Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AssuredPartners Acquires Ohio Insurance Firms Roemer, Sunforest Transportation
Sep 10 2018 // AssuredPartners Inc. has acquired Roemer Insurance in conjunction with Sunforest Transportation Insurance Group (STIG), both located in Toledo, Ohio. The company was founded in 1934 by Wellington F. Roemer and has always...
USI Insurance Services Acquires Massachusetts’ The Gaudreau Group
Sep 10 2018 // USI Insurance Services (USI), an insurance brokerage and risk management company, has acquired Wilbraham, Mass.-based The Gaudreau Group. Terms of the transaction were not disclosed. Founded in 1921, The Gaudreau Group is...
Aon’s Blackwell to Join JLT Re as Partner
Sep 10 2018 // Global reinsurance broker JLT Re announced that Martin Blackwell will be joining the firm as a partner, Capital Solutions, next month. Blackwell brings 40 years of market experience to JLT Re. He has served as head of...
Rhode Island’s ProTucket Launches First Cell with $35M Surplus Funding
Sep 10 2018 // Pro US Holdings, the sole shareholder and immediate parent of ProTucket Insurance Company – the insurance carrier established in Rhode Island to provide run-off transfer solutions in the U.S. – has contributed...
Nexus Completes Acquisition of Castel’s Aerospace MGA Altitude Risk Partners
Sep 10 2018 // Independent specialty managing general agent Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation platform Castel Underwriting Agencies Limited in an asset...
Connecticut’s Business Risk Partners Appoints Lacey as Principal Underwriter
Sep 7 2018 // Business Risk Partners (BRP), a Windsor, Conn.-based specialty insurance program administrator, has appointed Brad Lacey as a principal underwriter focused on management and professional liability products. Simultaneously,...
Arthur J. Gallagher & Co. Acquires New York’s United Dealer Services
Sep 7 2018 // Arthur J. Gallagher & Co. has acquired United Dealer Services LLC. Terms of the transaction were not disclosed. Based in Highland Mills, N.Y., United Dealer Services LLC is a retail insurance broker and program...
Hub International Acquires Ontario-Based Access Insurance Brokers
Sep 7 2018 // Hub International Limited (Hub), the Chicago-based insurance broker, announced that it has acquired Access Insurance Brokers Inc. Terms of the transaction were not disclosed. Headquartered in Ottawa, Ontario, Access...
Nationwide Buys State Trust Land for $83M, Plans for Regional HQ
Sep 7 2018 // Arizona State Land Department officials say a national insurance company has successfully bid $83 million for about 134 acres of trust land in Scottsdale. Nationwide Mutual Insurance Co. has plans for a mixed-use...
Auto Insurance Broker Confie Battles JC Flowers Over Failed Acquisition
Sep 7 2018 // It took just 78 days for a deal involving billionaire J. Christopher Flowers to blow up. Confie Seguros Holding II Co., an owner of auto-insurance brokerages that cater to Hispanic drivers with spotty credit, paid $100...
Tokio Marine Buys Minority Stake in S. Africa Insurer Hollard for African Foothold
Sep 7 2018 // Japanese insurer Tokio Marine Holdings Inc. agreed to buy a minority stake in South Africa’s Hollard Insurance Co. Ltd. to help both companies expand through Africa. Tokio Marine will pay 5 billion rand ($327...
Nexus Buys Malaysia-Based Structured Solutions Specialist Huntington Underwriting
Sep 6 2018 // Independent specialty managing general agent Nexus Group has acquired Huntington Underwriting Ltd. (HUL), a structured solutions underwriting manager operating out of Labuan International Business and Financial Centre,...
Pryor Cashman Hires Loeber as a Partner in New York City
Sep 6 2018 // Pryor Cashman has hired insurance coverage attorney Christopher Loeber to the firm’s New York office to lead the newly-created Insurance Recovery and Counseling practice. With more than 20 years of experience, Loeber...
Staffpak Announces New Carrier Partner For Staffing Agency and PEO Programs
Sep 6 2018 // Dallas, TX, September 6, 2018— U.S. Risk’s StaffPak program has partnered with program-driven Markel Specialty to offer property and casualty coverage to the staffing and PEO industries. Markel will provide...
Athens Administrators Acquires San Antonio’s 1-2-1 Claims
Sep 5 2018 // Athens Administrators, a provider of third-party claims administration services, has acquired San Antonio, Texas-based 1-2-1 Claims Inc. 1-2-1 Claims Inc. is a licensed third-party administrator (TPA) company specializing...
Hub Acquires Assets of Harman Agency in Idaho
Sep 5 2018 // Hub International Ltd. has acquired the assets of Harman Agency LLC. Terms of the deal were not disclosed. Pepper Harman, owner of Harman Agency, will join Hub Northwest and report to Garth Hamilton, chief sales officer of...
FBinsure Acquires Massachusetts’ Jose S. Castelo Insurance Agency
Sep 5 2018 // FBinsure has acquired the Jose S. Castelo Insurance Agency, an independent agency located in New Bedford, Dartmouth, and Fall River, Mass. Established in 1981 by current President Jose S. Castelo, the agency provides...
Brown & Brown of Kentucky Acquires Massachusetts’ F&I Resources
Sep 5 2018 // Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of F&I Resources, a Westborough, Mass.-based company specializing in helping automotive dealers...
SCOR Denies Press Rumors of Talks with PartnerRe
Sep 5 2018 // French reinsurer SCOR formally denied press claims that the group has been in merger discussions with PartnerRe or any other company. The SCOR statement, which was issued on Sept. 4, comes on the heels of a revelation on...
Enstar to Acquire Maiden Reinsurance North America
Sep 4 2018 // An Enstar Group subsidiary has agreed to acquire Maiden Reinsurance North America from a subsidiary of Maiden Holdings. The net consideration payable in the transactions is $307.5 million, subject to certain closing...
