Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
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,...
