Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
HomeServices of America Acquires Minnesota’s PCG Agencies
Mar 14 2016 // HomeServices of America Inc., a Berkshire Hathaway affiliate, has acquired Minnesota-based PCG Agencies Inc., a large independent personal insurance agency. Terms were not disclosed. Headquartered in St. Paul, PCG offers a...
China Insurer Anbang Offers $6.5 Billion to Buy Major U.S. Hotel Group
Mar 13 2016 // China’s Anbang Insurance Group has agreed to acquire Strategic Hotels & Resorts Inc. for around $6.5 billion, as the owner of New York’s iconic Waldorf Astoria expands its U.S. hotel portfolio, a person...
Arthur J. Gallagher & Co. Acquires Braband Insurance in Illinois
Mar 11 2016 // Itasca, Ill.-based insurance broker, Arthur J. Gallagher & Co., has acquired Vincent L. Braband Insurance Inc. in Arlington Heights, Ill. Terms of the transaction were not disclosed. Established in 1930, Vincent L....
Marshall & Sterling Acquires Valley Group in New York
Mar 11 2016 // Marshall & Sterling Insurance announced that it has acquired the Valley Group Inc., an insurance and financial services agency based in Kingston, New York, with a satellite office in Hopewell Junction, New York. Terms...
H.W. Kaufman Financial Group Acquires New Orleans Site for Burns & Wilcox Center
Mar 10 2016 // The Michigan-based specialty insurance organization, H.W. Kaufman Financial Group, has acquired the Cox Communications Building located in the greater New Orleans area. As part of the acquisition, the building will be...
Hub International Acquires BenefitsMart in Massachusetts
Mar 9 2016 // Hub International Limited announced that it has acquired the assets of BenefitsMart LLC, a benefits brokerage in Burlington, Massachusetts. Terms of the transaction were not disclosed. Founded in 1993, BenefitsMart...
Brown & Milliken Agency, Holmes Agency Announce Merger in Maine
Mar 8 2016 // The Brown & Milliken Agency and the Holmes Agency, two independent insurance agencies based in Ellsworth, Maine, announced that their firms have merged as of March 1. Terms of the transaction were not disclosed. The...
Risk Strategies Acquires Lester Brokerage in New Jersey
Mar 8 2016 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm based in Boston, announced that it has acquired Lester Brokerage, an independent agency in Englewood Cliffs, New Jersey....
American Financial Offers to Buy Rest of Insurer National Interstate for $293M
Mar 8 2016 // About two years after withdrawing a similar offer, American Financial Group Inc. is proposing to acquire all of the outstanding common shares of specialty transportation insurer National Interstate Corp. that its...
Protector Holdings Acquires BetterWay Insurance in California
Mar 7 2016 // Protector Holdings has acquired Concord, Calif.-based BetterWay Insurance Services. Terms of the deal were not released. BetterWay specializes in providing insurance services to Hispanic consumers, and writes wries auto,...
Altitude Risk Partners Appoints Audis as Senior Aviation Underwriter
Mar 7 2016 // Altitude Risk Partners, the global aviation and space underwriting business, has expanded its general aviation capabilities with the appointment of Martin Audis as senior underwriter. Audis joins from Starr Aviation where...
Aetna Acquisition of Louisville-Based Humana Gets OK from Kentucky, Florida Regulators
Mar 7 2016 // Louisville, Ky.-based Humana has been approved for takeover by Aetna by Kentucky regulators, according to a statement from the Kentucky Department of Insurance Commissioner Brian Maynard. The order approving the request...
Why Buyers, Sellers File Claims Under M&A Insurance: AIG
Mar 7 2016 // Nearly 14 percent of mergers and acquisitions (M&A) insurance policies written globally by American International Group Inc. resulted in a claim, according to a study by the insurer, one of the largest writers of...
Florida Trucking Association Partners With CargoNet to Address State Cargo Theft
Mar 4 2016 // Verisk Analytics, a data analytics provider, has formed an alliance between its CargoNet business and the Florida Trucking Association (FTA) to help members reduce cargo theft risk and lobby for stricter penalties and more...
Hub International Acquires Assets of Gwaltney & Associates in Alaska
Mar 4 2016 // Hub International Ltd. has acquired the assets of Anchorage, Alaska-based Gwaltney & Associates Inc. Terms of the deal were not disclosed. Dave Gwaltney, president of Gwaltney, will join Hub Northwest and report to...
NSM Insurance Acquires Florida-Based Heacock Classic
Mar 4 2016 // NSM Insurance Group, has acquired Heacock Classic, a division of Florida-based Heacock Insurance Group that provides collector car insurance. This marks NSM Insurance Group’s third acquisition in the collector car...
Marsh & McLennan Agency Acquires Celedinas Insurance Group in Florida
Mar 3 2016 // Ray Celedinas Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Celedinas Insurance Group, one of Florida’s largest independent agencies. Terms of the transaction were...
AssuredPartners Acquires MRW Group in New York
Mar 2 2016 // AssuredPartners Inc. announced Wednesday that it has acquired MRW Group Inc., an independent agency based in Hauppauge, New York. Terms of the transaction were not disclosed. MRW Group’s staff of 25 will continue to...
Hospitals Say Anthem-Cigna Merger Will Empower Blue Cross, Hurt Consumers
Mar 2 2016 // U.S. hospitals are stepping up their bid to stop Anthem Inc.’s takeover of rival health insurer Cigna Corp., saying the deal will increase the dominance of Blue Cross Blue Shield plans and potentially raise premiums...
Hub International Acquires Assets of Florida-Based Green-Hazel & Associates
Mar 2 2016 // Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Greene-Hazel & Associates, Inc., based in Jacksonville, Fla. Terms of the acquisition were not disclosed. Greene-Hazel specializes...
