Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Milliman to Acquire McGinn Actuaries in California
Dec 20 2013 // Seattle, Wash.-based Milliman Inc., a consulting and actuarial firm, has acquired McGinn Actuaries Ltd., an Anaheim, Calif.-based consultancy specializing in multiemployer pension plans. In addition to serving the...
Liberty Mutual Enhances Inland Marine Coverage, Partners with NER
Dec 20 2013 // Liberty Mutual Insurance has partnered with the National Equipment Register (NER) to provide its inland marine contractors’ equipment customers increased protection from equipment theft. The insurer is now offering...
Arthur J. Gallagher Acquires Houston’s Barmore Insurance Agency
Dec 20 2013 // Arthur J. Gallagher & Co. has acquired Barmore Insurance Agency Inc. located in Houston, Texas. Terms of the transaction were not disclosed. Founded in 1952, Barmore Insurance Agency (Barmore) is an insurance broker...
Arthur J. Gallagher & Co. Acquires Longfellow Financial in Boston
Dec 20 2013 // Arthur J. Gallagher & Co. announced its acquisition of Boston-based Longfellow Financial LLC. Terms of the transaction were not disclosed. Founded in 1999, Longfellow Financial is an employee benefits insurance broker...
The PIA Partnership Launches Growth Tool For Agency Members
Dec 19 2013 // The National Association of Professional Insurance Agents (PIA) and its agency-company council, The PIA Partnership, have designed a new tool to help independent insurance agenciesgrow and increase profits. “Closing...
New York to Provide $4M Grant Funding to Fight Auto Theft, Insurance Fraud
Dec 19 2013 // New York Gov. Andrew Cuomo announced the state will provide nearly $4 million in grant funding to 29 local police departments, district attorneys’ offices and other agencies in the state to combat motor vehicle theft...
Liberty Mutual Group to Buy Rest of Irish Unit from IBRC
Dec 19 2013 // Liberty Mutual Group Inc. said it will buy the 49 percent stake in the former Quinn Insurance Ltd. in Ireland that it doesn’t already own from failed lender Irish Bank Resolution Corp. The company didn’t...
Sompo Japan to Buy UK Insurer Canopius in Overseas Expansion Drive
Dec 18 2013 // Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, confirmed earlier reports that it will buy Canopius Group Ltd. of the U.K. for 99.2 billion yen ($963 million) as it...
IAG to Buy Wesfarmers Insurance Business for A$1.85 Billion
Dec 16 2013 // Insurance Australia Group Ltd. agreed to buy Wesfarmers Ltd.’s insurance underwriting businesses in Australia and New Zealand for A$1.85 billion [US$1.653 billion] to become the largest insurer in...
Sompo Japan Considers Acquisition of U.K.’s Canopius Group
Dec 16 2013 // Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, is considering buying the U.K.’s Canopius Group Ltd. as it continues an overseas expansion. The acquisition is...
Expanding Beyond Insurance, GAINSCO Buys Automobile Dealership
Dec 11 2013 // Dallas-based GAINSCO Inc. announced that it has expanded its business offerings beyond that of strictly a non-standard personal automobile insurance writer and servicer, and entered the business of owning and operating a...
USI Completes Acquisition of Van Gilder in Colorado
Dec 10 2013 // USI Insurance Services officially closed its previously announced acquisition of Van Gilder Insurance Corp. Terms of the deal were not disclosed. Van Gilder’s name will be changing to USI Colorado. Commenting on the...
Equity Risk Partners Names Four Executives in California
Dec 9 2013 // Equity Risk Partners named four insurance industry executives to its team in California, while also establishing the firm’s physical presence in Southern California. Equity’s new executive hires are Doug...
Imperial Management Corp. Completes National Automotive Insurance Co. Acquisition
Dec 4 2013 // Louisiana-based, Imperial Management Corp. (IMC), and Southport Lane LP announced that IMC has obtained all required regulatory approvals and closed its previously announced acquisition of National Automotive Insurance Co....
JLT Towner Acquires Charter Risk Management Services in Connecticut
Dec 3 2013 // JLT Towner Insurance Management (USA), LLC, announced its acquisition of Charter Risk Management Services, LLC, a Connecticut captive management company. Terms of the transaction were not disclosed. Under the transaction,...
USI Insurance Acquires Van Gilder in Colorado
Dec 3 2013 // Valhalla, N.Y.-based USI Insurance Services has entered into an agreement to acquire Van Gilder Insurance Corp. in Denver, Colo. This deal is expected to close on Dec. 10. Terms were not disclosed. Van Gilder is a...
TWFG Acquires Ward Business Insurance
Dec 3 2013 // The Woodlands, Texas-based TWFG has acquired Ward Business Insurance, located in the Kingwood/Humble, Texas area. TWFG’s proprietary agency systems will be installed into Ward Business and the company will merge into...
IBTX Risk Services, Insphere Global Partners and HR Benefits to Merge
Dec 3 2013 // IBTX Risk Services, Insphere Global Partners and HR Benefits (formerly member companies of Independent Insurance Group), all based in Texas, have agreed to merge. The merger will create a combined organization poised to...
Marsh & McLennan Agency Acquires Michigan’s Cambridge Property & Casualty
Dec 3 2013 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Cambridge Property & Casualty, based in based in Livonia, Mich., Founded in 1974, Cambridge provides...
AmWINS to Acquire Bliss & Glennon in California from Fortegra
Dec 3 2013 // AmWINS Group Inc. has reached a definitive agreement with Fortegra Financial Corp. to acquire Bliss & Glennon, an excess and surplus lines wholesale insurance broker and managing general agency in California, and...
