Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Carlyle Group Acquires Wholesale Trading Co-Op in New York
Apr 5 2016 // Wholesale Trading Co-Op Insurance Services, a wholesale brokerage based in New York City, recently announced that its assets will be acquired by private-equity giant Carlyle Group. Terms of the transaction were not...
Windhaven Insurance Acquires ATX Premier
Apr 5 2016 // Miami, Fla.-based auto insurer, Windhaven Insurance, announced it has acquired ATX Premier, a Texas-based property/casualty provider, in an agreement with NationsBuilders Insurance Services Inc. (NBIS). Technology-focused,...
USI Insurance Services Acquires Forrest Sherer Insurance in Indiana
Apr 5 2016 // USI Insurance Services (USI) has acquired Forest Sherer Insurance Inc. (Forrest Sherer) from First Financial Corp. Headquartered in Terre Haute, Ind., Forrest Sherer has been providing property-casualty, employee benefits...
Element Risk Management Acquires Barnett Insurance in Pittsburgh
Apr 5 2016 // Element Risk Management, an independent agency based in West Chester, Pennsylvania, with an additional office in Bel Air, Maryland, announced that it has acquired Barnett Insurance Inc., an independent agency in...
Florida Approves Anthem Bid to Acquire Cigna’s Florida-based Affiliates
Apr 5 2016 // The Florida Office of Insurance Regulation (OIR) has issued a Consent Order (see below) approving, with additional requirements, Anthem, Inc.’s (Anthem) application to acquire 100 percent of the issued and...
Ageas Completes Acquisition of AXA’s Portuguese Business for $215.2 Million
Apr 5 2016 // Ageas has completed the purchase of AXA’s Portuguese operations, which has a non-life business, a direct/internet non-life business and a life business. AXA said the sale was completed for a total cash consideration...
S&P: Two-Thirds of Insurance M&As Fail to Improve Financial Strength
Apr 5 2016 // The flurry of insurance mergers and acquisitions that yielded about $150 billion of transactions globally in 2015 may endure even after years of “patchy” results for some companies making deals, according to...
AXA Completes Acquisition of Charter Ping An Insurance in Philippines
Apr 5 2016 // AXA Philippines announced it has completed the acquisition of Charter Ping An Insurance Co. for €40 million ($45.6 million) from GT Capital. The acquisition of CPA, the fifth largest non-life insurer in the Philippines,...
Hub Acquires Assets of California-Based Pickett And Associates
Apr 4 2016 // Hub International Ltd. has acquired the assets of La Quinta, Calif.-based Pickett and Associates Inc. Terms of the deal were not disclosed. Pickett’s owners Debra Pickett and Richard Torres will join Hub California...
CBIZ Acquires Savitz Organization in Philadelphia
Apr 4 2016 // CBIZ Inc., a professional business services firm based in Cleveland, announced that it has acquired the Savitz Organization in Philadelphia, effective April 1. Terms of the transaction were not disclosed. Founded in 1968,...
Alliant Acquires Andre-Romberg Insurance Agency in Washington
Apr 4 2016 // Alliant Insurance Services Inc. has acquired Spokane, Wash.-based Andre-Romberg Insurance Agency. Terms of the deal were not disclosed. Andre-Romberg will operate as part of Alliant Americas. Kurtz, along with...
Confie Enters Massachusetts Market With Acquisition of Axiom Insurance
Apr 4 2016 // Confie, a national provider of personal and commercial lines insurance, announced Monday that it has entered the Massachusetts market with the acquisition of Axiom Insurance Agency based in Springfield. Terms of the...
Marsh & McLennan Agency Acquires Corporate Consulting Services in NYC
Apr 4 2016 // Marsh & McLennan Agency LLC, the middle market agency subsidiary of Marsh, announced Monday that it has acquired Corporate Consulting Services Ltd., a New York City-based insurance brokerage and human resource...
Ryan Direct Group Completes Acquisition of Midas Underwriting
Apr 4 2016 // Ryan Direct Group, the subsidiary of Chicago-based Ryan Specialty Group, announced the completion of the acquisition of Midas Underwriting, which was completed on March 31, following regulatory approval. This transaction...
K2 Insurance Acquires MGA, Launches Workers’ Comp, Accident Program with QBE
Apr 4 2016 // Program specialist K2 Insurance Services (K2) has acquired a New Jersey managing general agency specializing in workers’ compensation alternatives and also launched a nationwide workers’ compensation program...
Watford Re Forms E&S Insurer Watford Specialty, Partnering with Arch
Apr 4 2016 // Watford Re Ltd. has formed a new excess and surplus lines insurer called Watford Specialty Insurance Co. (WSIC), based in Morristown, N.J. WSIC’s lines of business “will be similar to what we’ve been...
BB&T Completes Acquisition of Swett & Crawford
Apr 4 2016 // BB&T Corp. said it has completed its acquisition of wholesale insurance and reinsurance broker CGSC North America (Swett & Crawford) from Cooper Gay Swett & Crawford. North Carolina-based BB&T said it...
Zurich Completes Acquisition of RCIS Crop Insurance Business from Wells Fargo
Apr 1 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...
Arthur J. Gallagher Acquires Joseph Distel & Co. in Connecticut
Mar 30 2016 // Arthur J. Gallagher & Co. announced the acquisition of Joseph Distel & Co. Inc. in Farmington, Connecticut. Terms of the transaction were not disclosed. Founded in 1955, Joseph Distel & Co. is a managing...
Minot Acquiring Flood Protection Properties
Mar 30 2016 // Minot, N.D., has acquired more than 60 percent of the properties needed for a flood protection project that will begin construction next year. Finance Director Cindy Hemphill tells the Minot Daily News that the city has...
