Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PointeNorth Acquires 2 Georgia Agencies
Apr 8 2011 // Atlanta-based PointeNorth Insurance Group has acquired two Georgia agencies. PointeNorth acquired Hodges & Associates, an employee-benefit provider in metro Atlanta. The Marietta-based agency’s BondsPlus...
Appalachian Underwriters Buys Reliance Administrators of South Carolina
Apr 8 2011 // Tennessee-based wholesale insurance broker Appalachian Underwriters Inc. has obtained the assets of Reliance Administrators, Inc., a Rock Hill, South Carolina wholesaler that specializes in workers’ compensation,...
Willis Acquires 22.5% Stake in So. Africa Benefits Provider Amabubesi
Apr 8 2011 // Willis Europe BV, a division of Willis Group Holdings, announced the conclusion of a transaction whereby Willis South Africa has acquired 22.5 percent of the equity in Amabubesi Consulting Services (ACS), a specialist...
Goldman Buys 12.02% Stake in China’s Taikang Life
Apr 8 2011 // Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance...
Hub International Acquires Vancouver-based Redcliffe
Apr 6 2011 // Hub International Limited announced that it has acquired Redcliffe Financial Group, a Vancouver, British Columbia-based employee benefits and life insurance brokerage firm. Terms of the acquisition were not disclosed. Hub...
Florida’s Acentria Acquires Advanced Comp
Apr 5 2011 // Insurance agency Acentria Inc., headquartered in Destin, Florida, has acquired another Florida firm, Advanced Comp, a workers’ compensation insurance agency. Fielding Dickey, president and founder of Advanced Comp,...
Confie Seguros Acquires NII
Apr 5 2011 // Confie Seguros has acquired NII Brokerage, an agency with 26 offices concentrated in Upstate New York. Confie Seguros is a private equity-backed firm that is building a nationwide brokerage business focusing on Hispanic...
Rhode Island Ponders Forcing Insurers to Buy Driving Records
Apr 4 2011 // Budget-strapped Rhode Island is considering a new way to raise money: Force insurers to buy official driving reports from the state, at $20 a driver. The move — part of a budget amendment that would alter laws...
Brown & Brown to Acquire Tennessee Bank’s First Horizon Insurance
Apr 1 2011 // Brown & Brown has agreed to acquire First Horizon Insurance Group Inc. from First Tennessee Bank. The acquisition is expected to close in late April of this year. With annualized revenues of approximately $14.8...
R-T Specialty Completes Acquisition of American E&S
Apr 1 2011 // Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, reports it has closed on the acquisition of American E&S Insurance Brokers (AES) from Wells Fargo Insurance Services. RT Specialty...
Arkansas House Passes Budget with Insurance Department Funding
Apr 1 2011 // The Arkansas House, on its fourth try, passed a $4.6 billion state budget that includes operating funds for the state insurance department. The Senate had already passed a similar budget bill. The Legislature is scheduled...
Applied Systems Buys CSR24 Agency Systems Firm Artizan
Mar 31 2011 // Insurance technology company Applied Systems has acquired Artizan Internet Services, a provider of Web-based and outsourced customer service and claims technology for property/casualty insurance agencies wanting to offer...
Hallmark Financial Services Acquires Texas Builders Insurance
Mar 28 2011 // Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced that its subsidiary, American Hallmark Insurance Co. of Texas, is acquiring TBIC Holding Corp. and its wholly owned subsidiaries Texas...
Rhode Island Ponders Forcing Insurers to Buy Driving Records
Mar 25 2011 // Budget-strapped Rhode Island is considering a new way to raise money: Force insurers to buy official driving reports from the state, at $20 a driver. The move — part of a budget amendment that would alter laws...
Texas Broker Bowen, Miclette & Britt Acquires Florida Agency
Mar 22 2011 // Texas-based insurance broker Bowen, Miclette & Britt Inc. has expanded into the Florida market though the acquisition of Huckleberry Sibley & Harvey Insurance & Bonds. The acquired agency, HSH, has a client...
Majestic Capital Terminates Merger Agreement with Bayside Capital
Mar 21 2011 // Bermuda-based Majestic Capital Ltd. announced that Bayside Capital Partners LLC has terminated the previously announced merger agreement with Majestic Capital. In its termination notice, Bayside cited a material...
United Fire Gets Approval to Acquire Mercer Insurance Group
Mar 18 2011 // Cedar Rapids, Iowa-based United Fire & Casualty Co. said it has the necessary approvals from state regulators and company shareholders to complete its acquisition of Mercer Insurance Group Inc. United Fire announced in...
MDS Acquires 50% Stake in Portuguese Auto Insurance Specialist
Mar 18 2011 // MDS Holdings, the Iberian and Latin American insurance broking group, announced that it has acquired a “50 percent stake in Coral, the former Portuguese in-house broker of Salvador Caetano Group, the largest...
Integro Acquires Windward International
Mar 16 2011 // New York-based Integro has acquired Windward International Inc., a marine insurance broker based in New Jersey. Terms of the deal were not disclosed. Windward International Inc. has developed a significant subspecialty in...
Markel Renews Partnership with American Camp Association
Mar 15 2011 // Markel Specialty announced the renewal of its American Camp Association (ACA) Mission Partner Sponsorship for the next three years. This announcement follows the completion of the Markel-funded Healthy Camp Study, a...
