Mergers and Acquisitions News

Greater Texas Insurance Managers and Agency Merges with BKCW Insurance

Independent insurance agency BKCW L.P. of Killeen, Texas, and Greater Texas Insurance Managers and Agency of Austin merged operations effective July 1, 2014. Greater Texas Insurance Managers and Agency will continue to do business at its current location on Anderson …

Corporate Insurance Group Merges with IMA Financial Group

The IMA Financial Group Inc. and its wholly owned subsidiary, IMA Inc., announced a merger with Corporate Insurance Group Inc. (CIG), located in Overland Park, Kan. CIG President George M. “Mac” Humphries III, will join IMA post-merger. CIG is a privately held …

TWFG Adds 10 Branch Agencies in Texas

The Woodlands Financial Group (TWFG) has added 10 more branch agencies in its home state of Texas. TWFG now operates with more than 200 branch offices in Texas along with its headquarters in The Woodlands, just north of Houston. It now has 309 branches in 21 …

CoVerica Aqcuires Forbes-Troxel Insurance Agency in Rockwall, Texas

CoVerica Inc. announced it has acquired property/casualty insurance agency, Forbes-Troxel Insurance Agency Inc., in Rockwall, Texas. CoVerica, also a property/casualty insurance agency, is based in Dallas. Source: CoVerica

State Auto Acquires Partners General Insurance Agency

Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) has completed its purchase of Partners General Insurance Agency (PGIA), a managing general underwriter specializing in excess and surplus lines general liability and excess liability insurance. With offices in California, Illinois …

Cotter to Head New Allied World Office in Sydney, Australia

Allied World Assurance Company Holdings, AG announced the opening of a new branch office of Allied World Assurance Company, Ltd in Sydney, Australia “to further expand distribution networks in the Asia Pacific region.”   Allied World appointed William Cotter, Executive …

Wisconsin’s AVID Risk Solutions, Brent Harris Agency Merge

AVID Risk Solutions of Madison, Wis., announced a partnership with the Brent Harris Agency of Prairie du Sac, Wis. The merger of the two companies is effective June 1, 2014. The Brent Harris Agency will continue to service current and …

Coverys to Acquire Nebraska’s Preferred Professional Insurance Co.

Medical Professional Mutual Insurance Co. (ProMutual), a Coverys member company, has plans to acquire Preferred Professional Insurance Co. (PPIC), located in Omaha, Neb. PPIC supports Catholic healthcare systems across the country by providing professional liability insurance, other casualty coverages, and …

Ohio’s Kinker-Eveleigh Insurance Acquired by Marsh & Mclennan Agency

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC, has acquired Kinker-Eveleigh Insurance Agency, a $3.5 million revenue agency located in Cincinnati, Ohio. Terms of the transaction were not disclosed. Founded in 1919, Kinker-Eveleigh offers a …

XL Group’s Financial Lines Launches M&A Division, Allen to Lead

XL Group has added a mergers and acquisitions (M&A) insurance division to its Financial Lines business and appointed Tim Allen to head the business line. The signs for 2014 are that M&A activity is on the rise. And, according to …