Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ACE Acquires 80% of Indonesia Insurer Asuransi Jaya Proteksi
Sep 19 2012 // ACE Limited announced that it has acquired 80 percent of Indonesian insurer PT Asuransi Jaya Proteksi. The Jakarta-based company is “one of Indonesia’s top 10 general insurers and a leader in personal...
AssuredPartners Acquires North Carolina’s Moore & Johnson Agency
Sep 18 2012 // AssuredPartners is making is first foray into North Carolina by purchasing the Moore & Johnson Agency. The Raleigh, North Carolina-based Moore & Johnson is owned by Bingham & Ervin Inc., and is one of the...
Ryan Specialty to Buy Direct Group in UK
Sep 18 2012 // The Ryan Specialty Group (RSG) announced that it would “significantly strengthen its MGA and third party administration (TPA) capabilities in the UK” with an agreement to acquire insurance services provider...
BDO USA Hires Assurance Partner for Insurance Clients in New York
Sep 13 2012 // Financial services firm BDO USA, LLP appointed John Green as assurance partner in the Metro New York insurance industry practice.John GreenIn his new role, Green will be responsible for business development and overseeing...
U.S. Is Leader in Merger, Acquisition Activity Worldwide: Clyde & Co.
Sep 11 2012 // Merger and acquisition trends in the United States trended upward from 2009 to the first half of 2012, a new industry report reveals. So far the U.S. remains the most active country for mergers and acquisitions overall...
CRC/Crump Acquires Preferred Brokerage Unit of Preferred Concepts
Sep 11 2012 // CRC|Crump has signed an agreement with Preferred Concepts in New York to acquire select assets of the company’s Preferred Brokerage business unit. Terms were not disclosed. J.C. Sparling, who led Preferred Brokerage,...
U.S. Treasury Sells $18 Billion of AIG Stock, Cuts Stake to 19%
Sep 10 2012 // The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its...
InsureZone Acquires MSI Group, Adds Agencies to New Direct Program
Sep 10 2012 // Fort Worth, Texas-based InsureZone announced it has acquired Denver-based MSI Group, with agencies in 20 states. The purchase adds 63 agencies to InsureZone’s network/cluster program. MSI Group provides agency...
CBIZ Acquires Trinity Risk Advisors of Atlanta
Sep 10 2012 // CBIZ Inc. has acquired the assets of Trinity Risk Advisors Inc. of Atlanta, Georgia, a specialty brokerage firm providing primarily medical malpractice insurance to the healthcare industry and insurance to the...
Marsh McLennan Agency Acquires South Carolina’s Rosenfeld Einstein
Sep 10 2012 // Marsh & McLennan Agency LLC (MMA) has acquired Rosenfeld Einstein, a $9 million property/casualty and employee benefits agency based in Greenville, South Carolina. Terms of the transaction were not disclosed. With...
AIG Sells AIA Shares at Surpise Premium, Raises $2 Billion
Sep 7 2012 // American International Group Inc. said it raised $2.02 billion through the sale of a partial stake in its former Asian unit AIA Group Ltd, placing the shares at a surprise premium although analysts were disappointed at the...
Dubai Group Sells Turkey Insurance Unit to Starr, Oman Insurance Group
Sep 5 2012 // The Dubai Group has sold its Turkish insurance arm to Starr Insurance and Reinsurance Ltd., a company owned by former AIG chief executive Maurice “Hank” Greenberg, and to a unit of Dubai lender Mashreq Bank, as...
Schmelz Joins Edwards Wildman as a Partner in Insurance and Reinsurance
Sep 4 2012 // The law firm of Edwards Wildman Palmer LLP named Ronie M. Schmelz a partner in the firm’s insurance and reinsurance department. She will divide her practice between the firm’s offices in Los Angeles and New...
AmWINS Buys Wisconsin School Insurance Broker, Smic
Sep 4 2012 // Insurance broker AmWINS Group Inc. has acquired Special Markets Insurance Consultants, Inc. Smic is headquartered in Stevens Point, Wisconsin with a sales office in Chicago, Illinois. Founded in 1985 by Nora Stransky, Smic...
ASNOA Welcomes New Partners in Missouri, Illinois
Sep 3 2012 // The Agent Support Network of America, ASNOA has welcomed its two newest partners, insurance veterans J. Scott Loveland and Roger Collins. J. Scott Loveland, owner and founder of Springfield, Mo.-based Scott Loveland...
Validus to Buy Flagstone Re for $600 Million in Cash and Stock
Aug 30 2012 // Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business. The deal comes after Validus unsuccessfully tried to buy...
Ohio’s Norman-Spencer Agency Acquires N.Y.-Based Keenan Marine Agency
Aug 29 2012 // Dayton, Ohio-based Norman-Spencer Agency Inc. has acquired New York-based Keenan Marine Insurance Agency LLC. Keenan Marine is a national specialty yacht insurance agency and has provided comprehensive solutions to yacht...
New York Fed Sells Last of Its AIG Assets, Ending Ties with Insurer
Aug 23 2012 // The Federal Reserve Bank of New York brought to a close another chapter in the government’s taxpayer-funded bailouts of 2008 with the sale of its remaining assets of insurer American International Group, the bank...
USI to Acquire TD Bank’s U.S. Insurance Subsidiary
Aug 23 2012 // USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., has agreed to acquire TD Insurance Inc., a wholly-owned U.S. subsidiary of TD Bank, N.A. The terms of the deal were not...
Digitial Insurance Acquires Knoxville’s First Benefit Partners
Aug 21 2012 // Atlanta-based employee benefit agency Digital Insurance has acquired First Benefit Partners in Knoxville, Tenn. Terms were not disclosed. First Benefit Partners’ principal, Matt Noe, is joining Digital’s...
