Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Beecher Carlson Sets Up Private Equity/M&A Team, Hires 3 From Crystal and Co.
Jun 4 2014 // Beecher Carlson Insurance Services LLC, a specialized large account brokerage and a wholly-owned subsidiary of Brown & Brown Inc., established a national private equity/mergers and acquisitions team in New York. The...
Minova Insurance Launched with Capital Z Partners’ Investment
Jun 3 2014 // Minova Insurance Holdings Ltd. announced its official launch, as well as the completion of the previously announced investment by Capital Z Partners, raising $50.7 million. Minova Insurance replaces BMS Associates as the...
State Auto Acquires Partners General Insurance Agency
Jun 2 2014 // Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) has completed its purchase of Partners General Insurance Agency (PGIA), a managing general underwriter specializing in excess and surplus lines...
Patriot Underwriters Partners with Scottsdale to Offer Workers Comp Coverage
Jun 2 2014 // Patriot Underwriters, Inc. (PUI), a provider of workers’ compensation insurance products headquartered in Fort Lauderdale, Fla., has partnered with Scottsdale Insurance Co. to serve as a program administrator with...
Marsh & McLennan Agency Acquires Senn Dunn in North Carolina
Jun 2 2014 // Marsh & McLennan Agency LLC (MMA) said it has acquired Senn Dunn Insurance in North Carolina. Terms of the transaction were not disclosed. Founded in 1927, Senn Dunn has annual revenue of approximately $30 million and...
Vienna Insurance Stays Out of Russia as Acquisition Targets Rare
Jun 2 2014 // Vienna Insurance Group AG (VIG), Eastern Europe’s biggest insurer, said it won’t expand into Russia even as the number of acquisition targets in other parts of the region shrink. VIG, which is based in the...
N.Y. Seeks More Rules for Investment Firms’ Buys of Insurers
Jun 2 2014 // The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in...
Christie: All Eligible Sandy-Damaged Homes in N.J. Will Get Funding to Rebuild
May 30 2014 // All New Jersey homeowners who were put on a waiting list for the state’s signature post-Superstorm Sandy housing program will receive funding to rebuild, New Jersey Gov. Chris Christie said Wednesday. Christie said...
Willis Completes Acquisition of Specialist Broker Charles Monat
May 29 2014 // Willis Group Holdings plc announced that it has received the relevant regulatory approvals from the Monetary Authority of Singapore and has completed its acquisition of specialist broker Charles Monat Limited, a life...
UPC Insurance Calls Off Deal to Acquire Sunshine State Insurance
May 28 2014 // United Insurance Holdings Corp. (UPC Insurance Co.) has terminated its bid to acquire financially-troubled Sunshine State Insurance Co. (SSIC), a Florida property/casualty insurance company. UPC’s intent to rescue...
Gallagher Buys Florida’s MGA Insurance Group
May 28 2014 // Arthur J. Gallagher & Co. said it has acquired MGA Insurance Group of Lakewood Ranch, Florida. Terms of the transaction were not disclosed. Established in 1989, MGA Insurance Group (MGA) is a national program...
Worldwide Facilities Partners with Beazley, Canopius to Offer Energy Insurance
May 27 2014 // Worldwide Facilities, Inc. has formed a strategic partnership with the Canopius and Beazley Lloyd’s of London syndicates to provide a new underwriting platform for land-based oil and gas lease operators. Products...
RGEB Acquires Parts of A. A. Friss and Alan S. Pearlstein
May 27 2014 // Canoga Park, Calif.-based RGEB Employee Benefits has acquired the individual, Medicare and group health insurance businesses of A. A. Friss Insurance Services and Alan S. Pearlstein Insurance Services. Both A.A. Friss and...
Willis to Acquire Sweden’s Employee Benefits Provider Max Matthiessen
May 27 2014 // Willis Group Holdings plc announced that it will acquire a controlling stake of approximately 75 percent in Max Matthiessen, an employee benefits adviser in Sweden, for $205 million. Willis said the acquisition...
Brown & Brown Completes Acquisition of Wright Insurance Group
May 22 2014 // Brown & Brown Inc. said it has completed its acquisition of specialty and flood insurance company The Wright Insurance Group, LLC. In January, Florida-based national insurance broker Brown & Brown said it would...
N.Y. Calls for More Oversight for Investment Firms’ Acquisitions of Insurers
May 20 2014 // The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in...
Hilb Group Acquires Florida’s Newman & Crane
May 20 2014 // The Hilb Group of Richmond, Va., has acquired Newman Crane & Associates of Orlando, Fla. NCA will continue to operate at its current location under the leadership of Steve and Jamie Buckner. Established in 1965, NCA...
Marsh & McLennan Agency Acquires Visicor in Texas
May 19 2014 // Marsh & McLennan Agency LLC has acquired Visicor, an employee benefits brokerage and consulting firm based in Friendswood, Texas. Terms of the deal were not disclosed. All of Visicor’s leadership and employees...
United Insurance to Acquire Florida’s Sunshine State Insurance
May 16 2014 // United Insurance Holdings Corp. (UPC) has agreed to acquire 100 percent of Sunshine State Insurance Co. (SSIC), a Florida domiciled property/casualty insurance company. SSIC, based in Jacksonville, Fla., offers homeowners,...
Axiom RE Acquires Assets of Axia Strategies in Minnesota
May 14 2014 // Burlington, N.C.-based Axiom Re LP, an indirect subsidiary of Brown & Brown Inc., has acquired certain assets of Axia Strategies Inc. in Minnesota. Following the transaction, Axia’s principals and their team will...
