Business Moves & Mergers News

Confie Seguros Acquires Texas State Low Cost Insurance

Confie Seguros, a national provider of personal lines insurance, has acquired Texas State Low Cost Insurance Agency of Austin, expanding the company’s network beyond its current locations in San Antonio and Houston. Texas State Low Cost Insurance was founded by …

Oklahoma’s Midlands MGA Joins Trusted Choice

Oklahoma-based managing general agent, Midlands, is the newest member of the Trusted Choice consumer branding program for independent insurance agents and brokers, the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) announced. Midlands, headquartered in Oklahoma …

CBIZ Acquires Minnesota’s Associated Insurance Agents

CBIZ Inc. announced it acquired Associated Insurance Agents (AIA), of Minneapolis, Minn., effective May 1, 2013. Established in 1982, AIA is an insurance brokerage agency specializing in property and casualty insurance, personal lines, and health and benefit insurance for clients …

Insurance Inc. Opens Second Location in Southern California

Insurance Incorporated has opened an office in Upland, Calif. to serve business owners and consumers located in San Bernardino County and surrounding areas. The office will be led by Tom Thomas, who has 30 years’ experience in the insurance industry. …

Univest Acquires John T. Fretz Insurance Agency in Pennsylvania

Univest Corporation of Pennsylvania and its insurance subsidiary, Univest Insurance Inc., announced this month the acquisition of John T. Fretz Insurance Agency Inc. John T. Fretz Insurance Agency is a family-owned-and-operated property/casualty insurance agency for both personal and commercial clients. …

ACE Acquires Mexico Personal Lines Insurer ABA Seguros

ACE Limited announced that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing dividend taken by the seller. ACE noted that ABA …

Keystone Insurers Group to Expand into Illinois

Property and casualty insurance franchisor, Keystone Insurers Group, announced it will begin adding partner agencies in Illinois during the fourth quarter of 2013. Illinois will become the ninth state represented in the Keystone group of independent agencies. Initially Keystone will …

AJ Gallagher Acquires UK’s Property & Commercial Limited

Arthur J. Gallagher announced the acquisition of UK-based Property & Commercial Limited from Barbon Insurance Group. Terms of the transaction were not disclosed. “This insurance business provides retail and wholesale insurance products and services as well as affinity business and …

Applied Systems Acquires IVANS P/C Business

Insurance software vendor Applied Systems said it has completed its acquisition of the property/casualty business of IVANS, which has been providing products for insurance data exchange and integration between insurance carriers and agencies for more than 30 years. The IVANS …

Confie Seguros Acquires Capital Insurance Agency in New Jersey

Hispanic market-focused insurance agency network Confie Seguros announced the acquisition of Capital Insurance Agency of Trenton, N.J. Capital Insurance has been in business since 1935 and specializes in personal insurance lines, as well as commercial insurance. Confie Seguros CEO Joe …