Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
CDI’s Finston Becomes Partner at Drinker Biddle & Reath in California
Jun 6 2017 // John Finston, most recently deputy commissioner and general counsel for the California Department of Insurance, has joined Drinker Biddle & Reath LLP as a partner. Finston will work from the firm’s San Francisco...
Co-operators General Expands Quebec Agency Force by Acquiring Assurance Auclair
Jun 6 2017 // The Co-operators General Insurance Co. in Montreal has purchased Assurance Auclair located in Quebec City. The brokerage’s portfolio includes personal and commercial insurance policies. “We have seen steady...
Maine’s Cross Insurance Acquires Appleby & Wyman Insurance Agency
Jun 6 2017 // Cross Insurance, a Bangor, Maine-based subsidiary of Cross Financial Corp., has acquired Appleby & Wyman Insurance Agency, making it the 16th Massachusetts insurance agency to be purchased by Cross. Founded in 1903,...
The Andrew Agency Acquires Wood Insurance in Virginia
Jun 5 2017 // The Andrew Agency, a Richmond, Va.-headquartered insurance broker, has acquired Wood Insurance, effective June 1, 2017. Terms of the transaction were not disclosed. Also based in Richmond, Va., Wood Insurance specializes...
Specialty Program Group Acquires Paul Hanson Partners in California
Jun 2 2017 // Specialty Program Group, a holding company for specialty insurance underwriting facilities, has acquired the assets of Paul Hanson Partners and its affiliate, PHP International. Terms of the deal were not disclosed. Napa,...
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...
