Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Chedid Capital Acquires 75% Share of UAE Broker Al Manara Insurance Services
May 13 2016 // Chedid Capital Holding, in collaboration with a group of investors in Dubai, has acquired 75 percent of Al Manara Insurance Services Co. Ltd., an insurance brokerage firm with more than 25 years of experience in the United...
Eastern Insurance Acquires BBS Employee Benefits in Massachusetts
May 12 2016 // Eastern Insurance Group LLC, a Natick, Massachusetts-based independent agency, announced that it has acquired BBS Employee Benefits in Newton, Massachusetts. Terms of the transaction were not disclosed. Founded in 2002,...
Great American Insurance Acquires Service Lloyds Texas Nonsubscription Business
May 12 2016 // Great American Insurance Group and Service Lloyds Insurance Co. announced the acquisition of Service Lloyds’ Texas nonsubscription book of business by Great American. The acquisition was effective April 29, 2016. The...
Agency Mergers Set Record with ‘Unstoppable Momentum’ in Q1: Optis
May 11 2016 // Insurance agency mergers and acquisitions hit an all-time high for the first quarter of a year, with 109 reported transactions in the first three months of 2016. The pace slightly outstripped 107 deals reported in the...
Gallagher Partners with Cardinus to Help UK Clients Cut Risk of Underinsurance
May 11 2016 // Arthur J. Gallagher* has partnered with independent specialist Cardinus Risk Management to offer its commercial property and property investor clients a cost-effective nationwide service that will help eradicate the risk...
CMS Acquires Diversified Professional Risk Managers in New York
May 10 2016 // CMS LLC, an insurance wholesaler based in Melville, New York, announced that it has acquired Diversified Professional Risk Managers in Rockville Centre, New York. Terms of the transaction were not disclosed. Established in...
Cigna Cautions That Anthem Merger May Not Happen in 2016
May 9 2016 // Cigna Corp.’s acquisition by health insurance rival Anthem Inc. may not be approved this year, Cigna said Friday in a regulatory filing. Shares of both companies declined. An analyst said the delay could be a sign of...
AXA Plans Additional Acquisitions in Brazil’s Expanding Insurance Market
May 9 2016 // AXA SA, France’s largest insurer, is open to more acquisitions to keep expanding in Brazil even as Latin America’s largest economy suffers its deepest recession on record. AXA expects Brazil’s 360...
Confie Buys Automobile Insurance Specialists, Trinity Insurance & Whitehead Insurance
May 6 2016 // Editor’s Note: This announcement has been updated to correct the name – Automobile Insurance Specialists Inc., based in Las Vegas. Confie has acquired three insurance agencies in Las Vegas, South Florida, and...
New Chubb ‘Off to Good Start,’ Says Greenberg While Assessing Merger, Competition, Agents
May 6 2016 // The new Chubb reported its first quarter results since the Ace Ltd. deal to acquire Chubb closed in January and, according to the man who spearheaded the giant merger, the combined firm is “off to a good start”...
Worldwide Facilities Acquires Sloan Mason in California
May 5 2016 // Worldwide Facilities LLC has agreed to acquire San Diego, Calif.-based Sloan Mason Insurance Services. Paul Mason, founder and president, and his team will join Worldwide Facilities. Mason will assume a leadership position...
USI Insurance Acquires Hanratty & Associates in Minnesota
May 5 2016 // USI Insurance Services has acquired Hanratty & Associates Inc. in Plymouth, Minn. The employees will remain at their current Plymouth location. Terms of the deal were not disclosed. Hanratty & Associates has been...
Gallagher’s Artex Acquires Quest Holdings (Gibraltar), Expanding Europe Foothold
May 5 2016 // Bermuda-based Artex Risk Solutions* announced that it has acquired Quest Holdings (Gibraltar) Ltd., the largest insurance manager in Gibraltar. Founded in 2004, Quest specializes in providing services to insurance...
CSC Completes Acquisition of UK’s Xchanging
May 5 2016 // CSC, the TYSONS, Va.-based technology solutions and services provider, announced it has completed the acquisition of Xchanging plc. “CSC and Xchanging together will create a leader in technology and business process...
LCTA in Louisiana and Prime Occupational Medicine Form Partnership
May 4 2016 // Baton Rouge, La.-based LCTA Workers’ Comp and Prime Occupational Medicine announced a partnership the firms say will not only provide greater health care resources to the employees of LCTA policyholders, but will...
Walsh Duffield Acquires Don Allen Agency in New York
May 4 2016 // Walsh Duffield Companies Inc., an independent insurance agency based in Buffalo, New York, announced that it has acquired Don Allen Agency Inc., based in Rochester, New York. Terms of the transaction, which became...
IMA Financial Group Acquires Waldman Bros in Dallas
May 4 2016 // The IMA Financial Group Inc. has acquired Waldman Bros, a Dallas-based insurance brokerage offering commercial insurance solutions, employee benefits and high-net-worth private client insurance expertise. The subsidiary...
USI Insurance Services Acquires Hanratty & Associates in Minnesota
May 3 2016 // USI Insurance Services (USI) has acquired Hanratty & Associates Inc., headquartered in Plymouth, Minn. Hanratty & Associates has been providing employee benefits and consulting for nearly 40 years. The employees...
Arthur J. Gallagher Acquires Arkansas Agency, Hagan Newkirk
May 3 2016 // Arthur J. Gallagher & Co. has acquired Hagan Newkirk Financial Services in Little Rock, Ark. Terms of the transaction were not disclosed. With operations dating back to the 1960s, Hagan Newkirk Financial Services...
Global Risk Partners Funds Acquisition of McGrady Ltd. in Northern Ireland
May 3 2016 // Global Risk Partners Ltd. (GRP), the London-based insurance broking and managing general agent investment vehicle, has completed its second transaction in Northern Ireland by funding the acquisition of broker McGrady Ltd....
