Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
First Chicago Insurance Names Fisher House Foundation as Charitable Partner
Feb 24 2011 // First Chicago Insurance Co. will contribute $1 to the Fisher House Foundation for every insurance policy the company issues in 2011, the insurer has announced. In selecting a charitable partner for the year, First Chicago...
New York Gov.’s Budget Details Banking, Insurance Regulation Merger
Feb 24 2011 // New York Gov. Andrew Cuomo’s proposed state budget contains slightly more money for the new agency he wants to create by combining existing banking and insurance regulatory departments than they now...
Virginia Insurer Buys Amphitheater Naming Rights
Feb 24 2011 // The Virginia Beach, Va. amphitheater has a new name. Multiple media outlets reported the music venue has been renamed Farm Bureau Live at Virginia Beach. The concert venue’s naming rights were sold to Virginia Farm...
West Virginia Volunteer Fire Departments Seek Funding
Feb 24 2011 // West Virginia’s volunteer fire departments are turning to state lawmakers for help with insurance and recruitment. A bipartisan House bill introduced this week would tap liquor revenues to provide $5 million a year...
MMIC, Beazley Partner to Offer Data Privacy Insurance
Feb 22 2011 // MMIC Insurance, Inc. has launched data privacy insurance coverage for the healthcare community and has partnered with Beazley Group, Ltd. to offer the coverage. Beazley has developed Beazley Breach Response and tailored it...
Massachusetts’ Morrill Group Acquires Goldman Ernest & Liner
Feb 18 2011 // Morrill Group, an independent insurance agency based in Norwood, Mass., has acquired Goldman Ernest & Liner Insurance Agency of Needham, Mass. Goldman, Ernest & Liner Insurance Agency Inc. will operate as a...
SCOR Sells U.S. Fixed Annuity Business
Feb 17 2011 // French reinsurer SCOR Group announced that it is “disposing of its US Fixed Annuity business through the sale of its subsidiary Investors Insurance Corporation (IIC) for $55 million.” The entire share capital...
Brown & Brown Acquires Two Massachusetts Agencies
Feb 17 2011 // Brown & Brown has acquired United Benefit Services and Beverly T. Gottlieb & Associates, two metro-Boston agencies specializing in employee benefits and related insurance products. Terms of the deal were not...
Business Risk Partners Launches Combo GL, E&O Coverage for Home Inspectors
Feb 16 2011 // Business Risk Partners is now offering general liability coverage to home inspector firms that purchase errors & omissions insurance. Bundling the two products addresses the increasingly grey areas between GL and...
L/B/W Insurance Acquires Fortman Insurance
Feb 16 2011 // L/B/W Insurance & Financial Services Inc. has acquired neighboring independent agency Fortman Insurance. In the arrangement, all Fortman staff members were retained and moved to the Valencia, Calif., offices of...
Marsh Agency Buys Kinloch Consulting’s Boston Office
Feb 16 2011 // Marsh & McLennan Agency (MMA), the retail unit of Marsh, has acquired the Boston office of Kinloch Consulting Group Inc., the employee benefits division of Kinloch Holdings Inc. Terms of the transaction were not...
Florida’s BKS-Partners Finalizes Acquisition of IRMS
Feb 16 2011 // Tampa-based Baldwin Krystan Sherman Partners, LLC has completed its acquisition of the Naples-based Insurance and Risk Management Services employee benefits division. Baldwin Krystan, doing business as BKS-Partners, is...
SpatialKey, MarketStance Partner on Commercial Insurance Analysis
Feb 16 2011 // Spatial Key and MarketStance have formed a strategic partnership to provide commercial insurance carriers with instant, visual insights into market trends, opportunities and distribution channels. MarketStance’s...
Combined Agents of America Partners with Allied Insurance
Feb 15 2011 // Combined Agents of America LLC (CAA) announced a partnership with two new companies, Allied Insurance and Allied General Agency Company. Under the terms of the contract, CAA member agencies can now offer its customers a...
All Web Leads Acquires InsuranceLeads.com
Feb 15 2011 // Austin, Texas-based All Web Leads Inc., an online sales lead generation company supplying the U.S. insurance industry, has acquired InsuranceLeads.com, a provider of online leads to insurance agents, brokers and...
As Merger Lawsuits Increase, So Do Legal Fees
Feb 14 2011 // Lawyers are pushing for a $4.5 million fee for their work for investors challenging a corporate merger. The recovery for shareholders? Probably zero. The requested fee in a lawsuit challenging Unilever NV’s $3.7...
The Buckner Co. Hires Acquires Dana Benefits
Feb 11 2011 // Salt Lake City-based The Buckner Co. has hired Carol Dana in its Employee Benefits department, and subsequently acquired Dana’s agency, Dana Benefits. Dana will join the team of benefits experts at The Buckner Co.,...
AmWINS Expands Non-Standard Auto Capabilities Through Acquisitions
Feb 10 2011 // AmWINS Group, Inc. has acquired American Southwest Insurance Managers, Inc., Excel General Agency, Inc. and Oakwood Software Insurance Solutions, LLC. ASIM is a managing general agents for non-standard automobile insurance...
Ryan Specialty Group Buys Concord Specialty Risk
Feb 10 2011 // Ryan Specialty Group (RSG) has acquired New York-based Concord Specialty Risk, a managing general underwriter and consultant that provides transactional risk insurance and loss mitigation-evaluation services. Terms of the...
RW Scobie Group, Haugen Marine Insurance Services Form Joint Venture
Feb 10 2011 // RW Scobie Group announced a partnership with Haugen Marine Insurance Services Inc., a marine specialty agency, and its owner Jack Papas. Papas will serve as the new branch manager of RW Scobie’s Tower Special...
