Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Marsh & McLennan Acquires Florida-Based Vero Insurance
Oct 5 2016 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Vero Insurance, Inc., a Vero Beach, Florida-based independent agency specializing in private client insurance services....
Hub Acquires California-Based Sweet & Baker Insurance Brokers
Oct 4 2016 // Hub International Ltd. has acquired San Francisco, Calif.-based Sweet & Baker Insurance Brokers Inc. Terms of the deal were not disclosed. Bruce Callander, president of Sweet & Baker, will join Hub California and...
Alliant Acquires the Hecht Group in Oregon
Oct 3 2016 // Alliant Insurance Services Inc. has acquired the Hecht Group in Portland, Ore. Terms of the deal were not disclosed. The Hecht Group will join Alliant employee benefits, the company’s national benefits consulting...
Hub International Acquires the Assets of Maine’s Norton Insurance
Oct 3 2016 // Global insurance brokerage Hub International Limited, headquartered in Chicago, Ill., has acquired the assets of Norton Insurance Agency and Norton Financial Services Inc. Terms of the acquisition were not...
Judge May Split Anthem-Cigna Merger Trial into Two Parts
Oct 3 2016 // The judge who will rule on whether the government may stop health insurer Anthem from buying competitor Cigna said Friday that she was considering splitting the trial into phases. Judge Amy Berman Jackson of the U.S....
Texas Surplus Lines Office: Compliance Required After Essex/Evanston Merger
Oct 3 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) is alerting surplus lines insurance professionals in the state that due to the merger of Markel companies Essex Insurance Co. (Essex) into Evanston Insurance Co....
National Flood Insurance Program Buys Private Reinsurance, Plans More in 2017
Oct 3 2016 // The federal government has contracted with private reinsurers to improve the National Flood Insurance Program’s claims paying ability and reduce the need for the NFIP to borrow from the U.S. Treasury to cover future...
Overall Best Agency to Work For: BKS Partners Inc.
Oct 3 2016 // Best Agency to Work For – Overall BKS Partners Inc., Tampa, Florida Intentional Culture, Intentional Passion When Laura Sherman, Lowry Baldwin and Elizabeth Krystyn set out to open Tampa-based BKS Partners Inc. in...
China State-Owned Firm Managers Held Personally Liable for Bad M&A Deals
Sep 29 2016 // Business development managers at Chinese state-owned firms have been put on notice: mess up on M&A deals and you can be held personally liable – for life. Under new rules unveiled by China’s State Council,...
DTRT Insurance Group Acquires Miami-Based Setnor and Associates
Sep 28 2016 // DTRT Insurance Group (Do The Right Thing) has acquired Setnor and Associates, a retail property and casualty insurance brokerage firm based in Miami. The acquisition will expand DTRT’s footprint into a new city and...
Deutsche Bank Sells Insurance Unit to Britain’s Phoenix Group
Sep 28 2016 // Deutsche Bank AG has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets and reduces its balance sheet in an effort to reassure anxious investors and meet regulators’...
BTIS announces partnership with Hiscox for new bind-online Small Business Program
Sep 28 2016 // Rocklin, CA, September 28, 2016- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of a new partnership with Hiscox providing access to small business solutions in 49...
Global Risk Partners Buys Marshall Wooldridge, a UK Broker with Growth Plans
Sep 27 2016 // Global Risk Partners Limited (GRP), the acquisitive insurance broking and managing general agent investment vehicle, has acquired Marshall Wooldridge, a UK commercial insurance broker which controls in excess of £20...
Hawaii Governor Asks Obama for Disaster Funding for Maui flooding
Sep 27 2016 // Hawaii Gov. David Ige said he plans to ask President Barack Obama for federal assistance to help Maui communities clean up and repair areas damaged by flooding through Iao Valley. The state and Maui County have already...
Starr Buys Wright USA from Ironshore, Subsidiary of China’s Fosun
Sep 26 2016 // Starr Companies has acquired Wright USA from Ironshore Insurance Services, a subsidiary of China’s Fosun Group. Wright USA is an insurance agency and third-party administrator principally providing Federal Employee...
R&Q Acquires U.S. Sports Captive Insurer in Runoff
Sep 23 2016 // London’s Randall & Quilter Investment Holdings Ltd. said it has acquired United States Sports Insurance Co., a wholly owned captive insurer of USA Swimming Inc. for $2.1 million. The company being acquired was...
National Flood Insurance Program Buys Private Reinsurance, Plans More in 2017
Sep 22 2016 // The federal government has contracted with private reinsurers to improve the National Flood Insurance Program’s claims paying ability and reduce the need for the NFIP to borrow from the U.S. Treasury to cover future...
JenCap Holdings Acquires Missouri-Based M.J. Kelly Co.
Sep 22 2016 // New York-based JenCap Holdings LLC has acquired privately held M. J. Kelly Co. (MJK), a managing general agency and wholesale insurance brokerage based in Springfield, Missouri, with offices in nine states throughout the...
Texas Nonsubscriber Specialist CPro Associates Buys Accident Insurance Services
Sep 22 2016 // Dallas-based general agency CPro Associates Inc. has acquired Accident Insurance Services Inc., also of Dallas. Both companies specialize in Texas nonsubscriber occupational injury benefit plans. The stock purchase...
NSI Insurance Group Acquires New York Based KMH Insurance Services
Sep 22 2016 // NSI Insurance Group, a Miami Lakes, Florida, based privately held insurance agency, has acquired KMH Insurance Services, a New York based specialty insurance broker focused on serving marine and equine customers. Terms of...
