Business Moves & Mergers News

Hub International Acquires The HDH Group in Pittsburgh

Insurance brokerage Hub International Limited announced today its acquisition of Pittsburgh-based The HDH Group (HDH). Terms of the acquisition were not disclosed. HDH will establish a new regional operation for Hub that will serve as a platform for future expansion …

Alliant Insurance Services Acquires Preferred Concepts in New York

Specialty insurance brokerage Alliant Insurance Services announced today it has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, an insurance program underwriter and wholesale broker based in New York with additional offices in New Jersey …

Marsh & Mclennan Agency Acquires J.W. Terrill in Missouri

Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh, has acquired St. Louis, Mo.-based J.W. Terrill, one of the largest independent agencies in the Midwest. Terms of the transaction were not disclosed. This acquisition is MMA’s first in Missouri. …

Lighthouse Enters Texas Homeowners Insurance Market

Lighthouse Property Insurance Corp. (Lighthouse), with headquarters in Florida, began offering homeowners insurance and flood insurance throughout Texas on July 1. Lighthouse also provides coverage to more than 36,000 policyholders in Louisiana, South Carolina and North Carolina, and distributes products …

Big ACE-Chubb Deal Triggers ‘Feverish’ Merger Speculation

Evan Greenberg just took dealmaking to the next level. The chief executive officer of property/casualty insurer ACE Ltd. on Wednesday announced a $28 billion deal for rival Chubb Corp. It’s the biggest acquisition in the industry since the 2008 government …

Propel Insurance Acquires Ross & Associates in Oregon

Propel Insurance has acquired Portland, Ore.-based Ross & Associates Insurance Services Inc. Terms of the deal were not disclosed. Ross & Associates provides business and personal insurance, including builder’s risk, professional liability employee benefits, workers’ compensation and bonding. Propel is …

ACE to Acquire Chubb in $28.3 Billion Deal

In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and distribution and greater growth and earnings than …

DUAL Enters Central, East European Market with Launch of DUAL Polska

DUAL Group, the underwriting arm of Hyperion Insurance Group, announced its launch into Central and Eastern Europe (CEE), following the acquisition of the majority stake of Toruń, Poland-headquartered insurance specialist, Data Connect Direct (DCD). This acquisition, which creates DUAL Polska, …

Willis CEO, Casserley, Opts Against Taking Severance Pay in Towers Watson Deal

Willis Group Holdings plc’s chief executive officer, who is taking a lesser role under the insurance broker’s planned merger with Towers Watson & Co., has opted against taking some compensation that he was entitled to get. “Dominic Casserley will not receive a …

Founders Professional Opening Chicago Office

Founders Professional, a professional liability insurance wholesaler, announced it is opening an office in downtown Chicago. The new location will be Founders Professional second; its first location is in St. Petersburg, Fla. Marketing and business development executive Aaron Lipson has …