Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown Buys Some Business from Pennsylvania’s Greystone
Oct 25 2010 // Insurance broker Brown & Brown has acquired part of the business of Berwyn, Pa.-based Greystone Benefits, Inc. The company said that the acquired book of business, with annual revenues of approximately $1.2 million,...
Willis Acquires Prestige Office Building in Birmingham, UK
Oct 22 2010 // Willis Group Holdings announced that it has secured the biggest office letting in Birmingham’s Jewellery Quarter this year at the landmark 40 St. Paul’s Place. Willis Group Chairman and CEO Joe Plumeri...
Hub Acquires Burnham
Oct 18 2010 // Chicago-based broker Hub International has acquired Burnham and Company Inc., of New Jersey. Terms of the deal were not disclosed. Burnham, based in Englewood Cliffs, has approximately $4 million in annual revenue. It will...
Markel Completes Acquisition of Aspen, FirstComp
Oct 18 2010 // Markel Corp. has completed the previously announced acquisition of Aspen Holdings, Inc., a privately held insurance group that provides workers compensation insurance and related services, principally to small businesses,...
Aon to Cut 1,500 Jobs After Hewitt Merger
Oct 15 2010 // The insurance conglomerate Aon Corp. says it will cut 1,500 to 1,800 jobs over the next three years after acquiring Hewitt Associates. The Chicago company says the cuts and other restructuring will be complete at the end...
Ironshore, Distinguished Programs Group Form Acquisition Unit
Oct 14 2010 // Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the managing general underwriter and...
Clements Europe Acquires Vehicle Risk Management Book from Lockton
Oct 14 2010 // Insurer Clements Europe has acquired the International Vehicle Risk Management (IVRM) business from broker Lockton. The IVRM business consists of overseas diplomats and International fleet business, complementing Clements...
XL Partners with Breed’s Hill for New England Real Estate Coverage
Oct 13 2010 // Insurer XL Insurance has partnered with Massachusetts-based Breed’s Hill Insurance Agency, a managing general underwriter, to offer general liability and property coverage for multi-unit apartment buildings, condos...
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...
