Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Gallagher Acquires Georgia’s Potter-Holden
Jul 29 2011 // Illinois-based international insurance broker Arthur J. Gallagher & Co. has acquired Potter-Holden & Co. of Atlanta, Georgia. Terms of the transaction were not disclosed. Founded in 1918, Potter-Holden & Co. is...
PartnerRe Comments on Financial Impact of Q2 Losses
Jul 28 2011 // Bermuda-based PartnerRe Ltd. has provided information on the net impact of catastrophe-related large losses affecting second quarter 2011 results. Significant losses, related to the tornadoes that struck the U.S. in April...
More U.S. Lawsuits Target Chinese Reverse Mergers
Jul 26 2011 // Accounting debacles at U.S.-listed Chinese companies have prompted a surge of securities fraud lawsuits, but investors might have trouble recouping their losses even if they win. More than one-fourth of the 94 U.S....
Fremont Michigan Shareholders Approve Auto Club Merger
Jul 25 2011 // Shareholders of Fremont Michigan InsuraCorp Inc. have approved the previously announced merger agreement with Auto Club Insurance Association. Based upon the preliminary tally of shares voted at the special meeting of...
All Risks, Avondale Form Joint Venture to Provide Additional Capacity in Fla.
Jul 22 2011 // All Risks, Ltd. has formed a joint venture with Avondale Insurance Associates. All Risks will be able to provide its retail insurance agents and brokers with significant additional capacity in the state of Florida,...
USI Insurance Services Acquires Plumhoff & Associates
Jul 22 2011 // USI Insurance Services (USI), headquartered in Briarcliff, N.Y., has closed its acquisition of Plumhoff & Associates (Plumhoff), a Houston, Texas-based employee benefit brokerage firm specializing in corporate health...
Direct-Link Acquires Coachella Valley Insurance Services
Jul 19 2011 // Direct-Link Holding Group LLC has acquired Coachella Valley Insurance Services Inc. (CVIS) of La Quinta, Calif. The transaction marks the 41st acquisition for Direct-Link Holding Group. CVIS was established in 1977 and...
USI Completes Acquisition of Tricerion
Jul 19 2011 // New York-based agency USI Insurance Services has closed on its acquisition of Tricerion Group, an online employee benefits firm. USI said the acquisition is expected to contribute approximately $3.6 million in revenues on...
Aon Acquires Benchmarking Firm Ward Financial
Jul 19 2011 // Aon Corp. has acquired Westfield Financial Corp. and its subsidiary, the Ward Financial Group, from Ohio Farmers Insurance Co. Aon said that Ward will be integrated with Aon’s McLagan Partners, its own consulting and...
Hub International to Acquire Strategic Employee Benefit Services of Louisiana
Jul 18 2011 // Chicago-based Hub International Limited (Hub) announced plans to purchase Strategic Employee Benefit Services of Louisiana LLC (SEBS of Louisiana), a Metairie, La.-based benefit consulting and service firm. The acquisition...
Top Buyers Remain Interested in Acquiring Agencies: Consultant
Jul 18 2011 // There will be a strong ongoing interest in acquisitions of independent agencies and brokerages through 2012, according to the channel’s most prolific buyers whose views are highlighted in a new report. Reagan...
Commission Allows Group to Buy AIG Taiwan Unit
Jul 15 2011 // Taiwan’s Financial Supervisory Commission says a local conglomerate has met conditions the commission stipulated in June to purchase AIG’s Taiwanese insurance unit, paving the way for final approval. The...
Fidelity National Sells Flood Insurance Business
Jul 13 2011 // Title insurer Fidelity National Financial Inc. has sold its flood insurance operations to WRM America Holdings LLC. Under the terms of the definitive agreement, WRM America of Uniondale, New York, will acquire 100 percent...
HUB Acquires N.H. Benefits Firm
Jul 12 2011 // Hub has acquired the assets of Workplace Benefit Solutions (WBS) a Manchester, New Hampshire-based employee benefit brokerage and consulting firm. Terms of the deal were not disclosed. WBS will become part of Hub...
Ullico Casualty, Philadelphia Partner to Offer Surety to Union Contractors
Jul 11 2011 // Ullico Casualty Group, Inc. and Ullico Casualty Co. have formed a strategic alliance with property and casualty insurance carrier Philadelphia Insurance Cos. The partnership allows Philadelphia to deliver contract and...
Marsh & McLennan Agency Acquires Prescott Pailet Benefits in Dallas
Jul 11 2011 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Prescott Pailet Benefits LP (PPB), a $6 million employee benefits broker based in Dallas, Texas. Terms of the transaction...
Florida’s Patriot National Gets $30M in Funding
Jul 8 2011 // Patriot National Insurance Group, a workers’ compensation provider, said it has received $30 million in equity funding from Six Points Investment Partners LLC. Steven M. Mariano, chairman and chief executive officer...
Wells Fargo Acquires Florida Benefits Firm
Jul 7 2011 // Wells Fargo Insurance Services has acquired Fort Lauderdale, Florida-based employee benefits firm, EDIFY, LLC. EDIFY provides employee benefits programs and consulting to mid to large-sized employers. EDIFY CEO Howard...
NFP Acquires Lapre Scali
Jul 7 2011 // National Financial Partners Corp. (NFP) has acquired Lapre Scali & Co. Insurance Services for an undisclosed sum. New York-based NFP provides benefits, insurance and wealth management services. Lapre Scali,...
Keystone Signs New Tennessee Franchise Partner
Jul 7 2011 // Swallows Agencies of Cookeville has become a franchise partner of Keystone Insurers Group in Tennessee. The Swallows Agencies has four locations in north central Tennessee: Cookeville, Sparta, Livingston and...
