Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Protective Life to Buy AXA’s U.S. Life Insurance Unit for $1.06 Billion
Apr 11 2013 // Protective Life Corp said it will buy Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its portfolio of life insurance policies. Protective Life sees the deal adding between $0.10 and $0.15 to its...
AssuredPartners Acquires Alan James Insurance in Florida
Apr 10 2013 // AssuredPartners of Florida has acquired substantially all of the assets of Alan James Insurance, a Ft. Lauderdale-based insurance broker specializing in insurance for the south Florida real estate market. The agency is led...
Qatar Financial Centre Authority Sells Qatarlyst to Ebix Inc.
Apr 9 2013 // The Qatar Financial Centre Authority (QFCA) announced that it has reached an agreement to sell Qatarlyst, an electronic trading exchange for the global insurance and reinsurance industry, to Ebix Singapore Pte Limited, a...
Strickland Acquires Va.-Based MGA Tower Transportation Underwriters
Apr 8 2013 // Strickland Insurance Brokers Inc., a wholly owned subsidiary of Goldsboro, N.C.-based Strickland Insurance Group Inc., announced it has acquired the assets of Palmyra, Va.-based Tower Transportation Underwriters Inc. Tower...
W.R. Berkley Corp. Divests, Connecticut Bank Acquires InsurBanc
Apr 8 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,...
Cooper Gay Swett & Crawford Acquires 100% of its Brokerage in Chile
Apr 8 2013 // Cooper Gay Swett & Crawford Limited (CGSC), the global wholesale insurance and reinsurance broker, announced the acquisition of the remaining 49.99 percent shareholding in Cooper Gay Chile S.A. from Servicios Security...
North Carolina’s Strickland Insurance Acquires Virginia Transportation Underwriter
Apr 8 2013 // Strickland Insurance Brokers of Goldsboro, North Carolina has acquired the assets of Palmyra, Virginia-based Tower Transportation Underwriters Inc. Tower Underwriters, owned by Fred Black, is a managing general agency in...
Arthur J. Gallagher & Co. Acquires Advanced Benefit Advisors in New Jersey
Apr 8 2013 // Itasca, Ill.-based global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Advanced Benefit Advisors Inc. of Cherry Hill, N.J. Terms of the transaction were not disclosed. Established in 2005,...
Starr Aviation Partners with Aviation Safety Group for Pilot Reward Project
Apr 5 2013 // Starr Aviation (Starr), a division of Starr Indemnity & Liability Co., has partnered with the Society of Aviation and Flight Educators (SAFE) and Redbird Flight Simulations (Redbird) to reward participation of insureds...
Atlas General Insurance Services Acquires South Bay Underwriters
Apr 4 2013 // San Diego, CA, 4/4/13 – Atlas General Insurance Services, LLC, is pleased to announce its acquisition of South Bay Underwriters, LLC, from Bliss & Glennon, a leading national managing general agency and surplus lines...
Kaufman Financial Acquires Global Excess Partners in New York
Apr 2 2013 // The H.W. Kaufman Financial Group said it has acquired Global Excess Partners, a New York City-based specialty insurance organization that offers underwriting programs on behalf of Lloyd’s and other carriers and is...
Willis Acquires UK Indemnity Specialist Broker Prime Professions
Apr 2 2013 // Willis Group Holdings announced that it has “further enhanced its offering in the executive risk market by agreeing to acquire, through its subsidiary Willis Limited, PPH Limited and its subsidiary Prime Professions...
ACE Completes Acquisition of Mexican Surety Lines Company Fianzas Monterrey
Apr 2 2013 // ACE Limited announced that it has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for approximately $293 million in cash. The bulletin said: “Mexico City-based Fianzas...
Allianz Teams with Borealis Infrastructure to Buy Czech Gas Pipeline Operator
Apr 1 2013 // Germany’s Allianz SE has partnered with Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), to acquire Czech Republic pipeline firm N4G. Each will...
ProAssurance, CAP Partner to Offer California Hospitals Liability Protection
Mar 29 2013 // ProAssurance Corp., a specialty writer of professional liability insurance, and the Cooperative of American Physicians, Inc. (CAP) are partnering to offer a new liability protection product, CAPAssurance, for hospitals and...
Allianz Seals Deal with Turkey’s Yapı Kredi for Insurance Acquisition/Distribution
Mar 28 2013 // Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and for Allianz to acquire Yapı Kredi Sigorta, the property and casualty...
P/C Mergers Down in 2012 But Private Equity Still Favored Brokers: Conning
Mar 28 2013 // Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to the latest annual...
Digital Insurance Buys Group Brokerage Insurance Agency in Massachusetts
Mar 27 2013 // Atlanta-based benefits broker Digital Insurance has acquired Group Brokerage Insurance Agency of Cambridge, Mass. The nearly 30-year-old Massachusetts-based benefits firm will now operate under the banner of Digital...
SeaFire Insurance Services Seeks Agency Partners in Wisconsin, Illinois
Mar 27 2013 // Overland Park, Kan.-based SeaFire Insurance Services announced it is actively seeking new agency partners in Wisconsin and Illinois for its exclusive auto dealer and repair insurance program. SeaFire will consider...
PartnerRe Ltd. Establishes New Companion Facility, Lorenz Re
Mar 26 2013 // PartnerRe Ltd. has formed Lorenz Re Ltd., a special purpose insurer domiciled in Bermuda. Lorenz Re was capitalized with $75 million through the issuance of multiple classes of preference shares. It will provide additional...
