Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub International Acquires Florida’s Smith Watson Parker Insurance
Jan 5 2015 // Global insurance broker Hub International Limited said it has acquired the assets of Smith Watson Parker Insurance, a Hollywood, Florida-based independent insurance brokerage. Terms of the acquisition were not...
Brown & Brown Sells Reinsurance Broker Axiom Re to Beach Re
Jan 1 2015 // Brown & Brown Inc. sold certain assets of one of its subsidiaries, Axiom Re, to Beach Re Limited effective December 31, 2014. Axiom Re is a reinsurance brokerage operation based in North Carolina with approximate...
China’s Fosun to Buy Meadowbrook Insurance for $433M
Dec 31 2014 // China investment group Fosun International Limited has agreed to acquire Meadowbrook Insurance Group Inc. of Southfield, Michigan for approximately $433 million, or $8.65 per share in cash. Fosun said that the acquisition...
Brown & Brown Acquires Assets of Global Benefit Strategies in N.J.
Dec 29 2014 // Brown & Brown Inc. announced that its New Jersey-based subsidiary Brown & Brown Metro Inc. has acquired certain assets of Global Benefit Strategies in Morristown, New Jersey. Terms of the transaction were not...
Armour Group Completes OneBeacon Run-off Acquisition
Dec 24 2014 // Armour Group Completes OneBeacon Run-off Acquisition The Bermuda-based Armour Group Holdings Limited announced the completion of the acquisition of the OneBeacon Run-off. “The transaction includes the acquisition of...
Hub International Acquires Iowa-Based Brokerage, Ruhl & Ruhl
Dec 23 2014 // Global insurance broker, Hub International Limited (Hub), announced that its Chicago-area region Hub International Midwest (Hub Midwest) has acquired the assets of Ruhl & Ruhl Insurance, based in Davenport, Iowa. Terms...
AssuredPartners Acquires Sheehan Insurance in Virginia
Dec 23 2014 // AssuredPartners Inc. has acquired the business and assets of Sheehan Insurance Group. Terms of the transaction were not disclosed. As part of the acquisition 22 employees will join AssuredPartners. Sheehan Insurance Group...
V3 Partners Adds Berkshire’s National Liability to Online Workers’ Comp Program
Dec 22 2014 // V3 Insurance Partners LLC has enhanced its workers’ compensation program, adding National Liability & Fire Insurance Co., a Berkshire Hathaway Group company, as a new market. Now available in additional states...
LeapFrog, Lombard to Acquire Stakes in Thai Insurer SMK from RSA
Dec 19 2014 // LeapFrog Investments, Lombard Investments, and Syn Mun Kong Insurance Public Company Limited (SMK) [SMK:Bangkok] announced today that LeapFrog and Lombard will each acquire approximately 11 percent of SMK, from Royal &...
Donald Gaddis Co. Acquires Chicago-Based Kelly and Elliott
Dec 19 2014 // Wholesale insurance broker and general agency, Donald Gaddis Co. Inc., has purchased rights to all the renewals of Kelly and Elliott Ltd. Both companies are headquartered in Chicago. Gaddis also hired all of Kelly and...
Arthur J. Gallagher Acquires Affinity Marketing Group in Massachusetts
Dec 18 2014 // Arthur J. Gallagher & Co. announced the acquisition of Affinity Marketing Group LLC in Natick, Massachusetts. Terms of the transaction were not disclosed. Established in 2001, Affinity Marketing Group (AMG) is a...
Integro Acquires Ventura Insurance Brokerage in New York
Dec 18 2014 // Insurance brokerage and risk management firm Integro announced its acquisition of Ventura Insurance Brokerage in New York City. Financial details of the transaction were not disclosed. Ventura Insurance Brokerage is an...
Iowa’s Farmers Mutual Hail Insurance to Acquire John Deere Crop Insurance
Dec 18 2014 // Farmers Mutual Hail Insurance Co. of Iowa (FMH) announced it is acquiring Moline, Ill.-based John Deere Insurance Co. and John Deere Risk Protection Inc. The action is a result of Deere’s previously announced review...
ACE to Buy Fireman’s Fund Personal Lines; Famous Brand Fading Away
Dec 18 2014 // Allianz Group has agreed to sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement. The merger of the personal lines business with ACE and the...
Arthur J. Gallagher Acquires Independent Benefit Services in Maryland
Dec 17 2014 // Arthur J. Gallagher & Co. today announced the acquisition of Independent Benefit Services Inc. (iBEN) located in Rockville, Maryland. Terms of the transaction were not disclosed. Founded in 1989, iBEN provides...
Integro Acquires UK’s Howard Global Insurance Services
Dec 17 2014 // International insurance broker and risk management firm Integro announced its acquisition of Howard Global Insurance Services Ltd., a Lloyd’s-registered specialty broker headquartered in London. Financial details of...
Catlin Says XL Group Made $3.9 Billion Takeover Bid; Talks Are Ongoing
Dec 17 2014 // Catlin Group Ltd. said it received a takeover approach from Ireland’s XL Group plc valued at about 2.5 billion pounds ($3.9 billion). The shares surged the most on record. Under the terms, XL would buy Catlin for 410...
OneBeacon Sells Lawyers Professional Liability Business to Argo
Dec 17 2014 // OneBeacon Insurance Group Ltd. has sold the renewal rights to its lawyers professional liability business to Argo Group US, Inc., a member of Argo Group International Holdings Ltd. The transaction includes renewal rights...
USI Acquires Program Business From Askin, Weber & Reed in N.J.
Dec 16 2014 // USI Insurance Services in Valhalla, New York, announced its acquisition of an insurance program business from Askin, Weber & Reed (AWR) in Freehold, New Jersey. Terms of the transaction, which has been completed, were...
California’s Quake Warning System Gets Funding
Dec 16 2014 // California received funding to help begin an earthquake warning system across the state next year that would provide enough time for trains to brake, utilities to shut off gas lines and people to dive under a table until...
