Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Incoming, Outgoing Travelers CEOs See Smooth Transition, Talk M&A
Aug 7 2015 // Departing Travelers Insurance CEO Jay Fishman and his designated successor, Alan Schnitzer, insist that that the change won’t be wrenching, and that the property/casualty insurance giant will experience a smooth...
Gallagher Plans to Buy Controlling Stake in Colombian Broker Guianza
Aug 7 2015 // Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has signed an agreement to acquire a controlling stake in Colombian retail insurance broker Guianza S.A. Corredores de Seguros,...
Union Insurance Group Acquires The McLaughlin Co. in Maryland
Aug 6 2015 // Union Insurance Group, a Chicago-based commercial insurance agency specializing in property/casualty and professional liability products for labor organizations, announced that it has acquired The McLaughlin Company, an...
Hub International Acquires Colorado Nonprofit Insurance Agency
Aug 6 2015 // Hub International Limited has acquired Colorado Nonprofit Insurance Agency. Terms of the deal were not disclosed. CNIA is a wholly owned subsidiary of the Colorado Nonprofit Association that offers property/casualty and...
Private Equity Firm Odyssey Buys Broker Integro
Aug 5 2015 // New York and Los Angeles private equity firm Odyssey Investment Partners, LLC has agreed to acquire Integro Ltd., a specialty insurance brokerage and risk management firm. Financial details of the investment were not...
AIG Focuses on Integrating Japan Businesses, Rather Than Additional M&As
Aug 5 2015 // American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan. The timetable for merging AIU with Fuji Fire & Marine...
Best Downgrades PartnerRe and Subs Ratings; Remains under Review
Aug 5 2015 // A.M. Best announced that it has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “a+” from “aa-”...
UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study
Aug 5 2015 // Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the size of the total non-life insurance broking market in the UK in 2014, up marginally from £4.55...
Willis Appoints Norris Managing Partner in Alabama
Aug 5 2015 // Willis North America has appointed Ben Norris as managing partner, Willis of Alabama, effective immediately. In this role, he will be responsible for Willis’s operations across its offices in Birmingham, Huntsville,...
Regions Insurance Acquires Georgia-Based The A.I. Group
Aug 5 2015 // Regions Insurance, Inc., a subsidiary of Regions Insurance Group, Inc. and an affiliate of Regions Bank, has acquired The A.I. Group, Inc., with offices in Greater Atlanta and Athens, Georgia. The A.I. Group provides...
Risk Innovations Acquires Columbia Commercial General Agency
Aug 4 2015 // Atlanta, Ga.-based Risk Innovations LLC has acquired Columbia Commercial General Agency (CCGA), headquartered in Columbia, Mo. The deal was effective Aug. 1, 2015. The acquired business will continue to operate in Columbia...
Hub International Acquires BW Insurance Agency
Aug 4 2015 // Hub International Limited (Hub), a global insurance brokerage based in Chicago, has acquired BW Insurance Agency Inc. (BWIA) a wholly-owned subsidiary of Bank of the West. BWIA is a multi-line property and casualty,...
Texas Professional Insurance Agents Partners with EFG Cos.
Aug 4 2015 // With the aim of helping member agents boost their revenues, Texas Professional Insurance Agents (PIA) is partnering with EFG Cos. to offer ancillary consumer protection products. Texas PIA selected the Simplicity Division...
XL Group Posts Q2, 1st HY Earnings; Boosted by Catlin Acquisition
Aug 4 2015 // XL Group’s second quarter report showed a net decrease in operating income to $245.8, compared to $279.6 million in Q2 2014. For the first half of 2015 XL reported operating earnings of $440 million, down from $518...
Arthur J. Gallagher Completes Acquisition of William Gallagher in Boston
Aug 3 2015 // Arthur J. Gallagher & Co. announced today that it has completed its previously disclosed acquisition of William Gallagher Associates Insurance Brokers Inc. in Boston. Arthur J. Gallagher & Co. previously...
NFP Acquires BWD Group in New York
Aug 3 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today its acquisition of BWD Group LLC in Plainview, New York. Terms of the...
Marsh & McLennan Agency Acquires Cline Wood in Kansas City
Aug 3 2015 // Marsh & McLennan Agency LLC (MMA) has acquired Cline Wood Agency, a suburban Kansas City-based independent specialty insurance agency. Terms of the transaction were not disclosed. Founded in 1984, Cline Wood...
Confie Acquires Schunke Insurance Agency, Reynolds & Reynolds in New York
Aug 3 2015 // Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, announced its acquisition of Schunke Insurance Agency Inc. in West Seneca, New York, and Reynolds & Reynolds Agency...
AmWINS Group Acquires The III Group in Pennsylvania
Aug 3 2015 // Wholesale broker AmWINS Group Inc. announced today its acquisition of The III Group, a managing general agent and wholesale broker based in Glenside, Pennsylvania. Terms of the transaction were not disclosed. Founded in...
OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market
Aug 3 2015 // OneBeacon Insurance Group is exiting the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – Climate Crop Insurance Agency...
