Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
PartnerRe Appoints Miranthis to Board of Directors
Feb 10 2011 // Bermuda-based PartnerRe Ltd.announced that President and Chief Executive Officer Costas Miranthis, has been appointed to fill a vacancy on its Board of Directors, effective February 7 , 2011. The vacancy was created by the...
SpatialKey, Kinetic Analysis Partner to Boost Storm Impact Analysis
Feb 10 2011 // Spatial Key and Kinetic Analysis have announced a strategic partnership to provide real-time and historical tropical storm analysis for underwriters, actuaries and risk managers. The alliance combines SpatialKey’s...
Align Financial Group Acquires ELM Insurance
Feb 8 2011 // Align Financial Group Inc. (Align) has acquired Executive Liability Managers Insurance Brokers Inc. and Attorneys & Professionals Insurance Services Inc. Kieran Sweeney, Align’s CEO, said the acquisition of ELM...
PartnerRe Hit by Cat Losses, Reports Decreases in Q4, FY Net Income
Feb 8 2011 // Bermuda-based PartnerRe Ltd. reported net income of $57.0 million, or $0.65 per share on a fully diluted basis for the fourth quarter of 2010, which includes net after-tax realized and unrealized losses on investments of...
Abram Interstate Acquires Align General’s Equine Business
Feb 7 2011 // Rocklin, Calif.-based Abram Interstate Insurance Services, Inc. has announced that it has purchased an equine and farmowners book of business from Align General Insurance Agency Inc., of San Diego. All servicing of new and...
