Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Swett & Crawford Acquires Southern Hospitality Underwriters of Georgia
Feb 11 2013 // In an expansion of its specialized program business, Swett & Crawford has acquired the assets of Griffin, Georgia -based Southern Hospitality Underwriters Inc. (SHU), a regional firm specializing in business insurance...
Virginia’s Hilb Group Acquires Pennoyer Group in Maryland
Feb 11 2013 // The Hilb Group, a Richmond, Va.-based insurance broker, announced the acquisition of The Pennoyer Group from its shareholders. The transaction was effective Jan. 31, 2013. Pennoyer was founded in 1978 by Paul Pennoyer and...
Mississippi Insurance Chief Wants State-Run Health Exchange, Not Partnership
Feb 11 2013 // After blocking Mississippi’s proposal for a state-run health insurance exchange because of divisions among state leaders on the plan, federal officials said Friday that they’re encouraging the state to seek...
PartnerRe Reports $111.5 Million Q4 Net Income; FY 2012 $1.1345 Billion
Feb 11 2013 // Bermuda-based PartnerRe Ltd. reported net income of $111.5 million, or $1.56 per share for the fourth quarter of 2012. The figure includes net after-tax realized and unrealized losses on investments of $7.4 million, or...
Arch to Acquire Interests in California Firm From Bankrupt PMI
Feb 8 2013 // Arch Capital Group Ltd., through its U.S.-based subsidiaries (Arch U.S. MI), will acquire all outstanding equity interests in San Francisco, Calif.-based CMG Mortgage Insurance Co. from bankrupt Arizona-based PMI Mortgage...
Lockton Expands Australia Operation with Melbourne Broker Acquisition
Feb 8 2013 // Lockton announced that it has expanded its operations on Australia’s East Coast with the acquisition of niche insurance brokerage firm Strategic Insurance & Risk Solutions, owned by insurance industry leader...
California Bill Would Force Gun Owners to Buy Insurance
Feb 7 2013 // Democratic lawmakers have proposed legislation that would require California gun owners to buy liability insurance to cover damages or injuries caused by their weapons. Similar bills have been introduced in other states...
P&I Club Correspondents under Pressure to Acquire Indemnity Insurance
Feb 7 2013 // In the latest issue of its newsletter, The Wire, the London-based International Transport Intermediaries Club (ITIC) points out that “P&I correspondents are coming under increasing pressure from clubs and from...
N.Y.-Based Integro Acquires iTrade Unit From Navigators Management Co.
Feb 7 2013 // New York-based insurance brokerage and risk management firm Integro announced the asset purchase of iTrade — a bonds and logistics brokerage division from Navigators Management Company. Navigators Management Company...
Shea Insurance in Nevada Acquired by Leavitt Group
Feb 6 2013 // Shea Insurance in Las Vegas, Nev. has been acquired by the Leavitt Group. Terms of the deal were not made available. With the acquisition Scott Villamor, who owned Shea Insurance, joins Leavitt Group’s Las Vegas...
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,...
