Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Equity Risk Partners Names Four Executives in California
Dec 9 2013 // Equity Risk Partners named four insurance industry executives to its team in California, while also establishing the firm’s physical presence in Southern California. Equity’s new executive hires are Doug...
Imperial Management Corp. Completes National Automotive Insurance Co. Acquisition
Dec 4 2013 // Louisiana-based, Imperial Management Corp. (IMC), and Southport Lane LP announced that IMC has obtained all required regulatory approvals and closed its previously announced acquisition of National Automotive Insurance Co....
JLT Towner Acquires Charter Risk Management Services in Connecticut
Dec 3 2013 // JLT Towner Insurance Management (USA), LLC, announced its acquisition of Charter Risk Management Services, LLC, a Connecticut captive management company. Terms of the transaction were not disclosed. Under the transaction,...
USI Insurance Acquires Van Gilder in Colorado
Dec 3 2013 // Valhalla, N.Y.-based USI Insurance Services has entered into an agreement to acquire Van Gilder Insurance Corp. in Denver, Colo. This deal is expected to close on Dec. 10. Terms were not disclosed. Van Gilder is a...
TWFG Acquires Ward Business Insurance
Dec 3 2013 // The Woodlands, Texas-based TWFG has acquired Ward Business Insurance, located in the Kingwood/Humble, Texas area. TWFG’s proprietary agency systems will be installed into Ward Business and the company will merge into...
IBTX Risk Services, Insphere Global Partners and HR Benefits to Merge
Dec 3 2013 // IBTX Risk Services, Insphere Global Partners and HR Benefits (formerly member companies of Independent Insurance Group), all based in Texas, have agreed to merge. The merger will create a combined organization poised to...
Marsh & McLennan Agency Acquires Michigan’s Cambridge Property & Casualty
Dec 3 2013 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Cambridge Property & Casualty, based in based in Livonia, Mich., Founded in 1974, Cambridge provides...
AmWINS to Acquire Bliss & Glennon in California from Fortegra
Dec 3 2013 // AmWINS Group Inc. has reached a definitive agreement with Fortegra Financial Corp. to acquire Bliss & Glennon, an excess and surplus lines wholesale insurance broker and managing general agency in California, and...
AmWINS to Acquire Bliss & Glennon and eReinsure from Fortegra
Dec 3 2013 // North Carolina-based insurance wholesaler AmWINS Group Inc. has agreed to a deal with Fortegra Financial Corp. to acquire both Bliss & Glennon, an excess and surplus lines wholesale insurance broker and managing...
R-T Specialty Completes Merger with Wholesale Broker Westrope
Dec 2 2013 // Chicago-based national wholesale insurance broker R-T Specialty said it has completed its merger with another wholesale broker Westrope, based in Kansas City, Missouri. The deal was first announced Nov. 1. Terms were not...
Funding Approved for $50M Waterfront Flood-Mitigation Project in NYC
Dec 2 2013 // The federal government has approved funding to start a $50 million flood-mitigation project along the Queens waterfront to better protect Howard Beach against rising sea levels and storm surges similar to those that caused...
Applied Systems Acquired by Hellman & Friedman from Bain Capital for $1.8B
Nov 26 2013 // Applied Systems Inc., a leading insurance software provider, said it has agreed to be acquired by investment funds advised by private equity firm Hellman & Friedman LLC. The company is being acquired from the global...
XL Group, America Contractor’s Insurance Group Partner to Improve Contractor Quality
Nov 20 2013 // XL Group has partnered with the American Contractor’s Insurance Group (ACIG), construction industry owned insurance organization, to provide data and analytics for construction clients. The goal is to drive...
New York to Buy Homes in Staten Island Neighborhood Hit by Sandy
Nov 19 2013 // Residents of a flood-prone area battered by Superstorm Sandy are getting a financial lifeline, with New York state officials announcing a plan to buy all 129 homes in a New York City neighborhood sandwiched between a tidal...
Swiss Re to Buy Stake in Brazil’s Sul America
Nov 18 2013 // Swiss Re Ltd., the world’s second- largest reinsurer, agreed to buy an 11 percent stake in Sul America SA from ING Groep NV to expand in Brazil. The reinsurer will also purchase a 3.8 percent holding in Rio de...
Dubuque, Iowa Looks at Funding for Flood Prevention
Nov 18 2013 // Dubuque, Iowa, is considering whether to apply for nearly $100 million in state tax incentives for a huge flood-mitigation project that could be completed over the next two decades. The Dubuque City Council will meet today...
Risk Partners Names Regional Business Development Manager in N.Y.
Nov 15 2013 // Medford, N.J.-based Risk Partners Inc. appointed industry veteran David Bierschied in New York State as regional business development manager. Bierschied will establish Risk Partners’ first New York State office in...
Fairholme Offers to Buy Fannie Mae, Freddie Mac Mortgage Insurance Business
Nov 14 2013 // Fairholme Capital Management has proposed to buy the insurance businesses of Fannie Mae and Freddie Mac, a move that seeks to resolve the uncertain future of the mortgage financiers by freeing them from U.S. government...
Liberty Mutual to Enter Mexico with Acquisition of Surety Company
Nov 13 2013 // Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private investor group. The company said the acquisition will enable Liberty Mutual Surety, a...
AssuredPartners of Missouri Acquires AHM Financial Group
Nov 12 2013 // AssuredPartners of Missouri, an AssuredPartners Inc. platform operation, has completed the asset acquisition of the AHM Financial Group LLC insurance business. The St. Louis, Mo.-based agency offers commercial, personal...
