Mergers and Acquisitions News

Hiscox Strengthens UK Motor Offering with Purchase of RH Specialist Insurance

Bermuda-based specialist insurer Hiscox announced it has reached an agreement with Willis to acquire its specialist UK classic car business, RH Specialist Insurance. This acquisition complements Hiscox’s existing expertise in the motor market, having offered specialist and classic car insurance …

Redpoint Insurance Acquiring Hallmark Workers’ Comp Business

Dallas-based Redpoint Insurance Group LLC is purchasing the workers’ compensation business of American Hallmark Insurance Co. of Texas, located in Austin. The acquisition is expected to close effective July 1, 2015. Terms of the transaction were not disclosed. The Hallmark …

NFP Property & Casualty Acquires Texas’ AutoGroup Services

Insurance broker and consultant, NFP, has acquired specialty agency AutoGroup Services (AGS), based in Fort Worth, Texas. Founded in 2000, AGS consults with auto dealerships to help maximize the profitability of their finance and insurance departments. The firm tailors dealership …

NFP Acquires Chicago’s Schwartz Insurance Agency

Insurance broker and consultant, NFP Corp., has acquired Schwartz Insurance Agency Inc. (SIA), located in the Chicago area. SIA is a third-generation insurance broker specializing in commercial lines. The firm joins NFP Property & Casualty’s Midwest region, where Michael L. …

Michigan Regulators OK Meadowbrook/Fosun International Transaction

Michigan insurance regulators have approved the acquisition of Southfield-based Meadowbrook Insurance Group Inc. by China’s Fosun International Limited. Meadowbrook Insurance Group announced that it received the required regulatory approvals from the Michigan Department of Insurance and Financial Services on June 18, …

China’s Fosun International to Acquire Phoenix Holdings From Israel’s Delek

Delek Group Ltd. agreed to sell its controlling stake in Phoenix Holdings Ltd., Israel’s fourth- largest insurance provider by market value, to China’s Fosun International Ltd. The Netanya, Israel-based holding company announced on Sunday it would sell its entire 52 percent stake …

Sedgwick Claims Subsidiary Buys Michigan’s Ternullo & Assoc.

Unified Investigations & Sciences Inc., a subsidiary of Sedgwick Claims Management Services Inc., has acquired Stephen Ternullo & Associates, a provider of structural engineering, forensic investigations and fire investigation services to the property and casualty insurance market and architects, developers and …

AXIS Capital Not Engaged in Buyout Talks with Arch – Sources

AXIS Capital Holdings Ltd. has not communicated with any potential acquirer, including Arch Capital Ltd., since it engaged in merger talks with competitor PartnerRe Ltd last fall, people familiar with the matter said on Thursday. The Financial Times wrote on …

Texas-Based Walker Myers Acquired by The Hilb Group

The Hilb Group LLC (THG) has acquired Texas-based Walker Myers Insurance & Risk Management LLC. With offices in Houston, San Antonio, Austin and Corpus Christi, Walker Myers presents its clients an array of insurance and consultative offerings with expertise in …

AXIS Share Price Climbs on Speculation It Is Potential Takeover Target

AXIS Capital Holdings Ltd., the insurer that agreed to merge with PartnerRe Ltd., jumped in New York trading on speculation that the deal could fall apart, which could put AXIS in play to be taken over by another company. EXOR SpA, the …