Mergers and Acquisitions News

Aetna-Humana Deal Approved in California, with Conditions

The California Department of Managed Health Care approved Aetna Inc.’s acquisition of Humana Inc. with conditions including the insurer’s commitment to keeping premium increases at a minimum in the small group HMO business and to making about $50 million in …

Risk Strategies Acquires Dallas-Based McLaughlin Brunson Agency

National insurance brokerage and risk management firm, Risk Strategies Company, has acquired Dallas-based McLaughlin Brunson Insurance Agency. McLaughlin Brunson provides insurance products and services to architects, engineers and certified professional accountants in Texas and Oklahoma. The firm will be known …

Houston-Based The Stevenson Group Acquired by Digital Benefit Advisors

National employee benefits firm, Digital Benefit Advisors (DBA), has acquired its second Houston-based firm, The Stevenson Group. Principals Brian and Audrey Stevenson, along with their 16-member team will continue servicing clients of the firm which has been providing professional services …

Allianz Plans to Purchase Zurich’s Moroccan Division for $275M

Allianz Group plans to pay more than $275 million for Zurich Insurance’s Moroccan subsidiary. The deal for Zurich Assurances Maroc is expected to close at the end of 2016, pending regulatory approvals. Zurich’s sale of its Moroccan division follows a …

Zurich to Sell General Insurance Operations in Taiwan to Hotai Motor

Zurich Insurance will sell its general insurance operations in Taiwan to Hotai Motor Co. Ltd., with the business to become part of the Hotai Group, subject to approvals and conditions from the supervisory regulator. Hotai Motor Co. Ltd. has become …

Arthur J. Gallagher & Co. Acquires Wisconsin Employee Benefits Firm

Arthur J. Gallagher & Co. has acquired The Buchholz Planning Corp. (BPC), located in Madison, Wis. Terms of the transaction were not disclosed. Founded in 1968, BPC provides employee benefits consulting and brokerage services for middle-market and large businesses and individuals …

Ongoing Soft Market Tops Reinsurers’ Concerns: Xuber Survey

Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline, according to a survey completed by Xuber, the insurance software business …

Run-Off Specialist Compre to Buy Allianz IARD’s Pool Legacy Business

Compre, the independent insurance and reinsurance legacy specialist, has agreed to acquire Allianz IARD’s Ridgwell Fox & Partners (RFP) pool legacy reinsurance business for an undisclosed sum. RFP is a reinsurance pool containing run-off liabilities of Allianz IARD and five …

Ohio-Based The Hoffman Group Acquired by Oswald Companies

Oswald Companies, headquartered in Cleveland, Ohio, has acquired The Hoffman Group, an Ohio insurance firm founded in 1919. Hoffman’s employees are now employee-owners of Oswald and will operate out of offices in Cleveland and Medina, Ohio. Hoffman’s professionals will continue …

Arthur J. Gallagher & Co. Acquires KRW Insurance Agency in Illinois

Insurance broker Arthur J. Gallagher & Co. has acquired KRW Insurance Agency Inc. located in Crystal Lake, Ill. Terms of the transaction were not disclosed. Established in the 1940s, KRW Insurance Agency (KRW) is a retail insurance broker providing commercial property/casualty, …