Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Beecher Carlson Acquires DW Harper Group
Jun 9 2011 // Atlanta-based Beecher Carlson, an industry specialized insurance brokerage and risk management consulting firm, has acquired Santa Ana, Calif.-based DW Harper Group. The deal further expands Beecher Carlson’s...
Private Equity Firm Buys Controlling Stake in Virginia’s Hilb Group
Jun 9 2011 // A New York private investment firm has taken a controlling interest in Virginia-based insurance broker, The Hilb Group. BHMS Investments has completed a controlling equity investment in The Hilb Group, which was formed in...
Florida’s HomeWise Insurance Completes Merger with First Home
Jun 8 2011 // HomeWise Insurance Co. and First Home Insurance Co. have completed their previously-announced merger. The two Florida domiciled companies, with $25 million of surplus, are combined under the HomeWise Insurance Co....
Appalachian Underwriters, American Alternative Partner on Commercial Auto
Jun 2 2011 // Appalachian Underwriters, Inc. (AUI) has been appointed by American Alternative Insurance Corporation (AAIC) to offer nationwide commercial auto coverage. Appalachian Underwriters is a licensed national managing general...
Gallagher Buys D.C. Financial Firm
Jun 2 2011 // Insurance broker Arthur J. Gallagher & Co. has acquired Independent Fiduciary Services Inc. (IFS), a Washington-based institutional investment advisory firm. Terms of the transaction were not disclosed. Founded in...
Hub Completes Acquisition of South Carolina Agency
Jun 2 2011 // Chicago-based broker Hub International Limited has completed the previously-announced acquisition of First Southeast Insurance Services, Inc., an insurance brokerage firm headquartered in Charleston, South Carolina. FSIS...
QBE Completes Acquisition of Balboa Insurance Portfolio
Jun 2 2011 // Australia’s QBE announced it has completed acquisition of Balboa’s Insurance portfolio, following the agreement with Balboa’s parent, Bank of America, to do so last February. QBE noted that the...
Intact Financial to Acquire AXA’s Canada Operations for $2.684 Billion
Jun 1 2011 // Intact Financial Corp has agreed to buy the Canadian arm of AXA Group for C$2.6 billion ($2.684 billion) in cash in a move that will boost its premiums by more than 40 percent and diversify its product mix. The deal to...
Swiss Re to Acquire $2.62 Billion in Assets from American Life
Jun 1 2011 // Swiss Re announced that it will acquire approximately 300,000 policies and £1.6 billion [$2.62 billon] in assets from American Life Insurance Company. The transaction reinforces Swiss Re’s “commitment to...
Arthur J. Gallagher & Co. Acquires Fish & Schulkamp
May 31 2011 // Arthur J. Gallagher & Co. has acquired Fish & Schulkamp Inc. of Madison, Wis. Terms of the transaction were not disclosed. Founded in 1906, Fish & Schulkamp Inc. is a retail insurance broker providing...
Hub to Acquire South Carolina’s First Southeast Insurance
May 27 2011 // Hub International Limited plans to acquire First Southeast Insurance Services, Inc. (FSIS), an insurance brokerage firm headquartered in Charleston, South Carolina with four operating units in North and South...
Confie Seguros Buys Two New Jersey Agencies
May 27 2011 // Confie Seguros has acquired two New Jersey insurance brokerages – Royale Insurance and First Americano Insurance Agency. The agencies’ founder and CEO, Remberto Perez, will continue to serve as head of the two...
Thomas H. Lee Partners to Acquire Sword Insurance
May 27 2011 // Thomas H. Lee Partners, L.P. (THL), a private equity firm, and the French-owned Sword Group announced that they have signed a definitive agreement under which THL will acquire Sword Insurance, a leading global provider of...
PBS Insurance Acquires Todd R Soll Insurance
May 25 2011 // PBS Insurance Underwriting Corp has acquired Todd R Soll Insurance Services Inc. of Sherman Oaks, Calif. TRS is a wholesaler for professional liability (medical malpractice) insurance coverages throughout the country. TRS...
The Doctors Co. to Acquire FPIC Insurance Group
May 25 2011 // The Doctors Co. announced it will acquire FPIC Insurance Group Inc. a Florida-based provider of medical professional liability insurance for physicians, dentists, and other healthcare providers. The Doctors Co. will...
Provider Names Darcey and Moran Partners
May 25 2011 // Massachusetts-based Provider Insurance agency has named Patrick Darcey and Jamie Moran as shareholders. Patrick Darcey Darcey is a senior sales executive for Provider’s commercial lines department. He joined the firm...
Treasury Sells AIG Shares at Slight Profit
May 25 2011 // The U.S. Treasury is barely breaking even on its investment in beleaguered insurance giant American International Group Inc., according to an early litmus test of market interest in the firm’s stock. The Treasury...
Avizent Acquires Lousiana-based F.A. Richard and Associates
May 24 2011 // Avizent, a national claims and risk management service provider based in Columbus, Ohio, announced it has acquired F.A. Richard and Associates (FARA), headquartered in Mandeville, La. With this acquisition, Avizent expands...
Florida’s Acentria Acquires Jim Harris Agency
May 24 2011 // Destin, Florida-based insurance agency Acentria has acquired Jim Harris & Associates, Inc., with offices in Mary Esther and Crestview. Acentria has six locations in the Florida panhandle.
Arthur J. Gallagher Buys Singapore Broker
May 24 2011 // Arthur J. Gallagher & Co. has acquired specialty insurance broker ITI Solutions Pte Ltd, located in Singapore. ITI’s speclaties include marine cargo, political risk, trade credit risk, and specialty lines. In...
