Business Moves & Mergers News

Engle Martin Closes Acquisition of Eberl in Colorado

Engle Martin & Associates has completed its acquisition of a majority share of Eberl’s Claim Service Inc. of Lakewood, Colo. and its related companies. Eberl provides catastrophe loss adjusting and claims-related services with a focus on residential and automobile insurance …

MedPro Group Finalizes Acquisition of Oklahoma-Based PLICO

MedPro Group (MedPro), a Berkshire Hathaway subsidiary, has its completed its acquisition of healthcare liability insurer PLICO Inc. (PLICO) from the Oklahoma State Medical Association (OSMA). The transaction process — from signing to closing — took less than 60 days, the …

Hub International Acquires Agencies in Washington and California

Hub International Ltd. has acquired the assets of Arrow Insurance Service Inc. in Simi Valley, Calif. and it has acquired the assets of EmSpring Corp. in Washington. Terms of the deals were not disclosed. Arrow provides specialty retail insurance and …

AssuredPartners Acquires Colorado Insurance Broker Sisk & Co.

AssuredPartners Inc. has acquired Sisk & Co. of Denver, Colo. The agency’s 27 employees will continue to operate from the Denver headquarters under the local leadership of Principal Thomas J. Sisk. Sisk & Co. provides insurance, risk management and safety …

Blackstone Acquires Major Interest in Mortgage Insurer PMI

Blackstone Group LP acquired a “significant equity stake” in mortgage insurer PMI Group Inc. Blackstone, the New York-based private-equity firm, will provide a loan to PMI for working capital and gains the right to take part in future equity offerings, …

A.J. Renner & Associates Acquired by RT Specialty

R-T Specialty LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group LLC, has acquired A.J. Renner & Associates, an Illinois-based wholesale insurance broker specializing in the life science arena. Following the close of the transaction, the core of the …

NFP Acquires Insurance Management Associates in New Jersey

NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today that it has acquired Insurance Management Associates (IMA) in Voorhees, New Jersey. Terms of the transaction were not disclosed. Founded in 1962, …

Arthur J. Gallagher Acquires Missouri Program Administrator

International insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has acquired program administrator, National Administration Co., based in Chesterfield, Mo. Terms of the transaction were not disclosed. Founded in 1987, National Administration Co. (NAC) is a national …

Qatar Re to Change Corporate Domicile to Bermuda

Qatar Reinsurance Company LLC (Qatar Re) has announced its intention to transfer its seat of incorporation from the Qatar Financial Centre to Bermuda, during the fourth quarter of 2015. The move is subject to regulatory approvals. The announcement explained that …

U.S. Risk to Acquire Florida-Based Strategic Program Managers

U.S. Risk Insurance Group, Inc. has entered into an agreement involving the acquisition by U.S. Risk of an undisclosed ownership interest in Florida-based Strategic Program Managers, a specialist trucking MGA and broker. The combined premium volume in this class will …