Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Alberta Promises US$956 Million in Flood Funding; Won’t Balance Budget
Jun 25 2013 // Alberta Premier Alison Redford on Monday promised C$1 billion (US$956 million) in initial funding to help pay for damage caused by major flooding this past weekend, and said the oil-rich province would no longer be able to...
N.J.-Based Surety Partners of America Names COO
Jun 24 2013 // Nicholas Solimo has joined Morristown, N.J.-based Surety Partners of America as chief operating officer. He previously served as senior director of global operations for Roche Inc. based in Branchburg, N.J.Nicholas...
Aon Acquires Dempsey Partners
Jun 21 2013 // Aon Global Risk Consulting, the risk consulting business of Aon plc acquired the assets of Dempsey Partners, a provider of claims preparation, business interruption valuations and related forensic accounting services to...
Ebix, Goldman Sachs Terminate Merger Agreement Amid Probe
Jun 20 2013 // Ebix Inc., a supplier of software and E-commerce services to the insurance industry, announced that it and an affiliate of Goldman, Sachs & Co. have agreed to terminate their previously announced merger agreement. The...
Heffernan Acquires N.Y.-Based Consuasor Insurance Advisors
Jun 19 2013 // Walnut Creek, Calif.-based Heffernan Insurance Brokers recently acquired Consuasor Insurance Advisors in New York. Founded in 2006, Consuasor is a multi-lines middle market broker with offices in New York City and Long...
IRS Scandals Threaten Funding for Health Care Law
Jun 19 2013 // Mounting scandals at the Internal Revenue Service are jeopardizing critical funding for the agency as it gears up to play a big role in President Barack Obama’s health care law. Obama sought a significant budget...
Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow
Jun 18 2013 // The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now allows Travelers to...
Cooper Gay Swett & Crawford Appoint Homer Global Head of M&A
Jun 17 2013 // Cooper Gay Swett and Crawford (CGSC) announced that Oliver Homer has joined the company, effective as of today, June 17, as Global Head of M&A, a newly created position within the group. He is based in London and will...
Ohio Governor: Push Harder for Flood Control Funding
Jun 13 2013 // Gov. John Kasich says members of the state’s congressional delegation haven’t pushed hard enough for federal money to help with flood control along the Blanchard River in northwest Ohio. The Courier in Findlay...
Goldman Avoids Damages in Dragon System’s Merger Negligence Claim
Jun 12 2013 // Sachs Group Inc.’s missteps advising speech-recognition pioneer Dragon Systems Inc. in a merger weren’t egregious enough under the law to warrant damages, a federal judge ruled. U.S. District Judge Patti B....
UK MGA Nexus Group Concludes Financial Lines Coverage Pact with PartnerRe
Jun 12 2013 // Nexus Group, a London-based Specialty MGA, has announced a transaction with reinsurer PartnerRe, which covers the current core financial lines underwritten by Nexus for a term of up to five years. Colin Thompson, CEO of...
Private Equity Firm LLR Partners Hires Senior Associate in Philadelphia
Jun 10 2013 // Philadelphia-based private equity firm LLR Partners recently hired Matthew Streisfeld as a senior associate to lead the firm’s investments in middle-market companies across several insurance sectors.Matthew...
Brown & Brown Announces Asset Acquisition of Rollins Agency in New York
Jun 10 2013 // Brown & Brown of New York Inc, a subsidiary of Brown & Brown Inc., said it acquired certain assets of The Rollins Agency in Rye Brook, N.Y. With roots dating from 1910, The Rollins Agency provides a wide range of...
Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion
Jun 10 2013 // The Travelers Companies Inc. said it has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited for approximately $1.1 billion in cash with an eye on expanding its commercial lines...
Equity Risk Partners Enhances Aviation Practice
Jun 7 2013 // Equity Risk Partners, an insurance brokerage, employee benefits and risk management consulting firm, has joined forces with AirSure Limited, an aviation risk management consultant in the United States, to strengthen its...
Segal Select Insurance Acquires Fiduciary Business from A&R Associates
Jun 6 2013 // Segal Select Insurance Services, Inc. has acquired Broker of Record rights to certain fiduciary liability policies and fidelity bonds previously brokered by A&R Associates in Alexandria, Va. According to Brian Smith,...
Marsh to Acquire Brokerage in Dominican Republic
Jun 6 2013 // Insurance broker Marsh has agreed to acquire Franco & Acra Tecniseguros, an insurance adviser in the Dominican Republic that has been acting as Marsh’s local correspondent broker since 1977. Terms of the...
Southport Lane Acquires Louisiana’s Imperial Fire & Casualty
Jun 4 2013 // Southport Lane, a New York City-based private equity firm, has completed its acquisition of Louisiana-based Imperial Management Corp., along with its largest subsidiary, Imperial Fire & Casualty, in an all-cash...
Hub International Hires Chan in Toronto, Acquires Book of Business
Jun 4 2013 // Hub International Limited (Hub) subsidiary Hub International HKMB Limited (Hub HKMB) has acquired a book of commercial and personal lines business from Lottie Chan. Terms of the acquisition were not disclosed. Chan is...
Hub International Acquires Assets of Beartooth in Montana
Jun 4 2013 // Chicago, Ill.-based Hub International Ltd. subsidiary Hub International Mountain States has acquired the assets of Beartooth Insurance Inc. Beartooth is a full-service insurance brokerage firm operating out of offices in...
