Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Confie Seguros Acquires Capital Insurance Agency in New Jersey
May 1 2013 // Hispanic market-focused insurance agency network Confie Seguros announced the acquisition of Capital Insurance Agency of Trenton, N.J. Capital Insurance has been in business since 1935 and specializes in personal insurance...
Markel Completes Alterra Acquisition
May 1 2013 // Markel Corp. said it has completed its acquisition of Alterra Capital Holdings Limited. The closing follows receipt of regulatory approvals and votes in favor of the transaction by the shareholders of the two companies in...
AXA to Buy 50% of China P&C Insurer Tian Ping for $631 Million
Apr 26 2013 // France’s AXA Group announced that it has entered into an agreement with Tian Ping Auto Insurance Company Limited shareholders to acquire 50 percent of the company. Under the terms of the agreement, and subject to...
AssuredPartners Acquires Buckley & Company in Kentucky
Apr 25 2013 // AssuredPartners Inc., through its Neace Lukens subsidiary, recently acquired Lexington, Ky.-based Buckley & Company insurance agency. The Buckley & Company office will merge with the existing Neace Lukens’...
Hilb Group Buys Virginia-Based Brokerage Engle, Paxson & Hawthorne
Apr 24 2013 // The Hilb Group announced last week the acquisition of Engle, Paxson & Hawthorne Insurance Services (EPH) of Leesburg, Va. The transaction was effective April 1, 2013. Founded over a century ago, EPH serves residents...
McGowan Acquires Ohio’s Governmental Underwriters of America
Apr 24 2013 // The McGowan Companies (McGowan), based in Fairview Park, Ohio, has purchased the assets of Governmental Underwriters of America Inc. (GUA). Effective immediately, GUA will begin operating under the newly formed McGowan...
Floridians Encouraged to Buy Flood Insurance Before Hurricane Season Gets Underway
Apr 23 2013 // Florida Insurance Commissioner Kevin McCarty is encouraging Floridians to make preparations now for the upcoming 2013 hurricane season by purchasing flood insurance. Flood insurance is administered through the National...
Ohio-based Zito Insurance Agency Partners with Keystone Insurers Group
Apr 22 2013 // Zito Insurance Agency, based in Mentor, Ohio, is partnering with insurance broker Keystone Insurers Group. Zito Insurance Agency wasfounded in 1963 by Eugene Zito and is an independent insurance agency offering an array of...
K2 Insurance Services Buys Aegis Security in Pennsylvania
Apr 22 2013 // San Diego, Calif.-based K2 Insurance Services has acquired Aegis Security Inc. in Harrisburg, Penn. Terms of the acquisition were not disclosed. Aegis Security specializes in insurance for manufactured homes, motorcycles,...
Brit Global Specialty Acquiring Maiden Holdings’ E&S Renewals, Underwriting
Apr 22 2013 // Bermuda-based Brit Insurance and Maiden Holdings, Ltd. have announced a temporary 100 percent quota share reinsurance of Maiden’s Excess and Surplus (E&S) unit, Maiden Specialty, with Brit Global Specialty. The...
W.R. Berkley Corp. Divests, Connecticut Bank Acquires InsurBanc
Apr 22 2013 // InsurBanc, a federal savings bank founded by the Independent Insurance Agents & Brokers of America and W.R. Berkley Corp. a dozen years ago, has joined Connecticut Community Bank N.A., based in Westport, Conn. In the...
Merger & Acquisition Activity Off to a Quiet Start
Apr 22 2013 // After a record-setting year-end, 2013 started off with a whisper. First quarter merger and acquisition activity slowed to 37 announced transactions between January and March, down from 67 the prior year. Buyers were busy...
Senate Democrat Criticizes Healthcare Law Education; Sebelius Cites Lack of Funding
Apr 18 2013 // A Democratic senator who helped craft President Barack Obama’s signature healthcare law gave the administration “a failing grade” on Wednesday for its efforts to educate the public and small employers...
New Jersey Official: State to Buy Flood-Prone Homes in ’13
Apr 17 2013 // New Jersey officials plan to unveil a plan in the next two to three weeks for buying out roughly 1,000 flood-prone homes from owners who want to sell them, a state Department of Environmental Protection spokesman said...
Catalina Completes Acquisition of KX Re from Tawa plc
Apr 17 2013 // Catalina Holdings (Bermuda) Ltd announced that it has completed its acquisition of KX Reinsurance Company Limited, including its Re’s wholly owned subsidiary OX Reinsurance Company Limited (OX Re), from Tawa plc,...
Willis Extends Call Option on Acquisition of All Gras Savoye Shares
Apr 17 2013 // Global risk advisor, insurance and reinsurance broker Willis Group Holdings announced that it has extended by one year the exercise date of its call option to acquire full ownership of French insurance broker Gras Savoye,...
New Partners Named at Texas-Based Insurance Staffing Firms
Apr 12 2013 // Questpro Consultants and Q TEMPS have named new partners for the Dallas-based insurance recruiting and staffing firms, the companies announced. At Questpro, Johnny Park and Jason Simmons have been named the second and...
U.S. Risk Acquires Texas Brokers’ Staffing/Employee Leasing Business
Apr 12 2013 // Dallas-based U.S. Risk Insurance Group Inc. announced it has acquired the renewal rights to the book of staffing and employee leasing accounts of CIC Insurance Brokers LLC, based in Abilene, Texas. This business will be...
California’s Atlas General Acquires South Bay Underwriters
Apr 12 2013 // Atlas General Insurance Services in San Diego, Calif. has acquired South Bay Underwriters from Bliss & Glennon, a Redondo Beach-based national managing general agency and surplus lines broker. The firms said that upon...
U.S. Chamber Joins Partners to Support Transatlantic Trade Agreement
Apr 11 2013 // The U.S. Chamber of Commerce said it has “joined with its partners in the Business Coalition for Transatlantic Trade (BCTT) and leaders in government from both the U.S. and EU for an event to formally launch the...
