Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Old Mutual to Invest in African Acquisitions as Sales Slow
Nov 5 2014 // Old Mutual plc, Africa’s biggest insurer, has 4.3 billion rand ($386 million) for acquisitions on the continent, where growth rates higher than advanced countries may help boost sales after third-quarter growth...
EXL Acquires Underwriting Support Services Firm, Overland Solutions
Nov 4 2014 // Business process solutions company EXL has acquired Overland Solutions Inc., an Overland Park, Kan.-based provider of underwriting support services including premium audit, commercial and residential underwriting surveys...
Confie Seguros Acquires 2 New York, 1 California Brokers
Nov 4 2014 // Confie Seguros, a national provider of personal lines insurance, has acquired three insurance brokerages, two in New York’s Buffalo area and one in California. Confie Seguros acquired The Insurance Market Agency Inc....
Baldwin Named Partner at Tampa’s BKS-Partners
Nov 4 2014 // Baldwin Krystyn Sherman Partners (BKS-Partners) in Tampa, Florida, has appointed Trevor Baldwin to partner. He joins Lowry Baldwin, Laura Sherman and Elizabeth Krystyn as partners at the private independent insurance...
Wholesaler RT Specialty Acquires Tennessee Underwriters
Nov 4 2014 // Ryan Specialty Group’s wholesale brokerage, R-T Specialty, LLC (RT) has acquired the assets of excess and surplus broker, Tennessee Underwriters Inc. (TUI). A family-owned business, TUI was formed in 1980 in...
Hilb Group Acquires North Carolina’s Lake Norman Benefits
Nov 4 2014 // The Hilb Group, LLC said it has acquired Lake Norman Benefits of Charlotte, North Carolina. Terms were not disclosed on the transaction that closed on Nov. 1. LNB will continue to operate at its current location under...
Aon Benfield Buys Safe Brokers to Enhance Presence in Greece, Cyprus
Nov 4 2014 // Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has acquired Safe Brokers to strengthen its investment in the Greek and Cypriot markets. Safe Brokers is an independent reinsurance broker with...
Genstar Sells Significant Interest in Insurance Software Firm Insurity
Nov 4 2014 // Private equity firm Genstar Capital said it has sold a significant interest in Insurity, an insurance processing and data integration software business, to TA Associates, a Boston-based private equity firm. San Francisco...
USI Completes Acquisition of 7 Willis Retail Insurance Brokerage Locations
Nov 3 2014 // USI Insurance Services said it has completed its previously announced acquisition of seven retail insurance brokerage locations from Willis North America Inc., part of Willis Group Holdings. Under the agreement, USI...
Starkweather & Shepley Acquires Universal Insurance Agency in Rhode Island
Nov 3 2014 // Starkweather & Shepley Insurance Brokerage Inc. in East Providence, Rhode Island, has acquired Universal Insurance Agency of Smithfield, Rhode Island. Terms of the transaction were not disclosed. Under the...
LSU Flagship Campus Cleared to Buy Its Own Insurance
Nov 3 2014 // Lawmakers have given Louisiana State University (LSU) the authority to leave the state-run insurance program and buy its own coverage in a first-of-its-kind arrangement for a Louisiana public college. University System...
Hub International to Acquire Chicago-Based Laurus Strategies
Oct 29 2014 // Insurance brokerage Hub International Limited (Hub) announced its Chicago-area affiliate Hub International Midwest (Hub Midwest) plans to acquire Laurus Strategies (Laurus) from CSIG Holding Co. Laurus is an employee...
Aon, in Partnership with Hiscox, Offers Ebola Liability Cover
Oct 28 2014 // Aon has launched an Ebola response product available to all health care institutions and features worldwide coverage on cases brought in the U.S. Negotiated in partnership with Hiscox, the product – called the Ebola...
Assurant to Buy French Mobile Device Insurance Broker CWI
Oct 28 2014 // Consumer electronic and household device insurer Assurant Inc. has made a binding offer to acquire CWI Group, a mobile insurance brokerage in France, for approximately €56 million ($71 million). The acquisition by...
Banca Carige Sells Insurance Units to Apollo to Raise Capital
Oct 28 2014 // Banca Carige SpA, one of the two Italian lenders that need to plug a capital shortfall after the European Central Bank’s review, agreed to sell its two insurance units to Apollo Management Holdings LP. Carige will...
Amlin Increases Interest in Leadenhall Capital Partners
Oct 27 2014 // Amlin plc confirms it has signed definitive legal agreements to increase its existing interest in Leadenhall Capital Partners LLP, an investment manager in (re)insurance-linked securities which Amlin established in joint...
Florida’s AssuredPartners Acquires Alabama’s Turner & Hamrick
Oct 23 2014 // Agency acquirer AssuredPartners Inc. of St. Mary, Florida, has purchased the assets of Turner & Hamrick, LLC, headquartered in Troy, Alabama. The Alabama agency specializes in insurance for the trucking industry, in...
LexisNexis and Jing You Plan China Joint Venture for Auto Carriers
Oct 23 2014 // LexisNexis Risk Solutions, a division of Reed Elsevier, plans to create a joint venture with Jing You, a private supplier of data, software and services to the insurance industry in the People’s Republic of China....
Mercury Agrees to Acquire Workmen’s Auto Insurance in California
Oct 23 2014 // Mercury General Corp. has entered into a definitive agreement to purchase of Workmen’s Auto Insurance Co. Both insurers are based in Los Angeles, Calif. The purchase price is $8 million and the transaction is...
The Horton Group Acquires BF&S Insurance
Oct 22 2014 // Orland Park, Ill.-based insurance brokerage, The Horton Group, announced the acquisition of certain assets of Boyle, Flagg and Seaman (BF&S) Insurance, located in Illinois and Michigan. BF&S’s Illinois retail...
