Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AssuredPartners Acquires Lee F. Murphy in Minnesota
Nov 11 2013 // AssuredPartners Inc. through its subsidiary AssuredPartners of Minnesota has acquired the Lee F. Murphy Inc. insurance firm based in St. Paul, Minn. As part of the acquisition, 50 Lee F. Murphy employees will join...
AXA Buys Stake in Insurance Business of Colombia’s Colpatria
Nov 11 2013 // Axa SA agreed to buy a controlling stake in Colombian insurer Colpatria Seguros for €259 million ($346 million) to expand its Latin American operations. The purchase of 51 percent of the business gives the Paris- based...
Arthur J. Gallagher Acquires Texas-Based Employee Benefits Analysis Corp.
Nov 11 2013 // Arthur J. Gallagher & Co. announced the acquisition of Employee Benefits Analysis Corp. in Addison, Texas. Terms of the transaction were not disclosed. Established in 1995, Employee Benefits Analysis Corp. (EBAC) is an...
Mass.-Based Eastern Insurance Group Acquires Westover Insurance Agency
Nov 7 2013 // Eastern Insurance Group, an independent insurance agency based in Natick, Mass., acquired Westover Insurance Agency in Lynnfield, Mass. Eastern Insurance said the acquisition increases its customer base north of Boston,...
Marsh & McLennan Agency Acquires Texas’ Elsey & Associates
Nov 6 2013 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Elsey & Associates, a $4.5 million revenue agency based in Spring, Texas. Terms of the transaction were...
Georgia-Based AutoTown Insurance Acquires Fling Insurance Agency
Nov 5 2013 // AutoTown Insurance, an independent agency based in Norcross, Georgia, announced its acquisition of Fling Insurance Agency in Lagrange, Georgia. AutoTown said the acquisition highlights the firm’s expansion plans...
Kansas-Based Chris-Leef General Agency Acquires H&W Insurance
Nov 5 2013 // Chris-Leef General Agency Inc., in Shawnee Mission, Kan., has acquired H&W Insurance Services Inc., also located in Shawnee Mission at 4210 Shawnee Mission Parkway. H&W specializes in offering insurance products...
Integro Canada Acquires Specialty Film Broker Multimedia Risk
Nov 5 2013 // Integro (Canada) Ltd. announced its acquisition of Winnipeg-based Multimedia Risk Inc., an insurance brokerage, which specializes in serving the national and international film and television production industry from...
Confie Head on McKinsey: M&As Indy Agents’ Salvation
Nov 4 2013 // It may not be quite as dire as a “merge or die” mindset, but the message from the head of Confie Seguros is that independent agents should take a hard look at the McKinsey report that claims local independent...
Confie Seguros Acquires Palm Springs, Fla.-Based City Insurance Agency
Nov 4 2013 // Confie Seguros, a national group of personal lines insurance brokers, announced its acquisition of Insurance Group of American Inc. (d/b/a City Insurance of Palm Springs, Fla.) City Insurance was established in 2003 and...
Confie Seguros Acquires DeFranco Insurance Agency in N.Y.
Nov 4 2013 // Confie Seguros, a national group of personal lines insurance brokers, announced its acquisition of DeFranco Insurance Agency Inc. in Niagara Falls, N.Y. DeFranco Insurance Agency specializes in the delivery and service of...
NSM Insurance Group Acquires California Broker ELM
Nov 4 2013 // NSM Insurance Group has acquired Executive Liability Managers Insurance Brokers in California. ELM is a 25-year-old professional liability wholesale insurance brokerage with three offices in California. The acquisition...
Travelers Completes Dominion of Canada Acquisition
Nov 4 2013 // The Travelers Companies, Inc. announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited. The combined organization, which will be referred to as...
South Africa’s MMI to Buy Alexander Forbes’ Insurance Business
Nov 4 2013 // MMI Holdings Ltd., South Africa’s third-largest insurer, agreed to pay 1.6 billion rand ($157 million) for Alexander Forbes Ltd.’s insurance business. MMI will fund the cash acquisition of Guardrisk from its...
AssuredPartners Acquires Eastern Insurance Agency in Pennsylvania
Nov 1 2013 // AssuredPartners Inc., through its subsidiary AssuredPartners of New Jersey, acquired Eastern Insurance Acquisition Agency (D/B/A Eastern Insurance Group) in Pennsylvania. Eastern Insurance Group specializes in commercial...
R-T Specialty to Buy Wholesale Broker Westrope
Nov 1 2013 // Chicago-based national wholesale insurance broker R-T Specialty said it has agreed to merge with another wholesale broker Westrope, based in Kansas City, Missouri. Westrope has a national presence with concentrations in...
Frost Insurance Acquires Kolkhorst Insurance Agency in Houston
Nov 1 2013 // Frost Insurance announced it has acquired Kolkhorst Insurance Agency, an independent Houston-based insurance agency that offers a full range of property and casualty, personal lines and surety products. The announcement...
Keystone Insurers Group: Nicoud Insurance Is First Illinois Franchise Partner
Oct 31 2013 // Keystone Insurers Group has welcomed Springfield-based Nicoud Insurance Services as its first franchise partner in Illinois. The announcement was made jointly by the agency’s owners, Jim Hillestad and Tim Nicoud, and...
Bolt Solutions Acquires Online Aggregator Superior Access (SAIS)
Oct 31 2013 // Bolt Solutions Inc., which provides property/casualty insurance online distribution and comparative rating platforms, has acquired Austin, Texas based Superior Access Insurance Services Inc. (SAIS), which it says is the...
Buffett Looking For Acquisitions as Berkshire’s $40B Cash Pile Deemed ‘Too Much’
Oct 31 2013 // Warren Buffett, who aims to have $20 billion in cash at his Berkshire Hathaway Inc., isn’t investing fast enough to keep money from piling up. Berkshire will post a $4.3 billion third-quarter profit, according to an...
