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Business Combinations
12 Months Ended
Dec. 31, 2012
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 2012, 2011, and 2010 are presented below. At December 31, 2012, we had no pending business combinations.

           
(in millions) Date  Assets
2012     
EverKey Global Partners Limited / EverKey Global Management LLC /     
 EverKey Global Partners (GP), LLC / EverKey Global Focus (GP), LLC – Bahamas/New York, New YorkJanuary 1 $ 7
Burdale Financial Holdings Limited / Certain Assets of Burdale Capital Finance, Inc. – England/Stamford, ConnecticutFebruary 1   874
Energy Lending Business of BNP Paribas, SA – Houston, TexasApril 20   3,639
Merlin Securities, LLC / Merlin Canada LTD. / Certain Assets and Liabilities    
 of Merlin Group Holdings, LLC – San Francisco, California/Toronto, OntarioAugust 1   281
         $ 4,801
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
           

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