Mergers and Acquisitions News

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 …

Confie Head Eyes Commercial Acquisitions for Rest of 2014

Confie Seguros’ president wants it known that the agency made good on its promise a year-and-a-half ago to up its buying spree and expand into standard personal and small commercial lines, all while broadening its demographic from being primarily a …

Hilltop Holdings Inc. to Acquire SWS Group

Hilltop Holdings Inc., a Dallas-based financial holding company with interests in financial services and insurance operations, announced an agreement to acquire SWS Group Inc., a holding company that provides investment and financial services through subsidiaries. SWS Group is also headquartered …

Torus CEO Dermot O’Donohoe on the Insurer’s Future Prospects

When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and successful in some …

Higginbotham and Odessa, Texas-Based Edgmon Insurance Agency Merge

Independent insurance brokers Higginbotham, based in Fort Worth, and Edgmon Insurance Agency, headquartered in Odessa, Texas, have merged their operations. Edgmon Insurance is a family-owned agency going on its third generation. Founded in 1986 by Pauline Appel, the agency was …

ACE Expands M&A Practice, Appoints North America Practice Leader

The ACE Group has expanded its Mergers and Acquisitions (M&A) Practice into a Private Equity Practice concentrating on insurance options for private equity firms, their portfolio companies as well as their M&A transactions. Seth Gillston, based in New York City, …

Hub International Acquires Illinois-Based Corporate Benefit Consultants

Global insurance brokerage, Hub International Limited (Hub), announced that its subsidiary Hub International Midwest (Hub Midwest) has acquired Corporate Benefit Consultants Inc. (CBC), a Des Plaines, Ill.-based employee benefits insurance brokerage firm. The CBC team will continue to operate from …

AgentLink Acquires Indiana’s Consolidated Brokerage Services

Louisville, Ky.-based insurance broker AgentLink announced it has acquired 100 percent ownership of Consolidated Brokerage Services (CBS) in Indianapolis, Ind. Founded in August of 2005 and originally owned by John Carroll, CEO of Cornerstone Broker Insurance Services Agency Inc., and …