Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
BTIS announces partnership with Hiscox for new bind-online Small Business Program
Sep 28 2016 // Rocklin, CA, September 28, 2016- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of a new partnership with Hiscox providing access to small business solutions in 49...
Global Risk Partners Buys Marshall Wooldridge, a UK Broker with Growth Plans
Sep 27 2016 // Global Risk Partners Limited (GRP), the acquisitive insurance broking and managing general agent investment vehicle, has acquired Marshall Wooldridge, a UK commercial insurance broker which controls in excess of £20...
Hawaii Governor Asks Obama for Disaster Funding for Maui flooding
Sep 27 2016 // Hawaii Gov. David Ige said he plans to ask President Barack Obama for federal assistance to help Maui communities clean up and repair areas damaged by flooding through Iao Valley. The state and Maui County have already...
Starr Buys Wright USA from Ironshore, Subsidiary of China’s Fosun
Sep 26 2016 // Starr Companies has acquired Wright USA from Ironshore Insurance Services, a subsidiary of China’s Fosun Group. Wright USA is an insurance agency and third-party administrator principally providing Federal Employee...
R&Q Acquires U.S. Sports Captive Insurer in Runoff
Sep 23 2016 // London’s Randall & Quilter Investment Holdings Ltd. said it has acquired United States Sports Insurance Co., a wholly owned captive insurer of USA Swimming Inc. for $2.1 million. The company being acquired was...
National Flood Insurance Program Buys Private Reinsurance, Plans More in 2017
Sep 22 2016 // The federal government has contracted with private reinsurers to improve the National Flood Insurance Program’s claims paying ability and reduce the need for the NFIP to borrow from the U.S. Treasury to cover future...
JenCap Holdings Acquires Missouri-Based M.J. Kelly Co.
Sep 22 2016 // New York-based JenCap Holdings LLC has acquired privately held M. J. Kelly Co. (MJK), a managing general agency and wholesale insurance brokerage based in Springfield, Missouri, with offices in nine states throughout the...
Texas Nonsubscriber Specialist CPro Associates Buys Accident Insurance Services
Sep 22 2016 // Dallas-based general agency CPro Associates Inc. has acquired Accident Insurance Services Inc., also of Dallas. Both companies specialize in Texas nonsubscriber occupational injury benefit plans. The stock purchase...
NSI Insurance Group Acquires New York Based KMH Insurance Services
Sep 22 2016 // NSI Insurance Group, a Miami Lakes, Florida, based privately held insurance agency, has acquired KMH Insurance Services, a New York based specialty insurance broker focused on serving marine and equine customers. Terms of...
Global Risk Partners Acquires U.K.-based SLK General Insurance Services
Sep 21 2016 // Global Risk Partners Ltd. (GRP), the London-based insurance broking and managing general agent investment vehicle, has acquired the commercial and personal insurance broker, SLK General Insurance Services Ltd., based in...
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...
