Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
IAG’s Malaysian Associate, AmG, Seeks to Acquire KurniaIAG
Dec 20 2011 // Insurance Australia Group Limited announced that its 49 percent-owned Malaysian associate, AmG Insurance Berhad, “has submitted for local regulatory review a proposal to enter into an agreement to acquire Kurnia...
Moody’s Corp. Acquires Barrie & Hibbert
Dec 19 2011 // Moody’s Corp. has acquired Barrie & Hibbert Limited, a provider of risk management modeling tools for insurance companies worldwide. The acquisition broadens Moody’s Analytics suite of software solutions...
Arrowhead in San Diego to be Acquired by Brown & Brown
Dec 16 2011 // The parent company of managing general agent San Diego, Calif.-based Arrowhead General Insurance Agency Inc. has entered into an agreement to be acquired by Brown & Brown Inc. The purchase price is $395 million,...
Insurance Australia Group to Acquire New Zealand Insurer AMI
Dec 16 2011 // Insurance Australia Group Limited (IAG) announced it had entered into an agreement to purchase the AMI insurance business for NZ$380 million (approximately A$288 million [US$287.96 million), enhancing its position as New...
Old National Insurance Completes Partnership with Gettings Reed Financial
Dec 14 2011 // Indiana-based Old National Insurance (ONI) has finalized a deal to acquire the employee benefits book of business from Gettings Reed Financial, headquartered in Lafayette, Ind. The acquisition includes group medical, group...
N.Y.-based USI Insurance Services Acquires Bluff Head Enterprises
Dec 13 2011 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., has completed its acquisition of Bluff Head Enterprises in Rhode Island. Bluff Head Enterprises is a Wakefield, Rhode...
Anderson Joins Advocate Reinsurance Partners
Dec 13 2011 // Advocate Reinsurance Partners LLC, a privately owned reinsurance intermediary firm headquartered in Dallas, has added Cory Anderson as a partner. Anderson has worked in the reinsurance sector for more than a decade. He was...
Frost Insurance Acquiring Stone Partners
Dec 13 2011 // Texas-based Frost Insurance announced it will acquire Stone Partners Inc., a human resource consulting firm that specializes in compensation, benefits and outsourcing services, effective Jan. 1, 2012. Stone Partners will...
Report Says M&A Deal Flow Will Pick Up, Lists Potential Candidates
Dec 13 2011 // The insurance industry is likely to see more robust mergers-and-acquisitions activities in 2012, according to a New York investment and research firm. In 2011, the M&A deal volume started off relatively slowly,...
Willis Group Acquires Italian Broker
Dec 12 2011 // Willis Italy, a unit of Willis Group Holdings, announced the acquisition of Broking Italia SRL, a long-established specialist in the Italian insurance market, founded and currently headed by Gianfranco Agostini and Daniela...
Arthur J. Gallagher Acquires Transwestern in Utah
Dec 8 2011 // Transwestern General Agency Inc. in Salt Lake City, Utah has been acquired by Arthur J. Gallagher & Co. Terms of the transaction were not disclosed. Founded in 1945, Transwestern is a managing general agent and...
North Carolina’s Strickland Acquires Carolina Insurance Services
Dec 8 2011 // Strickland Insurance Brokers said it has acquired Carolina Insurance Service Inc. Carolina Insurance is a managing general agent that serves agents in North Carolina, South Carolina and Virginia. The company is based in...
Risk Strategies Company in Boston Acquires Global Insurance Network
Dec 8 2011 // Risk Strategies Company, a brokerage and risk management firm headquartered in Boston, acquired Global Insurance Network, an independent insurance agency in Needham, Mass. As part of the transaction, Global Insurance...
Markel to Acquire Program Administrator Thomco
Dec 7 2011 // Richmond, Virginia-based specialty insurer Markel Corp. is acquiring Thompson Insurance Enterprises, a national program administrator that does business as Thomco. Headquartered in Kennesaw, Georgia, Thomco manages 20...
Great American Insurance Acquires 2 Texas Workers’ Comp Firms
Dec 6 2011 // Great American Insurance Group, headquartered in Cincinnati, Ohio, announced it is acquiring Dallas, Texas-based Employers Comp Associates Inc. (ECA) and Freeman Administrative Solutions Inc. (FAS). ECA and FAS were...
TWFG Buys Heartland Marketing Group
Dec 6 2011 // The Woodlands Financial Group (TWFG) a large privately held insurance organization headquartered in The Woodlands, Texas, announced it has acquired Texans CUSO Insurance Group LLC dba Heartland Marketing Group. Heartland...
Torus Acquires Renewals of C.V. Starr for Continental Europe; Interview with Int’l. CEO O’Donohoe
Dec 5 2011 // Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine,...
Bank of India to Buy 51% of Bharti AXA Asset Manager
Dec 5 2011 // State-run Bank of India said late on Saturday it would buy 51 percent of Indian asset manager Bharti AXA Investment Managers Pvt Ltd from the firm’s two joint venture partners. Bharti AXA Investment Managers is a...
Bell-Anderson in Washington Acquires Cornelius Insurance
Dec 2 2011 // Renton, Wash.-based Insurance provider Bell-Anderson Agency Inc. has acquired Cornelius Insurance of Newman Lake, Wash. Cornelius’ owner, Rick Cornelius, joins the agency’s growing presence in the Spokane...
Investment Firm AssuredPartners Acquires N.Y.-based Agency SKCG Group
Dec 2 2011 // AssuredPartners, a portfolio company of Chicago-based private equity firm GTCR, has purchased SKCG Group, a White Plains, N.Y.-based agency. The company said the SKCG acquisition provides a strategic asset and an...
