Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
ProSight to Acquire NYMAGIC
Jul 15 2010 // New York-based specialty insurer NYMAGIC will be acquired by ProSight Specialty Insurance Holdings Inc. The deal is worth approximately $230 million, with stockholders receiving $25.75 per share in cash — a premium...
Markel to Acquire Workers’ Compensation Insurer FirstComp
Jul 15 2010 // Specialty insurer Markel Corp., has struck a deal worth at least $135 million to acquire Aspen Holdings, which sells workers’ compensation under the name FirstComp to small businesses in 31 states. Aspen, which is...
Best Sees No Change in PartnerRe’s Ratings after Executive Shakeup
Jul 14 2010 // A.M. Best Co. has commented that the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the Bermuda-based PartnerRe Group and its members are unchanged...
Keystone Adds Hall & Clark, Ison as Kentucky Partner Agencies
Jul 14 2010 // Keystone Insurers Group has added two more franchisees to its expanding list of Kentucky partner agencies. Hall & Clark Insurance Agency in Prestonsburg and Ison Insurance Agency of West Liberty join KIG’s 17...
PartnerRe Completes Organizational Integration of PARIS RE
Jul 14 2010 // PartnerRe Ltd. said that it “has successfully concluded the previously announced voluntary severance plan for Paris-based employees related to the Company’s acquisition of PARIS RE in 2009.” The bulletin...
