Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
XL to Acquire Entertainment Insurance Firms Allied Specialty, T.H.E Company
Aug 11 2015 // Insurer X.L. America Inc. has agreed to acquire Allied International Holdings Inc., the Florida-based holding company of Allied Specialty Insurance Inc. and T.H.E. Insurance Co., a leading insurer of the outdoor...
Marsh & McLennan Acquires Florida-Based Tequesta Insurance Advisors
Aug 11 2015 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Tequesta Insurance Advisors, a personal, commercial, and employee benefits insurance provider in Florida. Terms of the...
AIG, Other Insurers Avoid Offering Cover for Tax Risks in Indian M&As
Aug 11 2015 // Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India’s whimsical tax regime to help convince insurers. Companies from Allianz SE to American International Group Inc....
Hub International Acquires Triangle Insurance in North Carolina
Aug 10 2015 // Insurance brokerage Hub International Limited announced that it has acquired the assets of Triangle Insurance Services Inc., an independent insurance agency based in Raleigh, North Carolina. Terms of the acquisition were...
Howden UK Acquires Perkins Slade, Independent Broker
Aug 10 2015 // Howden UK, part of the Hyperion Insurance Group, is delighted to announce the acquisition of Perkins Slade Forrest Holdings Ltd., subject to shareholder and regulatory approval. Perkins Slade is a leading independent...
Marsh Acquires South Carolina-Based Technology Provider Dovetail Insurance
Aug 10 2015 // Marsh has signed a definitive agreement to acquire Dovetail Insurance, a provider of insurance technology services tailored to the U.S. small commercial market. Terms of the transaction, which is expected to close in the...
California Agency Becomes Consolidated Agency Partners’ 200th Member
Aug 7 2015 // Greg O’Brien Insurance Services in Santa Barbara, Calif. has become Consolidated Agency Partners Inc.’s 200th agency member. Reno, Nev.-based CAP offers a range of commercial and personal carrier products. CAP...
Incoming, Outgoing Travelers CEOs See Smooth Transition, Talk M&A
Aug 7 2015 // Departing Travelers Insurance CEO Jay Fishman and his designated successor, Alan Schnitzer, insist that that the change won’t be wrenching, and that the property/casualty insurance giant will experience a smooth...
Gallagher Plans to Buy Controlling Stake in Colombian Broker Guianza
Aug 7 2015 // Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has signed an agreement to acquire a controlling stake in Colombian retail insurance broker Guianza S.A. Corredores de Seguros,...
Union Insurance Group Acquires The McLaughlin Co. in Maryland
Aug 6 2015 // Union Insurance Group, a Chicago-based commercial insurance agency specializing in property/casualty and professional liability products for labor organizations, announced that it has acquired The McLaughlin Company, an...
Hub International Acquires Colorado Nonprofit Insurance Agency
Aug 6 2015 // Hub International Limited has acquired Colorado Nonprofit Insurance Agency. Terms of the deal were not disclosed. CNIA is a wholly owned subsidiary of the Colorado Nonprofit Association that offers property/casualty and...
Private Equity Firm Odyssey Buys Broker Integro
Aug 5 2015 // New York and Los Angeles private equity firm Odyssey Investment Partners, LLC has agreed to acquire Integro Ltd., a specialty insurance brokerage and risk management firm. Financial details of the investment were not...
AIG Focuses on Integrating Japan Businesses, Rather Than Additional M&As
Aug 5 2015 // American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan. The timetable for merging AIU with Fuji Fire & Marine...
Best Downgrades PartnerRe and Subs Ratings; Remains under Review
Aug 5 2015 // A.M. Best announced that it has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “a+” from “aa-”...
UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study
Aug 5 2015 // Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the size of the total non-life insurance broking market in the UK in 2014, up marginally from £4.55...
Willis Appoints Norris Managing Partner in Alabama
Aug 5 2015 // Willis North America has appointed Ben Norris as managing partner, Willis of Alabama, effective immediately. In this role, he will be responsible for Willis’s operations across its offices in Birmingham, Huntsville,...
Regions Insurance Acquires Georgia-Based The A.I. Group
Aug 5 2015 // Regions Insurance, Inc., a subsidiary of Regions Insurance Group, Inc. and an affiliate of Regions Bank, has acquired The A.I. Group, Inc., with offices in Greater Atlanta and Athens, Georgia. The A.I. Group provides...
Risk Innovations Acquires Columbia Commercial General Agency
Aug 4 2015 // Atlanta, Ga.-based Risk Innovations LLC has acquired Columbia Commercial General Agency (CCGA), headquartered in Columbia, Mo. The deal was effective Aug. 1, 2015. The acquired business will continue to operate in Columbia...
Hub International Acquires BW Insurance Agency
Aug 4 2015 // Hub International Limited (Hub), a global insurance brokerage based in Chicago, has acquired BW Insurance Agency Inc. (BWIA) a wholly-owned subsidiary of Bank of the West. BWIA is a multi-line property and casualty,...
Texas Professional Insurance Agents Partners with EFG Cos.
Aug 4 2015 // With the aim of helping member agents boost their revenues, Texas Professional Insurance Agents (PIA) is partnering with EFG Cos. to offer ancillary consumer protection products. Texas PIA selected the Simplicity Division...
