Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Marsh Agency Buys Georgia Benefits Brokerage
Jan 4 2011 // Marsh & McLennan Agency LLC reports it has acquired Strategic Benefit Solutions, Inc. (SBS), a $4 million benefits brokerage and consulting firm based in Alpharetta, Georgia. Terms of the transaction were not...
Hallmark Financial Completes Acquisition of State Auto National
Jan 4 2011 // Fort Worth, Texas-based Hallmark Financial Services Inc. says it has completed the previously disclosed acquisition of State Auto National Insurance Co. State Auto National is an Ohio domiciled insurance company which...
Hub International Acquires Four Western Companies
Jan 4 2011 // Chicago-based Hub International Ltd. (Hub), an insurance brokerage firm, has announced several acquisitions. It has acquired the shares of Hall-Conway-Jackson Inc. and the assets of Cascade Insurance Group Inc., Bothell,...
Oahu Property Owners Urged to Buy Flood Insurance
Dec 31 2010 // Emergency management officials are urging Oahu property owners to buy flood insurance at current rates before new flood maps — and resulting higher prices — kick in next month. The Federal Emergency Management...
ABRY Acquires Majority Interest in York
Dec 30 2010 // A Boston private equity firm has acquired a majority interest in New Jersey-based York Risk Services Group. ABRY Partners purchased the majority interest in York from another private equity firm, Odyssey Investment...
Carlyle Group Sells $860 Million Stake in China Pacific -Sources
Dec 30 2010 // Carlyle Group has sold a 2.5 percent stake worth around $860 million in China Pacific Insurance (Group) Co Ltd, sources said, helping the buyout fund recoup its investment in what could be one of its best Asian deals to...
Houston International Insurance Sells Southwest Risk to GCP Capital
Dec 29 2010 // Houston International Insurance Group (HIIG) has sold its wholesale insurance broker subsidiary, Southwest Risk LP (SWR), to New York-based, private equity firm GCP Capital Partners LLC (GCP). The terms were not...
ACE Completes Acquisition of Rain and Hail Insurance Service
Dec 29 2010 // ACE Limited announced from its headquarters in Zurich that it has completed its acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. ACE said the “purchase price reflects a...
Wood Gutmann & Bogart Acquires Barlocker Insurance Services
Dec 29 2010 // Wood Gutmann & Bogart Insurance Brokers announced it has completed the acquisition of the assets from Barlocker Insurance Services of Carlsbad, Calif. Barlocker Insurance Services was formally affiliated with the...
USI Acquires Mastors & Servant in Rhode Island
Dec 23 2010 // New York-based USI Holdings has closed on its acquisition of Mastors & Servant Risk Services, a Rhode Island-based brokerage that specializes in commercial property/casualty, bonds and employee benefits insurance for...
RLI To Acquire Contractors Bonding Insurance Co.
Dec 23 2010 // Peoria, Ill.-based RLI Corp. announcedthat it will acquire Contractors Bonding Insurance Co. (CBIC) through an acquisition of its holding company, Data and Staff Service Co. (DSS) for approximately $137 million in cash....
Arthur J. Gallagher & Co. Acquires Tribeca Strategic Advisors
Dec 22 2010 // Itasca, Ill.-based Arthur J. Gallagher & Co.announced it has acquired Tribeca Strategic Advisors LLC located in Mesa, Ariz. Terms of this transaction were not disclosed. Established in 1999, Tribeca is an alternative...
Marsh Agency Buys Pennsylvania’s Trion
Dec 22 2010 // Marsh’s retail agency business has acquired Trion Group Inc., the largest privately held employee benefits specialist in the United States with $74 million in annual revenue. Terms of the deal were not...
Customer Acquisition 101: Grading Insurance Carriers
Dec 21 2010 // Internet leads have become an essential element of doing business for insurance companies in this day and age. However, despite working hard and spending considerable amounts of money on marketing to pull in these leads,...
Kentucky Builders, Insurer Partner in Workers’ Compensation Program
Dec 20 2010 // A builders’ association is teaming with Kentucky’s largest workers’ compensation insurer to offer a new workers’ compensation program to its members in Kentucky and southern Indiana. Kentucky...
Independent Agency Population Holds Steady as Start-Ups Keep Pace with Mergers
Dec 20 2010 // The total number of independent agencies in the country remains stable at around 37,500 as start-ups have kept pace with agency mergers and closings, according to a new study of agencies. There are today as many agencies...
Everest Re in Negotiations to Acquire Heartland Crop Insurance
Dec 17 2010 // The Bermuda-based Everest Re Group announced that it has entered into discussions with Heartland Crop Insurance, Inc. regarding a potential acquisition of the Kansas-based company by Everest Reinsurance Holdings, Inc. or...
Arthur J. Gallagher Buys Ohio Benefits Broker Herbruck, Alder
Dec 17 2010 // Illinois-based global insurance broker Arthur J. Gallagher & Co. reports it has acquired Herbruck, Alder & Co., an employee benefit brokerage located in Cleveland, Ohio. Terms of the transaction were not...
Arthur J. Gallagher Buys Wholesale Broker Continental, Marmorstein
Dec 17 2010 // Arthur J. Gallagher & Co. said it has acquired wholesale insurance broker Continental Excess & Surplus, Inc., trading as Continental/Marmorstein & Malone, located in Paramus, New Jersey and its affiliate, All...
Markel Acquires RD Holdings
Dec 16 2010 // Markel Ventures, the investment arm of Virginia-based specialty insurer Markel, has acquired a majority interest in RD Holdings, a private company headquartered in Virginia that provides retail intelligence services. Terms...
