Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
North Carolina’s Strickland Acquires Carolina Insurance Services
Dec 8 2011 // Strickland Insurance Brokers said it has acquired Carolina Insurance Service Inc. Carolina Insurance is a managing general agent that serves agents in North Carolina, South Carolina and Virginia. The company is based in...
Risk Strategies Company in Boston Acquires Global Insurance Network
Dec 8 2011 // Risk Strategies Company, a brokerage and risk management firm headquartered in Boston, acquired Global Insurance Network, an independent insurance agency in Needham, Mass. As part of the transaction, Global Insurance...
Markel to Acquire Program Administrator Thomco
Dec 7 2011 // Richmond, Virginia-based specialty insurer Markel Corp. is acquiring Thompson Insurance Enterprises, a national program administrator that does business as Thomco. Headquartered in Kennesaw, Georgia, Thomco manages 20...
Great American Insurance Acquires 2 Texas Workers’ Comp Firms
Dec 6 2011 // Great American Insurance Group, headquartered in Cincinnati, Ohio, announced it is acquiring Dallas, Texas-based Employers Comp Associates Inc. (ECA) and Freeman Administrative Solutions Inc. (FAS). ECA and FAS were...
TWFG Buys Heartland Marketing Group
Dec 6 2011 // The Woodlands Financial Group (TWFG) a large privately held insurance organization headquartered in The Woodlands, Texas, announced it has acquired Texans CUSO Insurance Group LLC dba Heartland Marketing Group. Heartland...
Torus Acquires Renewals of C.V. Starr for Continental Europe; Interview with Int’l. CEO O’Donohoe
Dec 5 2011 // Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine,...
Bank of India to Buy 51% of Bharti AXA Asset Manager
Dec 5 2011 // State-run Bank of India said late on Saturday it would buy 51 percent of Indian asset manager Bharti AXA Investment Managers Pvt Ltd from the firm’s two joint venture partners. Bharti AXA Investment Managers is a...
Bell-Anderson in Washington Acquires Cornelius Insurance
Dec 2 2011 // Renton, Wash.-based Insurance provider Bell-Anderson Agency Inc. has acquired Cornelius Insurance of Newman Lake, Wash. Cornelius’ owner, Rick Cornelius, joins the agency’s growing presence in the Spokane...
Investment Firm AssuredPartners Acquires N.Y.-based Agency SKCG Group
Dec 2 2011 // AssuredPartners, a portfolio company of Chicago-based private equity firm GTCR, has purchased SKCG Group, a White Plains, N.Y.-based agency. The company said the SKCG acquisition provides a strategic asset and an...
Penn.-based Broker KMRD Partners Acquires General InsurCorp
Dec 2 2011 // KMRD Partners, a Warrington, Penn.-based risk management consulting firm and property/casualty insurance broker, has acquired assets of General InsurCorp. Based in West Chester, Penn., General InsurCorp has been operating...
Thomas Becomes Partner in RSI
Dec 1 2011 // Bill Thomas has partnered with Ben Thomas and Barry Rabune of Costa Mesa, Calif.-based of RSI Insurance Brokers, a property and casualty insurance company that focuses on the transportation industry. RSI recently expanded,...
ACE Completes $107M Acquisition of Agribusiness Insurer Penn Millers
Dec 1 2011 // ACE Limited announced on Wednesday that it has completed its acquisition of Penn Millers Holding Corp. for approximately $107 million in cash. The two companies first announced the deal in September. Penn Millers...
Confie Seguros Acquires Houston’s Auto Insurance Discounters
Dec 1 2011 // Confie Seguros, a national provider of insurance with an emphasis on serving Hispanic consumers, has expanded its operations in Texas with the acquisition of Auto Insurance Discounters Inc., an insurance brokerage...
Genstar Completes Acquisition of Insurity from LexisNexis
Dec 1 2011 // Genstar Capital LLC has completed its previously announced acquisition of Insurity, the former LexisNexis Insurance Software Solutions business, a provider of software and services to the property/casualty insurance...
N.Y.-based USI Insurance Acquires Barros International
Nov 29 2011 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed the acquisition of Barros International. Barros is a Reston, Va.-based employee benefits brokerage firm...
Validus Ends Transatlantic Takeover Bid
Nov 28 2011 // Reinsurer Validus Holdings Monday withdrew its offer for peer Transatlantic Holdings, ending a months-long hostile takeover battle. Validus, which has a history of hostile bids for other reinsurers, launched its offer in...
India’s Bharti, Reliance End Talks on Insurance Joint Ventures Deal
Nov 28 2011 // Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France’s AXA, the two Indian companies said on Friday. Reliance said the...
Ironshore Australia Launches M&A Product Suite
Nov 23 2011 // Ironshore Australia has established a merger and acquisition suite of products that will be available throughout the Asia Pacific region. The package will include coverage for buyers, sellers, taxes and environmental...
Merger, Acquisition Activity Remains Muted in 3Q
Nov 23 2011 // Financial market volatility and a difficult operating environment continued to stifle mergers and acquisitions activity for the property/casualty insurance industry during the third quarter of 2011, according to a new...
Transatlantic Agrees to be Acquired by Alleghany for $3.4B
Nov 21 2011 // Transatlantic Holdings Inc., a reinsurer which has been at the center of a buyout battle, has now agreed to be acquired by Alleghany Corp. The cash-and-stock deal is valued at around $3.4 billion. The announced deal could...
