Mergers and Acquisitions News

2 Corpus Christi Insurance Agencies Merge, Join Leavitt Group

Two Corpus Christi, Texas-based employee benefits providers, Heavin Insurance Agency and Arvak Insurance Group, have merged and joined the insurance broker network, Leavitt Group, to become Heavin, Otto & Leavitt. Will Heavin of Heavin Insurance Agency and John Otto of …

Arthur J. Gallagher & Co. Buys UK-Based Total Reward Group

Arthur J. Gallagher & Co., the insurance broker and risk management service firm, has announced the acquisition of Total Reward Group in Sevenoaks, England. Terms of the transaction were not disclosed. Founded in 2005, Total Reward Group is a consultancy …

H.W. Kaufman Financial Group Acquires Michigan’s Chlystek & White Services

H.W. Kaufman Financial Group has acquired Grand Rapids, Mich.-based Chlystek & White Services (CWS) Inc. – a regional insurance premium audit services company. CWS will become part of Afirm, Kaufman’s international provider of premium audits, loss control, and risk services. …

Sompo International to Acquire Novae’s Financial Institutions’ Renewal Rights

Sompo International, a Bermuda-based specialty provider of property and casualty re/insurance, announced its London market insurance platform has agreed to acquire Novae Syndicates Ltd.’s financial institutions’ (FI) renewal rights. The purchase, which excludes emerging markets business, encompasses a portfolio that …

Wisconsin’s AVID Risk Solutions, Family Insurance Acquiring ISC

Federal Chief U.S. District Judge James Peterson has approved the sale of ISC insurance agency assets to Wisconsin-based AVID Risk Solutions Inc. and Family Insurance Center, AVID Risk Solutions announced. ISC insurance agency was in receivership due to a multi-million …

Arthur J. Gallagher Acquires Houston’s Zuber Insurance Agency

Arthur J. Gallagher & Co. has acquired Zuber Insurance Agency Inc. in Houston, Texas. Terms of the transaction were not disclosed. Zuber Insurance was founded in 1934 by J.L. Zuber. Expanded under the leadership of his son Joseph and grandson …

Arthur J. Gallagher Acquires Williams-Manny Insurance in Illinois

Arthur J. Gallagher & Co. has acquired Williams-Manny Insurance Group, headquartered in Rockford, Illinois. Terms of the transaction were not disclosed. Founded in Rockford in 1896, Williams-Manny Insurance Group is a retail insurance broker and employee benefits consultant providing a …

NFP Acquires Oklahoma’s Bigbie, Hensley & Janway Insurance

Insurance broker and consultant NFP has acquired Oklahoma City-based Bigbie, Hensley & Janway Insurance Agency Inc.(BHJ). The transaction closed on May 1, 2017. BHJ provides benefits products and services with an emphasis on small group employers and the individual health …

Fairfax Plans to Sell 12.2% Stake in India’s ICICI Lombard

Canada’s Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees ($3.15 billion), the Indian company said on Saturday. Red …

AmWINS and Networked Deal Plays to Strengths of Both Firms, Execs Say

The acquisition by AmWINS Group Inc. at the end of last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based global distributor of specialty insurance products and services and the California-based aggregator. Namely, …