Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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....
Aegon to Acquire BlackRock’s U.K. Defined-Contribution Pension Business
May 3 2016 // Aegon NV agreed to buy BlackRock Inc.’s U.K. defined-contribution pension business to bolster its position in the country’s workplace-savings market. The deal will transfer 12 billion pounds ($17.6 billion) of...
HUB Acquires Assets of First Santa Fe Insurance Services in New Mexico
May 3 2016 // Hub International Ltd. has acquired the assets of New Mexico-based First Santa Fe Insurance Services Inc. Terms of the deal were not disclosed. First Santa Fe’s operations will become a part of Hub New Mexico and be...
Prime Risk Partners to Acquire Large Midwest Agency
May 2 2016 // Prime Risk Partners Inc. reported it has entered into an agreement to acquire Old National Insurance (ONI), a large independent insurance agency in the Midwest. ONI will operate under the name ONI Risk Partners and will...
Texas-Based Agency Partnership Reports Solid Growth in 2015
May 2 2016 // The Texas-based agency partnership Combined Agents of America LLC (CAA) announced that it produced $96.3 million in total property and casualty revenue in 2015, compared to the $92.2 million in total revenue produced in...
University of Alabama Partners With Industry on Tornado Preparedness Guide
May 2 2016 // The Alabama Center for Insurance Information and Research at The University of Alabama Culverhouse College of Commerce has partnered with the Property Casualty Insurers Association of America, the Alabama Department of...
Champion Risk Acquires Adams Clay Insurance in California
Apr 27 2016 // San Diego, Calif.-based Champion Risk & Insurance Services has acquired Clay Insurance Brokerage Co. in Rancho Santa Margarita. Terms of the deal weren’t released. The acquisition is effective May 1. Robert...
Global Risk Partners Backs LONMAR’s MBO, Supporting Its Growth Strategy
Apr 27 2016 // Global Risk Partners, the acquisitive insurance broking and managing general agency (MGA) investment vehicle, has agreed to back the management buyout of LONMAR Global Risks, the specialist Lloyd’s broker. The...
JenCap Holdings Acquires Trivedi-Capacity in New Jersey
Apr 26 2016 // JenCap Holdings LLC, a portfolio company of private-equity giant Carlyle Group, has acquired Trivedi-Capacity Associates LLC, a specialist MGA and wholesaler based in Mahwah, New Jersey. Terms of the transaction were not...
Labrie Joins Hanover Stone Partners in Connecticut
Apr 26 2016 // Daniel Labrie Hanover Stone Partners, a risk management services firm based in Jersey City, New Jersey, has hired Daniel Labrie as senior risk advisor. Based in Berlin, Connecticut, Labrie will help provide a wide array of...
AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture
Apr 26 2016 // American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to...
KMRD Partners Adds 2 Risk Managers in Pennsylvania
Apr 25 2016 // John Garber KMRD Partners, an insurance brokerage and risk management services firm based in Warrington, Pennsylvania, has hired John Garber and Karl Granlun as risk managers. Garber’s role as risk manager, Client...
UPC Insurance Receives Approval to Acquire Interboro in New York
Apr 22 2016 // United Insurance Holdings Corp. (UPC Insurance), a property/casualty insurance holding company based in St. Petersburg, Florida, announced that it received formal approval from the New York State Department of Financial...
