Mergers and Acquisitions News

Canada’s CMW & Capri Insurance Services Announce Merger

CMW Insurance Services Ltd. and Capri Insurance Services Ltd. announced they merged on Jan. 1, 2017 to create “one of the largest insurance brokerages and risk management firms in Western Canada.” The two independent and employee-owned British Columbia-based companies have …

Compre Buys Re/Insurance Run-Off of UK Branch of AG Insurance

Compre, the London-based legacy specialist, announced it has agreed to acquire all of the insurance and reinsurance business in run-off of the UK branch of AG Insurance SA for an undisclosed sum. The transaction is structured as a loss portfolio …

Arthur J. Gallagher & Co. Acquires Chicago’s Gruppo Marcucci

Arthur J. Gallagher & Co. has acquired the Chicago-based consulting firm, Gruppo Marcucci LLC (GPM). Terms of the transaction were not disclosed. Founded in 2005, Gruppo Marcucci specializes in human resources (HR) and benefits technology solutions for benefit brokers and consultants, …

Randall & Quilter Acquires Captive Insurer Clariant Insurance AG

R&Q Insurance (Malta) Ltd. (R&Q) announced it has acquired the entire issued share capital of Clariant Insurance AG from its owners Clariant AG. Clariant Insurance, or CI, was formed in 2005 as the Liechtenstein registered captive insurer for the Swiss …

Assurant to Acquire Midwest-Based Green Tree Insurance Agency

Global risk management products and services provider, Assurant Inc., announced an agreement to acquire Green Tree Insurance Agency Inc., which has offices in Minnesota and South Dakota. Assurant is buying Green Tree from a wholly-owned subsidiary of Walter Investment Management …

Hub Int’l Buys Canada’s Mainline Insurance Brokers & Affiliated Firms

Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance Services (1995) Ltd. — all known as Mainline. Terms of the acquisition …

Economical Completes Purchase of Canada’s Largest Pet Insurer

Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced the completion of its previously announced acquisition of Western Financial Insurance Co. (WFIC) and its flagship brand Petsecure from Desjardins Group. Concurrent with the acquisition, WFIC changed …

Ryan Specialty Group Buys Navigators’ Agency Operations in Sweden, Denmark

Ryan Specialty Group LLC has acquired The Navigators Group Inc.’s insurance agency operations in Sweden and Denmark. The transaction represents a 100 percent acquisition of Navigators’ Sweden and Denmark corporations, NUAL AB and Navigators A/S, respectively. Navigators’ local employees have …

Marsh Completes Acquisition of Bluefin Insurance from AXA

Marsh, the wholly owned subsidiary of Marsh & McLennan Cos., said it has completed the previously announced acquisition of Bluefin Insurance Group Ltd., a subsidiary of AXA UK plc, from AXA Group. Founded in 2008, Bluefin has approximately 1,500 colleagues …

Wisconsin’s AIS Technology, Maryland-Based Kite Tech Merging

Maryland-based Kite Technology Group and Wisconsin-based AIS Technology are merging their operations effective Jan. 2, 2017. The merged company will operate under the name Kite Technology Group. Nick Oliver, owner and president of AIS Technology, will join Kite Technology Group (KiteTech) …