Around the industry: August 26, 2015

Photo: Shutterstock/Tashatuvango

Distinguished Programs Holdings LLC (Distinguished) announced the pending acquisition of Bellevue, Washington-based Fulcrum Insurance Programs (Fulcrum). The businesses will be combined and rebranded as “Distinguished Specialty.” Fulcrum’s principals Dusty Rowland and Eric Arthur will join Distinguished Specialty as senior executives and Rowland will join Distinguished’s Board of Advisors when the deal is completed. The transaction is expected to be completed by the end of October.

Advent Insurance Management (Advent) announced the creation of Advent Insurance Management LLC, establishing its presence across multiple locations in the U.S. Creation of the Delaware-based business followed a joint venture agreement with Oklahoma-headquartered AmeriClaim; an expert claims adjusting business with more than 200 locations across North America. Advent holds a 50.1% controlling interest in the new business.