Mergers and Acquisitions News

P/C Insurance M&As: Deal Value Up, More to Come

Merger and acquisition activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that the average deal size in the sector grew more …

Texas Insurance Agencies Higginbotham, Aycock & Fowler Merge

Fort Worth, Texas-based Higginbotham and Aycock & Fowler, in Lubbock, Texas, have merged. Both are independent insurance firms providing property and liability insurance, risk management and employee benefit services to businesses and individuals. Higginbotham in recent years has expanded throughout Texas by …

Arthur J. Gallagher & Co. Acquires NationAir Aviation Insurance

Arthur J. Gallagher & Co. has acquired NationAir Aviation Insurance (NationAir) based in West Chicago, Ill. Terms of the transaction were not disclosed. Founded in 1978, NationAir is a retail insurance broker offering commercial property/casualty and risk management insurance services specifically …

AmTrust Financial Services Completes CorePointe Insurance Acquisition

AmTrust Financial Services Inc. has completed the acquisition of Michigan-based CorePointe Insurance Co. Established in 1964, and located in Birmingham, Mich., CorePointe is a specialty property/casualty insurance company that markets commercial package insurance products primarily to automobile and motorcycle dealerships …

Amlin, Hiscox Say They Plan to Remain Independent Amid Flurry of M&As

Lloyd’s of London insurers Amlin plc and Hiscox Ltd. both said they have enough scale to stay independent and see no need to find a buyer amid a flurry of deals in the industry. Both insurers reported lower full-year pretax …

Associated Banc-Corp Completes Purchase of Ahmann & Martin Co.

Green Bay, Wis.-based Associated Banc-Corp reported it has closed the previously announced acquisition of Ahmann & Martin Co., a risk and benefits consulting firm in Minnesota, through a merger with and into Associated’s subsidiary, Associated Financial Group LLC. Associated Financial Group …

Confie Seguros Acquires Texas-Based Baja Auto Insurance

Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, Calif., announced it has acquired Baja Auto Insurance, which provides auto insurance throughout Texas. Founded in 2006 with one store in Dallas, Baja has since grown organically …

A.M. Best: Drivers Behind London Market M&A Activity to Continue

The changing dynamics in the specialist property/casualty sector continue to encourage merger and acquisition activity in the London market. A new briefing from A.M. Best notes that the need for insurers to leverage analytical capabilities and increase line size is becoming increasingly …

Houston-Based Broker, J.H. Blades, Acquires Energy Rival Burke-Daniels

J.H. Blades & Co. Inc., an energy-focused managing general agent based in Houston, announced it has purchased wholesale broker Burke-Daniels Co. Inc., which also specializes in the oil and gas energy sector. Terms of the deal were not disclosed. With …

Hub International Acquires San Antonio-Based Alexander Insurance Agency

Chicago-based Hub International Limited (Hub), has acquired Alexander Insurance Agency (Alexander), headquartered in San Antonio, Texas. Alexander is an independent brokerage with a focus on commercial lines insurance for the commercial towing and transportation industries. Terms of the acquisition were not disclosed. Alexander …