Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Engle Martin Acquires Florida’s Totura & Co. Claims Firm
Mar 20 2014 // Atlanta-based independent claims adjusting firm Engle Martin & Associates Inc. has acquired Totura & Co., a regional claims adjusting firm based in Fort Lauderdale, Florida. Terms were not disclosed. John Quinn,...
Arthur J. Gallagher Acquires L&R Benefits in Connecticut
Mar 19 2014 // Arthur J. Gallagher & Co. announced its acquisition of L&R Benefits, LLC of Windsor, Connecticut. Terms of the transaction were not disclosed. L&R Benefits provides employee benefit consultation, management...
ING to End Majority Stake in U.S. Business in $1.2 Billion Sale
Mar 19 2014 // ING Groep NV, the biggest Dutch financial-services company, will end its majority stake in its U.S. insurance unit with another share sale as it winds down ownership of the business. The parent plans to sell 26.5 million...
Shareholders Sue in 94% of M&As; 75% Settle Before Closing: Cornerstone Research
Mar 18 2014 // Shareholders challenged more than 94 percent of U.S. merger and acquisition (M&A) deals valued over $100 million in 2013, according to a new M&A report by Cornerstone Research. Deals worth $100 million or more...
Allianz to Acquire P&C Business, Distribution Capacity from Italy’s UnipolSai
Mar 18 2014 // Allianz announced that it has agreed to acquire a part of the Property and Casualty insurance business of the Italian insurer UnipolSai with premiums of €1.1 billion [$1.53 billion] (2013). “The business includes...
Silicon Valley Billionaire Buys Record $201M Life Policy
Mar 17 2014 // An unnamed Silicon Valley billionaire has purchased the world’s most valuable life insurance policy, worth $201 million. The man who cobbled the deal together said that it took seven months and 19 insurance companies...
Aon Acquires UK’s Lorica Employee Benefits
Mar 17 2014 // Aon announced that it has agreed to acquire, subject to regulatory confirmation, Lorica Employee Benefits, one of the UK’s most experienced and well-respected consultancy groups. Lorica Employee Benefits is a...
Ohio State Partnering with Nationwide Insurance on Discounts, Internships
Mar 14 2014 // Ohio State University has announced a 10-year, $17.1 million sponsorship agreement with Nationwide Insurance. The university says the expanded partnership will provide discounts for faculty, staff, students and...
Brady Elected Sr. VP, Equity Partner at Brady, Chapman, Holland
Mar 13 2014 // Houston, Texas-based independent Insurance agency, Brady, Chapman, Holland & Associates Inc., announced the election of Timothy J. Brady to senior vice president and equity partner. Prior to joining BCH, Brady gained...
Agency M&A in 2013 Reverted to Norm After Busy 2012: OPTIS Partners
Mar 13 2014 // Mergers and acquisitions of insurance agencies fell in 2013, with 248 reported transactions in the United States and Canada, according to a new semi-annual survey by OPTIS Partners, an investment banking and financial...
XL, American Specialty Insurance & Risk Partner for Sports, Entertainment Programs
Mar 12 2014 // XL Group’s North America Programs business and American Specialty Insurance & Risk Services, Inc., have formed a joint underwriting agreement to offer insurance programs for sports and entertainment...
ACE Expands M&A Practice, Appoints North America Practice Leader
Mar 7 2014 // The ACE Group has expanded its Mergers and Acquisitions (M&A) Practice into a Private Equity Practice concentrating on insurance options for private equity firms, their portfolio companies as well as their M&A...
Florida Panel Advances Bill to Limit Nursing Home Partners’ Liability
Mar 7 2014 // Defendants who can be named in lawsuits against nursing homes in Florida would be limited under a bill that moved this week through the House Civil Justice Committee. Developers, silent partners and other parties that...
Hub International Acquires Illinois-Based Corporate Benefit Consultants
Mar 6 2014 // Global insurance brokerage, Hub International Limited (Hub), announced that its subsidiary Hub International Midwest (Hub Midwest) has acquired Corporate Benefit Consultants Inc. (CBC), a Des Plaines, Ill.-based employee...
AgentLink Acquires Indiana’s Consolidated Brokerage Services
Mar 6 2014 // Louisville, Ky.-based insurance broker AgentLink announced it has acquired 100 percent ownership of Consolidated Brokerage Services (CBS) in Indianapolis, Ind. Founded in August of 2005 and originally owned by John...
Vertafore, StoneRiver Partnership Aims to Make Selling Flood Insurance Easier
Mar 5 2014 // Insurance software firm Vertafore has formed a partnership with flood insurance policy processing firm StoneRiver National Flood Services (NFS) to provide independent agents a new way to quote and cross-sell flood...
Arthur J. Gallagher Acquires Tudor Risk Services in Massachusetts
Mar 5 2014 // Arthur J. Gallagher & Co. announced the acquisition of Tudor Risk Services, LLC located in Woburn, Mass. Terms of the transaction were not disclosed. Founded in 2009, Tudor Risk Services is a retail insurance broker...
Argo Re Forms Partnership with Horseshoe Group for ILS Market
Mar 4 2014 // The Bermuda-based Argo Group International Holdings announced that its Bermuda-based reinsurance company, Argo Re, Ltd., has entered into an agreement with Horseshoe Re Limited that will expand its reinsurance product...
Confie Seguros Acquires Ida Tunnell Insurance in Marble Falls, Texas
Mar 3 2014 // Confie Seguros, a national provider of personal lines insurance, announced it has acquired Ida Tunnell Insurance in Marble Falls, Texas, near Austin. Confie Seguros now has 120 total offices in the state. Founded in 1991,...
AssuredPartners Acquires Creech & Stafford in Kentucky
Feb 27 2014 // Lake Mary, Fla.-based AssuredPartners Inc., through its Neace Lukens platform, has completed the acquisition of Creech & Stafford Insurance Agency Inc. in Kentucky. The terms of the transaction were not...
