Business Moves & Mergers News

Antitrust Review Delays Verisk’s Purchase of EagleView

Verisk Analytics Inc., the supplier of data to insurers and banks, said its planned $650 million takeover of EagleView Technology Corp. has been delayed amid a review by antitrust regulators. The purchase agreement has been extended to Dec. 31, after …

AssuredPartners Acquires Crawford Advisors in Maryland

AssuredPartners Inc., through its subsidiary AssuredPartners of Maryland, LLC, has acquired Crawford Advisors, LLC, in Hunt Valley, Maryland. Terms of the transaction were not disclosed. Crawford Advisors specializes in employee benefits and compliance services for mid-market and large companies. It …

Marketform in Major Modernization Move to New Offices

Specialist Lloyd’s underwriter Marketform announced that it will relocate its entire London staff to new offices at 20 Gracechurch Street, effective today, the 29th of September. “The new premises, 100 meters from Lloyd’s, has been specifically designed to accommodate its …

Hull & Co. of California to Administer Arrowhead’s Traffic Control Program

Hull & Company Inc. and Arrowhead General Insurance Agency Inc. have recently entered into an agreement to transfer Arrowhead’s traffic control insurance program book of business from Arrowhead to Hull’s Irvine, Calif. office. The traffic control program, known as “FLOW,” …

Direct Line Sells Overseas Businesses to Mapfre

Direct Line Insurance Group Plc sold its German and Italian businesses to Spain’s Mapfre SA for €550 million ($700 million) as the company pares back its international operations to cut costs and pay a dividend. The U.K.’s biggest home and auto insurer expects …

Deere Mulls Sale of Crop Insurance Business

Deere & Co., the world’s largest maker of agricultural equipment, hired Citigroup Inc. to look at strategic options for its crop insurance unit as it sells assets to focus on core businesses such as manufacturing. No formal decision has been …

Catalina Agrees to Acquire Danielson Indemnity

Catalina Holdings (Bermuda) Ltd. has signed a definitive agreement to acquire Danielson Indemnity Company, the holding company of National American Insurance Company of California and Danielson National Insurance Company, from Covanta Holdings Corporation. At 30 June 2014, Danielson had total …

Insure.net Acquires Stark Agency in Connecticut

Insure.net, an independent insurance agency based in North Haven, Connecticut, announced it has acquired Stark Agency in Chester, Connecticut. Founded in 2006, Insure.net has been mostly a personal lines agency, but the firm is now starting to grow its commercial …

Aviva Sells Spanish Venture Stake after Tribunal OK’s Deal

British insurer Aviva is selling its stake in joint venture CxG Aviva for €287 million ($369 million) to venture partner Novacaixagalicia (NCG) Banco after a Spanish tribunal ruling cleared the way for a deal. The cash deal is expected to …

Arthur J. Gallagher Acquires Hagedorn & Co. in New York

Arthur J. Gallagher & Co. announced that it has acquired Hagedorn & Company located in New York, New York. Terms of the transaction were not disclosed. Founded in 1869, Hagedorn is a retail insurance broker providing property/casualty, risk management, group …