Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Provider Names Darcey and Moran Partners
May 25 2011 // Massachusetts-based Provider Insurance agency has named Patrick Darcey and Jamie Moran as shareholders. Patrick Darcey Darcey is a senior sales executive for Provider’s commercial lines department. He joined the firm...
Treasury Sells AIG Shares at Slight Profit
May 25 2011 // The U.S. Treasury is barely breaking even on its investment in beleaguered insurance giant American International Group Inc., according to an early litmus test of market interest in the firm’s stock. The Treasury...
Avizent Acquires Lousiana-based F.A. Richard and Associates
May 24 2011 // Avizent, a national claims and risk management service provider based in Columbus, Ohio, announced it has acquired F.A. Richard and Associates (FARA), headquartered in Mandeville, La. With this acquisition, Avizent expands...
Florida’s Acentria Acquires Jim Harris Agency
May 24 2011 // Destin, Florida-based insurance agency Acentria has acquired Jim Harris & Associates, Inc., with offices in Mary Esther and Crestview. Acentria has six locations in the Florida panhandle.
Arthur J. Gallagher Buys Singapore Broker
May 24 2011 // Arthur J. Gallagher & Co. has acquired specialty insurance broker ITI Solutions Pte Ltd, located in Singapore. ITI’s speclaties include marine cargo, political risk, trade credit risk, and specialty lines. In...
The Partners Group, Baldwin Resource Group Merge
May 24 2011 // Portland, Ore.-based financial services and employee benefit consulting firm The Partners Group has merged with Seattle-based Baldwin Resource Group, a firm with expertise in commercial insurance, enterprise risk...
Trustee: Mets Tried to Buy Fraud Insurance
May 23 2011 // A court-appointed trustee says the owners of the New York Mets reaped profits from Bernard Madoff’s financial Ponzi scheme even as they shopped for insurance to protect themselves in case the scam collapsed. Trustee...
Arrowhead General Insurance Acquires Trafalgar Marine
May 19 2011 // Arrowhead General Insurance Agency Inc. has completed its acquisition of Trafalgar Marine Insurance Services Inc. Terms of the transaction were not disclosed. Cary Breese, president of Trafalgar, said, “I am very...
Hub International Acquires Texas-based The Transportation Group
May 19 2011 // Hub International Limited (Hub) has acquired The Transportation Group, LTD (TTG), a Dallas and Houston, Texas-based brokerage firm that specializes in insurance and risk management for the trucking industry. Terms of the...
Ryan Specialty Group to Buy Lloyd’s Insurer Jubilee
May 18 2011 // Chicago-based insurance holding company Ryan Specialty Group, LLC (RSG) has agreed to acquire specialist Lloyd’s insurer Jubilee Group Holdings Limited. Jubilee Group Holdings owns Jubilee Managing Agency Limited and...
Integro Acquires Argo Insurance Brokers
May 18 2011 // Insurance brokerage and risk management firm Integro has acquired Argo Insurance Brokers, a San Francisco Bay Area broker offering commercial, private client services, employee benefits and specialty insurance programs....
Allstate Targets Online Insurance Sales; Buys Esurance, Answer Financial
May 18 2011 // In a bid to capture more business from customers who shop online, giant Allstate Corp. has agreed to pay $1 billion to buy two popular online insurance sellers — Esurance and the associated site, Answer...
Arrowhead Announces Acquisition of Specialty Agency Trafalgar Marine Insurance Services
May 17 2011 // San Diego, CA, 05/17/11 – ARROWHEAD General Insurance Agency, Inc., one of the nation’s largest property and casualty insurance program managers, is pleased to announce the acquisition of the specialty insurance...
Crump Buys Workers’ Compensation Self-Insurance Firm SFA
May 16 2011 // Wholesaler broker Crump Insurance Services Inc. has acquired Self Funded Alternatives, an insurance intermediary specializing in self-insured workers’ compensation programs. SFA is based in Langhorne, Penn. and has...
A. J. Gallagher Acquires UK Broker Heath Lambert for $158 Million
May 13 2011 // Arthur J. Gallagher & Co. (AJG), has completed the purchase of HLG Holdings Ltd (the Heath Lambert Group), for a net purchase price of £97 million ($158 million). Heath Lambert is headquartered in London and has 16...
American Westbrook Insurance Acquires The American Worker Plans
May 12 2011 // Westchester, Ill.-based American Westbrook Insurance Services LLC, a subsidiary of Hendricks Holding Co. Inc., acquired The American Worker Plans Inc. effective April 1, 2011. The move expanded the services available...
Catalina Completes Acquisition of Glacier Re
May 12 2011 // Catalina Holdings (Bermuda) Ltd. announced that, following consent from FINMA, the Swiss Financial Markets Supervisory Authority, it has completed the acquisition of Glacier Reinsurance AG, the Swiss-based reinsurance...
Virginia Farm Bureau Acquires Countryway
May 11 2011 // Virginia Farm Bureau Mutual Insurance Co. has acquired New York-based Countryway Insurance Co. Countryway has premiums in excess of $33 million and operates primarily in rural New England, New York, New Jersey,...
Arthur J. Gallagher Acquires Oklahoma’s Meyers-Reynolds & Associates
May 10 2011 // Arthur J. Gallagher & Co. announced it has acquired Meyers-Reynolds & Associates Inc., a retail insurance broker headquartered in Oklahoma City, Okla. Terms of the transaction were not disclosed. Formed in 1985,...
Florida’s Acentria Acquires Stant Agency
May 10 2011 // Destin, Fla.-based Acentria reported it has acquired The Stant Agency. The office will remain in Crestview, Fla. Wes Stant, commercial lines agent, and Martha Stant, personal lines service representative, are joining the...
