Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Chubb to Provide Loss Prevention Guide for Directors Dealing with M&A Litigation
Feb 6 2013 // The Chubb Group of Insurance Cos. has created a new loss prevention guide aimed at assisting directors and officers in preparing for litigation if their firm engages in a merger or acquisition. “Merger and...
AmWins Acquires Long-Term Care Specialist CIMI Professional
Feb 6 2013 // AmWINS Program Underwriters (APU), an AmWINS Group company, has acquired certain assets of CIMI Professional. CIMI Professional is a long-term care managing general underwriter (MGU) and a division of Chandler Insurance...
Digital Insurance Acquires Tennessee’s Capital Benefits Group
Feb 6 2013 // Atlanta-based employee benefits agency Digital Insurance has acquired Tennessee’s Capital Benefits Group. It marks Digital’s first office in Tennessee. Terms were not disclosed. Capital Benefits Group, which...
Florida Considers Partners for Health Insurance Exchange
Feb 6 2013 // Florida lawmakers heard this week from two organizations that could serve as partners in running an insurance exchange under the federal health overhaul. Florida has missed the deadline to run its own online marketplace...
MMIC to Acquire Utah Medical Insurance Association
Feb 5 2013 // MMIC, a large Midwest medical professional liability firm, has entered into an agreement to acquire Utah Medical Insurance Association, a provider of medical professional liability insurance for physicians in Utah,...
N.Y. Gov. Proposes to Spend Up to $400M to Buy Out Storm-Wrecked Homes
Feb 5 2013 // New York Gov. Andrew Cuomo wants to spend up to $400 million to buy and demolish homes wrecked by Superstorm Sandy and permanently preserve the land as undeveloped coastline.New York Gov. Andrew CuomoA Cuomo administration...
Willis Names Daniels Managing Partner of Northern California
Feb 5 2013 // Willis North America, a unit of Willis Group Holdings, named Andrew R. Daniels as managing partner of Northern California. The appointment is effective March 18. Daniels will be will be based in San Francisco and will lead...
Confie Seguros Buys New York, Florida Agencies
Feb 5 2013 // Confie Seguros, a national personal lines insurance brokerage network, has acquired two additional agencies: Cannello Agency in Niagara, New York, and Moose Insurance in Oakland, Florida, as part of its strategy to build...
Wisconsin’s McClone Acquires Burkart-Heisdorf Insurance Agency
Feb 4 2013 // Two independent insurance agencies in Wisconsin have joined forces with the acquisition of Burkart-Heisdorf Insurance Agency Inc. by McClone. The acquisition was completed Dec. 31, 2012, the companies announced. McClone,...
JLT Malaysia Acquires Insfield Insurance Brokers Sdn Bhd
Feb 1 2013 // Jardine Lloyd Thompson (JLT) Malaysia announced that it has acquired Insfield Insurance Brokers Sdn Bhd, one of the country’s major insurance brokers. The terms of the deal were not announced. “Over the years,...
Cross Insurance Buys Bond Specialty Agency Skillings Shaw in Maine
Jan 30 2013 // Cross Insurance, a subsidiary of Maine-based Cross Financial Corp., and one of the largest independent insurance agencies in New England, recently acquired Skillings Shaw & Associates, a Lewiston, Maine-based bond...
Insight Specialty Programs Partners with GoAgents.com
Jan 24 2013 // Insight Specialty Programs (ISP), a developer and marketer of insurance, non-insurance and telematics products and services, has formed a new partnership with GoAgents.com, a cloud-based distribution platform that provides...
Scottish American Capital Acquires N.Y.-Based MGA Buckingham Badler
Jan 23 2013 // New York-based investment fund Scottish American Capital has acquired managing general agent Buckingham Badler Associates, also of New York. Founded in 1973, Buckingham Badler Associates is based in Staten Island, N.Y.,...
CoreLogic Buys CDS Business Mapping in Connecticut
Jan 23 2013 // CoreLogic, a residential property information, analytics and services provider based in Irvine, Calif., acquired CDS Business Mapping LLC in Middletown, Conn. CDS will be integrated into the existing CoreLogic Spatial...
N.J.-Based Risk Partners Appoints VP of Business Development
Jan 23 2013 // Risk Partners Inc., a provider of specialty workers’ compensation and auto liability placements and niche program business offerings, named Tripp Craig as its vice president of business development. Craig has over 25...
MMIC-Backed Constellation to Partner with Medical Liability Insurers
Jan 22 2013 // Constellation, a mutual holding company, has been formed by medical liability company, MMIC, to enable physician-owned medical liability companies to band together for common benefit. Constellation is based in Minneapolis,...
Lloyd’s Notes More Use of Specialist M&A Insurance
Jan 18 2013 // Given the reduced amount of merger and acquisition (M&A) activity as a result of the financial crisis, it’s not surprising that the deals, which do go through, engender greater risks. An article from...
ThinkRisk, Aspen U.S. Partner to Offer Media, Technology, Privacy E&O Program
Jan 18 2013 // Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency and Aspen US Insurance have entered into a new underwriting partnership. ThinkRisk will transition its existing converging risk program –specialized errors...
Sun Life, Khazanah to Buy Aviva’s Malaysian Insurance JV for C$586 Million
Jan 17 2013 // Canada’s Sun Life Financial and Malaysian state investor Khazanah will buy 98 percent of Aviva Plc’s Malaysian insurance joint venture with lender CIMB for C$586 million (US$593.6 million). Sun Life and...
Tower Group Updates Figures on Merger Status with Canopius
Jan 17 2013 // Tower Group announced that it has received all required insurance regulatory approvals for its merger agreement with Canopius Holdings Bermuda Limited (CHBL). In addition the bulletin said that Tower Group “is...
