Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Confie Seguros Acquires AA Insurance, Parietti & McGuire in New York
Oct 8 2014 // Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, has acquired AA Insurance Services and Parietti & McGuire Insurance in New York. AA Insurance Services, founded in...
Risk Strategies Acquires Crow Friedman Group in Tennessee
Oct 8 2014 // Risk Strategies Co., an insurance brokerage in Boston which recently merged with New York-based broker DeWitt Stern, has acquired Crow Friedman Group, a professional liability brokerage in Memphis, Tennessee. Terms of the...
Hub International Acquires FieldEddy in Massachusetts
Oct 8 2014 // Chicago-based global insurance broker Hub International Limited has acquired the assets of FieldEddy, a property/casualty, personal lines and employee benefits brokerage with four locations in and around Springfield,...
AmTrust Buys Workers’ Compensation Unit from Florida Blue Cross
Oct 6 2014 // AmTrust Financial Services has closed its purchase of a workers’ compensation insurer—a subsidiary of Blue Cross & Blue Shield of Florida (Florida Blue)—right according to plan. AmTrust isn’t disclosing...
JLT to Acquire Part of California-based Alliant’s Energy Business
Oct 3 2014 // JLT Specialty Insurance Services Inc., the U.S. subsidiary of Jardine Lloyd Thompson Group plc, and Newport Beach, Calif.-based Alliant Insurance Services announced that JLT USA will be purchasing part of Alliant’s...
Validus Holdings Completes Acquisition of Western World
Oct 3 2014 // Bermuda-based Validus Holdings, Ltd. announced that it has completed its acquisition of Western World Insurance Group, Inc.; which it noted “is a specialty lines insurance company with a 50 year track record of...
NSM Insurance Group Acquires Texas-Based Specialty Aviation Underwriters
Oct 2 2014 // NSM Insurance Group announced the acquisition of Specialty Aviation Underwriters (SAU), located in Addison, Texas. Founded over 20 years ago, SAU specializes in aviation products. NSM Insurance Group underwrites more than...
Sedgwick Finalizes T&H, VeriClaim Acquisition
Oct 2 2014 // Memphis-based Sedgwick Claims Management Services Inc. said it has completed its purchase of T&H Global Holdings, LLC and its subsidiaries (T&H). Terms were not disclosed. The acquisition brings to Sedgwick the...
