Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
New York Fed Sells Last of Its AIG Assets, Ending Ties with Insurer
Aug 23 2012 // The Federal Reserve Bank of New York brought to a close another chapter in the government’s taxpayer-funded bailouts of 2008 with the sale of its remaining assets of insurer American International Group, the bank...
USI to Acquire TD Bank’s U.S. Insurance Subsidiary
Aug 23 2012 // USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., has agreed to acquire TD Insurance Inc., a wholly-owned U.S. subsidiary of TD Bank, N.A. The terms of the deal were not...
Digitial Insurance Acquires Knoxville’s First Benefit Partners
Aug 21 2012 // Atlanta-based employee benefit agency Digital Insurance has acquired First Benefit Partners in Knoxville, Tenn. Terms were not disclosed. First Benefit Partners’ principal, Matt Noe, is joining Digital’s...
BOLT Buys 2 Agencies, Opens Florida Office
Aug 20 2012 // The Business Owners Liability Team (BOLT) insurance agency is opening a regional office in Sarasota after acquiring two Florid agencies. BOLT has acquired the Sarasota-based PRG Insurance Agency and Florida Direct...
Pfeffer Appointed EVP at StoneHill Reinsurance Partners
Aug 20 2012 // Jonah Pfeffer, a reinsurance broker whose 15-year career includes work with clients in specialized casualty market segments, has joined Bloomington, Minn.-based independent reinsurance intermediary StoneHill Reinsurance...
Business Risk Partners to Offer LIU-Backed E&O, D&O Coverage
Aug 20 2012 // Program administrator Business Risk Partners (BRP) will underwrite three additional programs in professional and management liability offered through Liberty International Underwriters (LIU), the global specialty lines...
USI Acquires Florida’s Suncoast Associates
Aug 20 2012 // USI Insurance Services has acquired Suncoast Insurance Associates Inc., a Tampa, Florida-based insurance brokerage specializing in professional liability programs in Florida. USI said this acquisition is expected to...
Aetna to Buy Rival Coventry Health for $5.6 Billion
Aug 20 2012 // Health insurer Aetna Inc. said on Monday that it would buy rival Coventry Health Care Inc. for $5.6 billion to increase its share of the fast-growing, U.S. government-backed Medicare and Medicaid programs. The purchase,...
Ambiental Flood Experts in Partnership with Aon Benfield Research
Aug 20 2012 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has expanded its Aon Benfield Research academic and industry research collaboration through a partnership with Ambiental,...
FEMA Buys Last Single-Family Home in Mississippi County
Aug 20 2012 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 20, 2012. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Ex-Dewey Law Firm Partners Agree to Pay $50 Million Toward Settlement
Aug 17 2012 // Former partners of the defunct law firm Dewey & LeBoeuf agreed on Thursday to pay at least $50 million toward a settlement agreement, the minimum amount the firm’s advisers had been seeking in order to submit the...
Ascension Acquires Modern Services Insurance in Atlanta
Aug 16 2012 // Atlanta-based Ascension Insurance Inc. has acquired Modern Services Insurance Agency, also in Atlanta. Modern Services Insurance Agency specializes in risk management and insurance for non-profit firms, as well as churches...
Arthur J. Gallagher & Co. Acquires Texas-Based Sunday and Associates
Aug 16 2012 // Illinois-based Arthur J. Gallagher & Co. announced the acquisition of Sunday and Associates Inc. of Sugarland, Texas. . Established in 1982, Sunday and Associates offers employee benefits consulting and insurance...
Chartis Introduces Network Security Product for Assurex Global Partners
Aug 15 2012 // Chartis and the partners of Assurex Global have formed an arrangement to offer their clients a customized network security and privacy insurance product. Chartis insurers will offer a suite of tailored coverage...
Ebix Acquires Online Insurance Tech Provider TriSystems
Aug 15 2012 // Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London-based TriSystems Ltd., an online insurance trading hub that facilitates...
N.Y.-Based Broker Sterling & Sterling, Hyde Agency Form Joint Venture
Aug 10 2012 // Sterling & Sterling Inc. an insurance broker based in Woodbury, N.Y., and The Hyde Agency, a specialty surety bond broker in New York City, are forming a joint venture under the name SterlingHyde Group. This new...
Integro Buys UK Media Insurance Broker
Aug 9 2012 // New York-based Integro Insurance Brokers has acquired Allan Chapman & James Insurance Brokers Limited of Colchester, a United Kingdom insurance broker. Established in 1988, Allan Chapman & James specializes in...
Maine-Based Cross Insurance Forms Partnership With Kraft Sports Group
Aug 8 2012 // The Kraft Sports Group in Massachusetts said this week it has named Cross Insurance, a subsidiary of Bangor, Maine-based Cross Financial Corp., as its official insurance brokerage firm.Under the deal, Cross Insurance will...
Physicians Insurance Acquires EMPAC/SCRUBS
Aug 6 2012 // Seattle, Wash.-based Physicians Insurance A Mutual Company has acquired Emergency Medicine Professional Assurance Co. (EMPAC) and SCRUBS risk retention group management companies. Through this acquisition Physicians...
Confie Seguros Acquires Stonewood in California
Aug 6 2012 // Confie Seguros has acquired Stonewood Insurance Services Inc., an agency that specializes in writing California non-standard personal automobile coverage. Stonewood, a general agency formed in 200, is led by Presidetn...
