Insurance Journal » Mergers and Acquisitions http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 27 Mar 2015 17:05:42 +0000 en-US hourly 1 http://wordpress.org/?v=4.1.1 P/C Insurance M&As: Deal Value Up, More to Come http://www.insurancejournal.com/news/national/2015/03/17/360794.htm Tue, 17 Mar 2015 13:47:10 +0000 http://www.insurancejournal.com/?p=360794 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 …

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Texas Insurance Agencies Higginbotham, Aycock & Fowler Merge http://www.insurancejournal.com/news/southcentral/2015/03/04/359340.htm Wed, 04 Mar 2015 17:16:20 +0000 http://www.insurancejournal.com/?p=359340 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 …

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Arthur J. Gallagher & Co. Acquires NationAir Aviation Insurance http://www.insurancejournal.com/news/midwest/2015/03/04/359328.htm Wed, 04 Mar 2015 17:11:12 +0000 http://www.insurancejournal.com/?p=359328 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 …

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AmTrust Financial Services Completes CorePointe Insurance Acquisition http://www.insurancejournal.com/news/midwest/2015/03/03/359139.htm Tue, 03 Mar 2015 17:10:06 +0000 http://www.insurancejournal.com/?p=359139 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 …

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Amlin, Hiscox Say They Plan to Remain Independent Amid Flurry of M&As http://www.insurancejournal.com/news/international/2015/03/02/358973.htm Mon, 02 Mar 2015 15:26:33 +0000 http://www.insurancejournal.com/?p=358973 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 …

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Associated Banc-Corp Completes Purchase of Ahmann & Martin Co. http://www.insurancejournal.com/news/midwest/2015/02/19/358105.htm Thu, 19 Feb 2015 17:59:16 +0000 http://www.insurancejournal.com/?p=358105 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 …

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Confie Seguros Acquires Texas-Based Baja Auto Insurance http://www.insurancejournal.com/news/southcentral/2015/02/10/357057.htm Tue, 10 Feb 2015 17:07:30 +0000 http://www.insurancejournal.com/?p=357057 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 …

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A.M. Best: Drivers Behind London Market M&A Activity to Continue http://www.insurancejournal.com/news/international/2015/02/10/357014.htm Tue, 10 Feb 2015 09:34:08 +0000 http://www.insurancejournal.com/?p=357014 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 …

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Houston-Based Broker, J.H. Blades, Acquires Energy Rival Burke-Daniels http://www.insurancejournal.com/news/southcentral/2015/02/09/356925.htm Mon, 09 Feb 2015 17:07:15 +0000 http://www.insurancejournal.com/?p=356925 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 …

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Hub International Acquires San Antonio-Based Alexander Insurance Agency http://www.insurancejournal.com/news/southcentral/2015/02/04/356445.htm Wed, 04 Feb 2015 17:42:03 +0000 http://www.insurancejournal.com/?p=356445 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 …

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United Insurance Holdings Completes Family Security Acquisition http://www.insurancejournal.com/news/southcentral/2015/02/04/356442.htm Wed, 04 Feb 2015 17:31:00 +0000 http://www.insurancejournal.com/?p=356442 United Insurance Holdings Corp., a Florida-based property and casualty insurance holding company, has closed its acquisition of Family Security Holdings LLC (FSH) and its subsidiaries, which have operations in Hawaii and Louisiana. FSH has two wholly-owned subsidiaries: Family Security Insurance …

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4 CAA Agencies Expand Through M&As http://www.insurancejournal.com/news/southcentral/2015/01/30/355985.htm Fri, 30 Jan 2015 17:24:56 +0000 http://www.insurancejournal.com/?p=355985 Austin, Texas-based Combined Agents of America LLC (CAA) announced that member agencies have expanded their books of business and locations through mergers and acquisitions (M&A) over the last nine months. Together, four CAA members have grown their agencies by an …

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Associated Banc-Corp to Acquire Ahmann & Martin in Minnesota http://www.insurancejournal.com/news/midwest/2015/01/20/354556.htm Wed, 21 Jan 2015 00:21:07 +0000 http://www.insurancejournal.com/?p=354556 Associated Banc-Corp (Associated) announced it has entered into an agreement to acquire Ahmann & Martin Co., a risk and benefits consulting firm in Minnesota, through Associated’s subsidiary, Associated Financial Group. The transaction is expected to close in February. Associated Financial Group …

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Ohio’s Smith Insurance Services Partners with the Leavitt Group http://www.insurancejournal.com/news/midwest/2015/01/15/354244.htm Fri, 16 Jan 2015 02:56:24 +0000 http://www.insurancejournal.com/?p=354244 Ohio-based Smith Insurance Services Inc., along with Franchise Insurance Agency Inc., has entered into a partnership with the Leavitt Group. The agency will now be doing business as Smith & Leavitt Insurance Services and will continue to exclusively offer personal …

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California Surplus Lines up Considerably in 2014, Report Shows http://www.insurancejournal.com/news/west/2015/01/14/354104.htm Wed, 14 Jan 2015 23:49:01 +0000 http://www.insurancejournal.com/?p=354104 Premiums for California wholesalers rose considerably in 2014 from a year earlier, showing that segment of the industry outperformed the rest of the state’s economy, according to a report from the Surplus Lines Association of California. For 2014 there was …

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J. Mace Meeks Insurance Team Joins Insgroup in Houston http://www.insurancejournal.com/news/southcentral/2015/01/12/353787.htm Mon, 12 Jan 2015 17:46:25 +0000 http://www.insurancejournal.com/?p=353787 J. Mace Meeks has moved his insurance practice to Houston-based privately held insurance agency, Insgroup Inc., effective Jan.1, 2015. With 25 years of experience, Meeks and his team of nine professional associates bring to Insgroup their commitment to the highest …

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Western National Insurance, Michigan Millers Mutual Join Forces http://www.insurancejournal.com/news/midwest/2015/01/07/353212.htm Wed, 07 Jan 2015 17:50:11 +0000 http://www.insurancejournal.com/?p=353212 Minnesota-based Western National Insurance Group announced an affiliation between Michigan Millers Mutual Insurance Co. and Western National Mutual Insurance Co. This affiliation will be final after the necessary regulatory approvals are completed, which are expected to be done by the …

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DSP Insurance Services Acquires Willis of Illinois’ Schaumburg Office http://www.insurancejournal.com/news/midwest/2015/01/06/351819.htm Tue, 06 Jan 2015 17:43:28 +0000 http://www.insurancejournal.com/?p=351819 DSP Insurance Services, based in the Chicago area, announced the purchase of certain assets of Willis of Illinois’ Schaumburg office. The acquisition was finalized Dec. 31, 2014. John Adams, Bob Mielke, Jerry Olson and key staff personnel lead the team …

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Brown & Brown Subsidiary Acquires Hall-Wright General Agency http://www.insurancejournal.com/news/southcentral/2015/01/05/351696.htm Mon, 05 Jan 2015 17:04:15 +0000 http://www.insurancejournal.com/?p=351696 Brown & Brown Inc., through its subsidiary, Texas Security General Insurance Agency Inc., has acquired Hall-Wright General Agency Inc. (Hall-Wright) and related affiliate companies. With origins dating back to 1971, Hall-Wright is a managing general agency with annual revenues of …

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Hub International Acquires Iowa-Based Brokerage, Ruhl & Ruhl http://www.insurancejournal.com/news/midwest/2014/12/23/351027.htm Tue, 23 Dec 2014 17:34:41 +0000 http://www.insurancejournal.com/?p=351027 Global insurance broker, Hub International Limited (Hub), announced that its Chicago-area region Hub International Midwest (Hub Midwest) has acquired the assets of Ruhl & Ruhl Insurance, based in Davenport, Iowa. Terms of the acquisition were not disclosed. Founded in 1862, Ruhl …

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Donald Gaddis Co. Acquires Chicago-Based Kelly and Elliott http://www.insurancejournal.com/news/midwest/2014/12/19/350718.htm Fri, 19 Dec 2014 17:51:29 +0000 http://www.insurancejournal.com/?p=350718 Wholesale insurance broker and general agency, Donald Gaddis Co. Inc., has purchased rights to all the renewals of Kelly and Elliott Ltd. Both companies are headquartered in Chicago. Gaddis also hired all of Kelly and Elliott’s employees. The transaction was effective …

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Iowa’s Farmers Mutual Hail Insurance to Acquire John Deere Crop Insurance http://www.insurancejournal.com/news/midwest/2014/12/18/350573.htm Thu, 18 Dec 2014 17:43:32 +0000 http://www.insurancejournal.com/?p=350573 Farmers Mutual Hail Insurance Co. of Iowa (FMH) announced it is acquiring Moline, Ill.-based John Deere Insurance Co. and John Deere Risk Protection Inc. The action is a result of Deere’s previously announced review of strategic options for the crop insurance business. …

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INSURICA Acquired Oklahoma, California Agencies in Q3 2014 http://www.insurancejournal.com/news/southcentral/2014/12/09/349355.htm Tue, 09 Dec 2014 17:27:19 +0000 http://www.insurancejournal.com/?p=349355 Oklahoma City-based INSURICA Insurance Management Network announced it acquired an agency in Oklahoma and one in California during the third quarter of 2014. In Oklahoma, INSURICA added James & Associates, located in Tulsa. James & Associates has been in business for …

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A.M. Best: Asia-Pacific M&As Driven by Top-Line Growth Prospects http://www.insurancejournal.com/news/international/2014/12/03/348759.htm Wed, 03 Dec 2014 08:18:19 +0000 http://www.insurancejournal.com/?p=348759 The Asia-Pacific region has been a popular destination for mergers and acquisitions, driven by top-line growth prospects for many still-developing markets with low insurance penetration, according to a Best’s Special Report titled, “Asia-Pacific Mergers and Acquisitions Seen as More Balanced, Driven by …

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AmTrust Financial Services to Acquire CorePointe Insurance Co. http://www.insurancejournal.com/news/midwest/2014/11/24/347938.htm Mon, 24 Nov 2014 17:34:37 +0000 http://www.insurancejournal.com/?p=347938 AmTrust Financial Services Inc. announced it has entered into a definitive agreement to acquire Birmingham, Mich.-based CorePointe Insurance Co. (CorePointe), a wholly owned subsidiary of CorePointe Group LLC. The cash transaction is subject to regulatory approval. Established in 1964 CorePointe …

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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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