Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
USI Insurance Services Acquires Assets of National Insurance Specialists
May 10 2012 // USI Insurance Services announced it has closed on the acquisition of certain assets of Toledo, Ohio-based National Insurance Specialists (NIS). The acquisition is expected to contribute approximately $1.6 million in...
Vanliner Partners with Agents Association on Moving, Storage Agents Program
May 9 2012 // Vanliner Insurance Co., an insurer in the moving and storage industry, introduced a new affinity program developed for moving agents affiliated with the Allied Agents Association (AAA). The AAA program is Vanliner’s...
Hilltop Holdings, PlainsCapital Corp. Sign Merger Agreement
May 9 2012 // Hilltop Holdings Inc. a Dallas-based holding company that through a subsidiary provides fire and homeowners insurance to low value dwellings and manufactured homes, and Dallas-based PlainsCapital Corp., the financial...
Insurance Broker Confie Seguros Acquires 6 Agencies
May 9 2012 // Confie Seguros, a personal lines insurance brokerage network focused on Hispanic consumers, said it has completed the acquisition of six insurance agencies, further expanding its national insurance distribution. The...
A.J. Gallagher Acquires Majority Interest in UK’s Insurance Dialogue Limited
May 9 2012 // Arthur J. Gallagher & Co. announced that it has acquired a 78.5 percent interest in Insurance Dialogue Limited (IDL) of Bournemouth, England. Terms of the transaction were not disclosed. Gallagher explained that IDL,...
Oak Street Funding, OPTIS Partners Form Strategic Partnership
May 8 2012 // Oak Street Funding, headquartered in Carmel, Ind., announced a new strategic partnership with Chicago-based OPTIS Partners LLC. OPTIS Partners is a small group of insurance and finance professionals with extensive...
Neace Lukens Acquires Kentucky’s Morehead Insurance
May 7 2012 // Louisville, Kentucky-based Neace Lukens, an AssuredPartners, Inc. company, has completed the acquisition of Morehead Insurance, a Scottsville, Kentucky-based independent insurance agency. Located near Bowling Green,...
N.Y.-Based Alleghany Acquires Stake in Manufacturing Firm Bourn & Koch
May 4 2012 // New York-based global specialty insurer Alleghany Corporation said its investment management unit acquired a majority stake in manufacturing firm Bourn & Koch. Terms of the transaction were not disclosed. Alleghany,...
Flexpoint Ford Agrees to Acquire GeoVera From Hellman & Friedman
May 2 2012 // Chicago, Ill.-based Flexpoint Ford LLC, a private equity firm focused on the financial services and healthcare sectors, announced its affiliates have signed a definitive agreement to acquire Fairfield, Calif.-based GeoVera...
Arthur J. Gallagher Acquires Schiff, Kreidler-Shell
May 2 2012 // Itasca, Ill.-based Arthur J. Gallagher & Co. acquired Schiff, Kreidler-Shell Insurance and Risk Services headquartered in Cincinnati, Ohio. Terms of the deal were not disclosed. Schiff, Kreidler-Shell Insurance and...
Earnings Report: PartnerRe
May 2 2012 // Selected earnings highlights from PartnerRe for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $1.567 bn $1.557 bn Net premiums written...
Nationwide Mutual Completes Harleysville Merger
May 1 2012 // Nationwide Mutual Insurance Co. said that the company completed its previously announced $834 million merger deal with Harleysville Mutual Insurance Co. The deal was first announced in September 2011. Nationwide Mutual...
Mississippi Wind Pool Buys $815 Million in Reinsurance
May 1 2012 // Mississippi’s insurer of last resort has bought $815 million in reinsurance for the coming storm season. The Mississippi Windstorm Underwriting Association isn’t releasing the exact cost to protect future...
Kansas Senate Panel Considers Disaster Funding
Apr 30 2012 // Kansas legislators have begun work on a bill that would create a special fund to cover the state’s share of disaster assistance. Maj. Gen. Lee Tafanelli, the Kansas adjutant general, testified before the Senate...
CNA Announces Approval from Hardy Shareholders for Acquisition
Apr 30 2012 // CNA Financial Corporation announced that Hardy Underwriting Bermuda Limited shareholders have voted to approve CNA’s proposed acquisition of Hardy, announced in March. The acquisition is expected to close by the end...
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...
