has affiliated with

 

COUNTRY Companies

Acted as exclusive financial advisor to Country Life Insurance Company and Country Mutual Insurance Company in their acquisition of Cotton States Life Insurance Company and affiliation with Cotton States Mutual Insurance Company. The affiliation was followed by the purchase of the publicly held shares of Cotton States Life valued at $135 million. The affiliation will increase the Country pool by $300 million of personal lines premium located in Georgia, Alabama, Tennessee, and Florida.

Sale to National Penn Bancshares

Acted as exclusive financial advisor to D.E. Love Associates, Inc. in its sale to National Penn Bancshares, Inc. D.E. Love, a full-service insurance agency headquartered in Yardley, PA, offers property and casualty insurance and employee benefit programs through its relationship with a variety of regional and national carriers. D.E. Love, which has 21 employees, will play an important role in growing National Penn’s insurance division and strengthening its position as a full-service financial resource provider for its customers.

Sale of Becher & Carlson to Risk Strategy Partners

Retained by American Re Corporation to find a buyer and maximize the value to American Re of Becher & Carlson. Sold Becher & Carlson to Risk Strategy Partners, an experienced insurance agency team led by the former CEO of a recently sold large national insurance brokerage operation. Becher & Carlson provides risk management solutions and brokerage services to Fortune 1000 companies.

has sold certain assets to

 

GuideOne Life

Acted as the exclusive financial advisor to GuideOne Insurance Group in its sale of GuideOne Life Insurance Company to Kansas City Life Insurance Company. West Des Moines, IA based GuideOne Life sells individual life, annuity and group products through captive and independent multi-line agents, and in 2002 generated over $58 million in direct premiums and annuity considerations. The proceeds will enable GuideOne Insurance to strengthen its capital position and build surplus, and GuideOne Life’s policyholders will benefit from a strong A-rated insurer committed to excellent customer service. $103.1 million transaction.

Acquisition of Worldwide Insurance

Acted as the exclusive financial advisor to Response Insurance Group in its acquisition of Worldwide Insurance Company and Worldwide Direct Insurance Company from Great American Insurance Company, a subsidiary of publicly-traded American Financial Group (AFG). Response will also acquire the renewal rights to the direct auto business of other Great American subsidiaries. Response, a subsidiary of Meriden, CT based Direct Response Corporation, will pay $17 million plus the policyholders’ surplus of the Worldwide Companies, for a total purchase price of $50 million.

OTHER TRANSACTIONS

Client

ABC Insurance Company

DEF Insurance Company

Advisory Role

Sale to XYZ Insurance Company

Affiliation with UVW Insurance Company