INISIDE INDIANA BUSINESS: Insurance company moving HQ

2013-03-04T12:42:00Z INISIDE INDIANA BUSINESS: Insurance company moving HQTimes Staff nwitimes.com
March 04, 2013 12:42 pm  • 

A large Indiana-based insurance company is moving its headquarters from Indianapolis to Carmel. Baldwin & Lyons Inc. (Nasdaq: BWINA, BWINB) plans to invest up to $30 million to purchase an existing building and add more than 130 jobs by 2018. The move should be complete by the end of the year.

 

Auto Finance Company Adding Jobs

An automotive financial services company is detailing Indiana growth plans. NextGear Capital wants to expand its headquarters in Carmel and add nearly 170 jobs by 2015. The company was created the merger of Dealer Services Corp. and Manheim Automotive Financial Services.

 

New Ohio Casino Represents 'New Reality' For Indiana

The editor of Indiana Gaming Insight says today's opening of the $400 million Horseshoe Cincinnati casino signals a "new world" for the Hoosier gaming industry. Ed Feigenbaum calls the development "potentially devastating" to casinos in the southeast part of the state, which he believes could take around a 30 percent revenue hit. Read More Feigenbaum says the key is for the three Hoosier casinos near Cincinnati to find their niche audience.

 

State Launches Office of Defense Development

Indiana is launching a new Office of Defense Development. Lieutenant Governor Sue Ellspermann has named Duane Embree the agency's first director.

 

Indy Featured on Spring Break List

Indianapolis ranks in the top 10 on a new list of the best spring break destinations for families. The rankings from Livability.com weighed factors such as affordability and family-friendly attractions and amenities.

 

Bipartisanship, Economy Dominate Session So Far

A group of political insiders believes Republican and Democrat leadership working together has been the most significant takeaway from the first half of the legislative session. Indiana Chamber of Commerce President Kevin Brinegar says lawmakers have also shown a "laser focus" on economic issues. Brinegar, Winston/Terrell Group Principal Robin Winston and Bose Public Affairs Group Vice President Michael O'Brien weighed in on the session on a recent edition of Inside INdiana Business.

 

Retirement System Announces Investment Fund Managers

The Indiana Public Retirement System has selected two partners to manage a new $150 million investment fund. The Carlyle Group LP (Nasdaq: CG) and AlpInvest Partners have opened an Indiana office to help manage Indiana Investment Fund II.

 

Hendricks County Rebrands Tourism Agency

The Hendricks County Convention and Visitors Bureau has changed its name to Visit Hendricks County. The organization joins agencies in Indianapolis, Bloomington and Fort Wayne in making a similar change, saying the new brand "more accurately defines its mission."

 

Indianapolis Downtown Inc. Hires VP

Indianapolis Downtown Inc. has selected Bob Schultz to be its next vice president of marketing and communications. He is set to take over the role later this month and currently is a vice president at Borshoff, a public relations firm in Indianapolis.

 

Entrepreneurs Receive Honors

Three Hoosier companies have taken home innovation awards from the Entrepreneurship Advancement Center in Fishers. The top honors went to an intellectual property software business, a construction company and a customer relationship management firm.

 

Direct Flight Returning to Fort Wayne Airport

Fort Wayne International Airport says seasonal, non-stop service to Minneapolis will resume this week. The daily flights will be operated by Delta Air Lines Inc. (NYSE: DAL).

 

Two Indiana Companies Land Military Contracts

Evansville-based AmeriQual Group LLC has been awarded a U.S. Department of Defense contract worth up to $150 million to provide meals for the U.S. Army and Marine Corps. The department has also awarded Twigg Corp. in Martinsville a $6 million contract for engine vane assemblies for the Air Force.

 

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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