Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Progressive Insurance Acquiring Homeowners Group ASI for $875M
Dec 16 2014 // Auto insurance giant Progressive Insurance is enhancing its homeowners insurance offerings by acquiring controlling interest in a Florida-based group of insurers now selling homeowners, renters, condo, umbrella, flood and...
UPC Insurance to Acquire Family Security Holdings
Dec 16 2014 // United Insurance Holdings Corp. (UPC Insurance) said it plans to acquire Family Security Holdings LLC for $9 million. The transaction is expected to close by Jan. 31, 2015. FSH is an insurance holding company with two...
Arthur J. Gallagher Acquires O’Gorman & Young in New Jersey
Dec 15 2014 // Arthur J. Gallagher & Co. announced the acquisition of O’Gorman & Young Inc., headquartered in Chatham, New Jersey, including its affiliate G.R. Murray Insurance, in Princeton, New Jersey. Terms of the...
Evolving Regulation and Its Impact on Insurers’ M&A Strategies
Dec 15 2014 // It appears that the insurance industry is having an easier time emerging from the financial crisis than entering the new regulatory environment, particularly as it relates to nonorganic growth. With increasingly healthy...
NFP Acquires Foran Insurance in Massachusetts
Dec 12 2014 // National Financial Partners Corp. (NFP), a New York-based provider of benefits, insurance and wealth management services, has acquired EBS/Foran Insurance and Advisory Services Inc. (Foran Insurance) in Massachusetts....
Alliant Insurance Services Acquires The Camps Group in New York
Dec 12 2014 // Alliant Insurance Services, a specialty insurance brokerage firm based in Newport Beach, California, has acquired The Camps Group, an employee benefits services provider in New York. Terms of the transaction were not...
AssuredPartners Acquires First Palmetto Insurance in South Carolina
Dec 11 2014 // AssuredPartners Inc., through its subsidiary Assured Neace Lukens, has acquired First Palmetto Insurance Agency in South Carolina. Terms of the transaction were not disclosed. First Palmetto Insurance Agency offers...
Willis Completes Acquisition of IFG Ireland for Human Capital & Benefits
Dec 11 2014 // Willis Ireland, part of Willis Group Holdings plc, announced it has received the relevant regulatory approvals and has completed its acquisition of a range of Irish pension and financial advisory businesses from IFG Group...
Travelers to Buy Majority Stake in Colombian Insurance Startup
Dec 11 2014 // Travelers Cos., the lone property- casualty insurer in the Dow Jones Industrial Average, agreed with a partner to buy a majority stake in a startup surety provider based in Colombia. The joint venture with Brazil’s...
