Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
United Insurance to Acquire Florida’s Sunshine State Insurance
May 16 2014 // United Insurance Holdings Corp. (UPC) has agreed to acquire 100 percent of Sunshine State Insurance Co. (SSIC), a Florida domiciled property/casualty insurance company. SSIC, based in Jacksonville, Fla., offers homeowners,...
Axiom RE Acquires Assets of Axia Strategies in Minnesota
May 14 2014 // Burlington, N.C.-based Axiom Re LP, an indirect subsidiary of Brown & Brown Inc., has acquired certain assets of Axia Strategies Inc. in Minnesota. Following the transaction, Axia’s principals and their team will...
Scottsdale, Virtue Risk Partners to Offer Commercial Package Product
May 14 2014 // Scottsdale Insurance Co. has partnered with Virtue Risk Partners, LLC to offer a commercial package product. Virtue Risk Partners will offer commercial package products, including commercial general liability,...
Brown & Brown Buys 2 Florida Agencies Targeting RV Market
May 13 2014 // Insurance agency Brown & Brown has acquired the assets of two agencies specializing in the recreational vehicle market. The businesses acquired are Agency Management Corp. (AMC) and its affiliate, Recreational...
Coverys to Acquire Nebraska’s Preferred Professional Insurance Co.
May 13 2014 // Medical Professional Mutual Insurance Co. (ProMutual), a Coverys member company, has plans to acquire Preferred Professional Insurance Co. (PPIC), located in Omaha, Neb. PPIC supports Catholic healthcare systems across the...
Motorists Mutual to Acquire Tennessee Company, Consumers Insurance USA
May 12 2014 // Ohio-based Motorists Mutual Insurance Co. has agreed to buy the stock of Consumers Insurance USA based in Murfreesboro, Tenn. Consumers Insurance will become a wholly owned subsidiary of Motorists Mutual under the...
Ohio’s Kinker-Eveleigh Insurance Acquired by Marsh & Mclennan Agency
May 9 2014 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC, has acquired Kinker-Eveleigh Insurance Agency, a $3.5 million revenue agency located in Cincinnati, Ohio. Terms of the transaction were not...
Arthur J. Gallagher Acquires Sunderland in California
May 9 2014 // Arthur J. Gallagher & Co. has acquired Sunderland Insurance Services Inc. in Walnut Creek, Calif. Terms of the deal were not disclosed. Sunderland is a managing general underwriter that provides excess and surplus...
Towne Insurance Acquires North Carolina’s Southern Insurance Agency
May 9 2014 // Towne Insurance, a subsidiary of Virginia based TowneBank, has acquired Southern Insurance Agency Inc. in Kitty Hawk, North Carolina. The deal continues Towne’s expansion in North Carolina. Southern Insurance will...
Trusted Choice Consumer Portal Funding Now Tops $50M
May 9 2014 // Project CAP, the organization formed to help local independent agents compete in the digital economy under the Trusted Choice brand, has raised $10 million from two additional carrier investors. The capital from the two...
XL Appoints Allen to Head New Financial Lines Team M&A Division
May 7 2014 // XL Group announced it has added a Mergers and Acquisitions (M&A) Insurance division to its Financial Lines business and appointed Tim Allen to head the business line as Sr. VP, Global Head of Mergers & Acquisitions...
Declaration Brokerage Acquires RBLA of PA
May 6 2014 // Declaration Brokerage, LLC, a Mahwah, N.J.-based insurance agency, has acquired the business of RBLA of PA, a Stroudsburg, Penn.-based agency that offers commercial and personal lines coverages. Declaration Brokerage was...
PartnerOne Environmental, ACE Westchester Launch New Energy Product
May 6 2014 // PartnerOne Environmental has partnered with ACE Westchester Environmental to offer PartnerOne Energy Select, a new packaged insurance product specifically for environmental energy contractors and consultants. PartnerOne...
XL Group’s Financial Lines Launches M&A Division, Allen to Lead
May 6 2014 // XL Group has added a mergers and acquisitions (M&A) insurance division to its Financial Lines business and appointed Tim Allen to head the business line. The signs for 2014 are that M&A activity is on the rise....
York Acquires Bickmore in California
May 5 2014 // Parsippany, N.J.-based York Risk Services Group Inc., a national provider of risk management, claims management, and managed care services, has acquired Sacramento, Calif.-based Bickmore. Bickmore is the operator of a risk...
Business Risk Partners Hires Brault as Broker Relations Director in Conn.
May 5 2014 // Business Risk Partners, a Windsor, Conn.-based managing general underwriter, has appointed Stephen L. Brault to the newly created position of director of broker relations.Stephen L. BraultIn his new role at Business Risk...
New Funding Allows Crackdown on Texting While Driving in North Dakota
May 5 2014 // Motorists routinely may see fellow drivers texting and driving, but police rarely do, making enforcement of North Dakota’s distracted driving law difficult to enforce, authorities say. “When a squad car is in...
Hub International Acquires Assets of E.J. Wells Insurance Agency in Mass.
May 5 2014 // Hub International Limited said its subsidiary Hub International New England, LLC has acquired the assets of E.J. Wells Insurance Agency Inc., a Westford, Mass.-based insurance brokerage firm. Terms of the acquisition were...
ABRY Partners Exploring Sale of York Risk Services
May 1 2014 // York Risk Services Group Inc., the insurance claims services provider owned by private-equity firm ABRY Partners LLC, is exploring a sale that may value the business at more than $1.5 billion, people with knowledge of the...
ACE Completes Majority Stake Acquisition of Thailand’s Siam Commercial Samaggi
Apr 30 2014 // ACE Limited announced that the company and its local partner have acquired a 60.9 percent stake in The Siam Commercial Samaggi Insurance PCL, a general insurance company in Thailand, from Siam Commercial Bank. Established...
