired Boston-based ProSelect National Insurance Co. Inc. from Medical Professional Mutual Insurance Co., a subsidiary of Coverys. ProSelect National Insurance Co. Inc. operates as an insurance company. Jason Murgio and Dan Baransky of [...]

By |2020-02-23T12:36:49-05:00January 9th, 2018|PRESS RELEASES|Comments Off on Press Release – Coverys – ProSelect – Clear Underwriters (January 9 2018)

Progressive Corporation acquires Blue Hill Specialty Insurance Company Inc.

For Immediate Release Progressive Corporation acquires Blue Hill Specialty Insurance Company Inc. May 7th, 2017 – Progressive Corp. unit Progressive Commercial Holdings Inc. has acquired Chicago-based Blue Hill Specialty Insurance Co. Inc. from Hamilton, Bermuda-based Hiscox Ltd. Progressive Corp. paid $3.29 million plus closing date adjusted Surplus to acquire Blue [...]

By |2020-02-23T12:36:49-05:00May 7th, 2017|PRESS RELEASES|Comments Off on Progressive Corporation acquires Blue Hill Specialty Insurance Company Inc.

M&A Services, Inc. earned the #1 rank by deal volume for insurance underwriting transactions in 2016

For Immediate Release M&A Services, Inc. earned the #1 rank by deal volume for insurance underwriting transactions in 2016 March 31st , 2017 – S&P Global Market Intelligence & SNL Financial, the premier provider of breaking news, financial data and expert analysis on Insurance & Financial Services has published their [...]

By |2020-02-23T12:36:49-05:00March 31st, 2017|PRESS RELEASES|Comments Off on M&A Services, Inc. earned the #1 rank by deal volume for insurance underwriting transactions in 2016

Sirius sells Ashmere Insurance Company to National Fidelity

For Immediate Release Sirius sells Ashmere Insurance Company to National Fidelity October 12, 2016– National Fidelity Holdings Inc. has acquired Glastonbury, Conn. -based Ashmere Insurance Co. from Sirius, a subsidiary of Hanover, N.H.-based White Mountains Insurance Group Ltd. White Mountains Solutions, a White Mountains Insurance Group Ltd. company, agreed to [...]

By |2020-02-23T12:36:49-05:00October 12th, 2016|PRESS RELEASES|Comments Off on Sirius sells Ashmere Insurance Company to National Fidelity

AXA sells Mosiac Insurance Company to Metromile

For Immediate Release AXA sells Mosiac Insurance Company to Metromile September 22, 2016– New York-based Coliseum Reinsurance Co., a subsidiary of Paris-based AXA, has sold New York-based Mosaic Insurance Co. to San Francisco-based Metromile Inc. Metromile Inc. paid $22.0 million in cash comprised of approximately $7.0 million plus the value [...]

By |2020-02-23T12:36:50-05:00September 22nd, 2016|PRESS RELEASES|Comments Off on AXA sells Mosiac Insurance Company to Metromile

Hanover Insurance Group Inc. sold Professionals Direct Insurance Co. to Watford Specialty Insurance Co.

For Immediate Release Hanover Insurance Group Inc. sold Professionals Direct Insurance Co. to Watford Specialty Insurance Co. August 11, 2016 – Merger & Acquisition Services Inc. served as advisor to Hanover Insurance Group on selling Professionals Direct Insurance Co., a former writer of lawyers' professional liability coverage, to The Watford [...]

By |2020-02-23T12:36:50-05:00August 12th, 2016|PRESS RELEASES|Comments Off on Hanover Insurance Group Inc. sold Professionals Direct Insurance Co. to Watford Specialty Insurance Co.