Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AIG Recapitalization Deal Closes
Jan 17 2011 // The recapitalization of bailed-out insurer American International Group Inc. closed last Friday, leaving the government with a 92 percent stake that it plans to sell quickly. Bankers were buzzing Friday about how soon that...
Brown & Brown Subsidiary Acquires Assets of Nies Insurance Agency
Jan 14 2011 // Brown & Brown Inc. subsidiary Fullerton & Co. Inc. has substantially all of the assets of Nies Insurance Agency Inc. With annual revenues of approximately $2.7 million, Nies Insurance Agency has served the...
K&K, RLI Partner to Offer Product Liability for Sports, Entertainment Risks
Jan 13 2011 // K&K Insurance announces a new products liability program in partnership with RLI, a specialty insurance company operating in all 50 states. This arrangement offers an additional avenue for competitive quotes in the...
Confie Seguros Acquires Seguros Sin Barreras
Jan 12 2011 // New York-based Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired Los Angeles-based Seguros Sin Barreras, an insurance broker that serves Hispanic customers in 49...
USI Holdings Acquires Venbrook’s Commercial Marine Business
Jan 12 2011 // New York-based USI Holdings Corp. has acquired the commercial marine business operation from Venbrook Group LLC, a Los Angeles-based property and casualty company. The acquired business will be combined with USI’s...
Sloan Mason Partners with Reinsurers to Expand Marine Coverage in Latin America
Jan 12 2011 // Sloan Mason has expanded into Latin American facultative reinsurance business. The San Diego based broker is placing coverage for ports & terminals, shipyards and a wide range of energy companies into the U.S.,...
AIG Recapitalization to Close Friday; Offering Expected in May
Jan 12 2011 // Banks will meet in New York City Thursday to make their case for the right to sell the U.S. Treasury’s stake in American International Group, three people familiar with the matter said Wednesday. The Treasury will...
Ohio Mutual Completes Acquisition of Casco Indemnity
Jan 11 2011 // Ohio Mutual Insurance Group (OMIG) has confirmed that its previously announced acquisition of Maine-based Casco Indemnity Company is complete. The transaction officially closed on Jan. 1, 2011. Casco Indemnity will be...
Hub Acquires Assets of Canadian Broker Grande Prairie
Jan 11 2011 // Hub Acquires Assets of Canadian Broker Phoenix Grande Prairie Group Hub International Limited announced that it has acquired the assets of Phoenix Insurance Group Grande Prairie Inc., headquartered in the Canadian Province...
Wells Fargo Insurance Acquires JFK Consulting Group LLC
Jan 11 2011 // Wells Fargo Insurance Services USA Inc., headquartered in Chicago, announced it acquired JFK Consulting Group LLC, an employee benefits brokerage and consulting firm located in Overland Park, Kan. Terms of the transaction...
Countryway Acquired by Virginia Farm Bureau
Jan 10 2011 // Virginia Farm Bureau Mutual Insurance Co., is acquiring New York-based Countryway Insurance. Countryway, with headquarters in Syracuse, sells farm and personal lines coverage in 10 states through 380 agencies —...
Brown & Brown Taps Penny as Chief Acquisitions Officer
Jan 10 2011 // J. Scott Penny has been named chief acquisitions officer for Florida-based insurance agency brown & Brown Inc. Penny has served as one of the company’s regional presidents since July 2010 and previously served as...
Conifer Holdings Acquires Mid-Continent Insurance Co.
Jan 10 2011 // Michigan-based insurance holding company Conifer Holdings (Conifer) announced the closing of its acquisition of Mid-Continent Insurance Co. Inc. (Mid-Continent) from the Fetterolf Group Inc. and Woodbine Holdings L.P....
AIG Recapitalization Could Happen Next Week
Jan 7 2011 // The recapitalization of bailed-out insurer American International Group Inc. is likely to close next week, a person familiar with the matter said Friday, as AIG shares touched fresh highs on news it was getting closer to...
Midwest Insurers Austin Mutual and Cooperative Mutual Complete Merger
Jan 7 2011 // Minnesota-based Austin Mutual Insurance Company, a regional property and casualty insurer, announced it has completed its merger with Cooperative Mutual Insurance Co. located in Omaha, Neb. The previously announced merger...
Marsh & McLennan Agency Acquires Minnesota-based RJF Agencies
Jan 6 2011 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced it has RJF Agencies Inc., one of the largest independent insurance agencies in the upper Midwest. Terms of the transaction were...
XL Insurance, Jorgensen & Co. Partner to Provide Accountants E&O Insurance
Jan 6 2011 // XL Insurance, the global insurance operations of XL Group, and Jorgensen & Co., a specialist professional liability managing general underwriter, today announced a joint underwriting agreement to provide...
Hub Acquires Florida’s Farr Agency
Jan 6 2011 // Insurance broker Hub International Limited has acquired the assets of Farr Insurance Group, a Venice, Florida-based insurance brokerage firm. Terms of the acquisition were not disclosed. The company said Farr operations...
NCA Group Acquires T.M. Mayfield & Co.
Jan 6 2011 // Indianapolis, Ind.-based property loss adjusting and claims management services provider National Catastrophe Adjusters Inc. announced that it has acquired T.M. Mayfield & Co. of North Carolina. The addition of T.M....
Wilson Smith Group Acquires Tennessee Transportation Agency
Jan 5 2011 // Wilson Smith Group, LLC said it has acquired a majority of the outstanding shares of the Nashville, Tenn.-based managing general agency, Greenwich Transportation Underwriters, Inc. Terms of the acquisition were not...
