Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Conn.-based Research Firm MKM Partners Hires Insurance Analyst
Mar 28 2012 // MKM Partners, a research firm, appointed industry veteran Harry Fong as executive director in its equity research department to cover insurance companies. Fong is an experienced insurance analyst with strong corporate and...
K2 Acquires Majority Stake in Midwestern
Mar 27 2012 // San Diego, Calif.-based managing general agent K2 Insurance Services LLC has acquired a majority stake in Midwestern Insurance Alliance Inc., an MGA based in Louisville, Ky. that underwrites workers’ compensation...
CNA Inks Deal to Acquire Hardy Underwriting for $227 Million
Mar 22 2012 // Chicago-based CNA Financial Corporation and Hardy Underwriting Bermuda Limited announced that they have agreed to terms on a cash acquisition by CNA of all of the common shares of Hardy. “The acquisition is to be...
The Kirksey Agency Joins Louisiana Agency Partners
Mar 22 2012 // Louisiana Agency Partners (LAP) announced that The Kirksey Agency in West Monroe, La., has become the 12th member agency of the Louisiana-based network of independent insurance agencies. According to Joe Cunningham Jr.,...
Hartford Bows to Shareholder Paulson, Sells Most Life Insurance Units
Mar 21 2012 // The Hartford Financial Services Group yielded to demands from its biggest shareholder, famed hedge fund manager John Paulson, and said on Wednesday that it would get rid of most of its life insurance-related...
Massachusetts Lawyers, Judges Lobby for More Court Funding
Mar 21 2012 // Lawyers and judges warned lawmakers on Monday that budget constraints on the state’s judiciary are imperiling the delivery of justice and compromising security in its courts. Robert Mulligan, chief justice for...
Poms Acquires Stone, Harris & Stone in California
Mar 19 2012 // Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. acquired Stone, Harris & Stone, a division of Brown and Brown. Stone, Harris & Stone has provided commercial and personal insurance services...
A. J. Gallagher Acquires Canadian Broker BenefitLink Resource Group
Mar 19 2012 // Arthur J. Gallagher & Co. announced the acquisition of BenefitLink Resource Group, Inc., in Calgary, Canada. Terms of the transaction were not disclosed. The bulletin said BenefitLink was established in 2001, as an...
Vermont, FEMA Join Forces to Buy Out Flood-Prone Properties
Mar 16 2012 // Vermont and the Federal Emergency Management Agency are joining to put $19.8 million toward buying out properties that are prone to flooding. Gov. Peter Shumlin, U.S. Rep. Peter Welch and other officials traveled to...
Arthur J. Gallagher Acquires Human Resource Management Systems
Mar 15 2012 // Insurance broker Arthur J. Gallagher & Co. has acquired Human Resource Management Systems LLC in Naperville, Ill. Terms of the transaction were not disclosed. Established in 1997, Human Resource Management Systems...
Bell-Anderson in Washington Acquires Michael J. Girias
Mar 14 2012 // Washington-based Bell-Anderson Agency Inc. has acquired Michael J. Girias Insurance of Renton, Wash. This is Bell-Anderson’s third acquisition in the past 18 months. Terms of the deal were not...
Palomar Buys Martin Grace Benefit Group in Alabama
Mar 13 2012 // Palomar Insurance Corp, a Montgomery, Alabama-headquartered insurance brokerage, said it has acquired Martin Grace Benefit Group Inc. in Birmingham. Martin Grace is an employee benefit and insurance consulting firm. Tony...
Marsh & McLennan Agency Acquires KSPH in Virginia
Mar 13 2012 // Marsh & McLennan Agency, a unit of Marsh Inc. acquired KSPH, a $5 million revenue employee benefits agency in Glen Allen, Va. Launched in 2000, KSPH offers employee benefits and retirement plan services to middle...
Confie Seguros Acquires Power Auto in California
Mar 13 2012 // New York, N.Y.-based Confie Seguros, a national provider of personal lines insurance focused on Hispanic consumers, acquired Power Auto Insurance, a privately-owned Cerritos, Calif.-based firm specializing in auto...
Talbot, Abu Dhabi Insurer End Joint Venture; Continue Commitment
Mar 13 2012 // Talbot Underwriting, Ltd., a wholly owned subsidiary of Validus Holdings, and Abu Dhabi National Insurance Company (ADNIC), a prominent insurance company in the UAE, announced today that they are ceasing their Joint...
Penn. Encourages Consumers to Buy Flood Insurance as Spring Approaches
Mar 12 2012 // Pennsylvania insurance regulators are encouraging homeowners to consider buying flood insurance before the start of spring, citing the higher risk of severe flooding during warmer months. Pennsylvania is one of the most...
Arthur J. Gallagher Acquires Dallas-Based Wischmeyer Benefit Partners
Mar 9 2012 // Arthur J. Gallagher & Co. has acquired Wischmeyer Benefit Partners in Dallas, Texas. Terms of the transaction were not disclosed. Founded in 1988, Wischmeyer Benefit Partners (WBP) offers a wide range of employee...
Alleghany and Transatlantic Complete Merger
Mar 8 2012 // Global specialty insurer Alleghany Corporation and reinsurer Transatlantic Holdings announced this week the completion of their previously announced merger. With the closing of the transaction, Transatlantic is now an...
USI Acquires Illinois-Based Euclid Insurance Retail Business
Mar 8 2012 // USI Insurance Services (USI), headquartered in Briarcliff Manor, N.Y., has acquired the Euclid Insurance retail property/casualty and employee benefits division (Euclid Retail Business) from Euclid Insurance Services...
HSBC Sells General Insurance Business to AXA, QBE for $914 Million
Mar 7 2012 // HSBC has agreed to sell its general insurance businesses to French insurer AXA Group and Australia’s QBE Insurance Group for $914 million in cash, as Europe’s biggest bank moves ahead with its plan to divest...
