2017 mergers and acquisitions News

Seeman Holtz Property & Casualty Acquires Stirling Insurance of Florida

Seeman Holtz Property & Casualty, Inc. (SHP&C) has acquired Stirling Insurance Services, Inc., headquartered in Boca Raton, Florida. Stirling has served all of Florida for over 28, led by Terry Sgammato and his team who provide all insurance products and …

Hub Acquires Insurance Broker Integro’s Canada Unit

Chicago-based global insurance broker Hub International Ltd. has acquired the Canadian unit of insurance broker Integro Ltd. Terms of the acquisition were not disclosed. Integro Canada is a commercial property/casualty brokerage with offices in British Columbia, Ontario and Quebec, specializing …

Coverys to Acquire Global Insurance Management Company of Florida

Coverys, a medical professional liability insurer, and Global Insurance Management Company, Inc. (GIMC), a provider of medical professional liability insurance for physicians and other healthcare providers, have entered into a definitive merger agreement pursuant to which Coverys’ ProMutual Group, Inc. …

Arthur J. Gallagher Acquires Sweden’s Nordic Forsakring & Riskhantering

Arthur J. Gallagher & Co. announced the acquisition of Nordic Försäkring & Riskhantering AB (Nordic), located in Gothenburg, Sweden. Terms of the transaction were not disclosed. Founded in 1991, Nordic is a retail insurance broker offering a broad range of …

Markel to Acquire UK Building Services Insurer EC Insurance Co.

Markel International, the London-based specialist insurer and Markel Corp. subsidiary, plans to acquire the business of EC Insurance Co. Ltd. (ECIC). Sevenoaks, England-based ECIC, whose ultimate parent is the Electrical Contractors’ Association, provides a wide range of insurance products for …

NFP Acquires Beacon Insurance Group of South Carolina

NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client products, has acquired Beacon Insurance Group, Inc., of South Carolina. The transaction closed effective Aug. 1, 2017. Based in Bluffton, S.C., …

Aon to Buy Real Estate Investment Mgmt. Firm, Townsend Group, for $475M

Insurance broker Aon Plc said on Friday [Sept. 1] it would buy real estate investment management firm The Townsend Group from Colony NorthStar Inc for $475 million, helping expand its property investment management portfolio. Aon has been tweaking its portfolio …

Japan’s Sompo Holdings to Sell Sompo Canopius for $952M to Centerbridge

Japan’s Sompo Holdings Inc. announced it has agreed to sell Lloyd’s re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the purchase, Canopius will become a standalone business led by …

Allianz Acquires Nigeria’s Ensure Insurance to Expand in Key African Market

Allianz Group announced a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. Financial details of the transaction were not disclosed. Ensure Insurance Plc. offers life and non-life insurance …

AXIS Capital’s $611.5M Acquisition of Novae Approved in Shareholder Vote

AXIS Capital Holdings Ltd. announced that shareholders of Novae Group have approved the company’s acquisition by AXIS. Approximately 99.97 percent of shareholder votes were cast in favor of the deal. AXIS announced last week it had substantially sweetened its offer …