Insurance Journal » Mergers and Acquisitions http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Sat, 25 May 2013 03:50:31 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Confie Seguros Acquires Texas State Low Cost Insurance http://www.insurancejournal.com/news/southcentral/2013/05/14/291847.htm Tue, 14 May 2013 16:24:06 +0000 http://www.insurancejournal.com/?p=291847 Confie Seguros, a national provider of personal lines insurance, has acquired Texas State Low Cost Insurance Agency of Austin, expanding the company’s network beyond its current locations in San Antonio and Houston. Texas State Low Cost Insurance was founded by …

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]]> CBIZ Acquires Minnesota’s Associated Insurance Agents http://www.insurancejournal.com/news/midwest/2013/05/07/291198.htm Tue, 07 May 2013 18:25:58 +0000 http://www.insurancejournal.com/?p=291198 CBIZ Inc. announced it acquired Associated Insurance Agents (AIA), of Minneapolis, Minn., effective May 1, 2013. Established in 1982, AIA is an insurance brokerage agency specializing in property and casualty insurance, personal lines, and health and benefit insurance for clients …

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]]> Flexing Antitrust Muscle; China is a New Hurdle for Mergers & Acquisitions http://www.insurancejournal.com/news/international/2013/05/06/290945.htm Mon, 06 May 2013 10:49:44 +0000 http://www.insurancejournal.com/?p=290945 China’s new-found clout in regulating global mergers is causing headaches for companies seeking high-stakes deals that need Beijing’s approval. Where corporate lawyers and advisers were once primarily concerned with merger clearance in the United States and Europe, China’s anti-monopoly law …

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]]> McGowan Acquires Ohio’s Governmental Underwriters of America http://www.insurancejournal.com/news/midwest/2013/04/24/289546.htm Wed, 24 Apr 2013 05:20:26 +0000 http://www.insurancejournal.com/?p=289546 The McGowan Companies (McGowan), based in Fairview Park, Ohio, has purchased the assets of Governmental Underwriters of America Inc. (GUA). Effective immediately, GUA will begin operating under the newly formed McGowan Governmental Underwriters (MGU) brand. Founded in 2006, GUA provides …

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]]> P/C Mergers Down in 2012 But Private Equity Still Favored Brokers: Conning http://www.insurancejournal.com/news/national/2013/03/28/286090.htm Thu, 28 Mar 2013 07:00:54 +0000 Susanne Sclafane http://www.insurancejournal.com/?p=286090 Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to the latest annual M&A study from Conning. In the last …

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]]> CoVerica Acquires Dallas-Based Pacific Agency http://www.insurancejournal.com/news/southcentral/2013/03/18/285031.htm Mon, 18 Mar 2013 16:04:30 +0000 http://www.insurancejournal.com/?p=285031 Texas-based CoVerica Inc. announced it has acquired the Pacific Agency Inc., a commercial property/casualty agency that was founded in Dallas 19 years ago. Pacific specializes in artisan contractors, property managers, personal lines and a wide variety of other risks. Long …

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]]> Southport Lane Acquires Dallas National Insurance Co. http://www.insurancejournal.com/news/southcentral/2013/03/13/284590.htm Wed, 13 Mar 2013 16:36:22 +0000 http://www.insurancejournal.com/?p=284590 Southport Lane, a New York-based private equity firm, completed its previously announced acquisition of Dallas National Insurance Co., a Texas-based property and casualty insurer specializing in general liability and workers’ compensation. Under the terms of the transaction, Southport Lane will …

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]]> Agency M&A Advisory Firm Sees ‘Lack of Quality Acquisition Opportunities’ http://www.insurancejournal.com/news/national/2013/03/12/284251.htm Tue, 12 Mar 2013 12:57:18 +0000 Young Ha http://www.insurancejournal.com/?p=284251 A mergers and acquisitions advisory firm focusing on the insurance agency sector says it is hearing more this year about “a lack of quality acquisition opportunities,” which could lead to fewer deals this year compared to 2012. MidCap Advisors, a …

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]]> Genstar Capital Acquires Michigan’s Acrisure http://www.insurancejournal.com/news/midwest/2013/03/01/283247.htm Fri, 01 Mar 2013 15:56:04 +0000 http://www.insurancejournal.com/?p=283247 San Francisco-based private equity firm Genstar Capital LLC has acquired Acrisure, a large retail insurance brokerage headquartered in Grand Rapids, Mich. Acrisure’s product lines include property and casualty, employee benefits and related third party administrator services, human resource outsourcing, loss …

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]]> Despite Uncertainty, Momentum Building for M&As in 2013: PwC http://www.insurancejournal.com/news/national/2013/02/21/282323.htm Fri, 22 Feb 2013 03:55:49 +0000 http://www.insurancejournal.com/?p=282323 While 2012 was a flat year for financial services mergers and acquisitions (M&A) overall, there was a surge in the fourth quarter and there is reason to think activity will pick up in 2013, according to a new report. Insurance, …

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]]> Chubb to Provide Loss Prevention Guide for Directors Dealing with M&A Litigation http://www.insurancejournal.com/news/national/2013/02/06/280289.htm Wed, 06 Feb 2013 17:29:37 +0000 http://www.insurancejournal.com/?p=280289 The Chubb Group of Insurance Cos. has created a new loss prevention guide aimed at assisting directors and officers in preparing for litigation if their firm engages in a merger or acquisition. “Merger and acquisition activity is up, and many …

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]]> AmWins Acquires Long-Term Care Specialist CIMI Professional http://www.insurancejournal.com/news/east/2013/02/06/280251.htm Wed, 06 Feb 2013 16:40:09 +0000 http://www.insurancejournal.com/?p=280251 AmWINS Program Underwriters (APU), an AmWINS Group company, has acquired certain assets of CIMI Professional. CIMI Professional is a long-term care managing general underwriter (MGU) and a division of Chandler Insurance Managers, Inc. In conjunction with the acquisition, Matthew J. …

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]]> Confie Seguros Buys New York, Florida Agencies http://www.insurancejournal.com/news/national/2013/02/05/279975.htm Tue, 05 Feb 2013 15:10:57 +0000 http://www.insurancejournal.com/?p=279975 Confie Seguros, a national personal lines insurance brokerage network, has acquired two additional agencies: Cannello Agency in Niagara, New York, and Moose Insurance in Oakland, Florida, as part of its strategy to build out its geographic footprint. Confie Seguros completed …

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]]> Wisconsin’s McClone Acquires Burkart-Heisdorf Insurance Agency http://www.insurancejournal.com/news/midwest/2013/02/04/279783.htm Mon, 04 Feb 2013 06:35:54 +0000 http://www.insurancejournal.com/?p=279783 Two independent insurance agencies in Wisconsin have joined forces with the acquisition of Burkart-Heisdorf Insurance Agency Inc. by McClone. The acquisition was completed Dec. 31, 2012, the companies announced. McClone, founded in 1949, is a third-generation family company that helps …

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]]> Benefit Solutions Group Joins Heffernan Insurance Brokers in St. Louis http://www.insurancejournal.com/news/midwest/2013/01/30/279280.htm Wed, 30 Jan 2013 06:38:22 +0000 http://www.insurancejournal.com/?p=279280 Heffernan Insurance Brokers is expanding in St. Louis, Mo., with the addition of Benefits Solutions Group, also of St. Louis. The Benefit Solutions Group will relocate to Heffernan’s offices in 2013 to work as a united team.  Linda Huber, of …

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]]> USI Insurance Services Acquires 2 St. Louis, Missouri, Brokerages http://www.insurancejournal.com/news/midwest/2013/01/16/277668.htm Wed, 16 Jan 2013 17:12:45 +0000 http://www.insurancejournal.com/?p=277668 Insurance Services (USI) has acquired Saint Louis, Mo.-based brokerages Welsch Flatness and Lutz Inc. (WFL) and Construction Insurance Partners (CIP). By combining the existing USI office in Saint Louis with WFL and CIP, USI Insurance Services becomes one of the …

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]]> Indiana-based Schroeder Agency Joins with Neace Lukens http://www.insurancejournal.com/news/midwest/2013/01/15/277462.htm Tue, 15 Jan 2013 06:31:58 +0000 http://www.insurancejournal.com/?p=277462 Schroeder Agency of Rushville, Ind., has strengthened Neace Lukens’ Midwest presence by becoming its seventh location in Indiana, the companies announced. Neace Lukens, a member of Assured Partners Inc., now has 26 locations. All Schroeder employees will remain in their …

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]]> USI Insurance Services Buys Illinois-Based Pediatrics Insurance Consultants http://www.insurancejournal.com/news/midwest/2013/01/10/276901.htm Thu, 10 Jan 2013 06:34:04 +0000 http://www.insurancejournal.com/?p=276901 USI Insurance Services LLC has acquired Pediatrics Insurance Consultants (PIC), based in Chicago, Ill. PIC is the insurance member benefits broker, marketer and administrator for the American Academy of Pediatrics (AAP). PIC will become a part of USI Affinity, a …

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]]> HUB International Acquires the Assets of Maritime Insurance Group http://www.insurancejournal.com/news/midwest/2013/01/10/276793.htm Thu, 10 Jan 2013 06:11:39 +0000 http://www.insurancejournal.com/?p=276793 Hub International Limited (Hub) has acquired Maritime Insurance Group Inc. (Maritime) an insurance agency with its principal office located in Sheboygan, Wis. Terms of the acquisition were not disclosed. Maritime will become part of Hub International Midwest (Hub Midwest). Mike …

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]]> HUB International Acquires Louisiana-Based Brokerage Benefit Concepts http://www.insurancejournal.com/news/southcentral/2013/01/09/276787.htm Wed, 09 Jan 2013 16:55:58 +0000 http://www.insurancejournal.com/?p=276787 Insurance broker Hub International Limited (Hub) has acquired the assets of Benefit Concepts Inc. (BCI), a Shreveport, La.-based employee benefits brokerage firm. Terms of the acquisition were not disclosed. BCI will become part of the Texas operations of Hub International …

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]]> Digital Insurance Acquires Missouri-based Health Star Consulting http://www.insurancejournal.com/news/midwest/2013/01/09/276672.htm Wed, 09 Jan 2013 06:39:10 +0000 http://www.insurancejournal.com/?p=276672 Digital Insurance announced the acquisition of Health Star Consulting of Clayton, Mo. The benefits firm merged with the St. Louis office of Digital Benefit Advisors (DBA), a division of Digital Insurance. Health Star Consulting Principal Devin Bernstein joined the DBA …

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]]> Marsh & McLennan Agency Acquires Michigan’s McGraw Wentworth http://www.insurancejournal.com/news/midwest/2013/01/08/276381.htm Tue, 08 Jan 2013 06:22:03 +0000 http://www.insurancejournal.com/?p=276381 Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh Inc., has acquired McGraw Wentworth Inc., an employee group benefits consulting and brokerage firm based in Troy, Mich. Terms of the transaction were not disclosed. Founded in 1997 by Thomas …

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]]> Arthur J. Gallagher Acquires Insurance Risk Managers of Missouri http://www.insurancejournal.com/news/midwest/2013/01/08/276224.htm Tue, 08 Jan 2013 06:21:24 +0000 http://www.insurancejournal.com/?p=276224 Arthur J. Gallagher & Co. has acquired Insurance Risk Managers of Missouri Inc. in St. Louis. Terms of the transaction were not disclosed. Founded in 1996, Insurance Risk Managers of Missouri (IRM) is a retail insurance broker providing commercial property/casualty …

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]]> Arthur J. Gallagher & Co. Acquires Gardner & White in Indiana http://www.insurancejournal.com/news/midwest/2013/01/04/276067.htm Fri, 04 Jan 2013 16:52:52 +0000 http://www.insurancejournal.com/?p=276067 Arthur J. Gallagher & Co. has acquired Gardner & White Corp. (Gardner & White) headquartered in Indianapolis, Ind. Terms of the transaction were not disclosed. Founded in 1965, Gardner & White provides employee benefit program consulting services and insurance brokerage …

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]]> Marsh & McLennan Agency Acquires Minnesota-Based Liscomb Hood Mason http://www.insurancejournal.com/news/midwest/2013/01/04/276058.htm Fri, 04 Jan 2013 16:38:22 +0000 http://www.insurancejournal.com/?p=276058 Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Liscomb Hood Mason Co., a $2.2 million revenue agency based in Duluth, Minn. With roots dating back to 1927, Liscomb Hood Mason offers a wide …

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]]> Hub International Acquires Oklahoma Independent Agency, CFR http://www.insurancejournal.com/news/southcentral/2013/01/03/275908.htm Thu, 03 Jan 2013 17:11:08 +0000 http://www.insurancejournal.com/?p=275908 Hub International Limited (Hub) has acquired CFR Inc. (CFR), a Tulsa, Okla.–based insurance brokerage firm. Terms of the acquisition were not disclosed. The operations will form a new regional Hub called Hub International CFR. CFR Chairman Jack Allen, Jr., CEO …

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]]> Coastal Insurance Group Becomes a Higginbotham Company http://www.insurancejournal.com/news/southcentral/2012/12/12/273693.htm Wed, 12 Dec 2012 17:45:20 +0000 http://www.insurancejournal.com/?p=273693 Fort Worth-based independent insurance firm, Higginbotham, and Coastal Insurance Group LLC announced the merger of their operations in Friendswood, Texas. Coastal Insurance Group, a personal and commercial insurance broker in Friendswood, will align capabilities with Higginbotham to offer a single …

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]]> Oklahoma’s Caldwell and Partners Acquires Midlands Holding Corp. http://www.insurancejournal.com/news/southcentral/2012/12/10/273351.htm Mon, 10 Dec 2012 17:12:54 +0000 http://www.insurancejournal.com/?p=273351 Charles C. Caldwell, CEO of Oklahoma-based Caldwell and Partners Inc. (CAP), announced the acquisition of Midlands Holding Corp. (MHC) from PMA Capital Corp. (PMA). Midlands Management Corp. (Midlands), a subsidiary of MHC, is a managing general agent and excess and …

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]]> Arthur J. Gallagher & Co. Acquires Nebraska’s Brendis & Brendis http://www.insurancejournal.com/news/midwest/2012/12/06/273002.htm Thu, 06 Dec 2012 16:31:41 +0000 http://www.insurancejournal.com/?p=273002 Arthur J. Gallagher & Co. has acquired employee benefit specialist, Brendis & Brendis Inc., located in Omaha, Neb. Terms of the transaction were not disclosed. Founded in 1989, Brendis & Brendis Inc. provides a wide range of employee benefit program …

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]]> Marsh & McLennan Agency Acquires Ohio’s Brower Insurance Agency http://www.insurancejournal.com/news/midwest/2012/12/05/272838.htm Wed, 05 Dec 2012 17:32:58 +0000 http://www.insurancejournal.com/?p=272838 Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Ohio-based Brower Insurance Agency. Terms of the transaction were not disclosed. Founded in 1935 and headquartered in Dayton, Ohio, Brower has annual revenues of approximately …

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