Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Zurich Completes Acquisition of RCIS Crop Insurance Business
Apr 18 2016 // Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural Community Insurance Co. (RCIC) from Wells Fargo Insurance for $700 million. The two...
Florida Approves Anthem Bid to Acquire Cigna’s Florida-Based Affiliates
Apr 18 2016 // The Florida Office of Insurance Regulation (OIR) has issued a Consent Order approving, with additional requirements, Anthem, Inc.’s application to acquire 100 percent of the issued and outstanding voting securities...
K2 Acquires MGA; Launches Comp, Accident Programs with QBE
Apr 18 2016 // Program specialist K2 Insurance Services (K2) has acquired New Jersey-based High Point Underwriters, a managing general agency (MGA) specializing in workers’ compensation alternatives. K2 also launched a nationwide...
BKS-Partners in Florida Appoints Ingram to Commercial Risk Management Group
Apr 15 2016 // Florida-Based Baldwin Krystyn Sherman Partners (BKS-Partners), has appointed Amy Ingram as managing director of the Commercial Risk Management Group. She will be based in company’s Tampa office. Ingram joins...
Arthur J. Gallagher Acquires Insurance Plans Agency in Illinois
Apr 14 2016 // Arthur J. Gallagher& Co. has acquired Insurance Plans Agency Inc. in South Barrington, Ill. Terms of the transaction were not disclosed. Established in 1983, Insurance Plans Agency Inc. (IPA) is a retail insurance...
Verisk Analytics Acquires Risk Intelligence Ireland, Expanding Global Footprint
Apr 14 2016 // Verisk Analytics Inc. announced the acquisition of Risk Intelligence Ireland, a leading provider of fraud detection, compliance, risk control, and process automation services to the Irish insurance industry. “Risk...
Aquiline Capital to Buy UK’s Simply Business, an Online Small Business Brokerage
Apr 14 2016 // New York-based private equity firm Aquiline Capital Partners LLC on Monday entered into a definitive agreement to acquire Simply Business, an online brokerage service, which delivers tailored small business insurance...
Arthur J. Gallagher Acquires Charles Allen Agency in Minnesota
Apr 13 2016 // Arthur J. Gallagher & Co. has acquired the Charles Allen Agency Inc. in Waite Park, Minn. Terms of the transaction were not disclosed. Founded in 2010, the Charles Allen Agency Inc. (CAA) is a retail insurance broker...
The Hilb Group Acquires Clark-Mortenson Insurance in New Hampshire
Apr 12 2016 // The Hilb Group, a middle market insurance agency based in Richmond, Virginia, announced Tuesday that it has acquired Clark-Mortenson Insurance, a New Hampshire-based insurance and financial services agency. The terms of...
Many Chinese Patients Forced to Buy Hospital Appointment Tickets from Scalpers
Apr 12 2016 // As day breaks, hundreds of patients wait to see doctors in a queue that snakes around the Peking Union hospital in Beijing. Many will wait in vain – “scalpers” like Yu Wei have already illegally bought...
Plenum Launches Diversified ILS Fund, Partnering with Bermuda’s Sequant Re
Apr 11 2016 // Plenum Investments Ltd. has launched an insurance linked securities (ILS) fund, which will invest in collateralized reinsurance transactions, to be sourced and underwritten by Bermuda’s boutique reinsurer Sequant...
Get the Full View of M&A and Organic Growth Best Practices
Apr 11 2016 // Woodmere, OH, April 11, 2016 – MarshBerry is excited to once again host the MarshBerry 360 Seminar Series. These educational events provide a comprehensive packet of strategies that help insurance agencies and brokers as...
Ironshore Acquires Remaining Interest in Lexon Surety
Apr 11 2016 // Bermuda-based specialty insurer Ironshore Inc. said it will acquire the remaining 80 percent equity interest in Lexon Surety Group and its surety-related affiliates. Ironshore said it will be an all-cash transaction. Lexon...
The Hilb Group Acquires P.A. Post Agency in New Jersey
Apr 7 2016 // The Hilb Group, a middle market insurance agency based in Richmond, Virginia, announced Thursday that it has acquired Mahwah, New Jersey-based P.A. Post Agency LLC and its subsidiaries. Terms of the transaction, which...
Arthur J. Gallagher Acquires Oklahoma’s Capitol Benefits Group
Apr 7 2016 // Illinois-based insurance brokerage, Arthur J. Gallagher & Co., has acquired Capitol Benefits Group in Oklahoma City. Terms of the transaction were not disclosed. Founded in 1999, Capitol Benefits Group (Capitol) is an...
Antares Lloyd’s Syndicate Partners with Iron-Starr, Ironshore’s Bermuda MGA
Apr 7 2016 // Ironshore Inc. announced that Antares Syndicate 1274 at Lloyd’s will join as a subscribing insurer for Bermuda-based Iron-Starr Excess Agency Ltd. Iron-Starr is a managing general agency (MGA), which underwrites...
Crest in Arizona and Partners of the West in California Merge
Apr 6 2016 // Cody Ritchie of Crest Insurance Group LLC in Arizona and Ron Wilson of Partners of the West Insurance Services in San Diego, Calif. have merged. Wilson will continue to manage the California division of Crest. Crest...
PartnerRe Names Former EXOR Managing Director, Bonaccorso, as CFO
Apr 6 2016 // PartnerRe Ltd. announced that Mario Bonaccorso, formerly managing director at EXOR SpA, has been appointed chief financial officer, subject to Bermuda Immigration approval. Bill Babcock, who has served as executive vice...
Anbang Insurance to Acquire Allianz’s South Korea Operations
Apr 6 2016 // Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week, has agreed to buy Allianz SE’s operations in South Korea. The Chinese insurer will purchase...
Risk Strategies Acquires Maggs & Associates in New York
Apr 5 2016 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm based in Boston, announced Tuesday that it has acquired Maggs & Associates in Schenectady, New York. Terms of the...
