Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Sanlam Unit Buys Controlling Stake in MCIS Zurich of Malaysia
Apr 23 2014 // Sanlam Emerging Markets, a unit of South African insurance company Sanlam Ltd., said it’s buying 51 percent of Malaysia’s MCIS Zurich Insurance Berhad for about 1.25 billion rand ($118.4 million). Sanlam will...
Aetna Completes Acquisition of UK-Based InterGlobal
Apr 23 2014 // Aetna announced that it has completed its acquisition of United Kingdom-based InterGlobal from a group led by its majority shareholder Alchemy Partners. The bulletin noted that “InterGlobal specializes in...
Texas-Based All-Star Insurance Group Acquires Hogue Insurance Agency
Apr 22 2014 // All-Star Insurance Group Inc. has acquired Hogue Insurance Agency in Quitman, Texas. Hogue Insurance Agency is now known as All-Star Insurance Group and has moved all operations to an office inside Wood County National...
ProHost, XL Group Partner on Restaurant Insurance Package
Apr 17 2014 // ProHost USA, a Minneapolis, Minn.-based national program administrator specializing in restaurant insurance for 25 years, announced it is partnering with XL Group to provide packaged insurance coverages for fine dining and...
SeaFire Seeks Agency Partners for Dealership Programs in Oregon and Idaho
Apr 17 2014 // Overland Park, Kan.-based SeaFire Insurance Services is seeking new agency partners in Oregon and Idaho for its auto dealer and repair insurance program. SeaFire will consider appointments for retail insurance agencies...
AssuredPartners Acquires CBS Coverage Group in N.Y.
Apr 17 2014 // AssuredPartners Inc., through its subsidiary Assured SKCG Inc., has recently acquired CBS Coverage Group Inc. in Plainview, N.Y. CBS Coverage Group specializes in commercial insurance, employee benefits and financial...
Boston Marathon Attacks Convinced Smaller, Midsized Firms to Buy Terror Insurance
Apr 17 2014 // For landlord Peter Zagorianakos, terrorism insurance wasn’t a necessity until the bombs went off last April at the Boston Marathon and revealed a frightening pattern. Two buildings he owns stand within a half-mile...
South Carolina Looks to Increase Home Mitigation Funding
Apr 17 2014 // South Carolina lawmakers are moving forward with a plan to increase grants to homeowners who strengthen their homes against storm damage. The South Carolina Senate Finance Committee approved the “Competitive...
BancorpSouth Insurance to Acquire Louisiana’s Knox Insurance Group
Apr 16 2014 // BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss., is acquiring Lafayette, La.-based Knox Insurance Group LLC (Knox) in a transaction that is expected to close...
Gas Tax Causes $500M Shortfall in Oregon Transportation Funding
Apr 15 2014 // People are driving less, and their vehicles have become more fuel efficient. While those might be considered positive trends, a potential decline in gas-tax revenue is one reason the Oregon Department of Transportation...
Will Ratings Concerns Hinder Reinsurer M&A, Hedge Fund ‘Play’? -Litmus Analysis
Apr 15 2014 // In the “investment banker 101 playbook” for cyclical industries the reinsurance industry has arrived at the page marked “weak pricing due to too much competition; sell M&A services to our...
Travelers CEO Fishman Eyes Potential Foreign Acquisitions
Apr 14 2014 // Travelers Companies, which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. In his annual...
Aspen Rejects Endurance’s $3.2B Hostile Acquisition Bid As ‘Ill-Conceived’
Apr 14 2014 // Bermuda-based Endurance Specialty Holdings Ltd. today offered to buy Aspen Insurance Holdings Limited, also based in Bermuda, for $3.2 billion, or $47.50 per Aspen share, in a hostile takeover. The combined company would...
Cross Insurance Acquires Troy, Pires & Allen Insurance in Rhode Island
Apr 9 2014 // Cross Insurance, a subsidiary of Cross Financial Corp. in Bangor, Maine, announced its acquisition of Troy, Pires & Allen Insurance, a 78-year-old insurance agency based in East Providence, R.I. Terms of the...
Hannover Re Says Capital Allows Steady Dividend, Potential Acquisitions
Apr 9 2014 // Hannover Re, the world’s third- biggest reinsurer, has sufficient capital to offer investors a steady dividend and pursue potential purchases, Chief Executive Officer Ulrich Wallin said. “We have increased our...
China Relaxation of Insurance M&A Rules Could Invite More Global Firms
Apr 8 2014 // China’s decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market. Beijing would allow insurers, including...
Arthur J. Gallagher: Q1 Revenues Up 20%; 10 Mergers in Pipeline
Apr 7 2014 // Illinois-based global insurance broker Arthur J. Gallagher & Co. reported 20 percent growth in total revenues for its brokerage and risk management units combined along with four percent growth in organic commissions...
AssuredPartners Acquires MHB Insurance in New York
Apr 7 2014 // Lake Mary, Fla.-based AssuredPartners Inc., through its subsidiary Assured SKCG, recently acquired MHB Insurance, located in Peekskill, N.Y. Terms of the transaction were not disclosed. Founded in 1919, MHB Insurance...
Shareholders Sue in 94 Percent of M&As; 75 Percent Settle Before Closing: Cornerstone Research
Apr 7 2014 // Shareholders challenged more than 94 percent of U.S. merger and acquisition deals valued over $100 million in 2013, according to a new M&A report by Cornerstone Research. Deals worth $100 million or more attracted an...
Agency M&A in 2013 Reverted to Norm After Busy 2012: OPTIS Partners
Apr 7 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...
