Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Canada’s Fairfax to Buy American Safety in $306 Million Cash Deal
Jun 3 2013 // Fairfax Financial Holdings Ltd., a Canadian insurer, agreed to buy American Safety Insurance Holdings Ltd. for $306 million in an all-cash deal that will bring $480 million of investable assets. American Safety...
Willis’ Faber Global Exec Notes Decrease in UK Facultative Reinsurance Buys
Jun 3 2013 // Several large UK cedants are reducing their spending on facultative reinsurance, according to the view taken by Vanessa Macdonald-Smith, team leader at facultative reinsurance broker, Faber Global, a division of...
Cochrane Acquires Prowest In California
May 31 2013 // Spokane, Wash.-based Cochrane & Company, a western-regional surplus lines brokerage and managing general agent, has acquired Prowest Insurance Services Inc. The name and operations of Prowest, a Folsom, Calif.-based...
Digital Insurance Acquires Fallick in Northern California
May 30 2013 // Employee benefits agency Digital Insurance has acquired Fallick Insurance Services of Mountain View, Calif. Fallick joins the Los Altos/Silicon Valley office of Digital Benefit Advisors, a division of Digital...
Willis Acquires Employee Benefits Broker T.E. Burke & Associates in Maryland
May 29 2013 // Willis of Maryland, a unit of Willis Group Holdings plc, acquired accounts and certain personnel formerly associated with T.E. Burke & Associates Inc., an employee benefits insurance broker based in Rockville,...
Marsh to Acquire Peru Insurance Advisor Rehder y Asociados
May 24 2013 // Global broker Marsh Inc. announced that it has reached a definitive agreement to acquire the Rehder y Asociados Group, an insurance advisor in Peru. Marsh said the “business includes the insurance broker Rehder y...
SeaFire Insurance Seeks Agency Partners in Penn., N.J.
May 24 2013 // Overland Park, Kan.-based SeaFire Insurance Services said it is seeking new agency partners in Pennsylvania and New Jersey for its exclusive auto dealer and repair insurance program. SeaFire said it will consider...
U.S. Senate Passes Bill with Kansas River Levee Funding
May 23 2013 // The U.S. Senate has approved a bill that includes funding aimed at improving Topeka’s levee system along the Kansas River. The bill approved in the Senate would provide about $15.7 million in federal matching funds...
Brown & Brown to Acquire Insurance Broker Beecher Carlson
May 22 2013 // Florida-based national insurance agency Brown & Brown Inc. has agreed to acquire Beecher Carlson Holdings Inc., an insurance and risk management broker with operations that include retail brokerage, program management...
Jacobson Completes Merger with UK’s ejsSearch
May 22 2013 // The Chicago-based Jacobson Group, which provides recruits to the insurance industry, and ejsSearch – the London-based insurance executive search firm specializing in assignments in London and broader European and...
Insurance Giant Buys Out Cincinnati Women’s Home
May 15 2013 // A major insurance company has bought out a nonprofit home for struggling women in Cincinnati in a deal announced Monday, ending a bitter two-year court battle over the home’s historic property in a beautiful downtown...
Confie Seguros Acquires Texas State Low Cost Insurance
May 14 2013 // Confie Seguros, a national provider of personal lines insurance, has acquired Texas State Low Cost Insurance Agency of Austin, expanding the company’s network beyond its current locations in San Antonio and...
CBIZ Acquires Minnesota’s Associated Insurance Agents
May 7 2013 // CBIZ Inc. announced it acquired Associated Insurance Agents (AIA), of Minneapolis, Minn., effective May 1, 2013. Established in 1982, AIA is an insurance brokerage agency specializing in property and casualty insurance,...
Univest Acquires John T. Fretz Insurance Agency in Pennsylvania
May 7 2013 // Univest Corporation of Pennsylvania and its insurance subsidiary, Univest Insurance Inc., announced this month the acquisition of John T. Fretz Insurance Agency Inc. John T. Fretz Insurance Agency is a...
Partner Benefits Stand for Michigan State Workers
May 6 2013 // Same-sex domestic partners of state employees will continue to qualify for health insurance after the Michigan Supreme Court decided not to hear an appeal filed by the state. In a short order released May 2 and dated May...
Flexing Antitrust Muscle; China is a New Hurdle for Mergers & Acquisitions
May 6 2013 // China’s new-found clout in regulating global mergers is causing headaches for companies seeking high-stakes deals that need Beijing’s approval. Where corporate lawyers and advisers were once primarily concerned...
ACE Acquires Mexico Personal Lines Insurer ABA Seguros
May 3 2013 // ACE Limited announced that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing dividend taken by...
Crop Insurance Subsidies Encourage Farmers to Buy Too Much Coverage: Economist
May 2 2013 // U.S. farmers have collected a record $17 billion in crop insurance payments on drought-hit 2012 crops but the system could have spent half as much and still saved growers from ruinous losses, an insurance specialist said...
AJ Gallagher Acquires UK’s Property & Commercial Limited
May 2 2013 // Arthur J. Gallagher announced the acquisition of UK-based Property & Commercial Limited from Barbon Insurance Group. Terms of the transaction were not disclosed. “This insurance business provides retail and...
Applied Systems Acquires IVANS P/C Business
May 1 2013 // Insurance software vendor Applied Systems said it has completed its acquisition of the property/casualty business of IVANS, which has been providing products for insurance data exchange and integration between insurance...
