Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Acquires Houston’s Benefits Unlimited
Aug 3 2010 // Arthur J. Gallagher & Co. has acquired Benefits Unlimited Inc. in Houston, Texas. Terms of the transaction were not disclosed. Established in 1994, Benefits Unlimited offers employee benefits consulting and brokerage...
MetLife to Sell $3 Billion in Stock to Buy AIG Life Unit
Aug 2 2010 // MetLife Inc. said it plans to sell more than $3 billion of stock to help pay for its acquisition of the foreign life insurance business of American International Group, or about 50 percent more than it originally...
How Program Partners Can Help Agents Sell Value
Aug 2 2010 // There is a quote from Warren Buffet that I want to put on my wall and send to all my colleagues: “Price is what you pay. Value is what you get.” Agents, brokers and underwriters should heed Mr. Buffet’s...
TPG Capital Completes Acquisition of Vertafore
Jul 30 2010 // TPG Capital has completed the acquisition of Vertafore, a provider of software and services to the insurance industry. The deal was first announced on June 10, 2010. TPG purchased the company from Hellman & Friedman...
Aon’s Q2 Results Boosted by Acquisitions, Brokerage Business
Jul 30 2010 // Aon reported net income of $153 million in the second quarter 2010, compared to $149 million for the prior year quarter. Net income from continuing operations increased 22 percent to $179 million, compared to $147 million...
A.J. Gallagher Buys Remaining Interest in Australia’s Specialised Broking
Jul 30 2010 // Chicago-based global insurance brokerage firm Arthur J. Gallagher & Co. has acquired the remaining 60 percent equity interest in Specialised Broking Associates Pty. Ltd, (SBA) headquartered in Perth, Western Australia....
Kentucky’s Arison Insurance Acquires Benefits Solutions
Jul 29 2010 // Louisville, Ky.-based insurance and benefits broker Arison Insurance Services, Inc. has acquired London, Ky. based insurance broker, Benefits Solutions, LLC. The acquisition creates Arison’s seventh regional office...
RSA Acquires 123.ie in Ireland
Jul 28 2010 // The UK’s RSA Insurance Group plc announced the acquisition of 123 Money Limited (123.ie), which it described as “one of the leading and fastest growing direct distributors of personal lines insurance products...
Florida’s MDW Insurance Buys Genesis Risk Advisors
Jul 27 2010 // Coral Gables, Florida-based insurance agency MDW Insurance Group has acquired Genesis Risk Advisors. Terms were not disclosed. The founders of Genesis Risk Advisors — Gary Farbish, Craig Weinstein, and Charles...
Goldie to Succeed Clarke as Head of PartnerRe Global Specialty Lines
Jul 27 2010 // Bermuda-based PartnerRe Ltd. announced that Charles Goldie has been appointed Head of Specialty Lines, PartnerRe Global, effective September 1, 2010. The Specialty Lines business unit in PartnerRe Global comprises...
Wilson Joins Business Risk Partners as National Sales Director
Jul 26 2010 // Connecticut-based managing general agent Business Risk Partners has hired Mark A. Wilson as director of national sales. Wilson served as the agency director of broker relations from 2002 to 2006, overseeing marketing for...
BP’s Partners Will Not Set Up Gulf Oil Claims Fund
Jul 23 2010 // The two oil companies that are BP’s partners in the now-capped oil well told Congress Thursday they will not set aside money for cleanup costs along the Gulf Coast because it is BP’s responsibility. Anadarko...
Sweet and Baker Insurance Names Weingart, Freyermuth Partners
Jul 23 2010 // San Francisco-based Sweet and Baker Insurance Broekrs has promoted Rich Weingart and Beau Freyermuth to partners. Both have made significant contributions to the company in the past seven years. Their focus includes...
Bollinger Acquires David Szerlip & Associates
Jul 21 2010 // New Jersey-based insurance broker Bollinger Inc. has acquired David Szerlip Associates of Berkeley Heights, New Jersey, a specialist in insurance programs for nonprofits. The firm’s clients ranged from large,...
Deutsche Bank to Buy AIG’s Wall Street Building for $60 Million
Jul 20 2010 // Deutsche Bank is set to buy American International Group Inc.’s building at 72 Wall Street for about $60 million from a consortium including South Korea’s Kumho Investment Bank, a person with knowledge of the...
The Competitive Advantage: Partnerships
Jul 19 2010 // Do you have a partner you wish you didn’t? Or are you a sole owner and wish you had a partner? I deal with many agency owners facing these two situations. Sometimes the problem begins with wanting a partner and then...
R-T Specialty Acquires Chartwell Independent Insurance Brokers
Jul 19 2010 // R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC based in Chicago, has acquired Los Angeles-based Chartwell Independent Insurance Brokers LLC. Chartwell, founded in September 2004 by Ben Beazley,...
McGrath Insurance Buys Prouty
Jul 16 2010 // McGrath Insurance Group of Sturbridge, Massachusetts has acquired the Prouty Agency, also of Sturbridge, for an undisclosed sum. “Prouty Insurance has a strong tradition of providing close, personal customer...
Donegal Group to Acquire Michigan Insurance Co.
Jul 16 2010 // Donegal Group Inc. has announced the execution of an agreement pursuant to which it will acquire all of the outstanding stock of Michigan Insurance Co., a majority-owned stock subsidiary of West Bend Mutual Insurance Co....
NYMAGIC’s Ratings ‘Unchanged’ Says Best by ProSight Acquisition
Jul 16 2010 // A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of New York Marine Group and its members and the ICR of...
