Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Catalina Holdings to Acquire SPARTA Insurance in Connecticut
Mar 26 2014 // Catalina Holdings Ltd., a Bermuda-based consolidator in the non-life run-off sector, announced it has agreed to acquire SPARTA Insurance Holdings, a property/casualty underwriting company in Hartford, Conn. Following the...
CoreLogic in California Acquires Marshall & Swift/Boeckh and DataQuick
Mar 25 2014 // CoreLogic closed its acquisition of Marshall & Swift/Boeckh and DataQuick Information Systems, a property data and analytics information company. The acquisition also included the credit and flood services operations...
Arthur J. Gallagher Acquires Spataro Insurance Agency in New York
Mar 24 2014 // Arthur J. Gallagher & Co. announced that it has acquired Spataro Insurance Agency Inc. located in Burnt Hills, New York. Terms of the transaction were not disclosed. Founded in 1932, Spataro Insurance Agency is a...
Aronson Insurance Acquires Shuffain Insurance Agency in Massachusetts
Mar 24 2014 // Aronson Insurance, an independent insurance agency in the suburban Boston area of Needham, Mass., has acquired Shuffain Insurance Agency of Sharon, Mass. Aronson Insurance is an independent insurance agency owned and...
Biglari Holdings Acquires First Guard Insurance in Florida
Mar 24 2014 // Biglari Holdings in San Antonio, Texas, last week announced its acquisition of Venice, Florida-based First Guard Insurance Co. and its affiliate, 1st Guard Corp. The terms of the transaction were not disclosed. First Guard...
Top U.S. P/C Agency and Brokerage Acquirers in 2013
Mar 24 2014 // Insurance Journal‘s review of property/casualty agency and brokerage mergers and acquisitions occurring in 2013 found that Arthur J. Gallagher was the most active agency acquirer – as was the case in 2012. Hub...
Flashback: Key P/C Insurance Mergers and Acquisitions of 2013
Mar 24 2014 // Compared to some previous years, there were not a lot of mergers in the property/casualty carrier space in 2013 but there were some interesting ones. Major carrier transactions included specialty insurer Markel’s...
Canada Pension Plan Board to Buy Wilton Re for $1.8 Billion
Mar 21 2014 // The Canada Pension Plan Investment Board (CPPIB) announced that it has agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity firms, the first...
Engle Martin Acquires Florida’s Totura & Co. Claims Firm
Mar 20 2014 // Atlanta-based independent claims adjusting firm Engle Martin & Associates Inc. has acquired Totura & Co., a regional claims adjusting firm based in Fort Lauderdale, Florida. Terms were not disclosed. John Quinn,...
Arthur J. Gallagher Acquires L&R Benefits in Connecticut
Mar 19 2014 // Arthur J. Gallagher & Co. announced its acquisition of L&R Benefits, LLC of Windsor, Connecticut. Terms of the transaction were not disclosed. L&R Benefits provides employee benefit consultation, management...
ING to End Majority Stake in U.S. Business in $1.2 Billion Sale
Mar 19 2014 // ING Groep NV, the biggest Dutch financial-services company, will end its majority stake in its U.S. insurance unit with another share sale as it winds down ownership of the business. The parent plans to sell 26.5 million...
Shareholders Sue in 94% of M&As; 75% Settle Before Closing: Cornerstone Research
Mar 18 2014 // Shareholders challenged more than 94 percent of U.S. merger and acquisition (M&A) deals valued over $100 million in 2013, according to a new M&A report by Cornerstone Research. Deals worth $100 million or more...
Allianz to Acquire P&C Business, Distribution Capacity from Italy’s UnipolSai
Mar 18 2014 // Allianz announced that it has agreed to acquire a part of the Property and Casualty insurance business of the Italian insurer UnipolSai with premiums of €1.1 billion [$1.53 billion] (2013). “The business includes...
Silicon Valley Billionaire Buys Record $201M Life Policy
Mar 17 2014 // An unnamed Silicon Valley billionaire has purchased the world’s most valuable life insurance policy, worth $201 million. The man who cobbled the deal together said that it took seven months and 19 insurance companies...
Aon Acquires UK’s Lorica Employee Benefits
Mar 17 2014 // Aon announced that it has agreed to acquire, subject to regulatory confirmation, Lorica Employee Benefits, one of the UK’s most experienced and well-respected consultancy groups. Lorica Employee Benefits is a...
Ohio State Partnering with Nationwide Insurance on Discounts, Internships
Mar 14 2014 // Ohio State University has announced a 10-year, $17.1 million sponsorship agreement with Nationwide Insurance. The university says the expanded partnership will provide discounts for faculty, staff, students and...
Brady Elected Sr. VP, Equity Partner at Brady, Chapman, Holland
Mar 13 2014 // Houston, Texas-based independent Insurance agency, Brady, Chapman, Holland & Associates Inc., announced the election of Timothy J. Brady to senior vice president and equity partner. Prior to joining BCH, Brady gained...
Agency M&A in 2013 Reverted to Norm After Busy 2012: OPTIS Partners
Mar 13 2014 // Mergers and acquisitions of insurance agencies fell in 2013, with 248 reported transactions in the United States and Canada, according to a new semi-annual survey by OPTIS Partners, an investment banking and financial...
XL, American Specialty Insurance & Risk Partner for Sports, Entertainment Programs
Mar 12 2014 // XL Group’s North America Programs business and American Specialty Insurance & Risk Services, Inc., have formed a joint underwriting agreement to offer insurance programs for sports and entertainment...
ACE Expands M&A Practice, Appoints North America Practice Leader
Mar 7 2014 // The ACE Group has expanded its Mergers and Acquisitions (M&A) Practice into a Private Equity Practice concentrating on insurance options for private equity firms, their portfolio companies as well as their M&A...
