Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
American Family Acquiring Permanent General, Lumbermens Casualty
Sep 27 2012 // American Family Insurance, based in Madison, Wis., is acquiring Nashville, Tenn.-based PGC Holdings Corp. and its subsidiaries, including non-standard auto insurers Permanent General and The General. The agreement was...
Prudential Close to Deal to Buy Hartford Life Insurance Unit: WSJ
Sep 27 2012 // Prudential Financial Inc. is close to a deal to acquire the individual life insurance business of Hartford Financial Services Group Inc, and a deal could be struck as soon as Thursday, the Wall Street Journal reported. The...
Ameriprise in Talks to Buy ING’s Asian Asset Management Arm – Report
Sep 27 2012 // Ameriprise Financial Inc is in advanced talks to buy most of ING Group’s asset management business in Asia, Bloomberg reported, citing two people with knowledge of the matter. The companies are still negotiating on...
USI Completes Acquisition of TD Bank’s U.S. Insurance Subsidiary
Sep 25 2012 // USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., said Monday it has completed the acquisition of TD Insurance Inc., a U.S. subsidiary of TD Bank, N.A. The transaction was...
M&A Inks Partnership Deal With Maestro Specialty in N.Y.
Sep 25 2012 // Merger & Acquisition Services Inc. (M&A), an investment, advisory and financial services firm to the re/insurance industry, announced a marketing partnership agreement with Maestro Specialty Corporation in New...
Catalina Acquires Runoff Vehicle KX Re from Tawa
Sep 24 2012 // Catalina Holdings (Bermuda) Ltd has announced that it has signed a definitive Share Purchase Agreement to acquire 100 percent of the shares in KX Reinsurance Company Limited, including KX Re’s wholly owned subsidiary...
Common Mistakes When Divorcing Spouses, Family and Business Partners
Sep 24 2012 // I have had considerable experience working with agency owners who were divorcing someone: a spouse, family member, business partner or sometimes a combination of all at the same time. These are always tough times for...
Digital Insurance Buys North Carolina’s Strategic Benefit Solutions
Sep 21 2012 // Employee benefits agency Digital Insurance in Atlanta has acquired Strategic Benefit Solutions of Raleigh, N.C., and merged it with its local office of Digital Benefit Advisors (DBA). Strategic Benefit Solutions President...
Ageas to Acquire Groupama Insurance (UK)
Sep 21 2012 // Dutch-Belgian insurance group Ageas (the successor to Fortis) has confirmed that it has signed an agreement, through its UK subsidiary, to acquire Groupama Insurance Company Limited (GICL), the UK subsidiary of...
Towers Watson Inks Joint Venture with Broker MDS for Portugal Benefits
Sep 19 2012 // Global professional services company Towers Watson and Portuguese broker MDS have combined forces to establish a benefits brokerage consulting service in Portugal. MDS was founded in Porto in 1984. It is now the leading...
ACE Acquires 80% of Indonesia Insurer Asuransi Jaya Proteksi
Sep 19 2012 // ACE Limited announced that it has acquired 80 percent of Indonesian insurer PT Asuransi Jaya Proteksi. The Jakarta-based company is “one of Indonesia’s top 10 general insurers and a leader in personal...
AssuredPartners Acquires North Carolina’s Moore & Johnson Agency
Sep 18 2012 // AssuredPartners is making is first foray into North Carolina by purchasing the Moore & Johnson Agency. The Raleigh, North Carolina-based Moore & Johnson is owned by Bingham & Ervin Inc., and is one of the...
Ryan Specialty to Buy Direct Group in UK
Sep 18 2012 // The Ryan Specialty Group (RSG) announced that it would “significantly strengthen its MGA and third party administration (TPA) capabilities in the UK” with an agreement to acquire insurance services provider...
BDO USA Hires Assurance Partner for Insurance Clients in New York
Sep 13 2012 // Financial services firm BDO USA, LLP appointed John Green as assurance partner in the Metro New York insurance industry practice.John GreenIn his new role, Green will be responsible for business development and overseeing...
U.S. Is Leader in Merger, Acquisition Activity Worldwide: Clyde & Co.
Sep 11 2012 // Merger and acquisition trends in the United States trended upward from 2009 to the first half of 2012, a new industry report reveals. So far the U.S. remains the most active country for mergers and acquisitions overall...
CRC/Crump Acquires Preferred Brokerage Unit of Preferred Concepts
Sep 11 2012 // CRC|Crump has signed an agreement with Preferred Concepts in New York to acquire select assets of the company’s Preferred Brokerage business unit. Terms were not disclosed. J.C. Sparling, who led Preferred Brokerage,...
U.S. Treasury Sells $18 Billion of AIG Stock, Cuts Stake to 19%
Sep 10 2012 // The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its...
InsureZone Acquires MSI Group, Adds Agencies to New Direct Program
Sep 10 2012 // Fort Worth, Texas-based InsureZone announced it has acquired Denver-based MSI Group, with agencies in 20 states. The purchase adds 63 agencies to InsureZone’s network/cluster program. MSI Group provides agency...
CBIZ Acquires Trinity Risk Advisors of Atlanta
Sep 10 2012 // CBIZ Inc. has acquired the assets of Trinity Risk Advisors Inc. of Atlanta, Georgia, a specialty brokerage firm providing primarily medical malpractice insurance to the healthcare industry and insurance to the...
Marsh McLennan Agency Acquires South Carolina’s Rosenfeld Einstein
Sep 10 2012 // Marsh & McLennan Agency LLC (MMA) has acquired Rosenfeld Einstein, a $9 million property/casualty and employee benefits agency based in Greenville, South Carolina. Terms of the transaction were not disclosed. With...
