Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Heffernan Acquires Pilot Employee Benefits in New York
Oct 21 2014 // Heffernan Insurance Brokers announced it has purchased the assets of Pilot Employee Benefits of Melville, New York. Family owned and operated for over 50 years, Pilot Employee Benefits has developed benefits programs and...
EEOC Investigating Mandatory Retirement Age for Law Firm Partners
Oct 21 2014 // The Equal Employment Opportunity Commission is investigating whether mandatory retirement provisions at Deloitte LLP violate federal employment law. The American Institute of Certified Public Accountants, the trade...
Wells Fargo, Telemundo Partner on Financial Literacy Campaign for Hispanics
Oct 21 2014 // Wells Fargo of San Francisco has partnered with Miami-based media giant Telemundo for a six-week media campaign targeting financial literacy within the Hispanic community. Launched Oct. 13, “Conversemos de Tus...
LSU Flagship Campus Authorized to Buy Its Own Insurance
Oct 20 2014 // Lawmakers have given Louisiana State University (LSU) the authority to leave the state-run insurance program and buy its own coverage in a first-of-its-kind arrangement for a Louisiana public college. University System...
Marsh to Acquire Flood Insurance Technology Firm Torrent
Oct 20 2014 // Insurance broker Marsh has agreed to acquire Torrent Technologies Inc., which serves Write Your Own (WYO) insurers participating in the National Flood Insurance Program (NFIP). Torrent’s approximately 100 employees...
Brokers Willis Group, Miller Talk Merger of Wholesale Brands
Oct 20 2014 // Willis Group Holdings and Miller Insurance Services LLP are engaged in talks to merge their wholesale insurance businesses. The resulting wholesale brokerage firm would trade under the Miller brand, governed and regulated...
China’s Anbang Insurance to Acquire Waldorf Astoria for $1.95B
Oct 20 2014 // Hilton Worldwide is selling the Waldorf Astoria New York to Chinese insurance company Anbang Insurance Group Co. for $1.95 billion. Hilton will continue to manage the storied hotel for the next 100 years as part of an...
Global Indemnity to Acquire American Reliable from Assurant Specialty
Oct 17 2014 // Assurant Specialty Property, a business segment of Assurant Inc., has agreed to sell its general agency business and associated insurance carrier, American Reliable Insurance Co., to Global Indemnity Group Inc., the U.S....
Lawley Insurance Acquires S. Turtletaub & Sons in New Jersey
Oct 15 2014 // Lawley Insurance, an independent agency based in Buffalo, New York, has acquired S. Turtletaub & Sons Inc., an agency in Bayonne, New Jersey. Terms of the transaction were not disclosed. The transaction is part of...
Insurer Group Honors 3 Tennessee Lawmakers for Litigation Funding Law
Oct 15 2014 // The National Association of Mutual Insurance Companies presented its State Legislator of the Year Award to three Tennessee state legislators. Reps. Curtis Johnson and Charles Sargent and Sen. Jack Johnson were recognized...
USI Insurance Services Acquires Wallace/Scott in Alaska
Oct 14 2014 // Valhalla, N.Y.-based USI Insurance Services announced the closing on the acquisition of Wallace Insurance Inc./Scott Insurance Services headquartered in Anchorage, Alaska. The employee benefits practice and all of its...
Arthur J. Gallagher Acquires Illinois’ Bennett & Shade Co.
Oct 14 2014 // Arthur J. Gallagher & Co. has acquired retail insurance broker Bennett & Shade Co. in Decatur, Ill. Terms of the transaction were not disclosed. Founded in 1906, Bennett & Shade provides commercial...
Texas Leads U.S. in Road Fatalities, Needs Transportation Funding
Oct 14 2014 // Gus Pando lost his mother last year in a crash at an intersection where a county road crossed four lanes of vehicles barreling by at 75 miles an hour. At the same Odessa, Texas, junction in August, a family friend was...
White Mountains Buys Majority Stake in Internet Insurance Broker Tranzact
Oct 14 2014 // White Mountains Insurance Group Ltd. purchased a majority stake in Tranzact for $178 million as the insurer renews its bet on policy sales through the Internet. White Mountains acquired 63 percent of Tranzact, which...
RBC Facing $76 Million in Shareholder Claim Over Merger
Oct 14 2014 // A Delaware judge said Royal Bank of Canada must pay $75.8 million in damages to former shareholders of Rural/Metro because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance...
Aquiline Capital Partners Investing in Louisiana’s Worley Claims Services
Oct 10 2014 // Aquiline Capital Partners LLC (Aquiline), a New York-based private equity firm, announced it is acquiring a majority stake in Worley Claims Services (Worley), headquartered in Hammond, La. Founded in 1976, Worley provides...
First Commonwealth Acquires Thompson/McLay in Pennsylvania
Oct 10 2014 // First Commonwealth Insurance Agency, an Indiana, Pennsylvania-based insurance agency and a subsidiary of First Commonwealth Financial Corp., acquired Thompson/McLay Insurance Associates, an agency also based in Indiana,...
Hamilton Insurance Buys 2 TIG Insurance Units
Oct 10 2014 // Hamilton Insurance Group Ltd., the reinsurer that counts Sanford “Sandy” Weill as non-executive chairman, acquired two units from Prem Watsa’s Fairfax Financial Holdings Ltd. as part of a push into...
Fosun to Buy 51% Stake in Espirito Santo
Oct 10 2014 // Rioforte Investments SA will sell a 51 percent stake in Espirito Santo Saude SGPS SA to Fosun Group’s Fidelidade unit after that bidder raised its offer price for the Portuguese hospital operator. Rioforte said it...
Confie Seguros Acquires North Texas Auto Insurance Agency
Oct 9 2014 // Confie Seguros, a national provider of personal lines insurance, announced it has acquired the assets of Carallo Insurance Group Inc., an auto insurance agency in Garland, Texas. Huntington Beach, Calif.-based Confie has...
