Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Integro Buys California Reinsurance Broker ReSource Intermediaries
Oct 12 2010 // Insurance brokerage and risk management firm Integro has acquired ReSource Intermediaries, Inc., a reinsurance advisory and brokerage firm based in San Francisco. The move paves the way for New York-based Integro to become...
ACE to Acquire Malaysian Insurer Jerneh Berhad for $200 Million
Oct 8 2010 // The ACE Group of insurance and reinsurance companies has agreed to acquire 100 percent of Jerneh Insurance Berhad, a general insurance company in Malaysia that is majority owned by Jerneh Asia Berhad, which is listed on...
Brown & Brown of Florida Buys Beecher Carlson’s T.R. Jones Units
Oct 8 2010 // Brown & Brown of Florida has acquired insurance broker Beecher Carlson subsidiaries, Thomas R. Jones, Inc. and T.R. Jones & Co. of Broward, L.C., collectively doing business as T.R. Jones & Co. T.R. Jones &...
R-T Specialty Buys Southeast Wholesaler McAuley Woods
Oct 8 2010 // R-T Specialty, LLC, the wholesale brokerage unit of Ryan Specialty Group, LLC, has acquired McAuley Woods & Associates. Headquartered in Palm Beach, Florida, McAuley Woods is a wholesale insurance brokerage that also...
Brown & Brown Acquires Martin Benefits
Oct 6 2010 // Insurance broker Brown & Brown Inc. has acquired New York-based Martin Benefits Consulting and Martin Human Resources. Terms of the deal were not disclosed. The businesses — which have combined annual revenues of...
Auto Insurance Provider Confie Seguros Acquires Cost-U-Less
Oct 5 2010 // Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired Cost-U-Less Insurance, a California provider of non-standard auto insurance with offices located primarily in the...
Crump Acquires Target Underwriting
Oct 4 2010 // New Jersey-based wholesaler Crump Property & Casualty Insurance Services Inc. has acquired Target Underwriting Management Corp., a managing general underwriter and program administrator headquartered in...
RSA Acquires GCAN Insurance in Canada for $410 Million
Oct 4 2010 // UK-based RSA Insurance Group plc has announced the acquisition of GCAN Insurance Company, a Canadian mid-market, large risks & specialty commercial insurer, which “offers a range of products including Property,...
MainSource Financial Sells P&C, Health Units to Encore Insurance
Oct 4 2010 // Greensburg, Ind.-based MainSource Financial Group announced it sold the property and casualty and health insurance book of businesses related to its insurance subsidiary, MainSource Insurance (MSI), to Encore Insurance...
Old Republic Completes PMA Acquisition
Oct 1 2010 // Chicago-based insurance holding company Old Republic International Corp. has completed its acquisition of PMA Capital Corp. In connection with the closing of the merger, Pennsylvania-based PMA changed its name to PMA Cos....
Best East Agency to Work For: KMRD Partners Inc.
Sep 30 2010 // When Kevin McPoyle and Robert Dietzel founded their namesake independent agency, KMRD Partners Inc., six years ago, they aimed to create a unique business model that blended high-level expertise in risk management...
Southwest Insurance Partners, Lightyear Delos Acquisition to Merge
Sep 29 2010 // Lightyear Delos Acquisition Corp. (LYDAC) and Southwest Insurance Partners Inc. (SWIP) announced they are merging in a transaction that is expected to close in the fourth quarter of this year. The merged entity will be led...
Louisiana’s Cunningham Financial Acquiring Hamilton Insurance Agency
Sep 27 2010 // Cunningham Financial Group (CFG), headquartered in Natchitoches, La., is acquiring the Hamilton Insurance Agency in Bunkie, La., and adding agency owner Denice Hamilton as a independent producer for all lines in central...
Gremesco Sells Florida Office Only to New Jersey Wholesaler PRS
Sep 27 2010 // New Jersey-based Professional Risk Solutions (PRS), a wholesale insurance broker, has purchased the assets of Gremesco of Florida, LLC, one of seven members of the Gremesco group of companies. All of the other offices of...
PartnerOne, Berkley Environmental Launch Small Business Program
Sep 23 2010 // PartnerOne Environmental, Beacon Hill Associates’ underwriting division, has established a partnership with Berkley Environmental, a Divisional of Berkley Specialty Underwriting Managers, servicing small to middle...
Bank of Montreal Eyes U.S., China Acquisitions for Insurance Group
Sep 23 2010 // Bank of Montreal is on the hunt for acquisitions in the United States and China to expand its wealth management operations, while it sees growth in Canada coming from established operations, one of BMO’s top...
Majestic Capital to Be Acquired by Bayside Capital Partners
Sep 22 2010 // Workers compensation provider Majestic Capital Ltd. has agreed to be acquired by Bermuda-based Bayside Capital Partners LLC for $0.45 per share in cash, or an aggregate purchase price of approximately $7.8 million. The...
PMA Acquisition Approved by Shareholders
Sep 22 2010 // Shareholders of Pennsylvania-based PMA Capital Corp. have approved the company’s acquisition by Old Republic International Corp. a deal that is expected to close on Oct. 1. PMA Capital also announced that President...
Volunteer Fire Companies Face Funding Woes in Delaware
Sep 21 2010 // Volunteer fire departments across Delaware are having to scrimp and put off buying new equipment just to stay afloat as local, state and charitable funds are harder to find. Kevin Wilson, president of the Delaware...
Buyers Give up on Deal to Buy AIG’s Taiwan Life Unit
Sep 21 2010 // Intended buyers of insurer American International Group’s Taiwan unit have ended their purchase agreement after Taiwan’s regulators opposed the deal [See IJ web site – ....
