Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Year-over-Year, M&A Activity Sustains a Moderate Pace
Aug 16 2010 // Buyers and Sellers Remain Cautious Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last....
Fortress to Buy Majority of AIG Consumer Finance Unit
Aug 12 2010 // American International Group Inc is selling most of its consumer finance unit to Fortress Investment Group at a deep discount and will recognize a $1.9 billion pretax loss as a result. AIG, majority owned by the U.S....
E&S Wrap Up: Broker Mergers, Expansions and Start Ups
Aug 12 2010 // As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many...
Hallmark Financial to Acquire State Auto’s Non-Standard Auto Unit
Aug 10 2010 // Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced that its subsidiary, Hallmark Insurance Co., will acquire State Auto National Insurance Co. from Ohio-based State Auto Financial Corp. (STFC)....
Synergy Benefits Acquired by Brown & Brown
Aug 9 2010 // Florida-based Brown & Brown has acquired Virginia-based benefits firm Synergy Benefits Inc. for an undisclosed sum. Synergy, which has annual revenue of approximately $1.2 million, will merge with Manassas office of...
Keystone Insurers Group Adds Miller & Miller as 23rd Ohio Partner
Aug 9 2010 // Keystone Insurers Group’s newest Ohio partner, Miller & Miller Inc., of Dover, has become the group’s 23rd agency in Ohio and one of 212 independent agencies in six states that comprise and own...
Alabama Buys Hurricane Policy
Aug 9 2010 // Alabama will pay $800,000 annually for three years to an insurance company as a hedge against heavy damage to state property on the coast from a major hurricane. Under the deal that took effect last month, global insurer...
Business Risk Partners Buys Renewal Rights from ProAssurance
Aug 6 2010 // Connecticut-based Business Risk Partners has purchased the renewal rights to the miscellaneous professional liability book of Houston-based ProAssurance Mid-Continent Underwriters Co. Underwriting on behalf of...
Cincinnati Bengals Partnering with Nationwide Insurance on Growl-Off
Aug 6 2010 // Cincinnati Bengals fans will soon know who has the World’s Greatest Bengals Growl, in a first-of-its-kind contest outside Paul Brown Stadium this season. It’s just one element of the new partnership between...
Equity Risk Partners Names Fitzpatrick Director-Executive Liability
Aug 5 2010 // San Francisco-based Equity Risk Partners (ERP), an insurance brokerage and consulting firm focusedon the needs of the private equity industry, has added Joseph Fitzpatrick as director – executive liability. He will...
Pennsylvania Approves PMA Acquisition
Aug 4 2010 // Pennsylvania insurance regulators have given their OK to a planned acquisition of PMA Capital Cos. by Old Republic International Corp. Pennsylvania is the statutory regulator for PMA, which is based in Blue...
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...
