Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Jordan Sells California Insurance Agency to Daughter
Jan 26 2010 // Elmer R. Jordan, past president of the Independent Agents and Brokers Association of the San Fernando Valley, Calif., has sold his agency to his daughter Karen Jordan-Quigley. The new name of the agency is Karen &...
Asia Special Situation Acquisition Corp. Makes Insurance Company Buy
Jan 25 2010 // The Asia Special Situation Acquisition Corp. (ASSAC) announced that it has completed its business combination by the acquisition of one insurance company together with approximately $650 million of assets from two...
How Rising Capital Gain Tax Rates Might Impact Tomorrow’s M&A Market
Jan 24 2010 // Agencies Contemplating Selling Soon Should Understand Their Opportunity Costs First Capital gain tax rates will increase when the current legislation sunsets at the end of 2010. The best case scenario is the current 15...
How Small Group Partnerships Help Agencies to Grow Employee Benefits Revenue
Jan 24 2010 // Gibson Insurance Group, Bolton & Co. Tell Their Tales of Growth In today’s challenging economic environment, property/casualty brokers are struggling to thrive. Toss in management of increasingly complex employee...
Private Crop Insurers Oppose Funding Cuts
Jan 22 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program they say would cut $4 billion — or $800 million a year — over the next five years. The proposal, by the...
White Mountains Re to Buy Troubled Nebraska-Based Insurer
Jan 22 2010 // White Mountains Re Ltd., a wholly owned subsidiary of White Mountains Insurance Group Ltd. has agreed to acquire Central National Insurance Company of Omaha, Neb., from Drum Financial Corporation. In runoff since 1989,...
Lockton Acquires Equity Stake in South Korean Broker IMI
Jan 21 2010 // Lockton announced that it has obtained a “significant equity holding in South Korean insurance broker IMI, with options to purchase an increased shareholding.” IMI has also been renamed Lockton Companies...
Risk Strategies Acquires GSM Insurance Services
Jan 20 2010 // Risk Strategies Co., a national insurance brokerage and risk management firm has completed its acquisition of GSM Insurance Services in Irvine, Calif. GSM is a specialty insurance organization with a focus on construction...
The Hanover Acquires The Campania Group
Jan 19 2010 // Worcester, Massachusetts-based insurer The Hanover Insurance Group Inc. will acquire The Campania Group, a medical and general liability insurer for the health care industry. Terms of the deal were not disclosed. The...
Copart to Acquire Five UK Facilities
Jan 15 2010 // Copart UK Limited announced that it has agreed to acquire D Hales Limited, a UK-based vehicle salvage disposal company, headquartered in Bristol, with five auction and auto parts facilities located in Bristol (Avonmouth),...
Florida Workers’ Comp Insurer SUNZ Buys Tennessee’s Brentwood National
Jan 15 2010 // SUNZ Insurance Co. of St. Petersburg, Fla. reported it has acquired Brentwood National Insurance Co. of Brentwood, Tenn., a workers’ compensation services and claims firm. SUNZ sells workers’ compensation...
The Hanover Insurance: Focused on Niches, Says More Acquisitions Likely
Jan 14 2010 // The Hanover Insurance Group Inc.’s CEO Frederick H. Eppinger expects the western United States to be a key growth driver for the super-regional insurer in the next several years. Having just entered into a renewal...
Mississippi’s Jackson County Readying to Buy Flood Prone Properties
Jan 14 2010 // A program to buy oft-flooded properties in Jackson County, Mississippi may be moving forward after years of delays. After Hurricanes Georges in 1998 and Katrina in 2005, the Federal Emergency Management Agency and...
Trans Cal Sells Zurich Transportation Accounts to Cochrane & Co.
Jan 14 2010 // Trans Cal has sold all Zurich transportation accounts of Trans Cal to Cochrane & Co. Inc., the Spokane, Wash., company announced. The sale became effective on Dec. 31, 2009, and applies to existing Zurich accounts and...
Thompson Coe Appoints Yacuk Partner in Insurance Section
Jan 11 2010 // Texas-based Thompson, Coe, Cousins & Irons has appointed Jason M. Yacuk as a partner in its Insurance Litigation and Coverage section. Yacuk has been with Thompson Coe since 2006. Yacuk maintains an active litigation...
Virginia’s TowneBank Buys Taylor Johnson Insurance Group
Jan 6 2010 // Virginia-based TowneBank has acquired Taylor Johnson Insurance Group, which will become part of the bank’s affiliate, Towne Insurance Agency. Taylor Johnson Group, headquartered in Virginia Beach, Virginia, employs...
Brown & Brown Acquires San Antonio’s Alamo Insurance Group
Jan 6 2010 // Florida-based Brown & Brown Inc. announced that through a subsidiary it has acquired the assets of Alamo Insurance Group Inc., of San Antonio, Texas. Alamo Insurance Group, with annual revenues of approximately $4.3...
Florida Peninsula to Acquire Home Insurer Edison
Jan 5 2010 // Boca Raton-based Florida Peninsula Holdings has agreed to acquire another Florida property insurer, Edison Insurance Group, including its two subsidiaries, Edison Insurance Co. and Edison Insurance Underwriters. The...
Premium Financing Specialists Acquires Universal Premium Acceptance
Jan 5 2010 // Premium Financing Specialists Inc. (PFS) has closed the acquisition of another Kansas City metro area-based premium finance company, Universal Premium Acceptance Corp. (UPAC). The combined company of almost 300 employees...
Main Street America Acquires Texas Surety Business from CAIC
Jan 4 2010 // Houston-based CAIC Holding Co.Inc. (CAIC) has sold its surety division to property/casualty insurance carrier The Main Street America Group, based in Jacksonville, Fla. The firms said the agreement is effective Jan. 4,...
