Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
2012 Insurance M&A Snapshot
Mar 25 2013 // Here is a snapshot of the property/casualty insurance industry merger and acquisition activity reported byInsurance Journal in 2012. Major carrier transactions included Nationwide’s acquisition of Harleysville, The...
Wells Fargo Insurance Names Head of M&A Group in New York
Mar 21 2013 // Wells Fargo Insurance, part of Wells Fargo & Company, named Richard Colton head of its mergers and acquisitions industry practice. Based in New York, he will report to Peter Gilbertson, regional managing director for...
N.J. Gov. Christie Seeks $250M to Buy Out Homes in Flood-Prone Areas
Mar 21 2013 // New Jersey Gov. Chris Christie said on Tuesday, March 19, that he is asking the federal government to let the state use $250 million in Sandy aid to help New Jersey buy out homeowners in flood-prone areas, but he does not...
Marsh Partners with NYSE Euronext Units on Enhanced D&O Offering
Mar 20 2013 // Corpedia and Corporate Board Member, NYSE Euronext (NYX) companies, and Marsh have entered into a strategic alliance to provide directors and officers with enhanced governance, risk and compliance resources. The alliance...
CoVerica Acquires Dallas-Based Pacific Agency
Mar 18 2013 // Texas-based CoVerica Inc. announced it has acquired the Pacific Agency Inc., a commercial property/casualty agency that was founded in Dallas 19 years ago. Pacific specializes in artisan contractors, property managers,...
GJ Sullivan Co. Acquires Network E&S Insurance Brokers’ California Book
Mar 15 2013 // G.J. Sullivan Company Excess & Surplus Lines Brokers has acquired Network E&S Insurance Brokers’ book of California business. David Gorin and Sherri Gust will join GJS E&S, and will operate from...
Sirius XM Sues D&O Insurers, Seeks to Recoup Post-Merger Defense Costs
Mar 14 2013 // New York-based satellite radio services company Sirius XM Radio Inc. filed a lawsuit against two directors and officers insurers last week. Sirius XM alleges XL Specialty Insurance Co. and U.S. Specialty Insurance...
Tower Closes Merger with Canopius; Changes in Share Listing
Mar 14 2013 // Tower Group, Inc. announced the closing of its merger with Canopius Holdings Bermuda Limited as of the close of trading on The NASDAQ Global Select Market (NASDAQ) today March 14, 2013. The announcement said: “Upon...
Southport Lane Acquires Dallas National Insurance Co.
Mar 13 2013 // Southport Lane, a New York-based private equity firm, completed its previously announced acquisition of Dallas National Insurance Co., a Texas-based property and casualty insurer specializing in general liability and...
American Resources Insurance Co. Expands Rockwood Partnership
Mar 12 2013 // American Resources Insurance Company (ARIC) has broadened its partnership arrangement with Rockwood Programs. The new relationship provides ARIC’s producer network with access to an array of management and...
Agency M&A Advisory Firm Sees ‘Lack of Quality Acquisition Opportunities’
Mar 12 2013 // A mergers and acquisitions advisory firm focusing on the insurance agency sector says it is hearing more this year about “a lack of quality acquisition opportunities,” which could lead to fewer deals this year...
South Carolina’s Top NFL Prospect Clowney Buys Insurance Policy
Mar 11 2013 // South Carolina All-American Jadeveon Clowney has purchased a $5 million insurance policy to protect himself financially for the 2013 season. Clowney said his family bought the policy earlier this year. The NCAA’s...
Agency M&A Landscape
Mar 11 2013 // Insurance Journal recently had a chance to chat with executives from MidCap Advisors, a New York-based mergers and acquisitions firm. The firm focuses on small- and mid-size brokers and agencies, offering advice on issues...
The Acquisition Cycle
Mar 11 2013 // Insurance agency mergers and acquisitions were up last year, at an all-time high in fact, according to the Chicago-based M&A advisory firm OPTIS Partners. A recent survey conducted by the financial services consulting...
Insurance Agency M&As Hit All-Time High in 2012: Survey
Mar 11 2013 // A survey of insurance agencies in the United States and Canada shows that agency mergers and acquisitions hit an all-time high in 2012, according to a Chicago-based M&A advisory firm. There were 291 reported agency...
Crawford & Co. to Acquire Majority of UK-based Lloyd Warwick International
Mar 8 2013 // Crawford & Co., the Atlanta-based independent provider of claims management solutions, has agreed to terms to acquire a majority interest in Lloyd Warwick International Limited (LWI). LWI is a specialist loss...
Bankers Insurance Group Acquires AIX Florida Policies
Mar 5 2013 // Bankers Insurance Group has reached an agreement with AIX Group to acquire its Florida policies as part of a strategy to increase Bankers’ presence in the state’s Latino community. Under the terms of the deal,...
Arthur J. Gallagher & Co. Acquires Metzler Bros. Insurance
Mar 5 2013 // Insurance broker Arthur J. Gallagher & Co. has acquired Metzler Bros. Insurance of Kansas City, Mo. Terms of the transaction were not disclosed. Founded in 1946, Metzler Bros. Insurance is a retail insurance broker...
Amlin to Acquire P&I MGA RaetsMarine
Mar 4 2013 // The UK’s Amlin plc announced it has entered into an agreement to acquire RaetsMarine, a managing general agent it said is ranked in the top three global providers of fixed premium marine liability protection and...
Genstar Capital Acquires Michigan’s Acrisure
Mar 1 2013 // San Francisco-based private equity firm Genstar Capital LLC has acquired Acrisure, a large retail insurance brokerage headquartered in Grand Rapids, Mich. Acrisure’s product lines include property and casualty,...
