McGriff, Seibels & Williams To Acquire Caledonian Insurance Group Inc.

(RTTNews) - McGriff, Seibels & Williams Inc., a subsidiary of BB&T Insurance Holdings, a wholly owned subsidiary of BB&T Corporation (BBT) said it will expand its property and casualty insurance products with the acquisition of Caledonian Insurance Group Inc. of Mercer Island, near Seattle.

Commenting on Caledonian, the company said it specializes in insurance brokerage services for the aviation industry, including regional airlines, cargo airlines, rotor wing operations, fixed wing charter operations, corporate aircraft, airports, fixed-base operators, aircraft component manufacturers, aircraft lessors and international operators.

The transaction was completed April 1. The terms were not disclosed.