Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Pennsylvania’s Element Risk Management Acquires Rhodes Insurance Agency
Jun 2 2017 // West Chester, Penn.-based Element Risk Management has finalized the acquisition of Rhodes Insurance Agency Inc., also located in West Chester. The acquisition is expected to strengthen Element Risk’s footprint in...
Sompo International to Acquire Novae’s Financial Institutions’ Renewal Rights
Jun 2 2017 // Sompo International, a Bermuda-based specialty provider of property and casualty re/insurance, announced its London market insurance platform has agreed to acquire Novae Syndicates Ltd.’s financial...
Wisconsin’s AVID Risk Solutions, Family Insurance Acquiring ISC
May 31 2017 // Federal Chief U.S. District Judge James Peterson has approved the sale of ISC insurance agency assets to Wisconsin-based AVID Risk Solutions Inc. and Family Insurance Center, AVID Risk Solutions announced. ISC insurance...
Arthur J. Gallagher Acquires Houston’s Zuber Insurance Agency
May 31 2017 // Arthur J. Gallagher & Co. has acquired Zuber Insurance Agency Inc. in Houston, Texas. Terms of the transaction were not disclosed. Zuber Insurance was founded in 1934 by J.L. Zuber. Expanded under the leadership of his...
Why 27% of U.S. Firms Have No Plans to Buy Cyber Insurance
May 31 2017 // A full 50 percent of U.S. firms do not have cyber risk insurance and 27 percent of U.S. executives say their firms have no plans to take out cyber insurance, even though 61 percent of them expect cyber breaches to increase...
USI Acquires Employee Benefits Business from Pennsylvania’s The Hartman Group
May 30 2017 // USI Insurance Services (USI) has acquired Hartman Employee Benefits Inc. (Hartman Employee Benefits) from The Hartman Group. Hartman Employee Benefits and its employees will remain at the current Williamsport and State...
Arthur J. Gallagher Acquires Williams-Manny Insurance in Illinois
May 30 2017 // Arthur J. Gallagher & Co. has acquired Williams-Manny Insurance Group, headquartered in Rockford, Illinois. Terms of the transaction were not disclosed. Founded in Rockford in 1896, Williams-Manny Insurance Group is a...
NFP Acquires Oklahoma’s Bigbie, Hensley & Janway Insurance
May 30 2017 // Insurance broker and consultant NFP has acquired Oklahoma City-based Bigbie, Hensley & Janway Insurance Agency Inc.(BHJ). The transaction closed on May 1, 2017. BHJ provides benefits products and services with an...
Saudi Arabia’s MedGulf Denies It’s Seeking to Be Acquired
May 30 2017 // The Mediterranean & Gulf Insurance & Reinsurance Co., a Saudi Arabian insurer known as MedGulf, denied it’s considering putting itself up for sale. MedGulf isn’t exploring strategic options that could...
A.M. Best Affirms Ratings of PartnerRe & Subsidiaries
May 26 2017 // A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Bermuda-based Partner Reinsurance Co. Ltd. and its affiliates (collectively referred...
Private Investment Firm, J.C. Flowers, Acquires UK General
May 25 2017 // J.C. Flowers & Co. LLC, a New York-headquartered private investment firm that focuses on investing in the global financial services industry, announced it has acquired UK General Insurance Group Ltd. Completed on May...
Ironshore Raises Capacity for M&A Cover, Tax Consortium Launched
May 24 2017 // Ironshore International’s Mergers & Acquisitions and Tax Insurance unit has enhanced its consortium programs to meet client and broker demand for larger, streamlined limits. Ironshore will increase the capacity...
EPB&B in Oregon Partners with ISU Insurance Network
May 23 2017 // Portland, Ore.-based Elliott, Powell, Baden & Baker has partnered with ISU Insurance Agency Network. EPB&B offers business and personal insurance. San Francisco, Calif.-based ISU Network is a organization with 180...
Pennsylvania’s Lacher & Associates Acquires Brunner Insurance
May 23 2017 // Lacher & Associates of Souderton, Penn., has acquired Brunner Insurance of Richlandtown, Penn. Founded by Gus Brunner in 1960, Brunner Insurance specializes in providing for the insurance needs of families and...
Underwriting Agency, CFC, Partners with Kidnap Response Expert EOS Risk
May 22 2017 // Lloyd’s managing general agency CFC announced it has formed a partnership with risk management and security consultant, EOS Risk. EOS Risk joins red24 and S-RM on CFC’s panel of security companies that...
Canada’s Rogers Insurance Partners with Megson FitzPatrick
May 18 2017 // Rogers Insurance Ltd. announced it has partnered with Victoria, British Columbia-based Megson FitzPatrick Inc., beginning with the purchase of a minority stake in Megson FitzPatrick. The financial details of the purchase...
Arthur J. Gallagher Acquires Nebraska’s Strong Financial Resources
May 17 2017 // Arthur J. Gallagher & Co. has acquired Strong Financial Resources Inc., with offices in Aurora and Lincoln, Nebraska. Terms of the transaction were not disclosed. Founded in 1996 by Calvin Strong, Aurora-headquartered...
AIG Agrees to Acquire Hamilton USA, Partner with Two Sigma, Grow Insurtech Attune
May 15 2017 // American International Group Inc. will acquire Hamilton USA as part of a memorandum of understanding with Hamilton Insurance Group and Two Sigma Insurance Quantified that is designed to further their investment in the...
Survey: Agents Suggest How Carrier Partners Can Move from ‘Good’ to ‘Great’
May 15 2017 // You might expect to see high levels of satisfaction between an independent agency and its top carrier, but that isn’t always the case. Peeling back the layers usually reveals fertile ground for improvement and shows...
Higginbotham Acquires Part of Hilb Group of Texas
May 12 2017 // Fort Worth, Texas-based insurance agency, Higginbotham, has purchased a portion of the Hilb Group of Texas LLC’s operations in San Antonio. The transaction adds eight insurance and customer service professionals with...
