Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Va.-Based Andrew Agency Acquires Samuel D. Baughman Insurance Agency
Jul 19 2013 // The Andrew Agency, an independent insurance agency based in Richmond, Va., announced its acquisition of Samuel D. Baughman Insurance Services, an agency also based in Richmond. The Andrew Agency serves clients in Virginia,...
USI Insurance Services Acquires Cohen-Seltzer Agency in Pennsylvania
Jul 17 2013 // USI Insurance Services said it completed its acquisition of Cohen-Seltzer Inc., in Fort Washington, Penn. Terms of the transaction were not disclosed. A third generation family-owned insurance agency formed in 1926,...
Georgia’s Ink Underwriting Acquires California’s Pioneer Programs
Jul 16 2013 // Newly-formed Ink Underwriting in Kennesaw, Georgia, said it has acquired Pioneer Programs Insurance Solutions, a Pasadena, California-based niche insurance program administrator for the construction and long term care...
Leavitt Group to Buy United Valley; a Collective 150 Agencies in West
Jul 12 2013 // United Valley Insurance Services and Leavitt Group Enterprises have agreed to a merger, giving the two firms a collective 150 insurance agencies and counting under one owner. The deal was announced late Friday. Under the...
Swiss Re in Talks with Phoenix on Admin Re Merger
Jul 12 2013 // Swiss Re Ltd., the world’s second- biggest reinsurer, said it’s in preliminary talks about combining its Admin Re business with Phoenix Group Holdings. “There is no certainty that these discussions will...
New China Life Falls as Zurich Insurance Sells Shares
Jul 12 2013 // New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the third-biggest Chinese life insurer by premium income last year. The stock dropped 6.4...
Pennsylvania Insurance Department Gets Dedicated Funding Structure
Jul 9 2013 // The Pennsylvania Insurance Department announced this week that it now has access to a dedicated funding source, thanks to Gov. Tom Corbett’s recently signed 2013-14 budget and newly enacted legislation, Act 46. This...
Guy Carpenter Acquires Maine-Based Disability Reinsurance Risk Manager
Jul 8 2013 // Guy Carpenter & Co. LLC, a global risk and reinsurance intermediary division of N.Y.-headquartered Marsh & McLennan Companies, announced last week its acquisition of Smith Group, a disability reinsurance risk...
Brown & Brown Completes Beecher Carlson Acquisition
Jul 1 2013 // Brown & Brown Inc. said it has completed the previously-announced acquisition of Beecher Carlson Holdings Inc. In May, Florida-based Brown & Brown Inc. said it would buy the retail brokerage, program management and...
Confie Seguros Acquires CW Baker, Lewiston Insurance Agencies in New York
Jul 1 2013 // Hispanic market-focused insurance agency network Confie Seguros announced the acquisition of CW Baker Insurance Agency and Lewiston Insurance Agency, two providers of standard and preferred personal insurance located in...
Holborn Buys Ownership Stake in Stonybrook Capital
Jul 1 2013 // New York-based reinsurance broker Holborn Corp. has acquired an ownership stake in Stonybrook Capital LLC, an investment banking advisor for the insurance and reinsurance industries. Holborn Chief Executive Officer Frank...
CoreLogic to Buy Marshall & Swift/Boeckh, DataQuick for $661 Million
Jul 1 2013 // CoreLogic Inc. agreed to buy three real estate data companies from TPG Capital’s Decision Insight Information Group for $661 million to expand its coverage of the property and casualty insurance industries. CoreLogic...
Michigan Ban on Domestic Partner Benefits Blocked
Jul 1 2013 // A federal judge has blocked Michigan’s ban on domestic partner benefits for employees who work for public schools or local governments, saying state lawmakers simply wanted to punish gays and lesbians. U.S. District...
MHBT Acquires Wells Fargo Insurance Office in Texas
Jun 28 2013 // Dallas, Texas-based MHBT Inc. has acquired Wells Fargo’s insurance brokerage operations in Lubbock, Texas. The deal includes all operating assets and operations of the Lubbock office of Wells Fargo Insurance,...
Boston-Based Risk Strategies Co. Sells Majority Stake to Kohlberg & Co.
Jun 27 2013 // Risk Strategies Co., a Boston-Based insurance and benefits brokerage and risk management firm, announced that private equity firm Kohlberg & Co. has acquired the majority of Risk Strategies’ stake. The brokerage...
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...
