Insurance Journal » Mergers and Acquisitions http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Thu, 03 Sep 2015 19:57:03 +0000 en-US hourly 1 http://wordpress.org/?v=4.3 MedPro Group Finalizes Acquisition of Oklahoma-Based PLICO http://www.insurancejournal.com/news/southcentral/2015/09/03/380712.htm Thu, 03 Sep 2015 16:36:06 +0000 http://www.insurancejournal.com/?p=380712 MedPro Group (MedPro), a Berkshire Hathaway subsidiary, has its completed its acquisition of healthcare liability insurer PLICO Inc. (PLICO) from the Oklahoma State Medical Association (OSMA). The transaction process — from signing to closing — took less than 60 days, the …

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A.M. Best: Reinsurance Sector Faces New Reality Shaped by Abundant Capacity http://www.insurancejournal.com/news/international/2015/09/03/380671.htm Thu, 03 Sep 2015 14:49:12 +0000 http://www.insurancejournal.com/?p=380671 The reinsurance market is operating in a new reality of abundant capacity from traditional and alternative sources, low interest rates and thinner reinsurance margins, driven by intense competition against shrinking demand for reinsurance cover, according to A.M. Best’s annual special …

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A.J. Renner & Associates Acquired by RT Specialty http://www.insurancejournal.com/news/midwest/2015/09/02/380409.htm Wed, 02 Sep 2015 16:37:30 +0000 http://www.insurancejournal.com/?p=380409 R-T Specialty LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group LLC, has acquired A.J. Renner & Associates, an Illinois-based wholesale insurance broker specializing in the life science arena. Following the close of the transaction, the core of the …

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Arthur J. Gallagher Acquires Missouri Program Administrator http://www.insurancejournal.com/news/midwest/2015/09/01/380257.htm Tue, 01 Sep 2015 16:42:27 +0000 http://www.insurancejournal.com/?p=380257 International insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has acquired program administrator, National Administration Co., based in Chesterfield, Mo. Terms of the transaction were not disclosed. Founded in 1987, National Administration Co. (NAC) is a national …

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S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model http://www.insurancejournal.com/news/international/2015/08/28/379955.htm Fri, 28 Aug 2015 08:00:50 +0000 http://www.insurancejournal.com/?p=379955 Reinsurance M&A activity should continue well into 2016 as competitive pressures continue unabated, Standard & Poor’s said in a new report. The ratings firm said that the Berkshire Hathaways of the world – investment holding companies seeking to enter the insurance …

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AssuredPartners Acquires Insurance & Benefits Group in Missouri http://www.insurancejournal.com/news/midwest/2015/08/27/379885.htm Thu, 27 Aug 2015 16:27:57 +0000 http://www.insurancejournal.com/?p=379885 AssuredPartners Inc. has acquired Insurance & Benefits Group LLC (IBG), headquartered in Sedalia, Mo. IBG’s 31 employees will continue to operate from its three Missouri locations — Sedalia, Lee’s Summit and Warrensburg — under the local leadership of IBG President …

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UK’s PI Insurance Sector Expected to Grow by Almost 6% Annually: Report http://www.insurancejournal.com/news/international/2015/08/27/379848.htm Thu, 27 Aug 2015 13:23:59 +0000 http://www.insurancejournal.com/?p=379848 The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of a new report by London-based business intelligence company, Timetric. …

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Integro Acquires Entertainment Risk Management, London-Based MGA http://www.insurancejournal.com/news/international/2015/08/26/379675.htm Wed, 26 Aug 2015 09:39:55 +0000 http://www.insurancejournal.com/?p=379675 The insurance brokerage and risk management firm Integro Ltd. has acquired Entertainment Risk Management Ltd. (ERM), a London-based managing general agent (MGA), to augment its international entertainment practice.  Financial details of the transaction have not been disclosed. ERM primarily serves brokers …

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Investor Doubts Remain About Zurich’s $8.8B Tentative Offer for UK’s RSA http://www.insurancejournal.com/news/international/2015/08/26/379667.htm Wed, 26 Aug 2015 07:41:21 +0000 http://www.insurancejournal.com/?p=379667 Zurich Insurance Group AG’s announcement that it’s considering a 5.6 billion-pound ($8.8 billion) offer for RSA Insurance Group plc is leaving investors in doubt that the takeover will happen at that price. RSA rose 4.6 percent to 517.5 pence at 4:17 p.m. in London …

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Fitch: Downward Pricing Pressures in Reinsurance Market Begin to Slow http://www.insurancejournal.com/news/international/2015/08/25/379503.htm Tue, 25 Aug 2015 09:52:34 +0000 http://www.insurancejournal.com/?p=379503 The reinsurance market showed signs of decelerating rate declines in its most recent June/July 2015 renewals, indicating that pricing could be approaching a new equilibrium, says Fitch Ratings in a new global sector report. Reinsurance pricing has experienced downward pressures …

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Zurich Insurance Offers $8.8 Billion to Acquire UK’s RSA http://www.insurancejournal.com/news/international/2015/08/25/379496.htm Tue, 25 Aug 2015 07:21:06 +0000 http://www.insurancejournal.com/?p=379496 Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion pounds ($8.8 billion). RSA is willing to recommend the possible offer of 550 pence a share to its shareholders provided satisfactory terms are met, …

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Amlin’s CEO Philipps Dampens Market Rumors That Insurer Is for Sale http://www.insurancejournal.com/news/international/2015/08/24/379366.htm Mon, 24 Aug 2015 09:56:35 +0000 http://www.insurancejournal.com/?p=379366 Amlin plc Chief Executive Officer Charles Philipps damped speculation that the Lloyd’s of London insurer is looking for a buyer, saying the firm is strong enough to remain independent. “We are not for sale, we are not running a sale …

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Shareholders in UK’s RSA Bracing for Lowball Bid from Suitor Zurich Insurance http://www.insurancejournal.com/news/international/2015/08/24/379352.htm Mon, 24 Aug 2015 07:03:27 +0000 http://www.insurancejournal.com/?p=379352 Shareholders in British insurer RSA are bracing for a lowball bid from prospective suitor Zurich Insurance, putting one of Europe’s largest ever insurance deals in doubt. After flagging its interest to the market on July 28, Zurich has until Tuesday …

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Meadowbrook Insurance Acquires Mackinaw Administrators http://www.insurancejournal.com/news/midwest/2015/08/20/379155.htm Thu, 20 Aug 2015 16:40:35 +0000 http://www.insurancejournal.com/?p=379155 Meadowbrook Insurance Group Inc., based in Southfield, Mich., has acquired Mackinaw Administrators LLC (Mackinaw). Founded in 1995, Mackinaw is a Michigan-based program and claims administrator that provides tailored insurance and risk management programs and other related services for both group …

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Texas’ TCOR Management Forms New Agency, TIA-TCOR http://www.insurancejournal.com/news/southcentral/2015/08/19/379080.htm Thu, 20 Aug 2015 00:24:43 +0000 http://www.insurancejournal.com/?p=379080 TCOR Management, based in New Braunfels, Texas, announced it has formed a new insurance agency, TIA-TCOR LLC, dba Texas Insurance Agency. With Ben Reedy as principal, San Antonio-based TIA-TCOR provides insurance, risk management, surety and employee benefits to organizations across …

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Illinois Agencies AAdvantage Insurance, Premier Insurance Merge http://www.insurancejournal.com/news/midwest/2015/08/19/379078.htm Thu, 20 Aug 2015 00:21:00 +0000 http://www.insurancejournal.com/?p=379078 AAdvantage Insurance Group in Glen Carbon, Ill., led by founder Dave Viox, recently announced a merger with Premier Insurance Associates located in Edwardsville, Ill. Vince and Deb Valesano, former owners of Premier Insurance Associates, will also join AAdvantage Insurance Group. …

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Higginbotham, Commercial Global Insurance Join Forces http://www.insurancejournal.com/news/southcentral/2015/08/11/378113.htm Tue, 11 Aug 2015 16:21:08 +0000 http://www.insurancejournal.com/?p=378113 Independent insurance broker Higginbotham, based in Fort Worth, and Commercial Global Insurance (CGI) are merging their operations in Friendswood, Texas. CGI is an independent broker in Deer Park, Texas. CGI will merge its five-person group into Higginbotham’s office in nearby Friendswood this month. Beginning in 2008, Higginbotham started a …

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AIG, Other Insurers Avoid Offering Cover for Tax Risks in Indian M&As http://www.insurancejournal.com/news/international/2015/08/11/378054.htm Tue, 11 Aug 2015 07:43:33 +0000 http://www.insurancejournal.com/?p=378054 Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India’s whimsical tax regime to help convince insurers. Companies from Allianz SE to American International Group Inc. are avoiding offering tax-liability coverage in …

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Howden UK Acquires Perkins Slade, Independent Broker http://www.insurancejournal.com/news/international/2015/08/10/377999.htm Mon, 10 Aug 2015 14:38:27 +0000 http://www.insurancejournal.com/?p=377999 Howden UK, part of the Hyperion Insurance Group, is delighted to announce the acquisition of Perkins Slade Forrest Holdings Ltd., subject to shareholder and regulatory approval. Perkins Slade is a leading independent insurance broker that operates in three areas of …

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Gallagher Plans to Buy Controlling Stake in Colombian Broker Guianza http://www.insurancejournal.com/news/international/2015/08/07/377814.htm Fri, 07 Aug 2015 09:40:01 +0000 http://www.insurancejournal.com/?p=377814 Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has signed an agreement to acquire a controlling stake in Colombian retail insurance broker Guianza S.A. Corredores de Seguros, subject to regulatory approval. The remaining shares …

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Zurich Insurance’s Investors Grow Impatient with CEO Senn’s Strategy http://www.insurancejournal.com/news/international/2015/08/07/377810.htm Fri, 07 Aug 2015 09:17:20 +0000 http://www.insurancejournal.com/?p=377810 Martin Senn, Zurich Insurance Group AG’s chief executive officer, is considering a bid for RSA Insurance Group plc, one of the U.K.’s biggest insurers, after a cost-cutting program failed to revive returns for shareholders. Investors including GAM Holding AG are cautious about …

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Zurich Q2 Net Income Falls to $840M From $848M; CEO Weighs RSA Offer http://www.insurancejournal.com/news/international/2015/08/06/377677.htm Thu, 06 Aug 2015 10:40:37 +0000 http://www.insurancejournal.com/?p=377677 Zurich Insurance Group AG, the Swiss firm considering a bid for the UK’s RSA Insurance Group plc, reported profit that missed analysts estimates as earnings dropped 43 percent at the general insurance unit and it made a loss on unit-linked investments. Net income in …

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AIG Focuses on Integrating Japan Businesses, Rather Than Additional M&As http://www.insurancejournal.com/news/international/2015/08/05/377533.htm Wed, 05 Aug 2015 11:45:49 +0000 http://www.insurancejournal.com/?p=377533 American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan. The timetable for merging AIU with Fuji Fire & Marine has been pushed back to 2016 or …

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Risk Innovations Acquires Columbia Commercial General Agency http://www.insurancejournal.com/news/midwest/2015/08/04/377482.htm Tue, 04 Aug 2015 18:30:56 +0000 http://www.insurancejournal.com/?p=377482 Atlanta, Ga.-based Risk Innovations LLC has acquired Columbia Commercial General Agency (CCGA), headquartered in Columbia, Mo. The deal was effective Aug. 1, 2015. The acquired business will continue to operate in Columbia under the Risk Innovations name and management team. Risk …

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Hub International Acquires BW Insurance Agency http://www.insurancejournal.com/news/midwest/2015/08/04/377454.htm Tue, 04 Aug 2015 16:47:27 +0000 http://www.insurancejournal.com/?p=377454 Hub International Limited (Hub), a global insurance brokerage based in Chicago, has acquired BW Insurance Agency Inc. (BWIA) a wholly-owned subsidiary of Bank of the West. BWIA is a multi-line property and casualty, personal and employee benefits insurance brokerage. Terms of …

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Confie Adds Dallas-Based Insurance King Auto Agency http://www.insurancejournal.com/news/southcentral/2015/08/03/377279.htm Mon, 03 Aug 2015 16:30:56 +0000 http://www.insurancejournal.com/?p=377279 Confie, a national provider of personal lines insurance, has acquired the business of Insurance King Auto Agency LLC, which has two locations in Dallas The family-owned agency was established in March 2010 and specializes in personal lines. Established in 2008, …

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Marsh & McLennan Agency Acquires Cline Wood in Kansas City http://www.insurancejournal.com/news/midwest/2015/08/03/377277.htm Mon, 03 Aug 2015 16:28:54 +0000 http://www.insurancejournal.com/?p=377277 Marsh & McLennan Agency LLC (MMA) has acquired Cline Wood Agency, a suburban Kansas City-based independent specialty insurance agency. Terms of the transaction were not disclosed. Founded in 1984, Cline Wood specializes in providing property/casualty insurance and risk management and …

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Update: EXOR to Acquire PartnerRe After Scrapping Deal with AXIS http://www.insurancejournal.com/news/international/2015/08/03/377232.htm Mon, 03 Aug 2015 12:34:40 +0000 http://www.insurancejournal.com/?p=377232 EXOR SpA, the Agnelli family’s investment company, agreed to buy PartnerRe Ltd. for about $6.9 billion in its biggest single acquisition in more than a century after the reinsurer scrapped a deal with rival AXIS Capital Holdings Ltd. EXOR, which …

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Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources http://www.insurancejournal.com/news/international/2015/08/03/377222.htm Mon, 03 Aug 2015 10:07:21 +0000 http://www.insurancejournal.com/?p=377222 Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group, according to people familiar with the matter. The Swiss insurer is talking to banks about raising more than $4 billion, said two of the people, who asked …

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Marsh Completes Acquisition of UK-Based SME Insurance Services http://www.insurancejournal.com/news/international/2015/08/03/377220.htm Mon, 03 Aug 2015 09:43:43 +0000 http://www.insurancejournal.com/?p=377220 Marsh has completed its previously agreed acquisition of Leeds, England-based SME Insurance Services (SMEi), an independent broker which provides specialist commercial insurance to small and medium-sized enterprises across the UK. The transaction was announced on June 1. The addition of …

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