Business Moves & Mergers News

Arthur J. Gallagher to Buy Australian Wesfarmers’ Insurance Brokerage

Perth, Australia-based conglomerate Wesfarmers has agreed to sell the insurance brokerage and premium funding operations of its Insurance division to subsidiaries of U.S.-based broker Arthur J. Gallagher & Co. for A$1,010 million (about U.S. $933 million). In addition to the …

Confie Head Eyes Commercial Acquisitions for Rest of 2014

Confie Seguros’ president wants it known that the agency made good on its promise a year-and-a-half ago to up its buying spree and expand into standard personal and small commercial lines, all while broadening its demographic from being primarily a …

Arthur J. Gallagher Buys New Zealand’s Mike Henry Brokers

Arthur J. Gallagher & Co. has acquired Mike Henry Insurance Brokers Limited (MHIB), headquartered in Auckland, New Zealand. MHIB has annualized revenues of approximately $4.5 million and 30 staff operating from its offices in Auckland and Christchurch, according to the …

Marsh & McLennan Agency Acquires South Carolina’s Capstone

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC, ] has acquired Capstone Insurance Services LLC, a $1.8 million revenue agency located in Greenville, South Carolina. Terms of the transaction were not disclosed. Founded in 1995, …

Selective Sells Renewals on Self-Insured Public Entity Book to Great American

Great American Insurance Group has completed a renewal rights agreement with Selective Insurance Co. of America to acquire Selective’s Self-Insured Group book of business. The business, amounting to $38 million in gross written premium in-force, relates to direct excess policies …

Energi Opens Office in Chicago Area

Energi, a provider of risk management and insurance programs for the energy industry, has opened an office in Downers Grove, Ill. The new office, located at the Esplanade I, will provide operational support for Energi’s Midwest risk mitigation and insurance …

The Leavitt Group Creates Leavitt Heartland Insurance Services

The Leavitt Group’s Spearfish and Sturgis, S.D. offices, formerly part of Western Dakota Insurors, are forming a new agency called Leavitt Heartland Insurance Services, which will remain part of the Leavitt Group. All personnel will remain with the agency and …

The Leavitt Group Opens New Office in Houston

The Leavitt Group has opened a new office, Risk Services – Leavitt Insurance Agencies, in Houston. The agency will be co-managed/owned by Vladimir Chemadurov and Rob Eppers. In the South Central region, Utah-based Leavitt Group also has existing offices in …

PSA Insurance & Financial Services Acquires Councill in Maryland

PSA Insurance & Financial Services in Hunt Valley, Md., acquired Councill, a Towson, Md.-based firm offering insurance products, third-party administration and risk management services for nursing homes, assisted living and independent living facilities. The terms of the transactions were not …

Woodruff-Sawyer Opens Denver Office

Woodruff-Sawyer & Co. has launched a Denver, Colo. office, Woodruff-Sawyer Colorado. The office will be headed by Gordon Zellers, the Colorado practice leader. Zellers will focus on client relationship management and business development as he works to build Woodruff-Sawyer’s presence …