Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Technology Firm Majesco Completes Acquisition of Consultant Agile
Feb 11 2015 // Insurance technology firm Majesco said it has completed the acquisition of the insurance business of Agile Technologies, a technology consulting firm with revenues of over $9 million. In December 2014, Majesco announced...
Catlin CEO Expects Number of Mergers Among Smaller Insurers to Increase
Feb 11 2015 // Stephen Catlin, who is selling his Lloyd’s of London insurer to XL Group plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace. “Anyone who has got a market value of less than...
Confie Seguros Acquires Texas-Based Baja Auto Insurance
Feb 10 2015 // Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, Calif., announced it has acquired Baja Auto Insurance, which provides auto insurance throughout Texas. Founded in 2006 with one...
A.M. Best: Drivers Behind London Market M&A Activity to Continue
Feb 10 2015 // The changing dynamics in the specialist property/casualty sector continue to encourage merger and acquisition activity in the London market. A new briefing from A.M. Best notes that the need for insurers to leverage...
Brown & Brown Acquires Liberty Insurance Brokers in Philadelphia
Feb 9 2015 // Brown & Brown Inc. announced that its subsidiary Brown & Brown of Pennsylvania LP has acquired certain assets of Liberty Insurance Brokers Inc. and its related affiliate companies in Philadelphia. Terms of the...
Smith Brothers Insurance Acquires McMahon Co. in Connecticut
Feb 9 2015 // Smith Brothers Insurance LLC, an independent insurance agency based in Glastonbury, Connecticut, has acquired the assets of the McMahon Company Inc., an independent agency in Rocky Hill, Connecticut. Terms of the...
Houston-Based Broker, J.H. Blades, Acquires Energy Rival Burke-Daniels
Feb 9 2015 // J.H. Blades & Co. Inc., an energy-focused managing general agent based in Houston, announced it has purchased wholesale broker Burke-Daniels Co. Inc., which also specializes in the oil and gas energy sector. Terms of...
Ambridge Partners Expands Reps & Warranty Coverage for SMEs
Feb 9 2015 // Ambridge Partners, a managing general underwriter based in New York City, has formed a new team to focus on underwriting small- to medium-sized transactions. The group will be led by Jack Sinchak, underwriting manager, who...
PartnerRe Appoints Haft as Head of Catastrophe
Feb 9 2015 // PartnerRe Ltd. announced that Greg Haft has been appointed head of catastrophe, subject to Bermuda immigration approval. Based in Bermuda, Haft is responsible for PartnerRe’s worldwide catastrophe reinsurance...
Use of Distracted Driver Fines for Driver’s Ed Funding in Ohio Proposed
Feb 6 2015 // The state of Ohio is proposing more fines for distracted driving, with the money going to help subsidize driver’s education courses for those who can’t afford them. The Columbus Dispatch reports that the Drive...
PartnerRe Reports Q4 Net Income of $262.7 Million; $998.2 Million for Year
Feb 5 2015 // PartnerRe Ltd. reported net income of $262.7 million, or $5.26 per share for the fourth quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $82.1 million, or $1.64 per share. Net...
Hub International Acquires San Antonio-Based Alexander Insurance Agency
Feb 4 2015 // Chicago-based Hub International Limited (Hub), has acquired Alexander Insurance Agency (Alexander), headquartered in San Antonio, Texas. Alexander is an independent brokerage with a focus on commercial lines insurance for...
United Insurance Holdings Completes Family Security Acquisition
Feb 4 2015 // United Insurance Holdings Corp., a Florida-based property and casualty insurance holding company, has closed its acquisition of Family Security Holdings LLC (FSH) and its subsidiaries, which have operations in Hawaii and...
Protector Holdings Acquires Peartree Insurance in California
Feb 4 2015 // Protector Holdings has acquired Brea, Calif.-based Peartree Insurance Services. Terms of the deal were not disclosed. Peartree specializes in providing insurance services to Hispanic consumers. Protector Holdings in 2013...
PartnerRe Stock Jumps on Report That SCOR, Alleghany Are Weighing Bids
Feb 4 2015 // PartnerRe Ltd. jumped in New York trading after “Insurance Insider” reported that the reinsurer, which agreed last month to merge with Axis Capital Holdings Ltd., might draw bids from rivals to break up the...
Eastern Insurance Group Acquires James J. Sullivan Agency in Mass.
Feb 3 2015 // Eastern Insurance Group in Natick, Massachusetts, has acquired James J. Sullivan Insurance Agency, an independent insurance agency based in Quincy, Massachusetts. Terms of the transaction were not disclosed. James J....
Spencer Capital Holdings to Acquire USA Risk Group in Vermont
Feb 3 2015 // Spencer Capital Holdings Ltd., the parent company of reinsurer Spencer Re, has agreed to acquire USA Risk Group, an independent captive insurance manager based in Barre, Vermont. Financial terms of the transaction were not...
Arthur J. Gallagher Acquires Aequus Trade Credit in New Jersey
Feb 2 2015 // Arthur J. Gallagher & Co. today announced the acquisition of Aequus Trade Credit LLC in Warren, New Jersey. Terms of the transaction were not disclosed. Established in 1997, Aequus Trade Credit is a specialist...
Pelissier Named Partner at Woodruff-Sawyer in California
Jan 30 2015 // Woodruff-Sawyer & Co. has named Jared Pelissier a partner and senior vice president in the Southern California office. Pelissier specializes in management liability and cyber liability risks for companies of all sizes...
4 CAA Agencies Expand Through M&As
Jan 30 2015 // Austin, Texas-based Combined Agents of America LLC (CAA) announced that member agencies have expanded their books of business and locations through mergers and acquisitions (M&A) over the last nine months. Together,...
