Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
New London Broker Q360 Launched in Partnership with Tawa
Feb 23 2012 // A new London-based broker, Q360, has been launched with Tawa providing the capital backing. Q360 Ltd will initially operate within the business sectors of onshore energy, property, binding authorities, professional...
ING to Sell 3 Asia Joint Ventures Separately from Other Assets
Feb 23 2012 // ING Groep NV is planning to sell its three Asian insurance joint ventures separately from its other Asia assets so that the overall sale is not held up by negotiations with partners, two sources with direct knowledge of...
N.Y.-based USI Insurance Services Acquires The Pinnacle Group
Feb 22 2012 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., acquired most of the assets of The Pinnacle Group. Based in Virginia Beach, Va., Pinnacle is a full-service employee...
Starr Cos. Hires ING Group Exec to Lead Starr Strategic Partners
Feb 22 2012 // Starr Companies appointed X. Rick Niu as senior managing director of Starr Strategic Partners, a newly formed division dedicated to serving the insurance and investment needs of Asian and other emerging market companies...
Midwest Farmers Urged to Buy Crop Insurance Due to Dry Weather
Feb 22 2012 // A relatively snow-free winter in the Upper Midwest has some officials worried about damage to agriculture if the dry weather persists into spring planting. Minnesota’s agriculture and commerce commissioners, Dave...
Arthur J. Gallagher Buys Louisiana MGA, First Premium
Feb 21 2012 // Global insurance broker Arthur J. Gallagher & Co. has acquired First Premium Insurance Group, Inc. in Covington, Louisiana. Terms of the transaction were not disclosed. Established in 1973, First Premium is a managing...
Allied World U.S. Creates Mergers & Acquisitions Division
Feb 21 2012 // Allied World U.S. has expanded its professional lines operations through the launch of a new mergers and acquisitions division that will be headed up by Jeff Anderson, vice president, in the company’s New York...
Videofied Rebuilds Alarm/Police/Insurance Partnership With 70% Arrest Rates
Feb 21 2012 // Minneapolis, MN, 02/21/12 – The NICB (National Insurance Crime Bureau) and the National Sheriffs Assn. describe how Priority Response delivers value to insurers in a 6 minute webcast in Insurance Journal complete with...
Mass.-based Enservio Acquires Insurers World
Feb 17 2012 // Enservio, a Needham, Mass.-based provider of property insurance analytics, affinity marketing and claims solutions, is acquiring Insurers World, a provider of inventory transcriptions and evaluation services for claims,...
Utah-based Veracity Acquires Stratus
Feb 16 2012 // Pleasant Grove, Utah-based Veracity Insurance Solutions LLC has acquired Stratus Insurance Services Inc. Of particular interest to Veracity was Stratus’s collective experience in program management. The Stratus team...
Town & Country Insurance Agency Completes Whittington Acquisition
Feb 15 2012 // Houston-based Town & Country Insurance Agency Inc., a subsidiary of Encore Bancshares Inc. and an affiliate of Encore Bank N.A., has completed its acquisition of Whittington Insurance Agency. Whittington Insurance...
Arthur J. Gallagher & Co. Acquires ProSource Financial
Feb 10 2012 // Arthur J. Gallagher & Co. has acquired ProSource Financial LLC in Westchester, Ill. Terms of the transaction were not disclosed. Founded in 1986, ProSource Financial LLC is an employee benefit insurance broker that...
Neace Lukens Acquires Indiana’s Jenkins Insurance Services
Feb 10 2012 // Neace Lukens, an AssuredPartners Inc. company, has acquired Jenkins Insurance Services, a Sellersburg, Ind.-based employee benefits insurance firm. Mike Jenkins will join Neace Lukens’ New Albany office and will...
Companies Partner to Offer New Elevator Insurance Program
Feb 9 2012 // JM Associates/Burnham + Company, a division of Hub International Northeast, announced today that The Hartford will now be the general liability carrier for its national elevator program. The new product will provide...
Oklahoma Public Safety Officials Seek More Funding
Feb 9 2012 // Following three years of budget cuts, Oklahoma’s public safety officials told lawmakers their budgets need a boost to restore workforce levels and replace antiquated facilities and equipment. The heads of...
Florida’s Agency Harbor Acquires Fidelity Insurance Associates
Feb 9 2012 // Harbor Insurance Agency as part of its plan to expand its market has purchased Fidelity Insurance Association. Both agencies are located in Naples, Fl., and service the surrounding areas of Bonita Springs, Marco Island,...
Arthur J. Gallagher Acquires Louisiana’s Detlefs Johnson & Partners
Feb 8 2012 // Insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired of Detlefs Johnson & Partners located in Baton Rouge, La. Terms of the transaction were not disclosed. With operations...
Alleghany, Transatlantic Shareholders Approve Merger Agreement
Feb 6 2012 // Alleghany Corp. said its stockholders voted on Monday to approve the previously announced merger agreement with Transatlantic Holdings. Under the deal, as described in the merger agreement between Alleghany and...
The Buckner Co. Acquires Leonardson Insurance in Idaho
Feb 6 2012 // Salt Lake City, Utah-based The Buckner Co. on Monday announced it is expanding operations Idaho with the acquisition of Leonardson Insurance in Rexburg, Idaho. The Buckner Co.’s Rexburg office, at 1109 Summers Drive,...
Fed Sells $7B of Mortgage Securities From AIG Bailout
Feb 6 2012 // The Federal Reserve Bank of New York recently sold $7.01 billion worth of mortgage-backed securities it had assumed from AIG, as the U.S. government continues to recoup its money from its bailout of the insurer. The...
