Mergers and Acquisitions News

CoVerica Aqcuires Forbes-Troxel Insurance Agency in Rockwall, Texas

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

State Auto Acquires Partners General Insurance Agency

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 …

Cotter to Head New Allied World Office in Sydney, Australia

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 …

Wisconsin’s AVID Risk Solutions, Brent Harris Agency Merge

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 …

Coverys to Acquire Nebraska’s Preferred Professional Insurance Co.

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 …

Ohio’s Kinker-Eveleigh Insurance Acquired by Marsh & Mclennan Agency

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 …

XL Group’s Financial Lines Launches M&A Division, Allen to Lead

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 …

Minnesota Agencies Maguire and Kelly Merge

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 …

Texas-Based All-Star Insurance Group Acquires Hogue Insurance Agency

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, …

BancorpSouth Insurance to Acquire Louisiana’s Knox Insurance Group

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 …