Mergers and Acquisitions News

Allianz Sells Private Bank OLB to Private Equity Firm Apollo for $336M

German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) to U.S. private equity firm Apollo for 300 million euros ($336 million). Apollo, which is consolidating the northern German banking market …

Randall & Quilter to Sell Lloyd’s Agency to Medical Liability Insurer Coverys

Randall & Quilter Investment Holdings Ltd. announced it has reached agreement to sell the entire share capital of its Lloyd’s managing agency, R&Q Managing Agency Ltd. (RQMA), to Coverys, a provider of medical professional liability insurance based in Boston, Mass. …

Confie Adds Missouri Retail Insurance Locations

Confie, a California-based national provider of personal and commercial lines insurance, has expanded its insurance agency presence in Missouri. Confie acquired the Rodney D. Young Insurance group’s Missouri retail operations from Loya Insurance Group, which consist of locations in St. …

Legacy Specialist Compre to Acquire Irish Captive Insurer Equinox CA Europe

Compre, the independent insurance and reinsurance legacy specialist, today announces it has agreed to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-Lavalin. The Ireland-based captive insured the activities of SNC-Lavalin’s business in France from …

Arkansas Insurance Regulators OK Allied World, Vantapro Specialty Acquisition

The Arkansas Insurance Department has approved the acquisition of two domestic affiliated companies, Allied World Surplus Lines Insurance (AWSLIC) and Vantapro Specialty Insurance Co., by Swiss and Canadian companies. AWSLIC and Vantapro are each an Arkansas domiciled insurance company and …

Seeman Holtz Acquires Wisconsin’s Vincent, Urban, Walker & Assoc.

Seeman Holtz Property and Casualty Inc. has acquired Vincent, Urban, Walker & Associates, an independent insurance agency headquartered in Green Bay, Wis. Doug Walker and his partners at Vincent, Urban, Walker & Associates have served the Green Bay area and beyond for over …

J.M. Wilson Acquires Assets from Klinger Associates in Indianapolis

J.M. Wilson has acquired assets from Klinger Associates Inc., an Indianapolis-based wholesale insurance broker. The acquisition will allow J.M. Wilson to increase its brokerage business. The J.M. Wilson brokerage department has over 50 combined years of experience. J.M. Wilson is …

Arthur J. Gallagher & Co. Acquires 2 Michigan Insurance Agencies

Rolling Meadows, Illinois-based Arthur J. Gallagher & Co. has acquired Ann Arbor, Michigan-based insurance brokerages Armstrong/Robitaille/Riegle Inc. and Ann Arbor Business Advisors LLC. Terms of the transaction were not disclosed. Armstrong/Robitaille/Riegle is a full-service insurance broker offering employee benefits, retirement …

2 Corpus Christi Insurance Agencies Merge, Join Leavitt Group

Two Corpus Christi, Texas-based employee benefits providers, Heavin Insurance Agency and Arvak Insurance Group, have merged and joined the insurance broker network, Leavitt Group, to become Heavin, Otto & Leavitt. Will Heavin of Heavin Insurance Agency and John Otto of …

Arthur J. Gallagher & Co. Buys UK-Based Total Reward Group

Arthur J. Gallagher & Co., the insurance broker and risk management service firm, has announced the acquisition of Total Reward Group in Sevenoaks, England. Terms of the transaction were not disclosed. Founded in 2005, Total Reward Group is a consultancy …