Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Homeowners Choice Sells First Flood Policy in Florida
Jan 24 2014 // Homeowners Choice Property & Casualty Insurance Co., Inc., a Florida based provider of admitted homeowners insurance and wholly-owned insurance subsidiary of HCI Group, Inc., is now selling flood insurance to existing...
AssuredPartners Enters West Virginia, Acquiring Commercial Insurance Services
Jan 24 2014 // Florida-based AssuredPartners Inc. said it has completed the acquisition of Commercial Insurance Services through its newly formed operation AssuredPartners of West Virginia. Terms were not disclosed. The Commercial...
JLT Acquires Hong Kong-based Lambert Brothers Holdings
Jan 24 2014 // Jardine Lloyd Thompson Group announced that its Asia business has acquired Hong Kong-based Lambert Brothers Holdings Limited (LBH). The bulletin noted that “LBH has been an independent insurance and employee benefits...
Pacific Trade Partners Working on Final Stages for Agreement: U.S. Official
Jan 24 2014 // Pacific Rim trading partners are working to resolve the last thorny issues in sealing an ambitious free trade pact and are likely to have further high-level talks next month, a senior U.S. trade official said on...
Willis Acquires Benefits Division of Alabama’s Capital Strategies Group
Jan 23 2014 // Willis North America said it has acquired the employee benefits consulting division of Birmingham, Alabama-based Capital Strategies Group Inc. Capital Strategies Group’s employee benefits consulting division, led by...
Munich Re to Buy Hartford Steam Boiler Unit’s Headquarters Building in Conn.
Jan 23 2014 // Munich Re, the world’s largest reinsurer, said its Hartford Steam Boiler agreed to buy the 24-story building that serves as the unit’s headquarters. The structure at One State Street in Hartford, Connecticut,...
Altitude Risk Partners Launches 1st Underwriting Cell on Castel’s MGA Platform
Jan 23 2014 // Castel Underwriting Agencies Limited, a member of the Barbican Insurance Group, announced that Altitude Risk Partners has become the first underwriting cell to utilize its “club-style” MGA platform to create a...
Keystone Insurers Group Names Five New ‘Pioneer’ Partners in Illinois
Jan 22 2014 // Keystone Insurers Group named five new franchise partners in Illinois, completing its list of “Pioneer Partners” — the first 10 agencies in the state to join the property/casualty insurance network....
Risk Strategies Acquires Singer Nelson Charlmers in New Jersey
Jan 22 2014 // Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired Singer Nelson Charlmers, a Teaneck, N.J.-based insurance brokerage firm providing coverages in...
Bolton & Co. Acquires Rick Gombar Insurance in California
Jan 17 2014 // Bolton & Co. has acquired Los Angeles-based Rick Gombar Insurance Services Inc., an independent insurance agency that provides professional protection for the security industry. As part of the transaction, Rick Gombar,...
USI Insurance Services Acquires Oscar & Associates in N.J.
Jan 17 2014 // USI Insurance Services announced the closing of the acquisition of Oscar & Associates, an employee benefit wholesale broker in West Caldwell, N.J. Terms of the transaction were not disclosed. Oscar & Associates...
Oracle Loses Bid to Have D&O Insurer Beazley Pay $20M in Claims Over Acquisition
Jan 16 2014 // Oracle Corp. can’t rely on an insurer to pay $20 million to help settle shareholder claims over the software maker’s acquisition of a company controlled by Oracle founder Larry Ellison, a judge...
Ohio Treasurer Withdraws Insurance Claim, Sells Damaged Vehicle for $938
Jan 16 2014 // Records show Ohio treasurer Josh Mandel’s failed Senate campaign sold a vehicle totaled in a March wreck shortly after questions arose over the continued use of the vehicle, averting an insurance review that might...
Brown & Brown to Acquire Flood, Specialty Insurer The Wright Group
Jan 15 2014 // Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright’s lead equity partner. The Wright...
Risk Strategies Acquires DataRisk in New Hampshire
Jan 15 2014 // Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired DataRisk LLC, a Portsmouth, N.H.-based risk management consulting firm offering risk management and...
AssuredPartners Acquires InSight Aviation Insurance in Virginia
Jan 15 2014 // AssuredPartners Inc., through its Dawson Companies platform, has completed the acquisition of InSight Aviation Insurance in Richmond, Va. InSight Aviation is an agency that specializes in property/casualty insurance and...
Sen. Rockefeller Requests Increased Funding for Chemical Safety Board
Jan 15 2014 // U.S. Sen. Jay Rockefeller is seeking more funding for the U.S. Chemical Safety Board following a spill in West Virginia that tainted the water supply for about 300,000 residents. Rockefeller says in a news release that he...
USI Insurance Services Acquires Ohio’s Quintessential Advisors
Jan 14 2014 // Insurance broker, USI Insurance Services (USI), has acquired Quintessential Advisors Ltd. (Quintessential) headquartered in Dayton, Ohio. Terms of the transaction were not disclosed. Quintessential Advisors was founded in...
Cross Insurance Acquires Assets of Maine, Connecticut Brokers
Jan 14 2014 // Bangor, Maine-based Cross Insurance has acquired the assets of two insurance brokers – Willis of Northern New England Inc., and The Insurance Exchange Inc. of Stamford, Connecticut. Formerly known as the Dunlap Agency,...
Mass.-Based Corcoran & Havlin, Sciarratta & Doucette Announce Merger
Jan 13 2014 // The Corcoran & Havlin Insurance Group in Wellesley, Mass., recently announced it has merged with Needham, Mass.-based Sciarratta & Doucette Insurance Agency. Sciarratta & Doucette customers will now be...
