Insurance Journal » Mergers and Acquisitions http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 21 Nov 2014 21:37:44 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Minnesota’s North Risk Partners Merges with Thune Insurance Network http://www.insurancejournal.com/news/midwest/2014/11/21/347768.htm Fri, 21 Nov 2014 17:38:12 +0000 http://www.insurancejournal.com/?p=347768 St. Paul, Minn.-based independent insurance brokerage, North Risk Partners, announced it has merged with Thune Insurance Network, located in Northwest Minnesota with offices in Thief River Falls, Roseau and Baudette. The merger resulted in North Risk Partners’ growth to more than …

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Arthur J. Gallagher Acquires Iowa-Based Miller-Harrison Insurance Services http://www.insurancejournal.com/news/midwest/2014/11/20/347664.htm Thu, 20 Nov 2014 17:35:58 +0000 http://www.insurancejournal.com/?p=347664 Arthur J. Gallagher & Co. announced it has acquired Miller-Harrison Insurance Services in Muscatine, Iowa. Terms of the transaction were not disclosed. Founded in 1919, Miller-Harrison is a retail insurance broker providing commercial property/casualty, risk management consulting and personal lines insurance …

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Texas Agent Group Acquires LevelFirst, Forms IIAT Services MGA http://www.insurancejournal.com/news/southcentral/2014/11/13/346979.htm Thu, 13 Nov 2014 17:03:11 +0000 http://www.insurancejournal.com/?p=346979 The Independent Insurance Agents of Texas (IIAT) announced it is continuing its tradition of providing insurance markets for small independent agencies with the acquisition of Dallas-based managing general agency LevelFirst LLC. Operating as IIAT Services MGA, the new company will expand …

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Arthur J. Gallagher Acquires Illinois’ The Forker Co. http://www.insurancejournal.com/news/midwest/2014/11/12/346804.htm Wed, 12 Nov 2014 17:31:09 +0000 http://www.insurancejournal.com/?p=346804 Arthur J. Gallagher & Co. has acquired The Forker Company in Arlington Heights, Ill. Terms of the transaction were not disclosed. Established in 2000, The Forker Company (Forker) is a retail insurance agency that offers contract surety solutions to clients throughout the …

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EXL Acquires Underwriting Support Services Firm, Overland Solutions http://www.insurancejournal.com/news/midwest/2014/11/04/345878.htm Tue, 04 Nov 2014 17:15:05 +0000 http://www.insurancejournal.com/?p=345878 Business process solutions company EXL has acquired Overland Solutions Inc., an Overland Park, Kan.-based provider of underwriting support services including premium audit, commercial and residential underwriting surveys and outsourced loss control services for the insurance industry. Overland’s audit segment provides …

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Aon Benfield Buys Safe Brokers to Enhance Presence in Greece, Cyprus http://www.insurancejournal.com/news/international/2014/11/04/345832.htm Tue, 04 Nov 2014 13:56:15 +0000 http://www.insurancejournal.com/?p=345832 Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has acquired Safe Brokers to strengthen its investment in the Greek and Cypriot markets. Safe Brokers is an independent reinsurance broker with facultative and treaty premium of approximately EUR15 …

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Hub International to Acquire Chicago-Based Laurus Strategies http://www.insurancejournal.com/news/midwest/2014/10/29/345284.htm Wed, 29 Oct 2014 16:27:02 +0000 http://www.insurancejournal.com/?p=345284 Insurance brokerage Hub International Limited (Hub) announced its Chicago-area affiliate Hub International Midwest (Hub Midwest) plans to acquire Laurus Strategies (Laurus) from CSIG Holding Co. Laurus is an employee benefits, human resources, and human resource information system (HRIS) global benefits …

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The Horton Group Acquires BF&S Insurance http://www.insurancejournal.com/news/midwest/2014/10/22/344441.htm Wed, 22 Oct 2014 16:07:39 +0000 http://www.insurancejournal.com/?p=344441 Orland Park, Ill.-based insurance brokerage, The Horton Group, announced the acquisition of certain assets of Boyle, Flagg and Seaman (BF&S) Insurance, located in Illinois and Michigan. BF&S’s Illinois retail operations will now operate under the Horton name and staff will …

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Texas-Based Premium Finance Group to Be Sold to South Dakota’s MetaBank http://www.insurancejournal.com/news/southcentral/2014/10/15/343711.htm Wed, 15 Oct 2014 16:50:15 +0000 http://www.insurancejournal.com/?p=343711 Cecil Y. Ray Jr., chairman of AFS/IBEX and former chairman of The Rigg Group, has announced the sale of substantially all of the loan portfolio and related assets of Dallas-based AFS/IBEX Financial Services Inc. – including AFS/IBEX Financial Services Inc. of California and …

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Arthur J. Gallagher Acquires Illinois’ Bennett & Shade Co. http://www.insurancejournal.com/news/midwest/2014/10/14/343460.htm Tue, 14 Oct 2014 16:42:46 +0000 http://www.insurancejournal.com/?p=343460 Arthur J. Gallagher & Co. has acquired retail insurance broker Bennett & Shade Co. in Decatur, Ill. Terms of the transaction were not disclosed. Founded in 1906, Bennett & Shade provides commercial property/casualty, employee benefits, risk management consulting and personal lines …

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Aquiline Capital Partners Investing in Louisiana’s Worley Claims Services http://www.insurancejournal.com/news/southcentral/2014/10/10/343269.htm Fri, 10 Oct 2014 16:37:18 +0000 http://www.insurancejournal.com/?p=343269 Aquiline Capital Partners LLC (Aquiline), a New York-based private equity firm, announced it is acquiring a majority stake in Worley Claims Services (Worley), headquartered in Hammond, La. Founded in 1976, Worley provides of claims adjustment and related services across the …

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NSM Insurance Group Acquires Texas-Based Specialty Aviation Underwriters http://www.insurancejournal.com/news/southcentral/2014/10/02/342582.htm Thu, 02 Oct 2014 23:54:59 +0000 http://www.insurancejournal.com/?p=342582 NSM Insurance Group announced the acquisition of Specialty Aviation Underwriters (SAU), located in Addison, Texas. Founded over 20 years ago, SAU specializes in aviation products. NSM Insurance Group underwrites more than 20 admitted and non-admitted insurance programs nationally in very specific …

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Wisconsin’s R&R Insurance Services, Snyder Insurance Agency Merge http://www.insurancejournal.com/news/midwest/2014/09/15/340467.htm Mon, 15 Sep 2014 15:34:14 +0000 http://www.insurancejournal.com/?p=340467 R&R Insurance Services Inc. announced it the merger of  Snyder Insurance Agency, an independent insurance agency based in Oconomowoc, Wis. Both are well-established agencies in Waukesha County. R&R Insurance will be celebrating 40 years of service in southeastern Wisconsin next year …

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Arthur J. Gallagher Risk Management Acquires Dezelan Insurance Agency http://www.insurancejournal.com/news/midwest/2014/09/02/339202.htm Tue, 02 Sep 2014 16:17:55 +0000 http://www.insurancejournal.com/?p=339202 Arthur J. Gallagher Risk Management Services Inc. has acquired Dezelan Insurance Agency located in Indianapolis, Ind. Founded in 1927, Dezelan Insurance Agency (Dezelan) is a retail insurance broker providing property/casualty and risk management consulting services. The firm offers all lines …

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NFP Acquires Cincinnati, Ohio-Based Benefit Resources http://www.insurancejournal.com/news/midwest/2014/08/22/338426.htm Fri, 22 Aug 2014 16:38:29 +0000 http://www.insurancejournal.com/?p=338426 National Financial Partners Corp. (NFP), a provider of benefits, property/casualty and life insurance, and wealth management services, announced it has acquired Benefit Resources Inc., a Cincinnati-based insurance consulting and brokerage firm that has been a member of NFP’s Benefits Partners …

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Chicago-Based Linden Group Joins Digital Benefit Advisors http://www.insurancejournal.com/news/midwest/2014/08/12/337375.htm Tue, 12 Aug 2014 16:11:13 +0000 http://www.insurancejournal.com/?p=337375 Linden Group Health Services has joined Digital Benefit Advisors (DBA), a division of Digital Insurance. Digital acquired the Chicago firm, which specializes in group benefits solutions for small to mid-sized companies, and will open a second DBA office in Chicago, …

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Arthur J. Gallagher Acquires Missouri-Based Travel Insurance Agency http://www.insurancejournal.com/news/midwest/2014/08/11/337267.htm Mon, 11 Aug 2014 16:23:36 +0000 http://www.insurancejournal.com/?p=337267 Arthur J. Gallagher & Co. has acquired Trip Mate Inc., based in Kansas City, Mo. Established in 1989, Trip Mate is a full service travel insurance agency that provides a wide variety of travel protection plans and services for their travel …

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Hilb Group Acquires Martin Agency of Kentucky, Florida http://www.insurancejournal.com/news/southeast/2014/08/05/336770.htm Tue, 05 Aug 2014 12:57:38 +0000 http://www.insurancejournal.com/?p=336770 The Hilb Group  has acquired The Martin Agency Inc. (TMAI) with offices in Danville, Kentucky, and Celebration and Ormond Beach, Florida. TMAI will continue to operate at its current locations under the leadership of John Carrithers. TMAI represents THG’s continued …

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Minova Insurance Launches BMS Capital Advisory http://www.insurancejournal.com/news/international/2014/08/01/336472.htm Fri, 01 Aug 2014 10:38:29 +0000 http://www.insurancejournal.com/?p=336472 UK-based Minova Insurance Holdings announced the launch of BMS Capital Advisory, a broker-dealer registered with the SEC and a member of both the UK’s Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). BMS Capital Advisory is an …

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Dhandho Acquiring Louisiana’s Stonetrust Commercial Mutual Insurance http://www.insurancejournal.com/news/southcentral/2014/07/31/336332.htm Thu, 31 Jul 2014 16:44:18 +0000 http://www.insurancejournal.com/?p=336332 Stonetrust Commercial Mutual Insurance Holding Co. announced it has agreed to be acquired by Dhandho Holdings LP and Dhandho Holdings Qualified Purchaser LP, based in Irvine, Calif. Stonetrust is a Louisiana-based mutual insurance holding company and the parent company of …

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Arthur J. Gallagher Acquires Benefits Brokerage, Insurance Point http://www.insurancejournal.com/news/midwest/2014/07/31/336329.htm Thu, 31 Jul 2014 16:40:43 +0000 http://www.insurancejournal.com/?p=336329 Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Insurance Point LLC in St. Charles, Ill. and Salt Lake City, Utah.  Terms of the transaction were not disclosed. Insurance Point offers employee benefit consultation and insurance brokerage services for healthcare systems and hospitals throughout …

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Greater Texas Insurance Managers and Agency Merges with BKCW Insurance http://www.insurancejournal.com/news/southcentral/2014/07/21/335249.htm Mon, 21 Jul 2014 05:45:33 +0000 http://www.insurancejournal.com/?p=335249 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 …

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Corporate Insurance Group Merges with IMA Financial Group http://www.insurancejournal.com/news/midwest/2014/07/09/334124.htm Wed, 09 Jul 2014 16:12:45 +0000 http://www.insurancejournal.com/?p=334124 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 …

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TWFG Adds 10 Branch Agencies in Texas http://www.insurancejournal.com/news/southcentral/2014/06/12/331704.htm Thu, 12 Jun 2014 16:42:51 +0000 http://www.insurancejournal.com/?p=331704 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 …

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CoVerica Aqcuires Forbes-Troxel Insurance Agency in Rockwall, Texas http://www.insurancejournal.com/news/southcentral/2014/06/03/330891.htm Tue, 03 Jun 2014 16:22:26 +0000 http://www.insurancejournal.com/?p=330891 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

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State Auto Acquires Partners General Insurance Agency http://www.insurancejournal.com/news/midwest/2014/06/02/330777.htm Mon, 02 Jun 2014 16:33:02 +0000 http://www.insurancejournal.com/?p=330777 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 …

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Cotter to Head New Allied World Office in Sydney, Australia http://www.insurancejournal.com/news/international/2014/05/29/330332.htm Thu, 29 May 2014 10:43:46 +0000 http://www.insurancejournal.com/?p=330332 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 …

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Wisconsin’s AVID Risk Solutions, Brent Harris Agency Merge http://www.insurancejournal.com/news/midwest/2014/05/28/330298.htm Wed, 28 May 2014 22:51:35 +0000 http://www.insurancejournal.com/?p=330298 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 …

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Coverys to Acquire Nebraska’s Preferred Professional Insurance Co. http://www.insurancejournal.com/news/midwest/2014/05/13/328940.htm Tue, 13 May 2014 15:27:19 +0000 http://www.insurancejournal.com/?p=328940 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 …

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Ohio’s Kinker-Eveleigh Insurance Acquired by Marsh & Mclennan Agency http://www.insurancejournal.com/news/midwest/2014/05/09/328732.htm Fri, 09 May 2014 16:14:43 +0000 http://www.insurancejournal.com/?p=328732 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 …

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