Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
R-T Specialty to Acquire Hartan Brokerage in New York City
Mar 24 2016 // R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC in Chicago, announced that it has reached an agreement to acquire substantially all of the assets of Hartan Brokerage, a wholesale insurance...
PartnerRe Appoints EXOR’s Elkann as Chairman; Clarke Named CEO
Mar 24 2016 // EXOR SpA Chief Executive Officer John Elkann was named chairman of PartnerRe, the reinsurer that his investing firm acquired for [$6.9 billion on March 18, 2016 in its largest takeover]. PartnerRe President Emmanuel Clarke...
Update: Lloyd’s Underwriter Marketform Sells UK Med Mal Businesses to Beazley
Mar 24 2016 // Specialist Lloyd’s underwriter Marketform announced it has sold its UK Open Market Medical Malpractice and UK / International Delegated Authority Insurance businesses to Beazley. The team being transferred is led by...
Northwest Bank to Acquire Penn.-Based Best Insurance Agency
Mar 23 2016 // Northwest Bank, based in Warren, Pennsylvania, announced that it has signed a definitive agreement, effective April 1, to acquire Best Insurance Agency Inc., an employee benefits and property/casualty insurance agency in...
China’s Fosun Weighs IPO for Ironshore, Just 4 Months After Acquiring Insurer
Mar 23 2016 // Fosun International Ltd., the Chinese conglomerate led by billionaire Chairman Guo Guangchang, is weighing a possible initial public offering for Ironshore Inc., just months after acquiring the insurer. Fosun may also...
WT Phelan Acquires Martini Agency in Massachusetts
Mar 22 2016 // WT Phelan & Co., an independent insurance agency based in Belmont, Massachusetts, announced that it has acquired Martini Insurance Agency in Woburn, Massachusetts. Terms of the transaction were not disclosed. Martini...
Arthur J. Gallagher to Buy Kane Group’s Insurance Management Operations
Mar 22 2016 // Itasca, Ill.-headquartered Arthur J. Gallagher & Co. announced it has reached an agreement with Kane Group to acquire its insurance management operations (KIM). This acquisition is expected to close on or about March...
PartnerRe’s $6.9B Sale to EXOR Completed; Fitch Issues Downgrade
Mar 21 2016 // PrtnerRe’s new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with a ratings downgrade that reflects some pessimism over the transaction and the...
The Hartford Expands E&S Capabilities with Acquisition of Maxum Specialty
Mar 17 2016 // The Hartford has agreed to purchase Northern Homelands Co., the holding company of excess and surplus lines insurer Maxum Specialty Insurance Group, for $170 million in cash. According to the announcement, Maxum will...
Integro Acquires London-Based Broker, Croton Stokes Wilson Holden
Mar 17 2016 // International insurance broker and risk management firm Integro Ltd. announced the acquisition of London-based Lloyd’s broker Croton Stokes Wilson Holden Ltd. Financial considerations of the transaction have not been...
The Hilb Group Acquires Raley, Watts & O’Neill in Maryland
Mar 16 2016 // The Hilb Group, a middle market insurance agency based in Richmond, Virginia, announced Wednesday that it has acquired Raley, Watts & O’Neill (RWO), an independent agency based in the town of California in...
Arthur J. Gallagher Acquires Oklahoma’s Bomford, Couch & Wilson
Mar 16 2016 // Arthur J. Gallagher & Co. has acquired Bomford, Couch & Wilson Inc. in Miami, Okla. Terms of the transaction were not disclosed. Established in 1904, Bomford, Couch & Wilson (BCW) is a retail insurance broker...
HomeServices of America Acquires Minnesota’s PCG Agencies
Mar 14 2016 // HomeServices of America Inc., a Berkshire Hathaway affiliate, has acquired Minnesota-based PCG Agencies Inc., a large independent personal insurance agency. Terms were not disclosed. Headquartered in St. Paul, PCG offers a...
China Insurer Anbang Offers $6.5 Billion to Buy Major U.S. Hotel Group
Mar 13 2016 // China’s Anbang Insurance Group has agreed to acquire Strategic Hotels & Resorts Inc. for around $6.5 billion, as the owner of New York’s iconic Waldorf Astoria expands its U.S. hotel portfolio, a person...
Arthur J. Gallagher & Co. Acquires Braband Insurance in Illinois
Mar 11 2016 // Itasca, Ill.-based insurance broker, Arthur J. Gallagher & Co., has acquired Vincent L. Braband Insurance Inc. in Arlington Heights, Ill. Terms of the transaction were not disclosed. Established in 1930, Vincent L....
Marshall & Sterling Acquires Valley Group in New York
Mar 11 2016 // Marshall & Sterling Insurance announced that it has acquired the Valley Group Inc., an insurance and financial services agency based in Kingston, New York, with a satellite office in Hopewell Junction, New York. Terms...
H.W. Kaufman Financial Group Acquires New Orleans Site for Burns & Wilcox Center
Mar 10 2016 // The Michigan-based specialty insurance organization, H.W. Kaufman Financial Group, has acquired the Cox Communications Building located in the greater New Orleans area. As part of the acquisition, the building will be...
Hub International Acquires BenefitsMart in Massachusetts
Mar 9 2016 // Hub International Limited announced that it has acquired the assets of BenefitsMart LLC, a benefits brokerage in Burlington, Massachusetts. Terms of the transaction were not disclosed. Founded in 1993, BenefitsMart...
Brown & Milliken Agency, Holmes Agency Announce Merger in Maine
Mar 8 2016 // The Brown & Milliken Agency and the Holmes Agency, two independent insurance agencies based in Ellsworth, Maine, announced that their firms have merged as of March 1. Terms of the transaction were not disclosed. The...
Risk Strategies Acquires Lester Brokerage in New Jersey
Mar 8 2016 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm based in Boston, announced that it has acquired Lester Brokerage, an independent agency in Englewood Cliffs, New Jersey....
