Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
North Carolina’s ECM Solutions Acquires Ferguson Agency
Aug 21 2013 // ECM Solutions of Charlotte, North Carolina, which sells commercial and personal insurance along with risk management services, has acquired the Ferguson Employee Benefits Agency in Greenville, South Carolina. ECM Solutions...
Safety Probes at Risk Without More Funding: NTSB
Aug 20 2013 // The U.S. National Transportation Safety Board, handling the most accident investigations since the 1990s, is “going to have to let some things go” if budget cuts aren’t restored, Chairman Deborah Hersman...
Mississippi Coast Property Owners Told to Buy Flood Insurance Now to Save
Aug 20 2013 // With the eighth anniversary of Hurricane Katrina near, homeowners along the Mississippi Coast also have to brace for possible rate increases of 20 percent for flood insurance and 3.2 percent for wind pool insurance. The...
Iowa Insurance Regulator Approves Aviva Acquisition
Aug 19 2013 // Iowa’s insurance regulator has approved the acquisition of West Des Moines-based AvivaUSA and subsidiaries by Athene Holding Ltd., a life insurance company owned primarily by private equity fund Apollo Global...
Catalina in Agreement with Fairfax for American Safety Acquisition
Aug 19 2013 // Catalina Holdings (Bermuda) Ltd., a consolidator in the non-life run-off sector, announced that it has signed a definitive agreement with Fairfax Financial Holdings Limited and Tower Group International, which confirms...
Acquisitions and Agency Value
Aug 19 2013 // Growth by merger or acquisition is still a popular and valuable tool, despite the economy being on hard times. One of the main reasons it remains popular among agencies is because it is a way to show growth even with...
Markel Ventures Acquires Eagle Construction in Virginia
Aug 16 2013 // Markel Ventures Inc. and Eagle Construction of VA LLC announced that Markel has acquired Eagle Construction and its affiliated entities. The terms of the transaction were not disclosed. Markel Ventures is a Markel Corp....
Applied Systems Acquires Insurecom in U.K.
Aug 14 2013 // University Park, Ill.-based insurance software provider Applied Systems Inc. has acquired Insurecom, a software and connectivity solutions company focused on the insurance industry in the United Kingdom. Under the deal...
Kaufman Financial Group Acquires ISI Insurance Services in Pennsylvania
Aug 13 2013 // The H.W. Kaufman Financial Group announced the acquisition of ISI Insurance Services, a Uniontown, Penn.-based provider of premium audits, loss control and inspection services. ISI will join the team at US-Reports, a...
Arthur J. Gallagher Acquires Broker Bollinger
Aug 13 2013 // Insurance broker Arthur J. Gallagher & Co. has acquired insurance broker Bollinger Inc., headquartered in Short Hills, New Jersey, for approximately $276.5 million. Bollinger’s business includes retail...
Aon Extends Partnership with NFL for International Series in 2013-2014
Aug 13 2013 // Aon plc is making the best of its new London domicile. With its roots in Chicago, the home of one of the National Football League’s most historic teams, Aon has embarked on bringing NFL football to the UK Aon...
National Interstate Partners with International Motorcoach Group
Aug 9 2013 // Richfield, Ohio-based transportation insurance, National Interstate Insurance Co., announced it has entered into a preferred partnership with the International Motorcoach Group (IMG) to provide its members with enhanced...
Fairfax Increases Offer to Buy American Safety to $30.25 Per Share
Aug 9 2013 // Bermuda-based American Safety Insurance Holdings, Ltd. announced that Fairfax Financial Holdings Limited has increased its offer to purchase American Safety to $30.25 per share from the previously announced $29.25 per...
No Ratings Change for Syndicate 2010 from Lancashire Acquisition Says Best
Aug 9 2013 // A.M. Best Europe – Rating Services Limited has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010,...
Best Sees No Change in Lancashire’s Ratings from Cathedral Acquisition
Aug 9 2013 // A.M. Best Co. has commented that the ratings of Bermuda-based Lancashire Holdings Limited, Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited – collectively known as Lancashire –...
IRMI Acquires Agribusiness and Farm Certification from IIABCal
Aug 8 2013 // International Risk Management Institute Inc. has entered into an agreement with the Independent Insurance Agents & Brokers of California to acquire the Agribusiness and Farm Insurance Specialist certification...
EPIC Acquires SafeHarbor Risk Management, Expands in East Coast
Aug 7 2013 // EPIC, a San Mateo, Calif.-based retail property/casualty insurance brokerage and employee benefits consultant, acquired SafeHarbor Risk Management. Founded in 2009, privately-held SafeHarbor is a property/casualty...
Rail Crossing Deaths Up in Georgia But Safety Gate Funding Lags
Aug 6 2013 // Cost is one of the many issues preventing gate and bell systems from being installed at Georgia’s roughly 5,000 public rail crossings, state and local officials say. Georgia recorded 47 highway-rail crossing deaths...
Meadowbrook Insurance Looking for ‘A-Rated’ Partner After Downgrade
Aug 5 2013 // Following a downgrade of its financial strength ratings (FSR) to “B++” from “A-” by A.M. Best Co. on Friday, Meadowbrook Insurance Group announced that it will seek to make arrangements with an...
Insurance Broker Hub Intl. Acquired by Funds Manager in Deal Valued at $4.4 Billion
Aug 5 2013 // Global insurance broker Hub International Limited (Hub), said it has agreed to be acquired by funds advised by Hellman & Friedman LLC. The transaction values Hub at approximately $4.4 billion. Under the terms of the...
