Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
NFIB, Texas Mutual Partnership Pays $267K Dividend
Jan 23 2012 // Texas Mutual Insurance Company announced a $267,364 workers’ compensation dividend to the National Federation of Independent Business (NFIB) wholesale/retail safety group. The dividend was based largely on the safety...
Report: Liberty Mutual Failed in Bid to Buy Harleysville
Jan 23 2012 // It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last...
M&A Uptick in 2012
Jan 23 2012 // The insurance industry is likely to see more robust mergers and-acquisitions activity in 2012, according to a New York investment and research firm. In 2011, the M&A deal volume started off relatively slowly, followed...
Fairfax to Acquire 25% Stake in Thai Re
Jan 20 2012 // Fairfax Financial Holdings Limited announced that it has agreed to acquire approximately 25 percent of the issued and outstanding shares of Thai reinsurer, Thai Reinsurance Public Company Limited, for approximately US$70...
Arthur J. Gallagher Acquires South Carolina’s Riley & Associates
Jan 19 2012 // Arthur J. Gallagher & Co. said it has acquired Riley & Associates Inc. in Mt. Pleasant, South Carolina. Terms of the transaction were not disclosed. Riley & Associates Inc. is a retail insurance broker with...
Ventura Partners Acquires Barlocker, Forms Coastal States
Jan 19 2012 // Ventura Partners BHR, LP which has acquired the assets from Barlocker Insurance Services of Ventura, Calif. Terms of the acquisition were not disclosed. Barlocker Insurance Services was formally affiliated with the Leavitt...
PartnerRe Estimates Thai Flood Losses at $120 Million
Jan 18 2012 // Bermuda-based PartnerRe Ltd. announced that it “expects to record a charge of approximately $120 million, pre-tax and net of retrocession and reinstatement premiums, in its fourth quarter 2011 results related to the...
IMAC Acquires Chicago-based Specialty Service Solutions
Jan 17 2012 // Randolph, Mass.-based International Marketing and Administration Company (IMAC) purchased Specialty Service Solutions LLC, an insurance brokerage headquartered in Chicago. Specialty Service Solutions provides access to...
Virginia Gets $19M in Federal Funding to Fix Storm-Damaged Roads
Jan 13 2012 // Virginia is getting more than $19 million in federal funding to repair roads and bridges damaged by Hurricane Irene and Tropical Storm Lee. U.S. Transportation Secretary Ray LaHood announced the funding from the Federal...
Direct-Link Acquires Southern California Firm Cumbre
Jan 12 2012 // Direct-Link Holding Group LLC has acquired Cumbre Insurance Services’ commercial insurance division in Ontario, Calif. Cumbre Inc. operates both a commercial insurance and public entity division. Cumbre’s...
R-T Specialty Acquires Texas Insurance Wholesaler Maclean, Oddy & Associates
Jan 12 2012 // R-T Specialty LLC, the wholesale broker of Ryan Specialty Group LLC, has acquired Texas-based insurance wholesale firm Maclean, Oddy & Associates Inc. (MOA). MOA is a specialist broker for unusual property and casualty...
PSA Acquires Baltimore Office of Edgewood Partners Insurance Center
Jan 11 2012 // PSA Insurance & Financial Services acquired the Baltimore office of San Mateo, Calif.-based Edgewood Partners Insurance Center (EPIC), a provider of risk management and insurance services. Insurance veteran Craig...
Digital Insurance Buys Va.-based Strategic Employee Benefits Services
Jan 11 2012 // Digital Insurance, an employee benefits agency in Atlanta, acquired Strategic Employee Benefits Services (SEBS) of Virginia. SEBS, which has offices in Richmond, Charlottesville and Roanoke, will now operate under the...
Ascension Insurance Acquires Third North Carolina Agency
Jan 11 2012 // Ascension Insurance is expanding in North Carolina with its third agency acquisition in the state in the past three years. Ascension’s most recent acquisition is Falcone Williams Insurance, located in Huntersville,...
State Funding Cuts Hurt Texas Volunteer Fire Departments
Jan 11 2012 // A combination of record drought, epic wildfires, hard economic times and slashed state funding has put added stress on volunteer fire departments in Texas. Chris Barron, executive director of the State Firemen’s and...
UPA Insurance Brokers in Northern California Acquired by Risk Strategies
Jan 11 2012 // Millbrae, Calif.-based UPA Insurance Brokers has been acquired by Risk Strategies Co., a national insurance brokerage and risk management firm headquartered in Boston. The acquisition was announced on Wednesday. Terms of...
Bolton & Company Acquires Pacific General Insurance Services
Jan 10 2012 // Pasadena, Calif.-based Bolton & Company has acquired Pacific General Insurance Services, an independent insurance agency providing insurance services in the San Gabriel Valley area. As part of the transaction, Pacific...
Swett & Crawford Acquires Missouri-based Aviation Program Manager
Jan 9 2012 // Wholesale insurance intermediary, Swett & Crawford, announced it has acquired The ABC Program, an underwriting facility based in St. Louis, Mo., from AHM Financial Group LLC. The ABC (Aviation Based Coverage) Program...
Texas Insurer Acquires Florida’s Physicians Insurance
Jan 9 2012 // The Texas Medical Liability Trust has acquired the Florida-based Physicians Insurance Co. The Deerfield Beach, Florida-based Physicians Insurance has been operating in the state since 2003. According to a 2011 Office of...
Neace Lukens Acquires Kentucky’s Berryman Agency
Jan 9 2012 // Louisville-based insurance agency Neace Lukens is expanding its presence in Kentucky by buying the Berryman Insurance Agency. The Hartford, Kentucky-based Berryman Agency was founded in 1937 and its current owners date...
