Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Confie Seguros Acquires Florida’s Economy Insurance Mart
Aug 5 2013 // Growing personal lines agency Confie Seguros has acquired Economy Insurance Mart of Spring Hill, Fla., which sells auto, home and small commercial insurance. Economy Insurance Agency was founded in 1993 and is a privately...
Relationships, Expertise Drive Successful Partnerships in E&S Marketplace
Aug 5 2013 // During the past 20 to 30 years typical business dealings between wholesale insurance brokers and retail agents have evolved from being purely transactional experiences to those that are highly dependent upon relationships...
Fairfax Provides American Safety with Waiver under Merger Agreement
Aug 1 2013 // Bermuda-based American Safety Insurance Holdings, Ltd. announced that Fairfax Financial Holdings Limited has provided the company “with a waiver of certain provisions under the merger agreement between the...
PartnerRe Posts $175.6 Million Q2 Net Loss; Operating Earnings $51.5 Million
Jul 30 2013 // Bermuda-based PartnerRe Ltd. reported a net loss of $175.6 million, or $3.37 per share for the second quarter of 2013. The earnings announcement said the figure “includes net after-tax realized and unrealized losses...
M&A Activity Inches Along
Jul 22 2013 // Merger and acquisition (M&A) activity in the second quarter of 2013 mirrored the first, continuing at a leisurely pace. Thirty-six transactions were announced from April to June, compared to 66 during the same time...
Va.-Based Andrew Agency Acquires Samuel D. Baughman Insurance Agency
Jul 19 2013 // The Andrew Agency, an independent insurance agency based in Richmond, Va., announced its acquisition of Samuel D. Baughman Insurance Services, an agency also based in Richmond. The Andrew Agency serves clients in Virginia,...
USI Insurance Services Acquires Cohen-Seltzer Agency in Pennsylvania
Jul 17 2013 // USI Insurance Services said it completed its acquisition of Cohen-Seltzer Inc., in Fort Washington, Penn. Terms of the transaction were not disclosed. A third generation family-owned insurance agency formed in 1926,...
Georgia’s Ink Underwriting Acquires California’s Pioneer Programs
Jul 16 2013 // Newly-formed Ink Underwriting in Kennesaw, Georgia, said it has acquired Pioneer Programs Insurance Solutions, a Pasadena, California-based niche insurance program administrator for the construction and long term care...
Leavitt Group to Buy United Valley; a Collective 150 Agencies in West
Jul 12 2013 // United Valley Insurance Services and Leavitt Group Enterprises have agreed to a merger, giving the two firms a collective 150 insurance agencies and counting under one owner. The deal was announced late Friday. Under the...
Swiss Re in Talks with Phoenix on Admin Re Merger
Jul 12 2013 // Swiss Re Ltd., the world’s second- biggest reinsurer, said it’s in preliminary talks about combining its Admin Re business with Phoenix Group Holdings. “There is no certainty that these discussions will...
New China Life Falls as Zurich Insurance Sells Shares
Jul 12 2013 // New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the third-biggest Chinese life insurer by premium income last year. The stock dropped 6.4...
Pennsylvania Insurance Department Gets Dedicated Funding Structure
Jul 9 2013 // The Pennsylvania Insurance Department announced this week that it now has access to a dedicated funding source, thanks to Gov. Tom Corbett’s recently signed 2013-14 budget and newly enacted legislation, Act 46. This...
Guy Carpenter Acquires Maine-Based Disability Reinsurance Risk Manager
Jul 8 2013 // Guy Carpenter & Co. LLC, a global risk and reinsurance intermediary division of N.Y.-headquartered Marsh & McLennan Companies, announced last week its acquisition of Smith Group, a disability reinsurance risk...
Brown & Brown Completes Beecher Carlson Acquisition
Jul 1 2013 // Brown & Brown Inc. said it has completed the previously-announced acquisition of Beecher Carlson Holdings Inc. In May, Florida-based Brown & Brown Inc. said it would buy the retail brokerage, program management and...
Confie Seguros Acquires CW Baker, Lewiston Insurance Agencies in New York
Jul 1 2013 // Hispanic market-focused insurance agency network Confie Seguros announced the acquisition of CW Baker Insurance Agency and Lewiston Insurance Agency, two providers of standard and preferred personal insurance located in...
Holborn Buys Ownership Stake in Stonybrook Capital
Jul 1 2013 // New York-based reinsurance broker Holborn Corp. has acquired an ownership stake in Stonybrook Capital LLC, an investment banking advisor for the insurance and reinsurance industries. Holborn Chief Executive Officer Frank...
CoreLogic to Buy Marshall & Swift/Boeckh, DataQuick for $661 Million
Jul 1 2013 // CoreLogic Inc. agreed to buy three real estate data companies from TPG Capital’s Decision Insight Information Group for $661 million to expand its coverage of the property and casualty insurance industries. CoreLogic...
Michigan Ban on Domestic Partner Benefits Blocked
Jul 1 2013 // A federal judge has blocked Michigan’s ban on domestic partner benefits for employees who work for public schools or local governments, saying state lawmakers simply wanted to punish gays and lesbians. U.S. District...
MHBT Acquires Wells Fargo Insurance Office in Texas
Jun 28 2013 // Dallas, Texas-based MHBT Inc. has acquired Wells Fargo’s insurance brokerage operations in Lubbock, Texas. The deal includes all operating assets and operations of the Lubbock office of Wells Fargo Insurance,...
Boston-Based Risk Strategies Co. Sells Majority Stake to Kohlberg & Co.
Jun 27 2013 // Risk Strategies Co., a Boston-Based insurance and benefits brokerage and risk management firm, announced that private equity firm Kohlberg & Co. has acquired the majority of Risk Strategies’ stake. The brokerage...
