2014 M&A News

S&S Insurance Solutions of Florida Acquires Imperial Insurance

S&S Insurance Solutions of Florida, a division of East Providence, Rhode Island-based Starkweather & Shepley Insurance Brokerage, has acquired Imperial Insurance of Naples, Florida. Terms of the transaction were not disclosed. Imperial Insurance is a multi-line insurance agency, formed in …

Regions Insurance Opens Florida Office with Acquisition of Teaberry Business

Regions Insurance, an affiliate of Regions Bank, has opened an office in St. Petersburg, Florida after agreeing to purchase the accounts of Teaberry Health and Welfare Benefits Practice. Financial terms of the agreement were not disclosed. The office was established …

‘Robust’ Activity Ahead for Agency M&As, Says OPTIS

There were 165 announced merger and acquisition transactions of insurance agencies in the U.S. and Canada in the first six months of 2014, a jump of nearly 40 percent over the same period in 2013. Also, according to an OPTIS …

Guardian Life Acquires Dental Insurer Premier Access

The Guardian Life Insurance Company of America said it has completed its previously announced acquisition of Sacramento, Calif.-based Premier Access Insurance Co., a provider of dental coverage serving more than 5,000 employers and 630,000 members. The addition of Premier Access …

Insurance Underwriter, Broker Merger Activity Up 20%: SNL

Year-to-date through June 20, the insurance mergers and acquisitions (M&A) market witnessed 160 deal announcements, compared to 134 deals over the same period of 2013 — an increase of roughly 20 percent, according to SNL Financial. SNL said 34 insurance …

Marsh & McLennan Agency Acquires Senn Dunn in North Carolina

Marsh & McLennan Agency LLC (MMA) said it has acquired Senn Dunn Insurance in North Carolina. Terms of the transaction were not disclosed. Founded in 1927, Senn Dunn has annual revenue of approximately $30 million and 155 employees. In 2013, …

Arthur J. Gallagher Buys New Zealand’s Mike Henry Brokers

Arthur J. Gallagher & Co. has acquired Mike Henry Insurance Brokers Limited (MHIB), headquartered in Auckland, New Zealand. MHIB has annualized revenues of approximately $4.5 million and 30 staff operating from its offices in Auckland and Christchurch, according to the …

Engle Martin Acquires Florida’s Totura & Co. Claims Firm

Atlanta-based independent claims adjusting firm Engle Martin & Associates Inc. has acquired Totura & Co., a regional claims adjusting firm based in Fort Lauderdale, Florida. Terms were not disclosed. John Quinn, president and CEO of Engle Martin said the deal …