Jacksonville, Florida-based workers' compensation services provider One Call Care Management has completed the acquisition of analytics and data visualization platform High Line Health. “Combining High Line's platform with One Call's expertise in workers' comp will accelerate the pursuit of better outcomes for our customers and injured workers,” said Dale Wolf, president and CEO at One Call.
Tampa-based homeowners' and reinsurance company HCI Group, Inc. has announced its intention to offer, subject to market and other conditions, $115 million aggregate principal amount of convertible senior notes due 2037 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. HCI also expects to grant the initial purchasers an option to purchase up to an additional $17.25 million aggregate principal amount of the notes.
Chicago-based CCC Information Services has selected investment firm Advent International as its next equity partner. Advent will purchase equity assets from CCC's previous owners Leonard Green & Partners and TPG Capital.
USI Insurance Services has acquired Hickory, North Carolina-based employee benefits insurance advisor Carolina First Associates, LLC. Terms of the transaction were not disclosed.
Insurance brokerage and risk management consultancy The Plexus Groupe LLC has acquired Arlington Heights, Illinois-based independent personal lines insurance agency Fairway Financial Insurance Group. Fairway will be rebranded as Plexus and operate out of the firm's Deer Park headquarters.
Insurance brokerage Hub International Limited has acquired Santa Ana, California-based multi-lines insurance solutions provider LISSC. Terms of the acquisition were not disclosed.
Marsh & McLennan Agency LLC has acquired Blakestad, Inc., a private client and commercial lines independent insurance agency. Terms of the transaction were not disclosed.
Philadelphia-based insurance and employee benefits brokerage The Graham Company has become 100 percent employee-owned through an employee stock ownership plan. The Graham Company will continue to operate under the same business model and management structure.
NJM Insurance Company and American Modern Insurance Group are partnering to offer collector car insurance. In addition to agreed value loss settlement, the policy includes: flexible mileage plans; broad usage allowance; new purchase, spare parts and trip interruption coverages; towing up to $75 per occurrence; and deductible options from $0 to $10,000.
Insurance and reinsurance giant XL Catlin has increased its Builder's Risk insurance capacity to $1 billion from its previous $250 million. The increased capacity will allow XL Catlin insurance companies to provide insurance during both the construction of a project and the operational phase once the construction is complete.
Jacksonville, Florida-based property and casualty insurance retailer Brightway Insurance will open new locations in Tarrytown, N.Y. and Plano, Texas on March 13, 2017.
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