Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Utah-based Veracity Acquires Stratus
Feb 16 2012 // Pleasant Grove, Utah-based Veracity Insurance Solutions LLC has acquired Stratus Insurance Services Inc. Of particular interest to Veracity was Stratus’s collective experience in program management. The Stratus team...
Town & Country Insurance Agency Completes Whittington Acquisition
Feb 15 2012 // Houston-based Town & Country Insurance Agency Inc., a subsidiary of Encore Bancshares Inc. and an affiliate of Encore Bank N.A., has completed its acquisition of Whittington Insurance Agency. Whittington Insurance...
Arthur J. Gallagher & Co. Acquires ProSource Financial
Feb 10 2012 // Arthur J. Gallagher & Co. has acquired ProSource Financial LLC in Westchester, Ill. Terms of the transaction were not disclosed. Founded in 1986, ProSource Financial LLC is an employee benefit insurance broker that...
Neace Lukens Acquires Indiana’s Jenkins Insurance Services
Feb 10 2012 // Neace Lukens, an AssuredPartners Inc. company, has acquired Jenkins Insurance Services, a Sellersburg, Ind.-based employee benefits insurance firm. Mike Jenkins will join Neace Lukens’ New Albany office and will...
Companies Partner to Offer New Elevator Insurance Program
Feb 9 2012 // JM Associates/Burnham + Company, a division of Hub International Northeast, announced today that The Hartford will now be the general liability carrier for its national elevator program. The new product will provide...
Oklahoma Public Safety Officials Seek More Funding
Feb 9 2012 // Following three years of budget cuts, Oklahoma’s public safety officials told lawmakers their budgets need a boost to restore workforce levels and replace antiquated facilities and equipment. The heads of...
Florida’s Agency Harbor Acquires Fidelity Insurance Associates
Feb 9 2012 // Harbor Insurance Agency as part of its plan to expand its market has purchased Fidelity Insurance Association. Both agencies are located in Naples, Fl., and service the surrounding areas of Bonita Springs, Marco Island,...
Arthur J. Gallagher Acquires Louisiana’s Detlefs Johnson & Partners
Feb 8 2012 // Insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired of Detlefs Johnson & Partners located in Baton Rouge, La. Terms of the transaction were not disclosed. With operations...
Alleghany, Transatlantic Shareholders Approve Merger Agreement
Feb 6 2012 // Alleghany Corp. said its stockholders voted on Monday to approve the previously announced merger agreement with Transatlantic Holdings. Under the deal, as described in the merger agreement between Alleghany and...
The Buckner Co. Acquires Leonardson Insurance in Idaho
Feb 6 2012 // Salt Lake City, Utah-based The Buckner Co. on Monday announced it is expanding operations Idaho with the acquisition of Leonardson Insurance in Rexburg, Idaho. The Buckner Co.’s Rexburg office, at 1109 Summers Drive,...
Fed Sells $7B of Mortgage Securities From AIG Bailout
Feb 6 2012 // The Federal Reserve Bank of New York recently sold $7.01 billion worth of mortgage-backed securities it had assumed from AIG, as the U.S. government continues to recoup its money from its bailout of the insurer. The...
Fed Sells $7B of Mortgage Securities From AIG Bailout
Feb 6 2012 // The Federal Reserve Bank of New York recently sold $7.01 billion worth of mortgage-backed securities it had assumed from AIG, as the U.S. government continues to recoup its money from its bailout of the insurer. The...
TDECU Insurance Acquires 2 More Texas Independent Agencies
Feb 3 2012 // TDECU Insurance Agency LLC announced it has acquired two independent insurance agencies: Assurance Insurance Agency Inc. (Assurance) based in Bellville, Texas, and Burridge Insurance Agency Inc. (Burridge) based in...
BB&T to Acquire P/C, Life Insurance Units of Wholesaler Crump Group
Feb 3 2012 // North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. Under the terms of the agreement, BB&T said it will pay $570...
Chartis Acquires Warranty Services Provider Service Net
Feb 1 2012 // Chartis announced it has acquired Service Net Warranty LLC, an Indiana-based provider of warranty/extended service plan administration and claims services. Chartis will integrate Service Net into its U.S. Warranty...
Whittemore Accused of Embezzling From Ex-Partners
Jan 31 2012 // Former business partners of Nevada developer and lobbyist Harvey Whittemore have sued him, claiming he embezzled and misappropriated more than $40 million. In its lawsuit filed Friday in Clark County District Court, the...
MetLife to Acquire Aviva’s Czech, Hungarian, Romanian Operations
Jan 30 2012 // MetLife, Inc. announced that it has agreed to acquire the life insurance businesses of UK-based Aviva plc in the Czech Republic (Aviva Czech Life) and Hungary (Aviva Hungary Life), and its life insurance and pension...
Ex-Partners Cite Nevada Developer in Funds Lawsuit
Jan 30 2012 // Former business partners of Nevada developer and lobbyist Harvey Whittemore have sued him, claiming he misappropriated millions of dollars. In its lawsuit filed last week in Clark County District Court, the Wingfield...
Kaufman Financial Acquires London’s Chesterfield Group, Texas MGA
Jan 27 2012 // The H.W. Kaufman Financial Group, parent company of wholesale broker and underwriting manager Burns & Wilcox, has purchased Chesterfield Group Ltd., a London-based insurance broker and underwriting organization with...
Companies Partner on Smaller Earthquake Insurance Risks
Jan 26 2012 // Insurance Company of the West (ICW) and WKFC Underwriting Managers have announced a continued expansion of the relationship between the firms for commercial earthquake insurance. The partnership between ICW Group and WKFC...
