Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
BNC Insurance Agency Acquires Milbrandt & Co. in New York
Mar 31 2015 // BNC Insurance Agency Inc., an independent agency based in Rye Brook, New York, announced that it has acquired Milbrandt & Co. Inc., an independent agency based in New Rochelle, New York, with a satellite office in...
Endurance to Acquire Montpelier for $1.8 Billion
Mar 31 2015 // Bermuda-based Endurance Specialty Holdings Ltd. and Montpelier Re Holdings Ltd. announced a merger today, in which Endurance will acquire Montpelier in a stock-cash deal for roughly $1.8 billion. Specifically, the deal...
Bank of Ireland Shares Fall 6%, as Fairfax Financial Sells Stake
Mar 31 2015 // Canada’s Fairfax Financial Holdings has sold half of its 5.8 percent stake in Bank of Ireland for more than triple what it paid for it in 2011, a source with knowledge of the deal said, pushing the share price down 6...
ProSight, Affinity Partner on Golf, Country, Leisure Club Program
Mar 27 2015 // ProSight Specialty Insurance and Affinity Agency Group, LLC have partnered to create ClubComplete, a specialized one-stop insurance product for golf, country and leisure club owners and managers. ProSight’s...
Vertafore Partners to Expand Cloud, Data, Mobile Offerings
Mar 27 2015 // Insurance software provider Vertafore announced three new partnerships to expand its end-to-end technology offerings for the cloud, data, and mobile spaces at its user conference, NetVU15, now taking place in Indianapolis...
Florida Cat Fund Cleared to Buy $2.2B of Reinsurance
Mar 27 2015 // In what counts as excellent news both for Florida taxpayers and the private insurance market, Gov. Rick Scott and the State Board of Administration have approved a request from the Florida Hurricane Catastrophe Fund to...
California, Others Seek Full Funding For West Coast Quake Warning
Mar 26 2015 // Three dozen members of Congress from California, Oregon and Washington are pressing for full funding of a West Coast earthquake early warning system. The group this week sent a letter to the House Appropriations Committee...
Brown & Brown Acquires Assets of Spain Agency in New York
Mar 23 2015 // Brown & Brown Inc. announced today that its subsidiary Brown & Brown of New York Inc. has acquired certain assets of Spain Agency Inc., an independent agency based in Mahopac, New York. Terms of the transaction...
Cross Insurance Acquires Corcoran & Havlin Insurance in Massachusetts
Mar 23 2015 // Cross Insurance, an independent insurance agency headquartered in Bangor, Maine, announced today it has purchased Corcoran & Havlin Insurance Group, an independent agency in Wellesley, Massachusetts. Terms of the...
M&A Calendar: P/C Agent, Broker Mergers & Acquisition Headlines in 2014
Mar 23 2015 // Insurance Journal reported on more than 200 deals involving agencies’ or brokerages’ mergers and acquisitions in 2014. Activity was busiest in the first and fourth quarters, with more than 60 announcements...
Domenick & Co. Acquires Human Services Co. in Baltimore
Mar 19 2015 // Domenick & Company, a Philadelphia-based independent agency specializing in providing property/casualty insurance and risk management services to the nonprofit sector, announced it has acquired the assets of Human...
Beacon Pointe Acquires Albert Heeg in California
Mar 19 2015 // Newport Beach, Calif.-based Beacon Pointe Advisors has acquired Albert Heeg Investment Management Co. Alameda, Calif.-based Albert Heeg joins Beacon Pointe’s institutional consulting services group, which specializes...
Chicago-Based Alper Services Partners with Germany’s unisonBrokers
Mar 19 2015 // Alper Services LLC, an independent insurance brokerage in Chicago, Ill., announced it recently signed an agreement with unisonBrokers, a global broker network with multinational insurance and risk management services, who...
China’s Fosun and Ping An Insurance Vying to Buy $1.6 Billion Berlin Complex
Mar 19 2015 // Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, is vying with Ping An Insurance (Group) Co. to acquire 18 buildings on Berlin’s Potsdamer Platz square, people with knowledge of the matter...
Kaplansky Insurance Acquires North State Insurance in Massachusetts
Mar 18 2015 // Kaplansky Insurance Agency, an independent agency headquartered in Needham, Massachusetts, recently announced that it has acquired North State Insurance Agency of Chelmsford, Massachusetts. Terms of the transaction were...
AmTrust to Acquire ARI Mutual Insurance in Pennsylvania
Mar 18 2015 // AmTrust Financial Services Inc. announced today that it has entered into a definitive agreement, pending regulatory and policyholder approval, to acquire ARI Mutual Insurance Company in Newtown, Pennsylvania, following the...
Female Senior Partner: No Discrimination at California Investment Firm
Mar 18 2015 // One of the most powerful women in venture capital and a well-respected tech investor says she never saw or experienced gender discrimination at the California firm at the center of a $16 million gender bias lawsuit. Mary...
AAIS, ACORD Partner on Standards for Insurers
Mar 17 2015 // Two major organizations that supply standard forms, rating information and policies to the property/casualty insurance industry have agreed to work more closely together. The American Association of Insurance Services...
P/C Insurance M&As: Deal Value Up, More to Come
Mar 17 2015 // Merger and acquisition activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that the...
Norway’s Storebrand Buys Real Estate, Mortgages to Escape Negative Yields
Mar 17 2015 // Storebrand ASA, Norway’s largest listed insurance company based on assets under management, is buying mortgage bonds and real estate to escape negative rates. “Mortgage and corporate loans, where we are...
