Mergers and Acquisitions News

Confie Acquires Agency in Bellingham, Washington

Huntington Beach, Calif.-based Confie announced it has acquired the Duane Sammons Insurance Center Inc. of Bellingham, Wash. Duane Sammons has served the local community of Bellingham for 30 years and provides personal and small commercial insurance lines. The former owner of …

RT Specialty Acquires Countrywide Brokerage in Washington

R-T Specialty LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group LLC, has acquired the assets of Countrywide Brokerage, a wholesale insurance brokerage operation based in Edmonds, Wash. Established in 1995, Countrywide Brokerage has focused on providing their …

Xchanging Urges Shareholders to Accept CSC Bid; No Superior Bid Expected

Outsourcing company Xchanging Plc said it did not expect a superior cash offer from Ebix Inc and urged shareholders to accept a bid from U.S.-based Computer Sciences Corp. Insurance software company Ebix had in November made a 450 million pound …

Louisiana-Based Cunningham Insurance Opens Alexandria Office

The Cunningham Insurance Group announced the opening of its newest property/casualty insurance agency, Wilkerson/Cunningham Insurance, in Alexandria, La. This office joins with offices in Natchitoches and Mansfield, La., to give the group a regional presence in central- and northwest Louisiana. …

Houston Employee Benefits Firm, Ascende, Joins EPIC

Houston, Texas-based human capital and employee benefits consulting firm, Ascende Inc. (Ascende), has joined forces with national retail insurance brokerage and employee benefits consulting firm, EPIC Insurance Brokers & Consultants. Founded in 1995, Ascende specializes in a variety of human capital …

Ryan Direct Agrees to Acquire Northern Ireland MGA, Midas Underwriting

Ryan Direct Group (RDG), the insurance services business and part of Chicago-based Ryan Specialty Group (RSG), has entered into agreement to acquire Northern Ireland-based MGA Midas Underwriting, subject to regulatory approval. The financial considerations were not disclosed. Derek Coles, RDG CEO, …

DSP Insurance Services Acquires Assets of Willis of Illinois’ Schaumburg Office

DSP Insurance Services announced it has purchased another group of assets of Willis of Illinois’ Schaumburg office. The acquisition was finalized on Dec. 31, 2015. Nancy Vatch and key staff personnel lead the team of professionals that are now part …

H.W. Kaufman Financial Group Acquires Toronto-Based Technical Risk Services

H.W. Kaufman Financial Group, headquartered in Farmington Hills, Mich., has acquired Technical Risk Services (TRS), a Toronto, Canada-based specialist in loss control services, inspections, and risk control consulting. TRS is a full-service loss control inspection and consulting firm that has …

Newly Merged Willis Towers Watson Begins Operating

Willis Towers Watson Public Limited Co. began operating today following the successful completion of the merger of Willis Group Holdings and Towers Watson. The company, which will do business as Willis Towers Watson, is a global advisory, broking, and solutions …

VistaNational Insurance Acquires Business Insurance Underwriters

Oak Brook, Ill.-based VistaNational Insurance Group Inc. has acquired Business Insurance Underwriters of Wheaton, Ill. Terms of the transaction were not disclosed. VistaNational Insurance specializes in employee benefits. Business Insurance Underwriters has been designing and servicing employee benefits programs for …