Business Moves & Mergers News

H.W. Kaufman Group Opens New Burns & Wilcox Office in Grand Rapids, Michigan

H.W. Kaufman Group has opened a new office for wholesale insurance broker and underwriting manager, Burns & Wilcox, in Grand Rapids, Michigan. The opening of the new location follows the acquisition of Grand Rapids-based Chlystek & White Insurance Services in …

The Hartford to Buy Aetna Group Life, Disability Business for $1.45 Billion

The Hartford has agreed to acquire Aetna’s U.S. group life and disability business for cash consideration of $1.45 billion. This acquisition enhances The Hartford’s group benefits distribution capabilities and accelerates the company’s technology strategy, according to the announcement. “The transaction …

Dutch Insurer Aegon Eyes Acquisitions Such as Smaller Competitor ASR

Aegon NV, the Dutch insurer that generates most of its business from the U.S., is scouting for acquisitions and has looked at companies including smaller rival ASR Nederland NV amid consolidation in the domestic market, according to people familiar with …

Brown & Brown Acquires Louisiana Employee Benefits Firm

Brown & Brown of Louisiana LLC, a subsidiary of Florida-based Brown & Brown Inc., has acquired substantially all of the assets of Lapeyre, Staples & Robichaux, the companies announced. Lapeyre, Staples and Robichaux, based in Houma, Louisiana, specializes in employee …

EPIC Adds New Brokerage Team in Pittsburgh

EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has opened operations in Pittsburgh, Penn., with the hiring of Sean Andreas, Al Dragotto, Kurt Karstens, Pete Kostorick, Sally Krauss, Zach Mendelson, Phil Wakim, …

Pennsylvania’s Kueny Insurance Merges with KMRD Partners

Kueny Insurance, a Warrington, Penn.-based insurance company, has merged with KMRD Partners, a boutique risk management and human capital solutions firm also based in Warrington. The merger brings three new team members to KMRD with experience in small to mid-size …

Insurance Agency M&A Continues at Fast Pace: OPTIS Partners

The number of insurance agency mergers and acquisitions over the first nine months of the year rose from 350 in 2016 to 457 this year, OPTIS Partners’ new quarterly report reveals. There were 132 deals announced during the third quarter, …

Neon Launches Marine Joint Venture in Italy

Neon announced the launch of an underwriting operation in Italy with Cambiaso Risso, a leading Italian marine broker who will have a minority shareholding in the venture. Based in Genoa, Neon Italy will initially target hull and cargo business placed …

New York’s Michael Adam Insurance Agency Joins SAN Group Inc.

Satellite Agency Network Group Inc. (SAN) announced that Michael Adam Insurance Agency of Dansville, N.Y., has joined the alliance. By joining SAN Group, Michael Adam Insurance Agency will have access to additional markets and competitive insurance products in the industry. …

Assurant to Buy The Warranty Group for $2.5 Billion

Assurant will pay $2.5 billion to acquire The Warranty Group, a rival that provides insurance protection plans in areas including consumer electronics and appliances. Assurant is buying The Warranty Group from TPG Capital, a global alternative asset firm with interests …