Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
EU Finance Ministers Reaffirm Climate Funding for Developing Countries
Nov 9 2011 // EU finance ministers on Tuesday signed off on more than €4 billion ($5.5 billion) in short-term funding to help developing countries adapt to climate change and curb emissions — even as they met to grapple with...
Wisconsin’s Partners Mutual to Affiliate with Penn National Insurance
Nov 8 2011 // Partners Mutual Insurance Co. (Partners Mutual), headquartered in Waukesha, Wis., and Pennsylvania National Mutual Casualty Insurance Co., (Penn National Insurance), have entered into an affiliation agreement. Under the...
Penn.-based Keystone Insurers Group Adds New Partner in Ohio
Nov 8 2011 // Keystone Insurers Group, a franchisor of insurance agencies headquartered in Northumberland, Penn., has added a new franchise partner in Ohio. Keystone said it has established a partnership with Mount Vernon, Ohio-based...
Brown & Brown of Northern California Acquires Sitzmann Assets
Nov 8 2011 // Brown & Brown of Northern California Inc., a subsidiary of Brown & Brown, Inc. has acquired substantially all of the assets of Sitzmann, Morris & Lavis Insurance Agency Inc. SML is in the employee benefits,...
Private Equity Firm Acquires DAVID Corp. of California
Nov 7 2011 // Private equity firm Phoenix Asset Management has acquired DAVID Corp., a provider of risk management and insurance software and services. DAVID Corp. has been providing software and services to commercial and alternative...
Medicus Gets “A” Rating from A.M. Best Following Acquisition by NORCAL
Nov 3 2011 // Insurance rating service A.M. Best has given Medicus Insurance Co. an A (Excellent) rating following the company’s acquisition by San Francisco, Calif.-based NORCAL Mutual Insurance Co. Medicus joins the NORCAL Group...
Marsh & McLennan Agency Acquires Gallagher & Associates
Nov 3 2011 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Minnesota-based Gallagher & Associates Inc., a $1 million property and casualty insurance agency specializing in public...
BB&T Continues California Expansion with Precept Acquisition
Nov 3 2011 // BB&T Insurance Services has acquired Precept Group, an employee benefits consulting and administrative solutions firm, as part of BB&T’s continued expansion in California. Precept has offices in Irvine and...
Arthur J. Gallagher & Co. Acquires Trissel Graham & Toole
Nov 2 2011 // Arthur J. Gallagher & Co. has acquired Trissel Graham & Toole Inc., headquartered in Davenport, Iowa. With roots dating back to 1896, Trissel Graham & Toole (TGT) offers risk management, property/casualty and...
