Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub International Acquires Fotek Insurance Agency in New Jersey
Nov 7 2014 // Hub International Limited announced that its subsidiary Hub International Northeast Limited has acquired the stock of Fotek Insurance Agency Inc., a New Jersey-based employee benefits brokerage. Terms of the acquisition...
CBIZ Acquires Weekes & Callaway in Florida
Nov 7 2014 // CBIZ Inc. in Cleveland, Ohio, has acquired Weekes & Callaway Inc. (W&C), an independent insurance agency based in Delray Beach, Florida, effective Nov. 1, 2014. Financial terms were not disclosed. Founded in...
Marsh & McLennan Acquires Nuwest Insurance Services in California
Nov 7 2014 // Marsh & McLennan Agency LLC has acquired NuWest Insurance Services Inc., an Irvine, Calif.-based property/casualty agency. NuWest generates roughly $2.4 million in revenue and specializes in providing P/C insurance...
Arthur J. Gallagher Acquires Discovery Benefit Solutions in California
Nov 6 2014 // Arthur J. Gallagher & Co. has acquired Discovery Benefit Solutions Inc. in San Diego, Calif. Terms of the deal were not disclosed. Discovery Benefit Solutions provides employee benefit consultation, management and...
AssuredPartners Acquires Premiere Coastal Insurance Group in South Carolina
Nov 6 2014 // AssuredPartners Inc., through its subsidiary Assured Neace Lukens, has acquired Premiere Coastal Insurance Group. No financial terms were disclosed. Premiere Coastal Insurance Group specializes in providing insurance...
EPIC Brings on Rusconi and Team with California Acquisition
Nov 5 2014 // Surety executive Sharon Rusconi and her team have joined Edgewood Partners Insurance Center in the Sacramento, Calif. office Rusconi’s book of business and other assets were purchased by EPIC from Lesron Insurance...
Old Mutual to Invest in African Acquisitions as Sales Slow
Nov 5 2014 // Old Mutual plc, Africa’s biggest insurer, has 4.3 billion rand ($386 million) for acquisitions on the continent, where growth rates higher than advanced countries may help boost sales after third-quarter growth...
EXL Acquires Underwriting Support Services Firm, Overland Solutions
Nov 4 2014 // Business process solutions company EXL has acquired Overland Solutions Inc., an Overland Park, Kan.-based provider of underwriting support services including premium audit, commercial and residential underwriting surveys...
Confie Seguros Acquires 2 New York, 1 California Brokers
Nov 4 2014 // Confie Seguros, a national provider of personal lines insurance, has acquired three insurance brokerages, two in New York’s Buffalo area and one in California. Confie Seguros acquired The Insurance Market Agency Inc....
Baldwin Named Partner at Tampa’s BKS-Partners
Nov 4 2014 // Baldwin Krystyn Sherman Partners (BKS-Partners) in Tampa, Florida, has appointed Trevor Baldwin to partner. He joins Lowry Baldwin, Laura Sherman and Elizabeth Krystyn as partners at the private independent insurance...
Wholesaler RT Specialty Acquires Tennessee Underwriters
Nov 4 2014 // Ryan Specialty Group’s wholesale brokerage, R-T Specialty, LLC (RT) has acquired the assets of excess and surplus broker, Tennessee Underwriters Inc. (TUI). A family-owned business, TUI was formed in 1980 in...
Hilb Group Acquires North Carolina’s Lake Norman Benefits
Nov 4 2014 // The Hilb Group, LLC said it has acquired Lake Norman Benefits of Charlotte, North Carolina. Terms were not disclosed on the transaction that closed on Nov. 1. LNB will continue to operate at its current location under...
Aon Benfield Buys Safe Brokers to Enhance Presence in Greece, Cyprus
Nov 4 2014 // Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has acquired Safe Brokers to strengthen its investment in the Greek and Cypriot markets. Safe Brokers is an independent reinsurance broker with...
Genstar Sells Significant Interest in Insurance Software Firm Insurity
Nov 4 2014 // Private equity firm Genstar Capital said it has sold a significant interest in Insurity, an insurance processing and data integration software business, to TA Associates, a Boston-based private equity firm. San Francisco...
USI Completes Acquisition of 7 Willis Retail Insurance Brokerage Locations
Nov 3 2014 // USI Insurance Services said it has completed its previously announced acquisition of seven retail insurance brokerage locations from Willis North America Inc., part of Willis Group Holdings. Under the agreement, USI...
Starkweather & Shepley Acquires Universal Insurance Agency in Rhode Island
Nov 3 2014 // Starkweather & Shepley Insurance Brokerage Inc. in East Providence, Rhode Island, has acquired Universal Insurance Agency of Smithfield, Rhode Island. Terms of the transaction were not disclosed. Under the...
LSU Flagship Campus Cleared to Buy Its Own Insurance
Nov 3 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...
Hub International to Acquire Chicago-Based Laurus Strategies
Oct 29 2014 // Insurance brokerage Hub International Limited (Hub) announced its Chicago-area affiliate Hub International Midwest (Hub Midwest) plans to acquire Laurus Strategies (Laurus) from CSIG Holding Co. Laurus is an employee...
Aon, in Partnership with Hiscox, Offers Ebola Liability Cover
Oct 28 2014 // Aon has launched an Ebola response product available to all health care institutions and features worldwide coverage on cases brought in the U.S. Negotiated in partnership with Hiscox, the product – called the Ebola...
Assurant to Buy French Mobile Device Insurance Broker CWI
Oct 28 2014 // Consumer electronic and household device insurer Assurant Inc. has made a binding offer to acquire CWI Group, a mobile insurance brokerage in France, for approximately €56 million ($71 million). The acquisition by...
