Latest Mergers & Acquisitions Headlines

All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.

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...

Risk Analysis Firm IHS Completes 3 Acquisitions For A Total Of $45M

Mar 6 2012 // Englewood, Colo.–based risk analysis company IHS Inc. has completed three acquisitions for a total of about $45 million. The buyouts include Displaybank, which provides market research and consulting services for the...

Markel International Acquires UK Managing Agent Quay Underwriting

Mar 6 2012 // Markel International announced from its London headquarters that it has acquired the portfolio of business of Quay Underwriting (QU), a managing agent based in Dorset. Markel said QU “provides a wide range of...

Arch Capital to Acquire Ariel Re’s Credit & Surety Reinsurance Operations

Mar 5 2012 // The selloff of various parts of Ariel Re continues, as Arch Capital announced that it will acquire Ariel Re’s Credit & Surety reinsurance operations based in Zurich. The news follows an earlier announcement that...

M&A Uptick Predicted

Mar 5 2012 // The insurance industry is likely to see more robust mergers-and-acquisitions activity in 2012, according to a New York investment firm. In 2011, the M&A deal volume started off relatively slowly, followed by a notable...

AIG Sells $500 Million Stake in Blackstone

Mar 4 2012 // Bailed-out insurer American International Group Inc. sold its entire $500 million stake in private equity firm Blackstone Group LP on Friday, according to a source familiar with the situation. AIG, which became majority...

Goldman Sachs Acquiring Ariel Re Bermuda Operations

Mar 2 2012 // Goldman Sachs Group said it is acquiring Ariel Reinsurance’s Bermuda-based insurance and reinsurance operations, which it will combine with its existing business underwritten through Lloyd’s Syndicate 1910. The...

Taxpayers See Gain As New York Fed Sells Last of AIG Bailout Bonds

Feb 29 2012 // The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of American International Group Inc. The sale to a unit of Credit Suisse Group AG means...

Willis Peru Sells 49.9% Stake to Credicorp in Partnership Move

Feb 27 2012 // Willis Europe BV, a subsidiary of global insurance broker, Willis Group Holdings plc, and Peruvian financial services group Credicorp Ltd, announced that, on February 24, 2012, Grupo Credito, a subsidiary of Credicorp,...

Apheta, O’Riordan Announce Strategic National Partnership

Feb 27 2012 // San Diego, Calif.-based O’Riordan and Associates, a strategic financial planning and insurance firm, announced it has merged with Apheta, a financial and insurance planning firm. Michael O’Riordan, founder and...