Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
SWBC Insurance Services Acquires Levy & Levy & Lefton in San Antonio
Sep 7 2016 // San Antonio-based SWBC Insurance Services, a division of SWBC, has acquired Levy & Levy & Lefton Insurance Agency, one of the oldest independent insurance agencies in San Antonio. David Lefton, principal of Levy...
Triumph Insurance Acquires Southern Transportation Insurance Agency
Sep 7 2016 // Triumph Insurance Group has acquired Dallas-based Southern Transportation Insurance Agency Ltd. Triumph is a full service commercial insurance agency specializing in the transportation sector, and is a subsidiary of TBK...
Hub Acquires Assets of Alaska-Based Patterson Insurance Brokers
Sep 7 2016 // Hub International Ltd. has acquired the assets of Anchorage, Alaska-based Patterson Insurance Brokers. Terms of the deal were not disclosed. Kent Patterson, Patterson’s president, will join Hub Northwest as vice...
Western Growers Partners with JLT
Sep 7 2016 // Western Growers Insurance Services has formed an alliance with JLT Specialty USA. The alliance provides Western Growers the ability to offer agribusiness and food clients access to global insurance carriers. Additionally,...
Massachusetts’ Gordon Insurance and Atlantic Advisers Announce Merger
Sep 7 2016 // Andrew G. Gordon Insurance Inc., a Norwell, Mass., based insurance provider, and Atlantic Advisers Insurance Agency Inc., also of Norwell, Mass., have announced their merger. The companies will combine to operate as Gordon...
New York’s Integro Insurance Brokers Acquires Insurance Revolution
Sep 7 2016 // Integro Insurance Brokers, a New York headquartered international broker and risk management firm, has acquired Insurance Revolution Inc., a Princeton, N.J., based risk management firm. Insurance Revolution Inc. is the...
