Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub Acquires Assets from Kelly King in California
May 3 2018 // Hub International Ltd. has acquired certain assets from Kelly King Insurance Services. Terms of the deal were not disclosed. Ripon, Calif., Kelly King’s property/casualty insurance solutions are focused on insuring...
Arthur J. Gallagher Acquires ClearPoint in Washington
May 3 2018 // Arthur J. Gallagher & Co. has acquired Bellevue, Wash.-based ClearPoint Financial Inc. Terms of the deal were not disclosed. Paul Grutzner, Michael Brown and their associates will continue to operate from their current...
AIG Acquisition Target Validus Reports Q1 Loss
May 3 2018 // Validus Holdings reported it lost money during the 2018 first quarter, due partly to more expenses, an underwriting loss in its insurance segment and a drop in income for the carrier’s reinsurance arm. The downbeat...
Associated Banc-Corp Acquiring Minnesota’s Anderson Insurance & Investment
May 2 2018 // Green Bay, Wisconsin-based Associated Banc-Corp (Associated) announced its Associated Benefits and Risk Consulting (ABRC) group will acquire Anderson Insurance & Investment Agency Inc. (Anderson), an independent...
Brown & Brown to Acquire Servco Pacific in Hawaii and Northwest
May 2 2018 // Brown & Brown Inc. has entered into an agreement to acquire the Servco Pacific Insurance operations in Hawaii and the Pacific Northwest. The transaction is expected to close in June 2018, subject to certain closing...
H.W. Kaufman Group Acquires Premium Financing Firm, Stonemark, in Dallas
May 1 2018 // H.W. Kaufman Group has acquired Dallas-based premium financing firm, Stonemark Inc., with plans to merge it into Kaufman subsidiary, Royal Premium. The merger will create a new organization under the Stonemark brand....
Acquisition of Novae Boosts Q1 Results for AXIS Capital
May 1 2018 // AXIS Capital Holdings saw its first-quarter net income and premium volume jump considerably, year-over-year, gains driven largely from its $611.5 million acquisition of Novae Group plc in late 2017. The Bermuda-based...
Peter C. Foy & Associates Completes Acquisitions in California and Nevada
Apr 30 2018 // Woodland Hills, Calif.-based Peter C. Foy & Associates Insurance Services LLC has completed the acquisition of four agencies, three in California and one in Nevada. The acquisitions are Walnut Creek, Calif.-based R.L....
China’s Baidu Selling Majority Stake in Fintechs; May Enter Insurance
Apr 30 2018 // China’s Baidu Inc. said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it looks to deepen its push...
Worldwide Facilities Completes Acquisition of Sullivan Group
Apr 27 2018 // Worldwide Facilities has completed its acquisition of Gerald J. Sullivan & Associates, a national specialty intermediary that trades as The Sullivan Group. Worldwide Facilities acquired all of the outstanding capital...
Chubb CEO Greenberg Is Patient Over M&A But Not With London Market ‘Drunks’
Apr 27 2018 // Don’t expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an “overpriced” market. “The prices...
Reliance Partners Taps Johnson to Lead New Florida Office
Apr 27 2018 // Reliance Partners has expanded with the addition of a new office in Vero Beach, Fla. The expansion marks the fifth office location for Reliance with additional expansion plans underway. Doug Johnson will lead the new South...
Seeman Holtz Acquires Houston Agency’s Marine, Motorcycle Business
Apr 26 2018 // Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida, has acquired the marine and motorcycle insurance business of Elton Porter Insurance Agency in Houston, Texas. Members of the Elton Porter sales and...
Allianz Proceeds with Euler Hermes Acquisition, Delisting
Apr 25 2018 // Allianz Group said it will soon complete the acquisition of Euler Hermes minorities and will delist the trade credit insurer from the Euronext Paris stock exchange. Following the completion of the simplified tender offer...
Hub Acquires Assets of Washington-Based BK-JET Group
Apr 24 2018 // Hub International Ltd. has acquired the assets of Spokane, Wash.-based BK-JET Group LLC. Terms of the deal were not disclosed. Joining Hub Northwest are BK-JET’s founding partners Josh Tyndell, Erin Repp, Tom Blue,...
IBHS, Alabama Insurance Underwriting Association Partner on Roof Aging Farm
Apr 24 2018 // The Alabama Insurance Underwriting Association (AIUA) has partnered with the Insurance Institute for Business & Home Safety (IBHS) to develop a roof aging farm in Foley, Ala. This longer-term research project was...
Missouri’s Midland Commerce Insurance Buys Dublin Insurance Agency
Apr 24 2018 // St. Louis, Missouri-based Midland Commerce Insurance has purchased Dublin Insurance Agency, a family owned and operated company that was founded in 1964 by Tom Mooney and later bought by owner Eileen Markham in...
Reliance Partners of Tennessee Adds Seidl as V.P. of Risk Services
Apr 24 2018 // Reliance Partners has added John Seidl as vice president of Risk Services in its Chattanooga, Tenn., office. Seidl is a former Wisconsin State Motor Carrier Trooper and FMCSA Investigator with more than 20 years of...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
Apr 23 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented their ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management...
AssuredPartners Acquires The Elan Group of Florida
Apr 23 2018 // AssuredPartners, Inc. has acquired The Elan Group of Tampa, Fla., an employee benefits firm specializing in the design, enrollment and service of employee benefits plans. The company’s staff of 21 will remain under...
