Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
U.S. Wholesale Broker AmWINS Completes Acquisition of London’s THB
Jan 26 2012 // U.S. insurance wholesaler AmWINS Group, Inc. has completed its previously announced acquisition of THB Group plc of London. THB, an independent insurance and reinsurance broker and risk management business, serves clients...
Oak Street Funding Adds Gray as Chief Financial Officer
Jan 25 2012 // Carmel, Ind.-based Oak Street Funding has appointed W. Todd Gray as chief financial officer. Gray will lead the finance and underwriting groups at Oak Street Funding and will assist with strategic partnerships and...
Best Places PartnerRe and Operating Subs Ratings on Review/Negative
Jan 24 2012 // A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Bermuda-based Partner Reinsurance...
Willis North America Appoints Monat to M&A Leadership Position
Jan 24 2012 // Willis North America, a unit of Willis Group Holdings, the global insurance broker with operations in Chicago, has appointed William “Bill” Monat as senior placement specialist, transactional solutions...
AssuredPartners Acquires Ohio’s Dawson Companies
Jan 24 2012 // AssuredPartners, a portfolio company of the Chicago, Ill-based equity firm GTCR, has acquired the Dawson Companies. Based in Cleveland, Ohio, and with offices in Florida and Virginia, Dawson markets property/casualty,...
Markel Enters Germany Through Joint Venture with Anglo Underwriting
Jan 23 2012 // Markel International has made a move to start writing business in Germany through a joint venture with Anglo Underwriting. With Markel’s support, Anglo’s primary focus will be to increase opportunities in...
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,...
