Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Maine’s Cross Insurance Buys Portland Civic Center Naming Rights for $2.5M
Jun 19 2014 // Bangor, Maine-based Cross Insurance announced it has purchased the naming rights of the Cumberland County Civic Center in Portland, Maine. Cross Insurance, one of the largest independent insurance agencies in New England,...
Hamilton Insurance, Eyeing Acquisitions, Adds GCP Capital’s Deutsch
Jun 19 2014 // Hamilton Insurance Group Ltd., the reinsurer that counts Sanford “Sandy” Weill as its chairman, hired Bob Deutsch as chief strategy officer to lead an expansion that could include takeovers. Deutsch, a managing...
Marsh to Acquire Majority Stake in Panama Broker Semusa
Jun 18 2014 // Marsh announced that it has reached a definitive agreement to acquire a majority stake in Panamanian insurance broker and advisor Semusa, Marsh’s long-standing local correspondent broker. Terms of the transaction...
Allianz, Munich Re’s Ergo Said to be in Talks to Buy Greek Insurer Agrotiki
Jun 18 2014 // Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar...
Ryan Specialty Group Announces Landmark Healthcare Partnership With Lloyd’s Underwriters
Jun 17 2014 // Chicago, IL – 6/17/14 – Ryan Specialty Group, LLC (RSG) announces the formation of RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with some of the strongest and most...
Frederick H. DiMeo Buys Hughes AllMart’s Personal Book in California
Jun 16 2014 // The Frederick H. DiMeo Insurance Agency Inc. has purchased the personal lines division of Union City, Calif.-based Hughes AllMart Insurance Agency. The deal involves the acquisition of three insurance company books of...
Ryan Specialty Group Launches Healthcare Partnership with Lloyd’s Underwriters
Jun 16 2014 // Ryan Specialty Group, LLC (RSG) has formed RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with the healthcare and life science underwriters at Lloyd’s of London....
Aon to Acquire National Flood Services from StoneRiver
Jun 15 2014 // Aon US Holdings Inc. has agreed to acquire StoneRiver National Flood Services Inc. from StoneRiver Group. Financial terms were not disclosed. The acquisition is subject to customary closing conditions. National Flood...
Arthur J. Gallagher Acquires The Plus Companies in New Jersey
Jun 13 2014 // Arthur J. Gallagher & Co. said it has acquired The Plus Companies Inc. in Bridgewater, New Jersey. Terms were not disclosed. Established in 1985, The Plus Companies Inc.(TPC) is a managing general agent and program...
Capacity Coverage Affiliate Acquires Assets of Mt. Pleasant Agency in New York
Jun 13 2014 // Capacity Coverage Company of New Jersey Inc. said its New York City-based affiliate, ARM-Capacity of New York LLC, has acquired assets of Thornwood, N.Y.-based Mt. Pleasant Agency Inc. This transaction was completed...
Best Affirms PartnerRe, Operating Subs Ratings; Outlook Stable
Jun 13 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Bermuda-based Partner Reinsurance Company Ltd. and its affiliates, as...
Arthur J. Gallagher Buys Maryland’s Tri-State General
Jun 12 2014 // Arthur J. Gallagher & Co. said it has acquired Tri-State General in Salisbury, Maryland. Terms of the transaction were not disclosed. Established in 1979, Tri-State General is a specialty wholesale and managing...
Integro Acquires Benefits Firm Lugo & Associates in California
Jun 12 2014 // Integro Insurance Brokers has acquired the assets of Newport Beach, Calif.-based employee benefits specialist Lugo & Associates Insurance Services Inc., it was announced on Thursday. The acquisition was for an...
All Risks Acquires Sports, Entertainment Broker Alive Risk from NAS
Jun 12 2014 // Independent national wholesale broker All Risks Ltd. said it has acquired Alive Risk, a division of California-based NAS Insurance Services that specializes in entertainment, media, special events, film productions and...
Swiss Re’s Admin Re to Acquire HSBC’s UK Pension & Annuity Policies
Jun 12 2014 // Swiss Re’s Admin Re unit has agreed to acquire individual and group pension and related annuity policies from HSBC Life (UK) Limited. Swiss Re said the transaction is scheduled to close in the second half of...
Brown & Brown Acquires Assets of Gaston & Associates in New York
Jun 11 2014 // Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., said it acquired certain assets of Gaston & Associates Inc. in Mount Kisco, N.Y. Terms were not disclosed. With origins dating back to...
Willis Appoints Gunn Managing Partner in Cleveland, Ohio
Jun 5 2014 // Insurance broker Willis North America, a unit of Willis Group Holdings, appointed Andrew Gunnas managing partner of Willis’ Cleveland, Ohio, operations. Willis of Ohio Inc. serves over 3,000 national and local...
Beecher Carlson Sets Up Private Equity/M&A Team, Hires 3 From Crystal and Co.
Jun 4 2014 // Beecher Carlson Insurance Services LLC, a specialized large account brokerage and a wholly-owned subsidiary of Brown & Brown Inc., established a national private equity/mergers and acquisitions team in New York. The...
Minova Insurance Launched with Capital Z Partners’ Investment
Jun 3 2014 // Minova Insurance Holdings Ltd. announced its official launch, as well as the completion of the previously announced investment by Capital Z Partners, raising $50.7 million. Minova Insurance replaces BMS Associates as the...
State Auto Acquires Partners General Insurance Agency
Jun 2 2014 // Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) has completed its purchase of Partners General Insurance Agency (PGIA), a managing general underwriter specializing in excess and surplus lines...
