Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Ohio Governor: Push Harder for Flood Control Funding
Jun 13 2013 // Gov. John Kasich says members of the state’s congressional delegation haven’t pushed hard enough for federal money to help with flood control along the Blanchard River in northwest Ohio. The Courier in Findlay...
Goldman Avoids Damages in Dragon System’s Merger Negligence Claim
Jun 12 2013 // Sachs Group Inc.’s missteps advising speech-recognition pioneer Dragon Systems Inc. in a merger weren’t egregious enough under the law to warrant damages, a federal judge ruled. U.S. District Judge Patti B....
UK MGA Nexus Group Concludes Financial Lines Coverage Pact with PartnerRe
Jun 12 2013 // Nexus Group, a London-based Specialty MGA, has announced a transaction with reinsurer PartnerRe, which covers the current core financial lines underwritten by Nexus for a term of up to five years. Colin Thompson, CEO of...
Private Equity Firm LLR Partners Hires Senior Associate in Philadelphia
Jun 10 2013 // Philadelphia-based private equity firm LLR Partners recently hired Matthew Streisfeld as a senior associate to lead the firm’s investments in middle-market companies across several insurance sectors.Matthew...
Brown & Brown Announces Asset Acquisition of Rollins Agency in New York
Jun 10 2013 // Brown & Brown of New York Inc, a subsidiary of Brown & Brown Inc., said it acquired certain assets of The Rollins Agency in Rye Brook, N.Y. With roots dating from 1910, The Rollins Agency provides a wide range of...
Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion
Jun 10 2013 // The Travelers Companies Inc. said it has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited for approximately $1.1 billion in cash with an eye on expanding its commercial lines...
Equity Risk Partners Enhances Aviation Practice
Jun 7 2013 // Equity Risk Partners, an insurance brokerage, employee benefits and risk management consulting firm, has joined forces with AirSure Limited, an aviation risk management consultant in the United States, to strengthen its...
Segal Select Insurance Acquires Fiduciary Business from A&R Associates
Jun 6 2013 // Segal Select Insurance Services, Inc. has acquired Broker of Record rights to certain fiduciary liability policies and fidelity bonds previously brokered by A&R Associates in Alexandria, Va. According to Brian Smith,...
Marsh to Acquire Brokerage in Dominican Republic
Jun 6 2013 // Insurance broker Marsh has agreed to acquire Franco & Acra Tecniseguros, an insurance adviser in the Dominican Republic that has been acting as Marsh’s local correspondent broker since 1977. Terms of the...
Southport Lane Acquires Louisiana’s Imperial Fire & Casualty
Jun 4 2013 // Southport Lane, a New York City-based private equity firm, has completed its acquisition of Louisiana-based Imperial Management Corp., along with its largest subsidiary, Imperial Fire & Casualty, in an all-cash...
Hub International Hires Chan in Toronto, Acquires Book of Business
Jun 4 2013 // Hub International Limited (Hub) subsidiary Hub International HKMB Limited (Hub HKMB) has acquired a book of commercial and personal lines business from Lottie Chan. Terms of the acquisition were not disclosed. Chan is...
Hub International Acquires Assets of Beartooth in Montana
Jun 4 2013 // Chicago, Ill.-based Hub International Ltd. subsidiary Hub International Mountain States has acquired the assets of Beartooth Insurance Inc. Beartooth is a full-service insurance brokerage firm operating out of offices in...
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...
