Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Insurance Exchange Ebix Acquires PlanetSoft for $40 Million
Jun 5 2012 // Atlanta-based insurance software and e-commerce supplier Ebix said it has agreed to buy life insurance and annuity services provider PlanetSoft Inc. for $40 million. Ebix said the acquisition is expected to be immediately...
Applied Systems Acquires Canada’s Compu-Quote
Jun 5 2012 // Insurance software firm Applied Systems Inc. has acquired Compu-Quote Inc., a Canadian comparative insurance rating company. “The acquisition of Compu-Quote establishes Applied Systems as the leading provider of...
USI Acquires Georgia’s Impact Benefit Management Services
May 31 2012 // New York-based insurance broker USI Insurance Services has acquired Impact Benefit Management Services, LLC of Roswell, Georgia. USI said the acquisition is expected to contribute approximately $2.5 million in revenues an...
Southport Lane to Acquire Dallas National Insurance Co.
May 31 2012 // Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance Co., a Texas based property and casualty insurer. Dallas National, a subsidiary of...
Wells Fargo Looking to Buy Insurance Brokers: CEO
May 31 2012 // Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, its chief executive said on Thursday. “I love the insurance distribution...
Neace Lukens Acquires South Carolina Broker
May 31 2012 // Louisville, Kentucky-based Neace Lukens is continuing its expansion by acquiring the independent risk management and insurance broker, First Carolina Risk Management Advisors. The Charleston, S.C.-based First Carolina...
