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Business Combinations
 12 Months Ended
Dec. 31, 2011
Business Combinations [Abstract]  
Business Combinations

We regularly explore opportunities to acquire financial services companies and businesses. Generally, we do not make a public announcement about an acquisition opportunity until a definitive agreement has been signed. For information on additional contingent consideration related to acquisitions, which is considered to be a guarantee, see Note 14.

       Business combinations completed in 2011, 2010 and 2009 are presented below. At December 31, 2011, we had two acquisitions pending, both of which are expected to close during first quarter 2012 with combined total assets of approximately $835 million.

           
           
(in millions) Date  Assets
2011     
CP Equity, LLC, Denver, ColoradoJuly 1 $ 389
Certain assets of Foreign Currency Exchange Corp, Orlando, FloridaAugust 1   46
LaCrosse Holdings, LLC, Minneapolis, MinnesotaNovember 30   116
Other (1)Various   37
         $ 588
2010     
Certain assets of GMAC Commercial Finance, LLC, New York, New YorkApril 30 $ 430
Other (2)Various   40
         $ 470
2009     
Capital TempFunds, Fort Lauderdale, FloridaMarch 2 $ 74
Other (3)Various   39
         $ 113
           

  • Consists of seven acquisitions of insurance brokerage businesses.
  • Consists of five acquisitions of insurance brokerage businesses.
  • Consists of eight acquisitions of insurance brokerage businesses.