Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Risk Strategies Acquires Benefit Development Group in Massachusetts
Oct 21 2014 // Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired Benefit Development Group, a Worcester, Massachusetts-based broker for health insurance, group, and...
Heffernan Acquires Pilot Employee Benefits in New York
Oct 21 2014 // Heffernan Insurance Brokers announced it has purchased the assets of Pilot Employee Benefits of Melville, New York. Family owned and operated for over 50 years, Pilot Employee Benefits has developed benefits programs and...
EEOC Investigating Mandatory Retirement Age for Law Firm Partners
Oct 21 2014 // The Equal Employment Opportunity Commission is investigating whether mandatory retirement provisions at Deloitte LLP violate federal employment law. The American Institute of Certified Public Accountants, the trade...
Wells Fargo, Telemundo Partner on Financial Literacy Campaign for Hispanics
Oct 21 2014 // Wells Fargo of San Francisco has partnered with Miami-based media giant Telemundo for a six-week media campaign targeting financial literacy within the Hispanic community. Launched Oct. 13, “Conversemos de Tus...
LSU Flagship Campus Authorized to Buy Its Own Insurance
Oct 20 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...
Marsh to Acquire Flood Insurance Technology Firm Torrent
Oct 20 2014 // Insurance broker Marsh has agreed to acquire Torrent Technologies Inc., which serves Write Your Own (WYO) insurers participating in the National Flood Insurance Program (NFIP). Torrent’s approximately 100 employees...
Brokers Willis Group, Miller Talk Merger of Wholesale Brands
Oct 20 2014 // Willis Group Holdings and Miller Insurance Services LLP are engaged in talks to merge their wholesale insurance businesses. The resulting wholesale brokerage firm would trade under the Miller brand, governed and regulated...
China’s Anbang Insurance to Acquire Waldorf Astoria for $1.95B
Oct 20 2014 // Hilton Worldwide is selling the Waldorf Astoria New York to Chinese insurance company Anbang Insurance Group Co. for $1.95 billion. Hilton will continue to manage the storied hotel for the next 100 years as part of an...
Global Indemnity to Acquire American Reliable from Assurant Specialty
Oct 17 2014 // Assurant Specialty Property, a business segment of Assurant Inc., has agreed to sell its general agency business and associated insurance carrier, American Reliable Insurance Co., to Global Indemnity Group Inc., the U.S....
