Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Marsh & McLennan Agency Acquires Ohio’s Brower Insurance Agency
Dec 5 2012 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Ohio-based Brower Insurance Agency. Terms of the transaction were not disclosed. Founded in 1935 and headquartered in Dayton,...
Thai Group Buys Ping An Stake from HSBC for $9.38 Billion
Dec 5 2012 // A conglomerate controlled by Thailand’s richest man, Dhanin Chearavanont, has bought a minority stake in China’s Ping An Insurance for $9.38 billion from global bank HSBC, a bold move that ranks as Asia’s...
RLI Partners with Recreation Insurance Specialists to Provide RV Insurance
Dec 4 2012 // RLI Corp. has formed a new partnership with Recreation Insurance Specialists (RIS), a specialty recreation vehicle (RV) insurance agency that will allow RLI to underwrite RV insurance for RIS. RLI has hired Eric Raudins to...
Neace Lukens Acquires South Carolina’s Gosnell Agency
Dec 4 2012 // Neace Lukens, an AssuredPartners Inc. company, said it has completed the acquisition of Gosnell Insurance in Charleston, South Carolina. The company said all Gosnell employees will remain in their current positions while...
RLI Partners with Recreation Insurance Specialists to Underwrite RV Insurance
Dec 3 2012 // Peoria, Ill.-based RLI Corp. announced a new partnership with Recreation Insurance Specialists (RIS), a specialty recreation vehicle (RV) insurance agency, that will allow RLI to underwrite RV insurance for RIS. RLI has...
White Mountains Completes Acquisitions of AIG, PICO Runoffs
Dec 3 2012 // White Mountains Solutions Holding Co. Inc., a wholly owned subsidiary of White Mountains Insurance Group Ltd. and the group’s specialist runoff acquisition operation, said it has completed the acquisition of four...
AIG Acquires The Hartford’s Financial Advisory Group Woodbury
Dec 3 2012 // American International Group Inc. has acquired broker-dealer Woodbury Financial Services Inc. from The Hartford. The companies signed an agreement for the acquisition on July 31, 2012. Woodbury Financial Services is now...
Confie Seguros Buys Florida, Nevada Agencies
Dec 3 2012 // Confie Seguros, a national provider of personal lines insurance focused on Hispanic consumers, has acquired four regional insurance brokerages in Florida and Nevada. Confie Seguros completed the acquisitions of...
California Sells Out of First Pollution Permits
Dec 3 2012 // California has sold out of the first pollution permits issued as part of a landmark offensive against greenhouse gases at an inaugural auction in late November that regulators said went smoothly. The effort to curtail...
Penn.-Based W.N. Tuscano Buys Special Risk Solutions From Utica Mutual
Nov 30 2012 // W. N. Tuscano Agency, a wholesale broker located in Greensburg, Penn., acquired Special Risk Solutions Inc. (SRS), the brokerage division of Utica Mutual Insurance Company. Utica Mutual Insurance Company is a member...
Willis North America to Acquire Canadian Benefits Broker Avalon Actuarial
Nov 30 2012 // Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a Canadian employee benefits brokerage and actuarial...
Gone Fishin’: California Agency Owner Sells to Specialize in Outfitters
Nov 29 2012 // Trinity Insurance Services Inc. has been purchased by McNeil & Company Inc. Insurance Risk Services out of New York in a move that gives McNeil a strong foothold in the West. The deal was closed on Nov. 16., and terms...
Firms Partner to Offer Entertainment Insurance in Louisiana, Gulf South
Nov 29 2012 // New Orleans-based Maginnis Film & Entertainment Insurance Services LLC (MFEIS) and Reiff & Associates LLC announced a strategic partnership to provide insurance to the film and entertainment industries in Louisiana...
Flagstone Re Shareholders Approve Acquisition by Validus
Nov 29 2012 // Bermuda-based Validus Holdings, Ltd. announced that the shareholders of Flagstone Reinsurance Holdings, S.A. approved all matters required to be approved by Flagstone’s shareholders in order for Validus to acquire...
ProWriters Acquired; Opens as Independent Managing General Underwriter
Nov 28 2012 // West Chester, Pa.-based ProWriters (www.prowritersins.com), formerly a professional liability division of Venture Insurance Programs, has become an independent managing general underwriter (MGU). Brian Thornton, the new...
Northwest Savings Bank Acquires Bert Insurance Group of Pennsylvania
Nov 26 2012 // Northwest Savings Bank agreed to acquire The Bert Insurance Group, an employee benefits and property/casualty insurance agency. The Bert Insurance Group specializes in commercial and personal insurance planning as well as...
Onex Corp. of Canada to Acquire USI for $2.3 Billion
Nov 26 2012 // Canadian private equity firm Onex Corp. said today it has agreed to acquire insurance brokerage USI from Goldman Sachs Group’s GS Capital Partners private equity fund in a transaction valued at $2.3 billion. The deal...
Investment Firm KKR to Acquire Alliant Insurance from Blackstone
Nov 25 2012 // Global investment firm Kohlberg Kravis Roberts & Co. L.P. said it will acquire Alliant Insurance Services Inc., a specialty insurance brokerage firm based in California, from another investment firm, Blackstone, which...
California Sells Out Of First Pollution Permits
Nov 21 2012 // California has sold out of the first pollution permits issued as part of a landmark offensive against greenhouse gases at an inaugural auction that regulators said Monday went smoothly. The effort to curtail carbon...
Endurance Acquires Galileo Weather Risk; Launches Global Weather Service
Nov 21 2012 // Bermuda-based Endurance Specialty Holdings Ltd. announced that it has acquired the assets of Galileo Weather Risk Management, a provider of weather risk management products and services, and has hired all of its employees....
