Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Catalina Completes Alea Group Holdings (Bermuda) Acquisition
Mar 31 2014 // Catalina Holdings (Bermuda) Ltd. Has announced that following receipt of regulatory approvals from the Bermuda Monetary Authority and the New York Department of Financial Services it has today completed its acquisition of...
Berkshire Hathaway Specialty Exec on Acquisitions, Expansion Plans
Mar 31 2014 // Berkshire Hathaway Specialty Insurance (BHSI), part of Omaha, Nebraska-based conglomerate holding company Berkshire Hathaway, has its eyes on overseas expansion, according to BHSI’s top executive. BHSI’s...
Vertafore, DocuSign Partner to Offer E-Signature Services to Technology Users
Mar 27 2014 // Insurance technology provider Vertafore and digital transaction manager DocuSign have teamed up to offer e-signature services to Vertafore’s insurance clients. DocuSign’s Digital Transaction Management Platform...
BB&T to Acquire Woodbury & Co. in Carolinas
Mar 27 2014 // BB&T Insurance Services said it will acquire Woodbury & Co. of Wilmington, N.C., and Myrtle Beach, S.C. Woodbury & Co. sells commercial property/casualty; employee benefits; individual life and health; personal...
Insurance Executives See Jump in Acquisitions Ahead
Mar 27 2014 // After a slowdown following the 2008 financial crisis, the volume of insurance mergers and acquisitions should increase over the next one to three years, according to North American insurance executives. A sizable 86...
Old Mutual Sells Skandia Units as It Pares European Operations
Mar 27 2014 // Old Mutual Plc, Africa’s biggest insurer, is selling its Skandia units in Germany and Austria for €220 million ($303 million) in cash. The two businesses, part of the London-based insurer’s wealth division,...
Business Risk Partners, LIU Launch New E&O Policy Form for Agents, Brokers
Mar 26 2014 // Program administrator Business Risk Partners (BRP) has launched a new insurance agents and brokers professional liability form through Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance....
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...
