Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
United Fire Acquiring Mercer Insurance Group
Dec 1 2010 // Iowa-based insurer United Fire & Casualty will acquire New Jersey-based Mercer Insurance Group in a deal valued at $191 million The merger, which is expected to close in the first quarter of 2011, calls for Mercer...
Florida’s Brightway Insurance Acquires Orange Park Agency
Nov 29 2010 // Brightway Insurance recently acquired General Insurance Concepts, a 20-year-old property and casualty insurance agency offering personal and commercial lines of insurance. The company’s offices, located in Orange...
Columbus, Ohio, OKs Benefits for City Workers’ Partners
Nov 29 2010 // Ohio’s largest city will offer domestic partner benefits to its employees a dozen years after a similar plan was canceled under public pressure. The Columbus City Council has approved health insurance coverage for...
Breckenridge Buys St. Louis Wholesale Broker IPSICO
Nov 24 2010 // Ohio-based wholesale insurance broker and program administrator Breckenridge Insurance Services has acquired the assets of International Placement Services, LC (IPSICO), a wholesale insurance brokerage firm in St. Louis....
Brown & Brown Acquires Indiana’s Mavum Consulting
Nov 24 2010 // National insurance broker Brown & Brown has acquired the assets of Mavum Consulting, LLC and Mavum Risk Management, LLC of Indianapolis. With annualized revenues of approximately $1.3 million, Mavum Consulting and...
NYMAGIC Shareholders OK Merger
Nov 23 2010 // Shareholders of NYMAGIC approved its acquisition by ProSight Specialty Insurance Holdings Inc. at a special meeting yesterday, clearing the way for the insurance holding firm to become part of ProSight. The merger valued...
USI Acquires Kinloch’s New Jersey Business
Nov 23 2010 // New York-based insurance broker USI Holdings has acquired the New Jersey operation of Kinloch Holdings Inc. The unit, based in West Orange, New Jersey, specializes in commercial property casualty and employee benefits...
Hub International to Acquire Assets of Byars Thompson Buchanan Insurance
Nov 23 2010 // Chicago-based Hub International Ltd., an insurance brokerage firm, announced that it has signed a definitive agreement to acquire the assets of Byars Thompson Buchanan Insurance & Financial Services LLC, a Santa Maria,...
CIS Group Acquires Indiana’s Cornerstone Appraisal
Nov 22 2010 // CIS Group LLC, a subsidiary of CIS Holdings LLC and an affiliate of CEP, has completed its acquisition of Cornerstone Appraisal Services of Valparaiso, Indiana. This acquisition marks the third property inspection services...
A.J. Gallagher Acquires Behnke & Co.
Nov 19 2010 // Arthur J. Gallagher & Co. has acquired Behnke & Co. Inc., a retail insurance broker headquartered in Decatur, Ill. Terms of the transaction were not disclosed. Established in 1983, Behnke & Co. provides...
Burns & Wilcox Acquires Ohio Wholesale Agency
Nov 19 2010 // Independent wholesale broker and underwriting manager Burns & Wilcox, based in Farmington Hills, Mich., has acquired NorthCoast Excess & Surplus Agency – a wholesale brokerage and underwriting manager based...
Hiscox/Employers Partner to Provide Workers’ Comp to Small Businesses
Nov 18 2010 // Hiscox USA and Reno, Nev.-based Employers have joined forces to provide small businesses workers’ compensation insurance through Hiscox Small Business Insurance. The offering is direct-to-small business, online...
Zurich Sells Stakes in Spanish Life and P/C to Unnim
Nov 17 2010 // Zurich Financial Services Group announced that it has entered into a definitive agreement to sell back to Spanish insurer Unnim its 50 percent stakes in the life and general insurance bancassurance companies jointly owned...
Amerisafe to Acquire Book of Business from Cooperative Mutual
Nov 17 2010 // DeRidder, La.-based Amerisafe Inc., a specialty writer of hazardous workers’ compensation insurance, announced it plans to acquire the workers’ compensation business of Cooperative Mutual Insurance...
Insurance Mergers Complicated by Economy, Low Valuations, Hidden Risks
Nov 15 2010 // With organic growth difficult in the current economy and soft market, there could be an increase in insurance industry merger and acquisition activity over the next 12 to 18 months, according to mergers and acquisitions...
M&A Activity Heats Up
Nov 14 2010 // The Race to the Finish Line Merger and acquisition (M&A) activity between July and September was robust making the third quarter the most active with 61 deals versus 36 last year. Deal volume for the first nine months...
Crawford Italy in Potential Acquisition Discussions with Studio Bolton
Nov 12 2010 // Mark Harman, CEO of Crawford & Company for Continental Europe, Middle East & Africa, and Paul Ogni, Country Manager of Crawford & Company Italia, together with William Bolton, Chairman of Studio Bolton &...
Business Risk Partners Offers Distressed Banks Coverage
Nov 11 2010 // For banks under regulatory oversight, Business Risk Partners (BRP) is now offering professional and management liability protections for distressed community banks, including hard-to-find Regulatory Defense Cover for...
Towers Watson to Buy Insurance Consultant, Software Firm EMB
Nov 10 2010 // Professional services company Towers Watson will buy insurance consulting and software company EMB to expand its offerings to property and casualty insurance clients, the companies said Wednesday. Terms were not...
Mina Named Managing Partner for Willis of Maryland
Nov 10 2010 // John Mina has been appointed managing partner at Willis of Maryland, Inc. Mina will be responsible for business development for Willis’ Washington, D.C.-based insurance brokerage operations. He will be based in...
