Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Ascension Acquires Modern Services Insurance in Atlanta
Aug 16 2012 // Atlanta-based Ascension Insurance Inc. has acquired Modern Services Insurance Agency, also in Atlanta. Modern Services Insurance Agency specializes in risk management and insurance for non-profit firms, as well as churches...
Arthur J. Gallagher & Co. Acquires Texas-Based Sunday and Associates
Aug 16 2012 // Illinois-based Arthur J. Gallagher & Co. announced the acquisition of Sunday and Associates Inc. of Sugarland, Texas. . Established in 1982, Sunday and Associates offers employee benefits consulting and insurance...
Chartis Introduces Network Security Product for Assurex Global Partners
Aug 15 2012 // Chartis and the partners of Assurex Global have formed an arrangement to offer their clients a customized network security and privacy insurance product. Chartis insurers will offer a suite of tailored coverage...
Ebix Acquires Online Insurance Tech Provider TriSystems
Aug 15 2012 // Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London-based TriSystems Ltd., an online insurance trading hub that facilitates...
N.Y.-Based Broker Sterling & Sterling, Hyde Agency Form Joint Venture
Aug 10 2012 // Sterling & Sterling Inc. an insurance broker based in Woodbury, N.Y., and The Hyde Agency, a specialty surety bond broker in New York City, are forming a joint venture under the name SterlingHyde Group. This new...
Integro Buys UK Media Insurance Broker
Aug 9 2012 // New York-based Integro Insurance Brokers has acquired Allan Chapman & James Insurance Brokers Limited of Colchester, a United Kingdom insurance broker. Established in 1988, Allan Chapman & James specializes in...
Maine-Based Cross Insurance Forms Partnership With Kraft Sports Group
Aug 8 2012 // The Kraft Sports Group in Massachusetts said this week it has named Cross Insurance, a subsidiary of Bangor, Maine-based Cross Financial Corp., as its official insurance brokerage firm.Under the deal, Cross Insurance will...
Physicians Insurance Acquires EMPAC/SCRUBS
Aug 6 2012 // Seattle, Wash.-based Physicians Insurance A Mutual Company has acquired Emergency Medicine Professional Assurance Co. (EMPAC) and SCRUBS risk retention group management companies. Through this acquisition Physicians...
Confie Seguros Acquires Stonewood in California
Aug 6 2012 // Confie Seguros has acquired Stonewood Insurance Services Inc., an agency that specializes in writing California non-standard personal automobile coverage. Stonewood, a general agency formed in 200, is led by Presidetn...
Best Sees No Change In Tower Group Ratings from Canopius Merger
Aug 6 2012 // A.M. Best Co. has commented that the issuer credit rating (ICR) and debt ratings of Tower Group, Inc. (TWGP), as well as the financial strength rating and ICRs of its insurance subsidiaries are unchanged. Best made the...
MetLife Acquires Georgia’s Reynolds Plantation
Aug 2 2012 // MetLife has acquired one of Georgia’s largest resort and golf communities. The insurer has acquired Reynolds Plantation that includes The Ritz-Carlton Lodge, six golf courses, four marina, and nearly 5,000 acres of...
AIG’s SunAmerica to Acquire Woodbury Financial Services from The Hartford
Aug 1 2012 // American International Group announced that its life and retirement business, SunAmerica Financial Group, Inc., has signed a definitive agreement with The Hartford Financial Services Group Inc. to acquire Woodbury...
Earnings Reports: PartnerRe, Greenlight Re
Jul 31 2012 // Selected earnings highlights from Bermuda-based PartnerRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.16324 bn $1.18205...
Arthur J. Gallagher & Co. Acquires Grace/Mayer Insurance Agency
Jul 31 2012 // Arthur J. Gallagher & Co. announced the acquisition of Grace/Mayer Insurance Agency Inc. in Omaha, Neb. Founded in 1917, Grace/Mayer Insurance Agencyis a retail insurance broker providing property/casualty, employee...
Growth Through Acquisitions Highlight Quarter for 2 CAA Member Agencies
Jul 27 2012 // Combined Agents of America LLC (CAA) announced that two member agencies — Duncan, Fraser & Bridges Insurance Agency Inc. (DFB) and Pinnacle Insurance Group Inc. — have grown through recent acquisitions totaling...
Digital Insurance Acquires DSG Benefits Group in Dallas
Jul 27 2012 // Employee benefits-only agency, Digital Insurance, has acquired DSG Benefits Group in Dallas. The acquisition marks the company’s debut in the Texas market. The Dallas firm now operates under the banner of Digital...
Bankrupt Dewey Law Firm Pitches New Deal to Ex-Partners
Jul 27 2012 // Bankrupt law firm Dewey & LeBoeuf revised its settlement offer to former partners on Thursday, dropping its potential recovery to $90.4 million from $103.6 million. The estate is seeking the money from the former...
USI Insurance Services Acquires Kelly Insurance Brokerage in New York
Jul 24 2012 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed its acquisition of New York-based Kelly Insurance Brokerage Inc. Terms of the transaction were not...
FEMA Backing Away From Vermont Funding Assurance
Jul 23 2012 // A top state official stunned lawmakers last Friday with the announcement that the Federal Emergency Management Agency apparently was backing away from funding assurances to help replace the Vermont State Hospital and...
Maine-Based Insurance Firm Buys Naming Rights to New Bangor Arena
Jul 23 2012 // The City of Bangor, Maine, announced last Friday that its new 8,000-seat multi-purpose sports and entertainment venue currently under construction will be named the Cross Insurance Center as a result of a new, long-term...
