Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Nationwide, Harleysville CEOs Say Merger All About Growth
Nov 21 2011 // The merger of insurer Nationwide Mutual with regional carrier Harleysville Mutual is all about growth, not only for the companies but also for their independent agents, according to the CEOs of the two...
Catlin, China Re Announce Strategic Partnership; New Lloyd’s Syndicate
Nov 18 2011 // Catlin Group Limited has announced the formation of a strategic partnership with China Reinsurance (Group) Corporation (China Re) that will result in the establishment of a special purpose syndicate at Lloyd’s of...
Marsh & McLennan Agency Expands in Florida, Acquires Seitlin Insurance
Nov 17 2011 // Marsh & McLennan Agency, a New York-based subsidiary of insurance broker Marsh Inc., acquired Seitlin Insurance, one of the largest insurance brokers in South Florida. Terms of the transaction were not...
Arthur J. Gallagher & Co. Acquires Washington MGA Mutual Insurance Services
Nov 14 2011 // Arthur J. Gallagher & Co. on Monday announced the acquisition of Mutual Insurance Services Inc. in Federal Way, Wash. Mutual Insurance Services Inc., which was founded in 1985, is a managing general agent and wholesale...
AmWINS Confirms Intention to Acquire London-based THB Group plc
Nov 14 2011 // Charlotte-based AmWINS Group, Inc. has confirmed that it intends to acquire THB Group plc of London. AmWINS said the directors of THB have unanimously agreed to recommend that its shareholders approve AmWINS’ cash...
WRM America Completes Acquisition of Fidelity National Indemnity
Nov 14 2011 // WRM America Holding Company, a specialty lines P/C insurance and risk management holding company, completed the acquisition of Fidelity National Indemnity Insurance Company (FNIIC), the flood insurance business of Fidelity...
Lighthouse Acquires HomeWise Louisiana Policies
Nov 14 2011 // Lighthouse Property Insurance Corp. (Lighthouse), a Louisiana domestic insurance company has acquired the Louisiana homeowners policies of HomeWise Insurance Co., a Florida-based insurer. The terms of the agreement include...
Florida’s HomeWise Continues in Run-Off; Sells Louisiana Policies
Nov 14 2011 // Florida-based HomeWise Insurance Co. is now is full run-off mode as it attempts to pay all outstanding claims and other debts in order to avoid being taken over by Florida regulators. The Clearwater, Fla.-based home...
Signature Select LLC Acquires Kansas-based Cassell Insurance
Nov 10 2011 // Signature Select LLC, a retail insurance broker subsidiary of the IMA Financial Group Inc., has acquired Cassell Insurance of Wichita and Emporia, Kan., an agency specializing in personal lines and business insurance. The...
