Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Fremont Michigan to Be Acquired by Auto Club Insurance
Apr 18 2011 // Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurer, has agreed to be acquired by Auto Club Insurance Association (ACIA), a Michigan-domiciled reciprocal inter-insurance exchange. Under the...
Electrical Contractors’ Insurance Services, SELECT Form Partnership
Apr 18 2011 // Electrical Contractors’ Insurance Services (ECIS) has formed an affinity partnership with the Electrical Contractors Association of Scotland, known as SELECT. The partnership will allow ECIS to offer a range of...
Aon Benfield Partners with Shanghai Institute on Typhoon Research
Apr 14 2011 // Global reinsurance broker Aon Benfield and Shanghai Typhoon Institute (STI) of China Meteorological Administration – the only state-funded typhoon research institute in China – have entered into an exclusive strategic...
INSURICA Buys Guaranty Insurance, Nearly Doubles in Size
Apr 11 2011 // Oklahoma City-based privately held independent insurance agency, INSURICA, announced it has acquired Guaranty Insurance Services, headquartered in Plano, Texas. INSURICA President and CEO Mike Ross said the acquisition...
Goldman Buys 12% Stake in China Insurer
Apr 11 2011 // Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co. Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance...
Ascension Insurance Acquires California’s Walter L. Clark & Associates
Apr 8 2011 // Kansas City, Mo.-based Ascension Insurance Inc. announced it acquired Walter L. Clark & Associates Inc., headquartered in Fresno, Calif., effective March 31, 2011. Walter L. Clark & Associates offers commercial...
PointeNorth Acquires 2 Georgia Agencies
Apr 8 2011 // Atlanta-based PointeNorth Insurance Group has acquired two Georgia agencies. PointeNorth acquired Hodges & Associates, an employee-benefit provider in metro Atlanta. The Marietta-based agency’s BondsPlus...
Appalachian Underwriters Buys Reliance Administrators of South Carolina
Apr 8 2011 // Tennessee-based wholesale insurance broker Appalachian Underwriters Inc. has obtained the assets of Reliance Administrators, Inc., a Rock Hill, South Carolina wholesaler that specializes in workers’ compensation,...
Willis Acquires 22.5% Stake in So. Africa Benefits Provider Amabubesi
Apr 8 2011 // Willis Europe BV, a division of Willis Group Holdings, announced the conclusion of a transaction whereby Willis South Africa has acquired 22.5 percent of the equity in Amabubesi Consulting Services (ACS), a specialist...
Goldman Buys 12.02% Stake in China’s Taikang Life
Apr 8 2011 // Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance...
Hub International Acquires Vancouver-based Redcliffe
Apr 6 2011 // Hub International Limited announced that it has acquired Redcliffe Financial Group, a Vancouver, British Columbia-based employee benefits and life insurance brokerage firm. Terms of the acquisition were not disclosed. Hub...
Florida’s Acentria Acquires Advanced Comp
Apr 5 2011 // Insurance agency Acentria Inc., headquartered in Destin, Florida, has acquired another Florida firm, Advanced Comp, a workers’ compensation insurance agency. Fielding Dickey, president and founder of Advanced Comp,...
Confie Seguros Acquires NII
Apr 5 2011 // Confie Seguros has acquired NII Brokerage, an agency with 26 offices concentrated in Upstate New York. Confie Seguros is a private equity-backed firm that is building a nationwide brokerage business focusing on Hispanic...
Rhode Island Ponders Forcing Insurers to Buy Driving Records
Apr 4 2011 // Budget-strapped Rhode Island is considering a new way to raise money: Force insurers to buy official driving reports from the state, at $20 a driver. The move — part of a budget amendment that would alter laws...
Brown & Brown to Acquire Tennessee Bank’s First Horizon Insurance
Apr 1 2011 // Brown & Brown has agreed to acquire First Horizon Insurance Group Inc. from First Tennessee Bank. The acquisition is expected to close in late April of this year. With annualized revenues of approximately $14.8...
R-T Specialty Completes Acquisition of American E&S
Apr 1 2011 // Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, reports it has closed on the acquisition of American E&S Insurance Brokers (AES) from Wells Fargo Insurance Services. RT Specialty...
Arkansas House Passes Budget with Insurance Department Funding
Apr 1 2011 // The Arkansas House, on its fourth try, passed a $4.6 billion state budget that includes operating funds for the state insurance department. The Senate had already passed a similar budget bill. The Legislature is scheduled...
Applied Systems Buys CSR24 Agency Systems Firm Artizan
Mar 31 2011 // Insurance technology company Applied Systems has acquired Artizan Internet Services, a provider of Web-based and outsourced customer service and claims technology for property/casualty insurance agencies wanting to offer...
Hallmark Financial Services Acquires Texas Builders Insurance
Mar 28 2011 // Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced that its subsidiary, American Hallmark Insurance Co. of Texas, is acquiring TBIC Holding Corp. and its wholly owned subsidiaries Texas...
Rhode Island Ponders Forcing Insurers to Buy Driving Records
Mar 25 2011 // Budget-strapped Rhode Island is considering a new way to raise money: Force insurers to buy official driving reports from the state, at $20 a driver. The move — part of a budget amendment that would alter laws...
