Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Lexon Buys Florida’s Peninsular Surety
Jun 13 2012 // Lexon Insurance Co. in Hermitage, Tennessee, has agreed to a acquire all shares of Peninsular Surety Co. in Naples, Fla. Pending expectant regulatory approval by the state of Florida, Peninsular will become a wholly owned...
ACE to Acquire Indonesian General Insurer Asuransi Jaya Proteksi
Jun 13 2012 // ACE Limited announced that the company and its local partner have reached a definitive agreement to acquire PT Asuransi Jaya Proteksi (JaPro) in Indonesia for approximately $130 million in cash. JaPro was established in...
Hylant Group Acquires AGIS
Jun 12 2012 // Toledo, Ohio-based privately owned insurance brokerage firm, Hylant Group, has acquired AGIS, an independent, full-service employee benefits agency with offices in Birmingham, Mich., and Orlando and Jacksonville, Fla. The...
Arthur J. Gallagher & Co. Acquires Broker Benefit Services
Jun 8 2012 // Arthur J. Gallagher & Co. has acquired Broker Benefit Services L.L.C. in Chesterfield, Mo. Terms of the transaction were not disclosed. Founded in 2001, Broker Benefit Services offers employee benefit brokerage and...
AmWINS Group Completes Recapitalization Deal
Jun 8 2012 // AmWINS Group Inc., based in Charlotte, N.C., has completed its recapitalization with the private equity firm New Mountain Capital of New York. As announced on April 17, 2012, the wholesale insurance broker reported that...
Marsh & McLennan Agency Acquires Progressive Benefit Solutions
Jun 8 2012 // Marsh & McLennan Agency LLC (MMA), a subsidiary of broker Marsh Inc., acquired Progressive Benefit Solutions (PBS), a $5 million revenue employee benefits agency based in Raleigh, North Carolina. Terms of the...
Stahlka Agency Acquires Historic Square Agency’s Western N.Y. Practice
Jun 7 2012 // Stahlka Agency, an independent insurance agency and member of the EMS Group, based in Williamsville, N.Y., acquired the Western New York practice of Erie, Penn.-based Historic Square Insurance Agency. Terms of the...
Arthur J. Gallagher & Co. Acquires Grossman & Associates
Jun 7 2012 // Arthur J. Gallagher & Co. has acquired Grossman & Associates Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed. Founded in 1980, Grossman & Associates is an employee benefits broker and...
RSA Acquires Quebec Insurer L’Union Canadienne
Jun 6 2012 // RSA announced that it has acquired L’Union Canadienne, Compagnie d’Assurances from Co-operators General Insurance Company, subject to regulatory approval. “L’Union Canadienne is the third largest...
Insurance Exchange Ebix Acquires PlanetSoft for $40 Million
Jun 5 2012 // Atlanta-based insurance software and e-commerce supplier Ebix said it has agreed to buy life insurance and annuity services provider PlanetSoft Inc. for $40 million. Ebix said the acquisition is expected to be immediately...
Applied Systems Acquires Canada’s Compu-Quote
Jun 5 2012 // Insurance software firm Applied Systems Inc. has acquired Compu-Quote Inc., a Canadian comparative insurance rating company. “The acquisition of Compu-Quote establishes Applied Systems as the leading provider of...
USI Acquires Georgia’s Impact Benefit Management Services
May 31 2012 // New York-based insurance broker USI Insurance Services has acquired Impact Benefit Management Services, LLC of Roswell, Georgia. USI said the acquisition is expected to contribute approximately $2.5 million in revenues an...
Southport Lane to Acquire Dallas National Insurance Co.
May 31 2012 // Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance Co., a Texas based property and casualty insurer. Dallas National, a subsidiary of...
Wells Fargo Looking to Buy Insurance Brokers: CEO
May 31 2012 // Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, its chief executive said on Thursday. “I love the insurance distribution...
Neace Lukens Acquires South Carolina Broker
May 31 2012 // Louisville, Kentucky-based Neace Lukens is continuing its expansion by acquiring the independent risk management and insurance broker, First Carolina Risk Management Advisors. The Charleston, S.C.-based First Carolina...
Willis Ireland Acquires Employee Benefits Firm, Attain Consulting
May 30 2012 // Willis Risk Services (Ireland) Limited confirmed its commitment to further developing its domestic employee benefits business by acquiring Attain Consulting and its sister company Trustee Principles. Terms of the deal were...
Personable Insurance Acquires Texas-Based Endeavor General Agency
May 29 2012 // Excellere Partners, a Denver-based private equity firm, announced that its subsidiary, Personable Insurance, has acquired Endeavor General Agency LLC, a Royce City, Texas-based non-standard personal automobile managing...
Arthur J. Gallagher Acquires Professional Claims Managers
May 23 2012 // Arthur J. Gallagher & Co. has acquired Professional Claims Managers Inc. in Dallas, Texas. Terms of the transaction were not disclosed. Formed in 1986, Professional Claims Managers (PCM) is a full service third party...
Nationwide Mutual Completes Harleysville Acquisition
May 21 2012 // Nationwide Mutual Insurance Co. has completed its previously announced $834 million merger deal with Harleysville Mutual Insurance Co. The deal was first announced in September 2011. Nationwide Mutual policyholders voted...
MetLife to Buy Georgia Golf Site
May 21 2012 // The posh golf community of Reynolds Plantation in Greensboro, Georgia is being bought by MetLife. The Atlanta Journal-Constitution reported that the agreement includes six golf courses, four marinas, nearly 5,000 acres of...
