Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Alliant Acquires Burkhardt Consulting in Idaho
Mar 13 2017 // Alliant Insurance Services Inc. has acquired Coeur d’Alene, Idaho-based Burkhardt Consulting LLC. Burkhardt joins Alliant’s employee benefits group, with the firm continuing to service clients from its Coeur...
Travelers to Buy UK-Based Simply Business for $490M
Mar 13 2017 // The Travelers Cos. Inc. announced it has agreed to acquire Simply Business from Aquiline Capital Partners LLC for approximately $490 million, which includes the repayment of debt and other obligations at closing. Operating...
NJM Partners with American Modern to Offer Enhanced Collector Car Insurance
Mar 13 2017 // NJM Insurance Company has announced an expanded partnership with American Modern Insurance Group for coverage available in New Jersey and Pennsylvania. American Modern offers comprehensive collector car insurance policies....
York Acquires Stock of New York’s Northeast Association Management
Mar 9 2017 // York Risk Services Group (York), a Parsippany, N.J.-based provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, has acquired...
Africa’s Disaster Resilience Is Focus of New African Risk Capacity Partnership
Mar 9 2017 // The African Risk Capacity (ARC) has teamed up with the African Development Bank (AfDB) to help African nations strengthen their resilience to weather-related risks. The ARC and the AfDB will work together to develop their...
USI Insurance Services Acquires Carolina First Associates in North Carolina
Mar 8 2017 // USI Insurance Services (USI) has acquired Carolina First Associates LLC, an employee benefits insurance advisor located in Hickory, N.C. This acquisition extends USI’s presence as a middle market insurance brokerage...
Hub Acquires Assets of Montana-Based Cassco Insurance
Mar 7 2017 // Hub International Ltd. has acquired the assets of Wolf Point, Mont.-based Cassco Insurance Inc. Terms of the deal were not disclosed. Michael Cassidy, Cassco’s president, will join Hub Mountain and report to Rene...
World Insurance Associates Acquires Coverage Administrators in New Jersey
Mar 7 2017 // World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., acquired Coverage Administrators Inc. of New York, N.Y. on February 1, 2017. Coverage Administrators Inc. has been...
Florida’s Avatar Partners Agrees to Acquire Elements Property Insurance Holdings
Mar 7 2017 // Avatar Partners LP, the parent company of Tampa, Fla.-based Avatar Property & Casualty Insurance Company (Avatar), has agreed to acquire Tallahassee, Fla.-based Elements Property Insurance Holdings LLC and its...
PartnerRe Names Aon Benfield’s Cabrera as Head of Latin America
Mar 7 2017 // PartnerRe Ltd. announced that Humberto Cabrera has been appointed to the position of head of Latin America. He replaces interim head of Latin America, Salvatore Orlando, who will continue in his position of head of Middle...
Chinese Watchdog Weighs Relaxing Rules for Big Insurers’ Overseas M&A
Mar 6 2017 // China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier insurers would come under tighter scrutiny. The...
Scotland’s Standard Life to Buy Aberdeen Asset Management for $4.7B
Mar 6 2017 // Standard Life Plc, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management Plc for about 3.8 billion pounds ($4.7 billion), creating one of Europe’s biggest fund managers. Under the terms, which...
Hub International Acquires Texas-Based Tri-Star Insurance
Mar 3 2017 // Hub International Limited (Hub) has acquired the assets of Tri-Star Insurance Professionals Inc. (Tri-Star) in Plano, Texas. Terms of the acquisition were not disclosed. Tri-Star specializes in personal lines and...
Starkweather & Shepley Acquires Massachusetts’ McGrath Insurance Group
Mar 3 2017 // Starkweather & Shepley Insurance Brokerage Inc. (S&S), an East Providence, R.I.-headquartered independent insurance agency, has acquired the independent insurance agency McGrath Insurance Group, operating in...
The Hilb Group Acquires Charlotte Insurance of North Carolina
Mar 3 2017 // The Hilb Group, LLC (THG) has acquired Charlotte Insurance, located in Charlotte, N.C. The transaction became effective Feb. 1, 2017. Founded in 1992, Charlotte Insurance is one of the largest locally owned property &...
Hub Acquires LISSC in Southern California
Mar 2 2017 // Hub International Ltd. has acquired LISSC in Santa Ana, Calif. Terms of the deal were not disclosed. LISSC’s team will join Hub California. Angelo Maroutsos and Dennis Monahan, co-owners, and David Trevino, vice...
Marsh & McLennan Agency Acquires Minneapolis-Based Blakestad
Mar 2 2017 // Marsh & McLennan Agency LLC (MMA) has acquired Blakestad Inc., a private client and commercial lines independent insurance agency. Terms of the transaction were not disclosed. Headquartered in Minneapolis, Minn.,...
Baldwin Risk Partners Partners with Affordable Home Insurance of Florida
Mar 2 2017 // Baldwin Risk Partners (BRP), a Tampa, Fla.-based insurance distribution holding company, has partenred with Affordable Home Insurance Inc. (AHI) a Miramar Beach, Fla.-based insurance agency. AHI offers insurance products...
Acentria Acquires Orlando-Based Walker Insurance
Mar 1 2017 // Acentria Insurance has finalized its merger with Walker Insurance & Financial Services, Inc., located in Orlando, Fla. Walker Insurance has specialized in personal and business insurance for local residents for more...
The Plexus Groupe Acquires Fairway Financial Insurance
Mar 1 2017 // The Plexus Groupe LLC (Plexus), a privately held national insurance brokerage and risk management consultancy based in Deer Park, Ill., has acquired Arlington Heights, Ill.-based Fairway Financial Insurance Group...
