Insurance Journal » Mergers and Acquisitions http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 02 Sep 2014 10:25:09 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 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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XL Group’s Financial Lines Launches M&A Division, Allen to Lead http://www.insurancejournal.com/news/international/2014/05/06/328403.htm Tue, 06 May 2014 16:55:39 +0000 http://www.insurancejournal.com/?p=328403 XL Group has added a mergers and acquisitions (M&A) insurance division to its Financial Lines business and appointed Tim Allen to head the business line. The signs for 2014 are that M&A activity is on the rise. And, according to …

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Minnesota Agencies Maguire and Kelly Merge http://www.insurancejournal.com/news/midwest/2014/05/02/328030.htm Fri, 02 May 2014 05:16:57 +0000 http://www.insurancejournal.com/?p=328030 Roseville, Minn.-based Maguire Agency and the Kelly Agency, a St. Paul-based commercial insurance agency, have joined forces. Employees of the Kelly Agency, which is known as a specialist in construction insurance, joined Maguire Agency April 1, 2014. Named One of the Best …

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Texas-Based All-Star Insurance Group Acquires Hogue Insurance Agency http://www.insurancejournal.com/news/southcentral/2014/04/22/326983.htm Tue, 22 Apr 2014 16:00:16 +0000 http://www.insurancejournal.com/?p=326983 All-Star Insurance Group Inc. has acquired Hogue Insurance Agency in Quitman, Texas. Hogue Insurance Agency is now known as All-Star Insurance Group and has moved all operations to an office inside Wood County National Bank in Quitman. Tonda Tiffee Ward, …

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BancorpSouth Insurance to Acquire Louisiana’s Knox Insurance Group http://www.insurancejournal.com/news/southcentral/2014/04/16/326519.htm Wed, 16 Apr 2014 16:51:21 +0000 http://www.insurancejournal.com/?p=326519 BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss., is acquiring Lafayette, La.-based Knox Insurance Group LLC (Knox) in a transaction that is expected to close immediately, BancorpSouth announced. Financial terms of the pending transaction were …

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Confie Head Eyes Commercial Acquisitions for Rest of 2014 http://www.insurancejournal.com/news/west/2014/04/04/325581.htm Fri, 04 Apr 2014 22:27:20 +0000 http://www.insurancejournal.com/?p=325581 Confie Seguros’ president wants it known that the agency made good on its promise a year-and-a-half ago to up its buying spree and expand into standard personal and small commercial lines, all while broadening its demographic from being primarily a …

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Hilltop Holdings Inc. to Acquire SWS Group http://www.insurancejournal.com/news/southcentral/2014/04/02/325337.htm Wed, 02 Apr 2014 23:50:31 +0000 http://www.insurancejournal.com/?p=325337 Hilltop Holdings Inc., a Dallas-based financial holding company with interests in financial services and insurance operations, announced an agreement to acquire SWS Group Inc., a holding company that provides investment and financial services through subsidiaries. SWS Group is also headquartered …

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Torus CEO Dermot O’Donohoe on the Insurer’s Future Prospects http://www.insurancejournal.com/news/international/2014/04/02/325090.htm Wed, 02 Apr 2014 11:03:04 +0000 http://www.insurancejournal.com/?p=325090 When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and successful in some …

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Higginbotham and Odessa, Texas-Based Edgmon Insurance Agency Merge http://www.insurancejournal.com/news/southcentral/2014/03/14/323353.htm Fri, 14 Mar 2014 16:13:29 +0000 http://www.insurancejournal.com/?p=323353 Independent insurance brokers Higginbotham, based in Fort Worth, and Edgmon Insurance Agency, headquartered in Odessa, Texas, have merged their operations. Edgmon Insurance is a family-owned agency going on its third generation. Founded in 1986 by Pauline Appel, the agency was …

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ACE Expands M&A Practice, Appoints North America Practice Leader http://www.insurancejournal.com/news/national/2014/03/07/322714.htm Fri, 07 Mar 2014 17:39:28 +0000 http://www.insurancejournal.com/?p=322714 The ACE Group has expanded its Mergers and Acquisitions (M&A) Practice into a Private Equity Practice concentrating on insurance options for private equity firms, their portfolio companies as well as their M&A transactions. Seth Gillston, based in New York City, …

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Hub International Acquires Illinois-Based Corporate Benefit Consultants http://www.insurancejournal.com/news/midwest/2014/03/06/322448.htm Thu, 06 Mar 2014 18:34:16 +0000 http://www.insurancejournal.com/?p=322448 Global insurance brokerage, Hub International Limited (Hub), announced that its subsidiary Hub International Midwest (Hub Midwest) has acquired Corporate Benefit Consultants Inc. (CBC), a Des Plaines, Ill.-based employee benefits insurance brokerage firm. The CBC team will continue to operate from …

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AgentLink Acquires Indiana’s Consolidated Brokerage Services http://www.insurancejournal.com/news/southcentral/2014/03/06/322453.htm Thu, 06 Mar 2014 18:26:35 +0000 http://www.insurancejournal.com/?p=322453 Louisville, Ky.-based insurance broker AgentLink announced it has acquired 100 percent ownership of Consolidated Brokerage Services (CBS) in Indianapolis, Ind. Founded in August of 2005 and originally owned by John Carroll, CEO of Cornerstone Broker Insurance Services Agency Inc., and …

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Confie Seguros Acquires Ida Tunnell Insurance in Marble Falls, Texas http://www.insurancejournal.com/news/southcentral/2014/03/03/321996.htm Mon, 03 Mar 2014 16:39:35 +0000 http://www.insurancejournal.com/?p=321996 Confie Seguros, a national provider of personal lines insurance, announced it has acquired Ida Tunnell Insurance in Marble Falls, Texas, near Austin. Confie Seguros now has 120 total offices in the state. Founded in 1991, Ida Tunnell provides personal lines …

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Arthur J. Gallagher Acquires Louisiana Insurance Agency Kent, Kent & Tingle http://www.insurancejournal.com/news/southcentral/2014/02/21/321253.htm Fri, 21 Feb 2014 17:39:03 +0000 http://www.insurancejournal.com/?p=321253 Arthur J. Gallagher & Co. has acquired Kent, Kent & Tingle, a retail insurance broker based in Shreveport, La. Terms of the transaction were not disclosed. Founded in 1989, Kent, Kent & Tingle (KK&T) provides employee benefits, property/casualty and risk …

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York Acquires Texas, Louisiana-Based American Claims Services http://www.insurancejournal.com/news/southcentral/2014/02/19/320924.htm Wed, 19 Feb 2014 17:20:38 +0000 http://www.insurancejournal.com/?p=320924 York Risk Services Group, a provider of claims administration and risk management services, has acquired American Claims Services Inc. (ACSI) based in Houston, Texas, and Destrehan, La. John Bannon and Bill Johnson of ACSI will continue to lead the acquired …

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