Mergers and Acquisitions News

Chubb to Provide Loss Prevention Guide for Directors Dealing with M&A Litigation

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 …

AmWins Acquires Long-Term Care Specialist CIMI Professional

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. …

Confie Seguros Buys New York, Florida Agencies

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 …

Wisconsin’s McClone Acquires Burkart-Heisdorf Insurance Agency

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 …

Benefit Solutions Group Joins Heffernan Insurance Brokers in St. Louis

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 …

USI Insurance Services Acquires 2 St. Louis, Missouri, Brokerages

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 …

Indiana-based Schroeder Agency Joins with Neace Lukens

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 …

USI Insurance Services Buys Illinois-Based Pediatrics Insurance Consultants

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 …

HUB International Acquires the Assets of Maritime Insurance Group

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 …

HUB International Acquires Louisiana-Based Brokerage Benefit Concepts

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 …