Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Italy Regulators Conditionally Approve Unipol – Fondiaria-SAI Merger
Jun 21 2012 // Italy’s antitrust and insurance regulators have given conditional clearance for a plan by insurer Unipol to take over its loss-making peer Fondiaria-SAI, removing most of the regulatory hurdles hanging over the deal...
Arthur J. Gallagher Acquires Alabama’s Whitehaven Insurance
Jun 20 2012 // Illinois-based global insurance broker Arthur J. Gallagher & Co. has acquired Whitehaven Insurance Group, Inc. in Gulf Shores, Alabama. Terms of the transaction were not disclosed. Founded in 1994, Whitehaven Insurance...
AIA Endorses Invitation to Mexico to Join Trans-Pacific Partnership
Jun 20 2012 // David F. Snyder, vice president and associate general counsel at the American Insurance Association, has issued a statement endorsing Mexico’s invitation to join the Trans-Pacific Partnership (TPP). The proposed...
RiskMeter.com Partners With BuildFax to Offer Roof Age Reports to Carriers
Jun 20 2012 // RiskMeter Online, a provider of real-time natural hazard risk reports, is now offering an enhanced product in conjunction with BuildFax, the creator of the first and only database of historical building permit data....
Fairfax Runoff Sub RiverStone to Acquire All Shares of Brit Insurance Ltd.
Jun 19 2012 // The Netherlands-based Brit Group and Canada’s Fairfax Financial Holdings Limited have announced that RiverStone, Fairfax’ runoff subsidiary, has entered into an agreement with Brit to purchase all of the...
StoneHill Reinsurance Partners Formed in Minnesota
Jun 18 2012 // Dan Koshiol, a 15-year veteran of major reinsurance brokerage firms, announced the formation of StoneHill Reinsurance Partners LLC. The company is based in Bloomington, Minn. Koshiol serves as president and chief executive...
Wells Fargo Looking to Buy Insurance Brokers, CEO Says
Jun 18 2012 // Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, according to its chief executive. “I love the insurance distribution...
Last Loans Used to Buy AIG, Bear Stearns Assets Repaid: Fed Reserve
Jun 15 2012 // The Federal Reserve Bank of New York said on Thursday the last of its loans made to acquire risky assets from AIG and Bear Stearns during the financial crisis have been paid off with interest. The Fed bank acquired the...
Ex-Partner Sues Dewey, Says Law Firm Was Ponzi Scheme
Jun 14 2012 // A former partner at Dewey & LeBoeuf has sued a group of the law firm’s ex-leaders for fraud, saying they ran the now-bankrupt firm as a Ponzi scheme to benefit themselves. Henry Bunsow, an intellectual property...
Southport Lane Acquires Redwood Reinsurance
Jun 14 2012 // Southport Lane, a New York-based private equity firm, has acquired Redwood Reinsurance SPC, Ltd., a Cayman Islands-based reinsurer that provides treaty reinsurance for workers compensation and general liability insurance...
USI Acquires Lynch, Beretta and Bucci Insurance in Rhode Island
Jun 13 2012 // USI Insurance Services completed the acquisition of Lynch, Beretta and Bucci Insurance, a Pawtucket, R.I.-based P/C insurance agency that specializes in a wide range of personal lines, commercial lines and specialty...
Lexon Buys Florida’s Peninsular Surety
Jun 13 2012 // Lexon Insurance Co. in Hermitage, Tennessee, has agreed to a acquire all shares of Peninsular Surety Co. in Naples, Fla. Pending expectant regulatory approval by the state of Florida, Peninsular will become a wholly owned...
ACE to Acquire Indonesian General Insurer Asuransi Jaya Proteksi
Jun 13 2012 // ACE Limited announced that the company and its local partner have reached a definitive agreement to acquire PT Asuransi Jaya Proteksi (JaPro) in Indonesia for approximately $130 million in cash. JaPro was established in...
Hylant Group Acquires AGIS
Jun 12 2012 // Toledo, Ohio-based privately owned insurance brokerage firm, Hylant Group, has acquired AGIS, an independent, full-service employee benefits agency with offices in Birmingham, Mich., and Orlando and Jacksonville, Fla. The...
Arthur J. Gallagher & Co. Acquires Broker Benefit Services
Jun 8 2012 // Arthur J. Gallagher & Co. has acquired Broker Benefit Services L.L.C. in Chesterfield, Mo. Terms of the transaction were not disclosed. Founded in 2001, Broker Benefit Services offers employee benefit brokerage and...
AmWINS Group Completes Recapitalization Deal
Jun 8 2012 // AmWINS Group Inc., based in Charlotte, N.C., has completed its recapitalization with the private equity firm New Mountain Capital of New York. As announced on April 17, 2012, the wholesale insurance broker reported that...
Marsh & McLennan Agency Acquires Progressive Benefit Solutions
Jun 8 2012 // Marsh & McLennan Agency LLC (MMA), a subsidiary of broker Marsh Inc., acquired Progressive Benefit Solutions (PBS), a $5 million revenue employee benefits agency based in Raleigh, North Carolina. Terms of the...
Stahlka Agency Acquires Historic Square Agency’s Western N.Y. Practice
Jun 7 2012 // Stahlka Agency, an independent insurance agency and member of the EMS Group, based in Williamsville, N.Y., acquired the Western New York practice of Erie, Penn.-based Historic Square Insurance Agency. Terms of the...
Arthur J. Gallagher & Co. Acquires Grossman & Associates
Jun 7 2012 // Arthur J. Gallagher & Co. has acquired Grossman & Associates Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed. Founded in 1980, Grossman & Associates is an employee benefits broker and...
RSA Acquires Quebec Insurer L’Union Canadienne
Jun 6 2012 // RSA announced that it has acquired L’Union Canadienne, Compagnie d’Assurances from Co-operators General Insurance Company, subject to regulatory approval. “L’Union Canadienne is the third largest...
