Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub International Acquires Canada-Based MGA Partners
Dec 4 2014 // Hub International Limited, a global insurance brokerage, announced that its subsidiary Hub Financial Inc. has acquired the shares of MGA Partners Inc., an Ontario Canada-based managing general agency. Terms of the...
Indiana Insurer Buys Naming Rights for Fairgrounds Arena
Dec 3 2014 // The renaming of the Indiana State Fairgrounds Coliseum will come along with a fat cat on the roof. Carmel-based Indiana Farmers Mutual Insurance Co. has signed a 10-year, $6 million naming rights deal for the arena that...
A.M. Best: Asia-Pacific M&As Driven by Top-Line Growth Prospects
Dec 3 2014 // The Asia-Pacific region has been a popular destination for mergers and acquisitions, driven by top-line growth prospects for many still-developing markets with low insurance penetration, according to a Best’s Special...
USI Acquires Holmes Murphy in Missouri
Dec 2 2014 // USI Insurance Services has acquired the Saint Louis, Mo. operation of Holmes Murphy. The business and its employees will join USI’s Saint Louis office. Terms of the deal were not disclosed. The acquired business was...
Regions Insurance Opens Florida Office with Acquisition of Teaberry Business
Dec 2 2014 // Regions Insurance, an affiliate of Regions Bank, has opened an office in St. Petersburg, Florida after agreeing to purchase the accounts of Teaberry Health and Welfare Benefits Practice. Financial terms of the agreement...
K&B Underwriters in Virginia Partners With Freedom Specialty
Dec 2 2014 // K&B Underwriters, a Reston, Virginia-based program administrator and wholesale insurance brokerage for senior living facilities, announced its partnership with New York-based Freedom Specialty for its DigniCARE...
Ohio and Indiana Joint Venture to Fly Drones to Aid Farmers
Dec 2 2014 // A joint venture between Ohio and Indiana is teaming up with an Ohio college to fly drone missions aimed at helping farmers boost crop yields. The Ohio/Indiana Unmanned Aircraft Systems Center in Springfield, Ohio, and Ohio...
UK’s Aviva Agrees to Acquire Friends Life for $8.8 Billion in Shares
Dec 2 2014 // Aviva plc, Britain’s second-largest insurer by market value, agreed to buy Friends Life Group Ltd. for about 5.6 billion pounds ($8.8 billion) in stock in the U.K. insurance industry’s biggest takeover in 15...
Schinnerer to Acquire SeaFire Insurance Services in Kansas
Dec 1 2014 // Victor O. Schinnerer & Co. on Monday announced an agreement to acquire SeaFire Insurance Services, a Kansas-based managing general underwriter focused on providing property/casualty solutions for the auto dealership...
Scottish American Acquires Southern States in Louisiana
Dec 1 2014 // Scottish American has completed the acquisition of Southern States General Agency in Ruston, La. Terms of the deal were not disclosed. “SSGA allows us to partner with people we enjoy working with, and the benefit of...
Spain’s Mapfre Seeking to Make Acquisitions in Europe and U.S.
Dec 1 2014 // Mapfre SA, the biggest insurer in Spain, is seeking to expand and may make acquisitions in Europe and the U.S., Chairman Antonio Huertas said. The company isn’t constrained by regulators’ efforts to stiffen...
Texas Agent Group Acquires LevelFirst, Forms IIAT Services MGA
Dec 1 2014 // The Independent Insurance Agents of Texas (IIAT) announced it is continuing its tradition of providing insurance markets for small independent agencies with the acquisition of Dallas-based managing general agency...
AmTrust Financial Services to Acquire CorePointe Insurance Co.
Nov 24 2014 // AmTrust Financial Services Inc. announced it has entered into a definitive agreement to acquire Birmingham, Mich.-based CorePointe Insurance Co. (CorePointe), a wholly owned subsidiary of CorePointe Group LLC. The cash...
Aquiline Capital Acquires Majority Stake in Beach & Associates in Toronto
Nov 24 2014 // Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has made an investment for a majority of the equity in Beach & Associates Ltd., an independent global reinsurance broker...
EPIC Acquires Atlanta Specialty Brokerage Greyling
Nov 24 2014 // EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage, has acquired Greyling Insurance Brokerage & Risk Consulting, Inc., a specialty insurance broker and risk management consultant...
RenaissanceRe to Acquire Platinum Underwriters in $1.9 Billion Deal
Nov 24 2014 // RenaissanceRe Holdings Ltd. and Platinum Underwriters Holdings Ltd. announced that the companies have entered into a definitive merger agreement under which RenaissanceRe will acquire Platinum. Under the terms of the...
Aviva in $8.76 Billion Deal to Buy Friends Life after Pensions Shake-up
Nov 21 2014 // British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for £5.6 billion [$8.76 billion], as British pension reform puts pressure on insurance companies to find new...
Minnesota’s North Risk Partners Merges with Thune Insurance Network
Nov 21 2014 // St. Paul, Minn.-based independent insurance brokerage, North Risk Partners, announced it has merged with Thune Insurance Network, located in Northwest Minnesota with offices in Thief River Falls, Roseau and Baudette. The...
Arthur J. Gallagher Acquires Iowa-Based Miller-Harrison Insurance Services
Nov 20 2014 // Arthur J. Gallagher & Co. announced it has acquired Miller-Harrison Insurance Services in Muscatine, Iowa. Terms of the transaction were not disclosed. Founded in 1919, Miller-Harrison is a retail insurance broker...
LeapFrog Buys Majority Stake in Kenya’s Resolution Insurance
Nov 20 2014 // LeapFrog Investments, the private equity firm with a focus on Africa and Asia, said it will pay 1.68 billion shillings ($18.6 million) to gain control of Kenya’s Resolution Insurance and tap growth in health...
