Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
China’s Fosun Buys 80% of Portugal’s Caixa Insurer for $1.36 Billion
Jan 10 2014 // China’s Fosun International Ltd. bought 80 percent of Portugal’s Caixa Geral de Depositos SA’s insurance unit for €1 billion ($1.36 billion), beating out U.S. buyout firm Apollo Management International...
Alliant Insurance Services Acquires Sagewell Partners in Pittsburgh
Jan 9 2014 // Newport Beach, Calif.-based specialty insurance brokerage Alliant Insurance Services has acquired benefits brokerage Sagewell Partners in Pittsburgh. Terms of the acquisition were not disclosed. Sagewell Partners...
AXA ART, Trident Insurance Partner to Offer Specialty Fine Art Coverages
Jan 9 2014 // Fine art insurance specialist AXA Art Americas Corporation (AXA ART) has formed a strategic business partnership with Trident Insurance Services, LLC, a member of Argo Group International Holdings, Ltd., an international...
Insurance M&A Trends That May Lead to ‘Perfect Storm’ in 2014
Jan 9 2014 // Encouraged by a vigorous period of insurance M&A activity in the second half of 2012, many in the industry had high expectations of robustness in 2013. It’s clear now that 2013 M&A activity did not reach the...
California’s EPIC Acquires Georgia’s McCart Group as Part of National Expansion
Jan 9 2014 // EPIC (Edgewood Partners Insurance Center), a retail property/casualty insurance brokerage and employee benefits consultant based in San Francisco, said it has acquired The McCart Group of Duluth, Georgia. The McCart Group...
Align Financial Forms Catalytic, Acquires Western RE Stock
Jan 9 2014 // San Diego, Calif.-based Align Financial Group LLC. has formed Catalytic Holdings LLC, a specialist property catastrophe underwriting manager, and Catalytic has acquired the property catastrophe business of Align General...
Willis to Acquire Specialist Broker Charles Monat Limited
Jan 9 2014 // Willis Group Holdings announced that it has agreed to acquire Charles Monat Limited, a life insurance solutions adviser to high net worth clients. Willis said: “Charles Monat Limited has placed over US$13 billion in...
Daves Appointed Managing Partner at Willis of Illinois
Jan 8 2014 // Paty Daves has been appointed managing partner at Willis of Illinois, retail insurance broker, Willis North America (WNA), announced. In this role, Daves will oversee business operations in Willis’ Chicago,...
CBIZ Acquires Centric Insurance Agency in New Jersey
Jan 8 2014 // Cleveland-based CBIZ Inc. announced that it acquired substantially all the assets of Centric Insurance Agency in New Providence, New Jersey, effective Jan. 1, 2014. Established in 1994, Centric Insurance Agency is an...
Segal Group Acquires Employee Benefits Firm Moroni Fantin in Michigan
Jan 7 2014 // The Segal Group announced it has acquired a portion of the business of Moroni Fantin, an employee benefits consulting firm located in the Detroit, Mich.-area. Moroni Fantin specializes in working with Michigan and...
Lucien Wright Insurance Agency Acquires Paul Lowe Agency
Jan 7 2014 // The Lucien Wright Insurance Agency announced it has purchased the Paul Lowe Agency in Arlington, Texas, effective Dec. 17, 2013. The Paul Lowe Agency represents several national carriers and specializes in personal...
Insureon to Acquire Insurance Noodle Wholesale Site from Willis
Jan 7 2014 // Insureon, an online insurance delivery platform for small business owners, said it has agreed to acquire Insurance Noodle, an online wholesale insurance broker, from Willis Group Holdings. The transaction is expected to...
Hilb Group Acquires Tampa’s Hockman Insurance
Jan 7 2014 // The Hilb Group, LLC said it has acquired Hockman Insurance Agency Inc. of Tampa, Florida. The transaction was effective January 1, 2014. Terms were not disclosed. Hockman Insurance will continue to operate at its current...
Marsh to Acquire Scotland-Based Central Insurance Services
Jan 7 2014 // Marsh Inc. (UK) announced that it had reached a definitive agreement to acquire Aberdeen-based Central Insurance Services, the leading independent insurance broker in Scotland. The transaction is anticipated to close later...
NSM Insurance Group Acquires American Collectors Insurance
Jan 6 2014 // NSM Insurance Group, a national insurance program administrator based in Conshohocken, Penn., announced its acquisition of American Collectors Insurance in Cherry Hill, N.J. NSM Insurance Group said the acquisition of...
AmTrust, NGH to Acquire Tower Group Renewal Rights; Tower Signs $172M Merger Deal with ACP Re
Jan 6 2014 // In two announcements, AmTrust Financial Services said it would acquire renewals rights for Tower Group International’s commercial lines business for $125 million, and Tower said it entered into a $172 million merger...
Hub International Acquires Agency Business of Michigan’s Pinnacle Insurance Partners
Jan 3 2014 // Global insurance brokerage Hub International Limited (Hub) has acquired the insurance agency business of certain member firms operating as Pinnacle Insurance Partners (Pinnacle), a Grand Rapids, Mich.-based full-service...
ProAssurance Completes Acquisition of Eastern Insurance Holdings
Jan 3 2014 // Medical professional liability insurer ProAssurance Corp. announced Thursday that its previously announced acquisition of monoline workers’ compensation insurer Eastern Insurance Holdings was completed effective Jan....
All Risks Ltd. Acquires Minnesota-Based Stonebridge Underwriters
Jan 3 2014 // Independent insurance wholesaler, All Risks Ltd. announced it has acquired Stonebridge Underwriters, a national general agency and program administrator, based in St. Paul, Minn. Stonebridge Underwriters offers a variety...
Keystone Insurers Group Adds Brennan & Stuart Inc. as Partner in Illinois
Jan 2 2014 // Brennan & Stuart Inc. of La Salle, Ill., is Keystone Insurers Group’s newest franchise partner in Illinois. Harold Brennan started Brennan & Stuart Inc. (BSI) as a family business in 1956. CEO Jerry Stuart...
