Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
USI Insurance Services to Acquire Johnson & Bryan in Atlanta
Sep 21 2016 // USI Insurance Services has entered into an agreement in principle to acquire Johnson & Bryan, a retail property-casualty and employee benefits insurance brokerage firm based in Atlanta. The acquisition will expand...
Evergreen Insurance in New York Acquires Sheridan’s Assets
Sep 20 2016 // Evergreen Insurance & Risk Management, a Monsey, New York, based insurance brokerage for investment real estate, has acquired the assets of Sheridan & Company Group LLC and T.J. Sheridan & Co. Inc. Terms of the...
Surplus Lines Office: Compliance Required after Essex/Evanston Merger
Sep 19 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) is alerting surplus lines insurance professionals in the state that due to the merger of Markel companies Essex Insurance Co. (Essex) into Evanston Insurance Co....
P/C Insurance Agency Mergers and Valuations Up Again: OPTIS
Sep 19 2016 // The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as second-most-active six-month period since 2008. According to a new report on agency merger activity by Chicago-based investment...
XL Catlin to Buy Australian Underwriting Agency Brooklyn
Sep 16 2016 // Specialist insurer XL Catlin has agreed to acquire Australia’s Brooklyn Underwriting from Paul Hines. Brooklyn is an underwriting agency in Australia and a Lloyd’s approved coverholder, that has been operating...
New Inflation Requirements for Pennsylvania Long Term Care Partnership Policies to Take Effect
Sep 16 2016 // Pennsylvania Insurance Commissioner Teresa Miller announced a change in guidance allowing greater flexibility in federally required inflation protection for long term care partnership policies. This flexibility means more...
Confie Acquires Miami-Based Absolute Insurance Agency
Sep 15 2016 // Confie, a national provider of personal and commercial lines insurance, has acquired Absolute Insurance Agency, Inc., in Miami. Absolute, established in 1989, focuses on providing non-standard auto insurance. Confie has...
R&Q Acquires Royal London General Insurance in Run-Off
Sep 13 2016 // Randall & Quilter Investment Holdings Ltd. has agreed to acquire Royal London General Insurance Co., a UK non-life insurance company in run-off, from The Royal London Mutual Insurance Society Limited. According to...
PartnerRe Taps Willis Re’s Beedle to Head Asia-Pacific
Sep 13 2016 // James Beedle will be appointed to the position of head of Asia-Pacific and CEO of Partner Reinsurance Asia Pte. Ltd. to head up PartnerRe’s business operations in that region. Subject to regulatory approval, Beedle...
AIG Commercial Lines CEO Schimek Eyes Acquisitions for Value-Added, Not Scale
Sep 12 2016 // American International Group Inc. would weigh acquisitions to bolster high-priority businesses, even as Chief Executive Officer Peter Hancock exits other units, the head of the company’s commercial insurance...
Work Comp Bureau Funding Workplace Safety Research at Ohio Universities
Sep 12 2016 // The state Bureau of Workers’ Compensation has awarded two Ohio universities with money to research occupational health and safety. The grants support research in how injuries can prevented in the workplace and ways...
Axis CEO Says Acquisition Still in Play Despite Striking Out on PartnerRe
Sep 12 2016 // Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking for more partnerships and may try another comparable takeover, its chief executive officer...
California-Based Confie Acquires Illinois Insurance Agency
Sep 12 2016 // Confie, a national provider of personal and commercial lines insurance, has acquired the BMR Agency LLC dba First Stop Insurance in Washington Park, Ill. First Stop Insurance specializes in non-standard auto insurance. The...
Confie Acquires CityWide in Las Vegas
Sep 12 2016 // Confie has acquired CityWide Insurance in Las Vegas, Nev. CityWide specializes in auto, home, life and health insurance services. Confie has completed 14 acquisitions so far in 2016. Huntington Beach, Calif.-based Confie...
Hub International Acquires Canadian Agency, New Dimensions Underwriters
Sep 12 2016 // Global insurance broker Hub International Ltd. has acquired New Dimensions Underwriters Ltd. Based in Edmonton, Alberta, Canada, New Dimensions is a managing general agency. Russ Davis, the owner and president of New...
Hanover Stone Partners Adds 3 to Midwest Risk Management Team
Sep 9 2016 // Risk management services firm Hanover Stone Partners has appointed Katherine Smith Dedrick, William M. Goddard, and David A. Seibert as senior risk advisors in the Central United States. Based in Chicago, Dedrick is an...
London’s BMS Re Acquires Texas Reinsurance Broker
Sep 9 2016 // London-based BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations. BMS, which is the broking arm of Minova Insurance, acquired Advocate...
Greenlight Re Expanding into Europe, Asia with New Partnership
Sep 9 2016 // Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to improve underwriting. The...
Alliant Acquires Farmin, Rothrock & Parrott in Washington
Sep 8 2016 // Alliant Insurance Services Inc. has acquired Spokane, Wash.-based Farmin, Rothrock & Parrott. Terms of the deal were not disclosed. This marks Alliant’s fifth acquisition in the Northwest since 2014. John...
Current State of P/C Insurance Agency Mergers and Valuations
Sep 8 2016 // The number of insurance agency mergers and acquisitions in the first half of 2016 ranked as second-most-active six-month period since 2008. According to a new report on agency merger acivity by Chicago-based investment...
