Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
House Defeats Bill Funding Government; FEMA, Flood Insurance in Doubt
Sep 22 2011 // The House of Representatives unexpectedly defeated a bill that would fund the federal government [including the federal flood insurance program] past Sept. 30 Wednesday as dozens of Republicans broke with their party to...
Selective to Acquire Montpelier Re E&S Unit for $55M
Sep 21 2011 // Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier Re U.S. Holdings Ltd., for $55 million. Selective said the deal would be completed...
U.S. Risk Acquires American Special Risk of California
Sep 21 2011 // Woodland Hills, Calif.-based American Special Risk Insurance Services has been acquired by managing general agency and surplus line wholesaler U.S. Risk Insurance Group Inc. American Special Risk is a managing general...
USI Insurance Acquires Ohio’s First Place Insurance Agency
Sep 21 2011 // New York-based USI Insurance Services has acquired substantially all of the assets of First Place Insurance Agency Ltd. (First Place Insurance) of Youngstown, Ohio, from First Place Financial Corp. USI has also entered...
AssuredPartners Acquires Kentucky-Based Agency Neace Lukens
Sep 21 2011 // Florida-based AssuredPartners Inc. has acquired the Neace Lukens, a Kentucky-based insurance agency, as part of a plan to build a national insurance brokerage firm. AssuredPartners is a member company of GTCR, a Chicago...
Associated Builders and Contractors, CNA Partner to Advance Construction Safety
Sep 20 2011 // Associated Builders and Contractors (ABC) and CNA’s Construction unit have partnered to advance industry best practices in the field of construction safety. During this three-year partnership, scheduled to launch...
Torus Acquires Broadgate, Lloyd’s Syndicate 1301
Sep 20 2011 // Specialty insurer Torus has confirmed that it has “entered into an agreement with Clal Insurance Enterprises Holdings Limited to acquire London-based Lloyd’s Syndicate 1301 and its corporate members Broadgate...
Whittington Sells UK Business to Finance Asia Expansion
Sep 20 2011 // Whittington Group, the Singapore-based international insurance investor, announced it has reached a definitive agreement to sell its London businesses to a consortium, comprising Tawa Plc, Skuld, and Paraline Group, Ltd.,...
Wells Fargo Insurance Acquires New Jersey-Based Procomp
Sep 16 2011 // Wells Fargo Insurance Services has acquired Procomp Benefit Resources Inc., an employee benefits brokerage and consulting firm based in Hazlet, N.J. Terms of the transaction were not disclosed. The acquisition will allow...
Virginia-based Hilb Group Acquires Venture Specialty Insurance
Sep 16 2011 // The Hilb Group, a Glen Allen, Va.-based holding company that focuses on acquiring mid-market agencies, has purchased Venture Specialty Insurance. The Richmond, Va.-based Venture Specialty is an all-lines agency with two...
Allied World, Transatlantic Call off Merger Deal
Sep 16 2011 // Reinsurers Allied World Assurance Co. Holdings Ltd and Transatlantic Holdings Inc. called off their merger Friday in the face of overwhelming opposition, leaving Transatlantic to decide between two larger, unsolicited...
Alteris Buys Winery Insurer S.N. Potter
Sep 15 2011 // Alteris Inc., a services provider for the managing general agency community, has acquired the operating assets of winery insurance specialist Lodi, Calif.-based S.N. Potter Insurance Agency Inc. The acquisition of the...
Arthur J. Gallagher & Co. Acquires The BeneTex Group
Sep 15 2011 // Arthur J. Gallagher & Co., headquartered in Itasca, Ill., has acquired The BeneTex Group Inc., an employee benefit broker in Georgetown, Texas. Founded in 1992, The BeneTex Group offers a full range of group employee...
Hub International to Acquire Canadian Broker Horizon Insurance
Sep 15 2011 // Hub International Limited announced that it has entered into a definitive agreement to acquire the operations of Horizon Insurance, LP. , a full service insurance brokerage firm headquartered in Manitoba. The acquisition...
Business Risk Partners Launches Lloyd’s-Backed Home Inspectors E&O Coverage
Sep 14 2011 // Business Risk Partners has launched a new standard E&O (errors & omissions) policy form for home inspectors. The policy, underwritten by Lloyd’s of London, reflects improvements across the board as a result...
Venture Capital Firm Buys California Wholesaler Yates, Rolls Out Growth Plan
Sep 14 2011 // Scottish American Capital, a venture capital group with a cache of high net worth individuals, has purchased 80 percent of Tustin, Calif.-based Yates & Associates and given founder Jim Yates a three-year contract as...
Flood Maps Could Force Thousands in North Dakota to Buy Insurance
Sep 14 2011 // Fargo, N.D., city engineers say an additional 7,500 homeowners may be required to purchase federal flood insurance when new flood plain maps are released. The Federal Emergency Management Agency rate map will show homes...
Transatlantic, Allied World off CreditWatch as Merger Looks Less Likely: S&P
Sep 14 2011 // Standard & Poor’s Ratings Services has removed both Transatlantic Holdings and Allied World Assurance Co. Holdings AG from its CreditWatch Positive, where they were placed on June 13, following the announcement...
Hub Buys Assets of Massachusetts-based William Palumbo Agency
Sep 13 2011 // Hub International Limited has acquired the assets of William Palumbo Insurance Agency Inc., a Boston-area based retail brokerage firm. This acquisition allows Hub to expand its presence in Massachusetts, including the Cape...
Keystone Insurers Adds New Partner in Tennessee
Sep 12 2011 // Holman & Holman Agency of Springfield, Tenn., has become Keystone Insurers Group’s eighth franchise partner in Tennessee, bringing the total franchise count to 223 across the seven states in which Keystone...
