Insurance Journal » Mergers and Acquisitions http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 07 Jul 2015 19:00:14 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 Hortica Now a Member of Wisconsin’s Sentry Insurance Group http://www.insurancejournal.com/news/midwest/2015/07/07/374057.htm Tue, 07 Jul 2015 15:27:36 +0000 http://www.insurancejournal.com/?p=374057 Sentry Insurance, headquartered in Stevens Point, Wis., and Edwardsville, Ill.-based Hortica Insurance (Florists’ Mutual Insurance Company) have joined forces. After review and approval by both the Wisconsin Office of the Commissioner of Insurance and Illinois Department of Insurance, Hortica is …

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PartnerRe’s Ex-CEO: Shareholders Should Vote Against AXIS Merger Plan http://www.insurancejournal.com/news/international/2015/07/06/374097.htm Mon, 06 Jul 2015 08:32:51 +0000 http://www.insurancejournal.com/?p=374097 PartnerRe Ltd.’s former Chief Executive Officer Patrick Thiele said the reinsurer’s shareholders should vote against a planned merger with AXIS Capital Holdings Ltd. and called the cash offer from Italy’s EXOR SpA a better option. A combination with AXIS would …

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Redpoint Insurance Acquires Texas’ Safeway County Mutual http://www.insurancejournal.com/news/southcentral/2015/07/06/374054.htm Mon, 06 Jul 2015 05:14:56 +0000 http://www.insurancejournal.com/?p=374054 Redpoint Insurance Group LLC has acquired Safeway County Mutual Insurance Co. in Dallas, Texas. Terms of the transaction were not disclosed. Safeway County Mutual Insurance will operate under the name Redpoint County Mutual Insurance Co. Redpoint County Mutual will specialize …

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Marsh & Mclennan Agency Acquires J.W. Terrill in Missouri http://www.insurancejournal.com/news/midwest/2015/07/02/373842.htm Thu, 02 Jul 2015 05:55:45 +0000 http://www.insurancejournal.com/?p=373842 Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh, has acquired St. Louis, Mo.-based J.W. Terrill, one of the largest independent agencies in the Midwest. Terms of the transaction were not disclosed. This acquisition is MMA’s first in Missouri. …

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DUAL Enters Central, East European Market with Launch of DUAL Polska http://www.insurancejournal.com/news/international/2015/07/01/373634.htm Wed, 01 Jul 2015 11:47:48 +0000 http://www.insurancejournal.com/?p=373634 DUAL Group, the underwriting arm of Hyperion Insurance Group, announced its launch into Central and Eastern Europe (CEE), following the acquisition of the majority stake of Toruń, Poland-headquartered insurance specialist, Data Connect Direct (DCD). This acquisition, which creates DUAL Polska, …

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Willis CEO, Casserley, Opts Against Taking Severance Pay in Towers Watson Deal http://www.insurancejournal.com/news/international/2015/07/01/373631.htm Wed, 01 Jul 2015 11:31:18 +0000 http://www.insurancejournal.com/?p=373631 Willis Group Holdings plc’s chief executive officer, who is taking a lesser role under the insurance broker’s planned merger with Towers Watson & Co., has opted against taking some compensation that he was entitled to get. “Dominic Casserley will not receive a …

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Hiscox Strengthens UK Motor Offering with Purchase of RH Specialist Insurance http://www.insurancejournal.com/news/international/2015/06/26/373140.htm Fri, 26 Jun 2015 06:42:00 +0000 http://www.insurancejournal.com/?p=373140 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 …

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Redpoint Insurance Acquiring Hallmark Workers’ Comp Business http://www.insurancejournal.com/news/southcentral/2015/06/25/373078.htm Thu, 25 Jun 2015 20:46:47 +0000 http://www.insurancejournal.com/?p=373078 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 …

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NFP Property & Casualty Acquires Texas’ AutoGroup Services http://www.insurancejournal.com/news/southcentral/2015/06/25/373045.htm Thu, 25 Jun 2015 16:31:41 +0000 http://www.insurancejournal.com/?p=373045 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 …

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NFP Acquires Chicago’s Schwartz Insurance Agency http://www.insurancejournal.com/news/midwest/2015/06/23/372707.htm Tue, 23 Jun 2015 16:32:17 +0000 http://www.insurancejournal.com/?p=372707 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. …

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Michigan Regulators OK Meadowbrook/Fosun International Transaction http://www.insurancejournal.com/news/midwest/2015/06/22/372598.htm Mon, 22 Jun 2015 16:56:07 +0000 http://www.insurancejournal.com/?p=372598 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, …

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China’s Fosun International to Acquire Phoenix Holdings From Israel’s Delek http://www.insurancejournal.com/news/international/2015/06/22/372508.htm Mon, 22 Jun 2015 07:31:52 +0000 http://www.insurancejournal.com/?p=372508 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 …

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Sedgwick Claims Subsidiary Buys Michigan’s Ternullo & Assoc. http://www.insurancejournal.com/news/midwest/2015/06/19/372464.htm Fri, 19 Jun 2015 16:41:07 +0000 http://www.insurancejournal.com/?p=372464 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 …

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AXIS Capital Not Engaged in Buyout Talks with Arch – Sources http://www.insurancejournal.com/news/international/2015/06/19/372394.htm Fri, 19 Jun 2015 08:20:44 +0000 http://www.insurancejournal.com/?p=372394 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 …

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Texas-Based Walker Myers Acquired by The Hilb Group http://www.insurancejournal.com/news/southcentral/2015/06/18/372271.htm Thu, 18 Jun 2015 16:42:29 +0000 http://www.insurancejournal.com/?p=372271 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 …

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AXIS Share Price Climbs on Speculation It Is Potential Takeover Target http://www.insurancejournal.com/news/international/2015/06/16/372016.htm Tue, 16 Jun 2015 21:52:22 +0000 http://www.insurancejournal.com/?p=372016 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 …

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USI Acquires First Merchants’ Insurance Brokerage http://www.insurancejournal.com/news/midwest/2015/06/15/371823.htm Mon, 15 Jun 2015 16:53:12 +0000 http://www.insurancejournal.com/?p=371823 USI Insurance Services (USI) has acquired Indiana-based First Merchants Insurance Group, a retail property/casualty and employee benefits insurance brokerage operation, from First Merchants Corp. (First Merchants). This acquisition further strengthens USI’s presence as one of the leading middle market insurance …

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NU Holdings Acquires Indianapolis Loss Control Services Firm http://www.insurancejournal.com/news/midwest/2015/06/10/371154.htm Wed, 10 Jun 2015 16:51:25 +0000 http://www.insurancejournal.com/?p=371154 NU Holdings Inc., based in Dayton, Ohio, has acquired Indianapolis-based Thorn Valley Enterprises, which provides loss control services to insurers and general agencies. Thorn Valley has been in operation since 2000. According to the companies’ announcement, investments in technology, expanded marketing …

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Tokio Marine to Buy HCC for $7.5B in Biggest Ever Deal by Japanese Insurer http://www.insurancejournal.com/news/national/2015/06/10/371096.htm Wed, 10 Jun 2015 09:10:16 +0000 http://www.insurancejournal.com/?p=371096 Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at home. Tokio Marine will pay $78 in cash …

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Update: Bermuda Court Rules in Favor of PartnerRe; EXOR Responds http://www.insurancejournal.com/news/international/2015/06/08/370788.htm Mon, 08 Jun 2015 13:05:06 +0000 http://www.insurancejournal.com/?p=370788 The Supreme Court of Bermuda has denied EXOR’s request to obtain shareholder information from PartnerRe, the reinsurer that is seeking to merge with AXIS Capital Holdings and avoid a hostile takeover from EXOR SpA. “EXOR’s application has been denied and …

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Hudson Insurance Acquires Euclid Managers of Kansas City http://www.insurancejournal.com/news/midwest/2015/06/04/370568.htm Thu, 04 Jun 2015 16:57:13 +0000 http://www.insurancejournal.com/?p=370568 Hudson Insurance Co. (Hudson) has acquired Euclid Managers LLC of Kansas City, Mo. (Euclid-KC) from Euclid Insurance Services Inc. and Euclid-KC’s management. Euclid-KC is an underwriting and claims manager for internet, tech, media, manufacturers and miscellaneous professional liability risks. The …

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Kansas-Based Infinity Insurance Solutions Acquired by Patriot National http://www.insurancejournal.com/news/midwest/2015/06/04/370560.htm Thu, 04 Jun 2015 16:49:55 +0000 http://www.insurancejournal.com/?p=370560 Patriot National Inc., headquartered in Fort Lauderdale, Fla., has acquired Infinity Insurance Solutions, a premium auditing and underwriting survey agency based in Overland Park, Kan. Infinity serves providers of workers’ compensation, general liability and property and casualty insurance. Infinity’s President Steve Sales will …

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AssuredPartners Acquires Indianapolis’ CoLiance Risk Advisors http://www.insurancejournal.com/news/midwest/2015/06/04/370537.htm Thu, 04 Jun 2015 16:25:07 +0000 http://www.insurancejournal.com/?p=370537 Lake Mary, Fla.-based AssuredPartners Inc. has acquired CoLiance Risk Advisors through its AssuredPartners of Indiana subsidiary. The Indianapolis-based agency will operate under the local leadership of Managing Director Judd Feldman. CoLiance is a full service commercial property and casualty and …

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EXOR Files Suit to Get PartnerRe’s Shareholder List; Takeover Battle Heats Up http://www.insurancejournal.com/news/international/2015/06/04/370512.htm Thu, 04 Jun 2015 11:21:30 +0000 http://www.insurancejournal.com/?p=370512 EXOR, the Turin, Italy-based investment company and a suitor in the ongoing takeover battle of PartnerRe, filed a lawsuit on June 1 in the Supreme Court of Bermuda, seeking to obtain PartnerRe’s list of shareholders in order to make sure …

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Confie Acquires Colyer Insurance in San Antonio http://www.insurancejournal.com/news/southcentral/2015/06/02/370279.htm Tue, 02 Jun 2015 16:39:52 +0000 http://www.insurancejournal.com/?p=370279 National personal lines insurance specialist, Confie, has acquired Colyer Insurance Agency Inc. of San Antonio, Texas. Colyer Insurance has been part of the San Antonio community for over 35 years providing personal lines. Based in California, Confie has acquired and …

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Swiss Re Targets Nigerian Acquisition, Seeking to Tap African Growth Rates http://www.insurancejournal.com/news/international/2015/06/02/370248.htm Tue, 02 Jun 2015 15:06:30 +0000 http://www.insurancejournal.com/?p=370248 Swiss Re AG, which has had an African presence for more than 60 years, said it’s in talks with Nigerian insurers to buy minority stakes and benefit from growth in the continent’s largest economy. “We’d like to have more investments in places …

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Shareholders to Vote on Proposed Merger of AXIS Capital, PartnerRe on July 24 http://www.insurancejournal.com/news/international/2015/06/02/370204.htm Tue, 02 Jun 2015 10:55:07 +0000 http://www.insurancejournal.com/?p=370204 AXIS Capital Holdings Ltd. and PartnerRe Ltd. have scheduled special shareholder meetings to vote on the proposed merger of AXIS Capital and PartnerRe. AXIS Capital’s special meeting of shareholders in connection with the proposed merger will be held on July …

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Marsh to Acquire UK-Based Broker, SME Insurance Services http://www.insurancejournal.com/news/international/2015/06/02/370197.htm Tue, 02 Jun 2015 09:18:46 +0000 http://www.insurancejournal.com/?p=370197 Marsh announced it has reached a definitive agreement to acquire SME Insurance Services (SMEi), a UK independent broker which provides specialist commercial insurance to small and medium-sized enterprises. Terms of the transaction, which is expected to close in the third …

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Marsh Acquires Texas-Based MHBT http://www.insurancejournal.com/news/southcentral/2015/06/01/370156.htm Mon, 01 Jun 2015 22:09:58 +0000 http://www.insurancejournal.com/?p=370156 Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh LLC, has acquired Dallas, Texas-based MHBT Inc., one of the nation’s largest independent insurance brokers. Terms of the transaction were not disclosed. With roots dating back nearly 100 years, MHBT …

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Fosun’s Equity Deals to Intensify as It Seeks to Fund Acquisition Ambitions http://www.insurancejournal.com/news/international/2015/05/29/369896.htm Fri, 29 May 2015 07:27:50 +0000 http://www.insurancejournal.com/?p=369896 A $1.2 billion share sale by Fosun International Ltd. this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt to fund its huge acquisition …

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