Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hartford Sells Individual Annuity Unit
Apr 27 2012 // Hartford Financial Services Group Inc said on Thursday it will sell its individual annuity operations to Forethought, a Houston-based financial services company. Terms were not disclosed, though Hartford said the deal was...
Canopius to Buy Lloyd’s Omega Insurance for $265 Million; Tower in Related Deal
Apr 26 2012 // Lloyds of London insurer Canopius said it has agreed to buy rival Lloyd’s insurer Omega after raising its offer to £164 million ($265.6 million) in a recommended cash deal. Canopius said on Wednesday it will pay 67...
Harleysville Policyholders Approve Merger With Nationwide
Apr 25 2012 // Harleysville Mutual Insurance Company said Wednesday that its policyholders as well as shareholders at its publicly traded subsidiary Harleysville Group Inc. voted to approve the proposed merger with Nationwide Mutual...
Argo Insurance Forms New Partnership for Watercraft Program
Apr 25 2012 // Argo Insurance, a member of Argo Group International Holdings, Ltd., will offer a private and pleasure watercraft program through its Commercial Programs unit in partnership with Osprey Special Risks Ltd., a global marine...
Neace Lukens Acquires Indiana’s Matrix Benefits and Consulting Group
Apr 25 2012 // Neace Lukens announced it has completed the acquisition of Matrix Benefits and Consulting Group, a Ft. Wayne, Indiana-based consulting firm. With Matrix’s focus on employee benefits, this acquisition will grow Neace...
Swiss Re Team Favored to Acquire Groupama’s Brokerage Unit – Sources
Apr 25 2012 // Swiss Re and its private equity partners Apax and PAI are in pole position to acquire Groupama’s GAN Eurocourtage [brokerage] unit for about €600 million ($793.2 million), people familiar with the situation...
Associated General Contractors of California, Zurich Partner on Program
Apr 23 2012 // The Associated General Contractors of California (AGC-CA) and Zurich have collaborated to provide insurance services for its members. Under the agreement, Zurich in North America will provide AGC-CA members with insurance...
Brown & Brown Acquires Assets of Moten Associates in Pennsylvania
Apr 20 2012 // Brown & Brown of Pennsylvania Inc., a subsidiary of Brown & Brown Inc., said it acquired assets of Moten Associates, an independent agency in Norristown, Penn. Founded in 1970, Moten Associates offers surety...
Texas Insurance Council Scholarship Funding Tops $500K
Apr 19 2012 // With its latest round of scholarships, the Insurance Council of Texas’ (ICT) annual funding for students enrolled in insurance and risk management classes in Texas universities has topped the half million dollar...
N.Y.-Based USI Buys Assets of Compass Insurance, Expands in Southwest
Apr 19 2012 // USI Insurance Services, an insurance brokerage firm headquartered in Briarcliff Manor, N.Y., acquired certain assets of BBVA Compass Insurance Agency, a unit of BBVA Compass, a financial holding company headquartered in...
Swiss Re Expands Foreign Coverages Through New Partnership
Apr 19 2012 // As part of its expansion into direct-selling insurance to the global company marketplace, Swiss Re has partnered with Royal Sun Alliance (RSA) to offer single carrier property insurance to mid and upper-middle size U.S....
Wholesale Broker AmWINS Agrees to $1.3 Billion Recapitalization with New Mountain
Apr 17 2012 // Wholesale insurance broker AmWINS Group Inc. announced today that its management and employee shareholders have agreed on a $1.3 billion recapitalization with private equity firm New Mountain Capital of New York. Other...
Fireman’s Fund Partners with Allianz to Expand Entertainment into Canada
Apr 12 2012 // Novato, Calif.-based Fireman’s Fund Insurance Co. in partnership with Allianz Global Corporate & Specialty have created an experienced underwriting team to further expand its entertainment division and...
NFP Property and Casualty Services Acquires Illinois’ Ameribonds Surety
Apr 11 2012 // National Financial Partners Corp. subsidiary, NFP Property and Casualty Services Inc. (NFP P&C), acquired Illinois-based Ameribonds Surety & Insurance Services (Ameribonds Surety), effective April 2, 2012, the...
Arthur J. Gallagher Acquires Louisiana’s Besselman & Little Agency
Apr 11 2012 // Arthur J. Gallagher & Co. has acquired Besselman & Little Agency of Baton Rouge, La. Terms of the transaction were not disclosed. Founded in 1986, Besselman & Little Agency offers a wide range of employee...
Arch Capital Completes Acquisition of Ariel Re’s Credit & Surety Reinsurance
Apr 11 2012 // The Bermuda-based Arch Capital Group announced that it has officially acquired Ariel Re’s Credit & Surety reinsurance operations based in Zurich, as previously announced. The closing occurred at the same time as...
Goldman Sachs Completes Acquisition of Ariel Re’s Bermuda Operations
Apr 11 2012 // The Goldman Sachs Group and Ariel Holdings Ltd announced that Ariel Holdings has completed the sale of Ariel Reinsurance’s Bermuda-based insurance and reinsurance operations to Goldman Sachs, pursuant to the...
J.M. Wilson Partners with The Iroquois Group
Apr 10 2012 // Portage, Mich.-based managing general agency, J.M. Wilson, has entered into a partnership with The Iroquois Group. J.M. Wilson and the retail agency network will collaborate to help their shared agencies gain access to a...
Worldwide Facilities Acquires N.Y.-based Wholesaler Privett
Apr 10 2012 // Worldwide Facilities, a Los Angeles-based independent surplus-lines broker and managing general agency, acquired assets of Privett Special Risk Services, a New York City-based wholesaler. Privett Special Risk Services was...
CRC’s CEO Hopes to Create ‘Best of the Best’ With Crump Merger
Apr 9 2012 // The recent acquisition of Roseland, N.J.-based insurance wholesaler Crump Group by BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., created one of the largest providers of wholesale...
