Business Moves & Mergers News

Allied World to Acquire RSA’s Hong Kong, Singapore Operations

Allied World Assurance Company Holdings, AG announced that one of its operating units, Allied World Assurance Company, Ltd. has reached definitive agreements to acquire the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA) for approximately …

A.P. Michaud Acquires Nancy Greenwood Agency in Massachusetts

A.P. Michaud Insurance Agency Inc., an independent insurance agency in Methuen, Massachusetts, announced the acquisition of Nancy Greenwood Insurance Agency, also based in Methuen. Terms of the transaction were not disclosed. All current clients of Nancy Greenwood Insurance Agency will …

NFP Acquires 2 Agencies in New England

National Financial Partners Corp. (NFP) announced the acquisitions of two independent insurance agencies in New England: Poulos Insurance Inc. and Altus Specialty Group LLC. Terms were not disclosed. NFP said the acquisitions would help expand NFP’s property/casualty offerings. Poulos Insurance, …

Fosun Said to Pursue Deal for Swiss Re’s Aurora in the U.S.

Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is in talks to acquire a U.S. life insurance arm of Swiss Re Ltd., people with knowledge of the matter said. Fosun is seeking to buy Aurora National …

China Investment Firm Fosun Buying Stake In Ironshore

An investment group from China will buy a big stake in in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives that filed plans for a $100 million IPO in June. Fosun International Ltd. has agreed to …

USI to Acquire 7 Willis Retail Brokerage Locations Across U.S.

USI Insurance Services announced it has entered into an agreement with certain subsidiaries of Willis North America Inc., part of Willis Group Holdings, to acquire seven of Willis’ retail insurance brokerage locations across the United States. Terms of the transaction …

Select Guard in California Joins The Iroquois Group

Los Angeles, Calif.-based Select Guard Insurance Services LLC has joined The Iroquois Group. Select Guard, division of Westwood Group LLC, offers a range of insurance products with a focus on power sports vehicle insurance. Iroquois is property/casualty insurance agency with …

Ladenburg Thalmann to Acquire KMS Financial Services in Washington

Ladenburg Thalmann Financial Services Inc. has signed a definitive agreement to acquire KMS Financial Services Inc., a Seattle, Wash.-based independent broker-dealer and investment advisor with a strong presence in the Pacific Northwest. Under the terms of the deal, Ladenburg will …

AXA to Buy $450 Million Stake in U.K. Mall from Land Securities

AXA SA’s property unit agreed to buy a 50 percent stake in a shopping mall and other assets in the English city of Bristol from Land Securities Group Plc for £267.8 million ($450 million). The purchase of Cabot Circus, about …

Chicago-Based Linden Group Joins Digital Benefit Advisors

Linden Group Health Services has joined Digital Benefit Advisors (DBA), a division of Digital Insurance. Digital acquired the Chicago firm, which specializes in group benefits solutions for small to mid-sized companies, and will open a second DBA office in Chicago, …