Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
BP Gross Negligence Ruling a Warning to Big Oil and Partners
Sep 5 2014 // A U.S. judge’s watershed ruling means the final cost to BP Plc for the 2010 Gulf oil spill may eclipse $50 billion, wiping out years of profits and highlighting the risks of drilling as the industry pushes into more...
Hub International Acquires Canadian Commercial Line Book of Business
Sep 5 2014 // Hub International Limited announced that its Ontario subsidiary, Hub International Sinclair Cockburn Limited, has acquired a commercial line book of business from independent broker Lisa Cook. Terms of the acquisition were...
California San Andreas Quake Experiment Could Lose Funding
Sep 5 2014 // Scientists seeking to put seismic sensors deep in the San Andreas fault to study the mechanics of earthquakes are in danger of losing their funding, a newspaper reported. The National Science Foundation has said it is no...
Church Funding Emergency Alert System for West, Texas
Sep 4 2014 // A church in the small Texas city devastated by a fertilizer plant explosion is funding an emergency alert system for the town’s residents. The system will allow West officials to deliver an automated phone message to...
Marsh Canada Acquires Montreal-based Kocisko Insurance Brokers
Sep 4 2014 // Marsh Canada announced the acquisition of Kocisko Insurance Brokers Inc., a full-service commercial insurance brokerage based in Montreal, Quebec. Terms of the transaction were not disclosed. “Kocisko focuses on...
Aon Sells eSolutions Unit to Symphony Technology Group
Sep 3 2014 // Aon Risk Solutions, the global risk management business of Aon plc, announced it has sold Aon eSolutions, Inc., its risk management information systems business unit, to an affiliate of Palo Alto-based Symphony Technology...
Propel Acquires Assurety Northwest
Sep 3 2014 // Pacific Northwest-based agency Propel Insurance has acquired Assurety Northwest. Assurety principals Jeff Bieker and Bryan Ludwick will join Propel as partners in Propel’s newly expanded space in downtown Portland,...
Principal Acquires Travelers’ Stake in NYC Office Tower for $117.6M
Sep 3 2014 // An affiliate of Principal Financial Group Inc. bought a 49 percent stake in 77 Water St., a lower Manhattan office tower in New York City, from fellow insurer Travelers Cos. for $117.6 million. The interest in the 26-story...
Kaufman Financial Group Acquires Marine & Energy Broker Oval International
Sep 3 2014 // The H.W. Kaufman Financial Group has announced the “purchase of London-based Oval International, a Lloyd’s broker that is globally recognized for placing complex marine and energy risks.” Kaufman...
JLT Group Expands U.S. Specialty Reach, Merges JLT Specialty, Lloyd & Partners
Sep 2 2014 // Jardine Lloyd Thompson Group plc (JLT) a global providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, has expanded its U.S. specialty capabilities and merged JLT...
Arthur J. Gallagher Risk Management Acquires Dezelan Insurance Agency
Sep 2 2014 // Arthur J. Gallagher Risk Management Services Inc. has acquired Dezelan Insurance Agency located in Indianapolis, Ind. Founded in 1927, Dezelan Insurance Agency (Dezelan) is a retail insurance broker providing...
CGSC CEO Esser Targets Acquisitions, Cost Reductions to Reestablish Growth
Sep 2 2014 // Cooper Gay Swett & Crawford (CGSC), the global reinsurance, wholesale and specialty broker, has announced plans to streamline costs and generate operational efficiencies following the filing of the group’s 2013...
Munich Re Joins Broker Steadfast to Acquire Australia’s Calliden Insurance Operations
Aug 28 2014 // Munich Re’s primary insurance subsidiary Great Lakes Australia (GLA) has reached an agreement to support Australia’s largest broker network, Steadfast Group in their proposed acquisition of Calliden Group...
South Carolina’s Companion P&C to Be Acquired by Enstar Group
Aug 27 2014 // Enstar Group Limited in Bermuda said Tuesday it has entered into a definitive agreement to acquire Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. The total...
German Insurers Weigh Funding to Plug Merkel Infrastructure Gap
Aug 27 2014 // Germany’s insurers said they may back a government call to invest in infrastructure to help cover an annual €7 billion ($9.23 billion) taxpayer shortfall to repair roads and bridges. The GDV, the Berlin-based group...
N.Y.’s Long Island Areas to Get $16M in Flood-Buffer Funding
Aug 26 2014 // Several areas on Long Island in New York State will get about $16 million in federal funding to buy storm-damaged properties and turn them into flood buffers. Newsday says the funding includes $9.9 million for Amagansett,...
NFP Acquires Cincinnati, Ohio-Based Benefit Resources
Aug 22 2014 // National Financial Partners Corp. (NFP), a provider of benefits, property/casualty and life insurance, and wealth management services, announced it has acquired Benefit Resources Inc., a Cincinnati-based insurance...
Allied World to Acquire RSA’s Hong Kong, Singapore Operations
Aug 22 2014 // Allied World Assurance Company Holdings, AG announced that one of its operating units, Allied World Assurance Company, Ltd. has reached definitive agreements to acquire the Hong Kong and Singapore operations of Royal &...
A.P. Michaud Acquires Nancy Greenwood Agency in Massachusetts
Aug 20 2014 // A.P. Michaud Insurance Agency Inc., an independent insurance agency in Methuen, Massachusetts, announced the acquisition of Nancy Greenwood Insurance Agency, also based in Methuen. Terms of the transaction were not...
NFP Acquires 2 Agencies in New England
Aug 19 2014 // National Financial Partners Corp. (NFP) announced the acquisitions of two independent insurance agencies in New England: Poulos Insurance Inc. and Altus Specialty Group LLC. Terms were not disclosed. NFP said the...
