Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ProAssurance to Acquire American Physicians Service Group
Sep 1 2010 // ProAssurance Corp., headquartered in Birmingham, Ala., and Austin, Texas-based American Physicians Service Group Inc. (APS) announced that ProAssurance plans to acquire all the outstanding shares of APS in an all-cash...
U.S. Risk Acquires Workers’ Compensation Wholesaler Unisource
Aug 31 2010 // Specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has taken over Florida-located Unisource Program Administrators, a wholesaler of workers’ compensation, for an undisclosed...
North Carolina’s AmWINS Sells Fresno Office
Aug 31 2010 // Charlotte, N.C.-based AmWINS Group, Inc. and Crouse and Associates Insurance Services are pleased to announce that they have reached an agreement for Crouse and Associates to acquire AmWINS’ Fresno office effective...
EagleBank Partners with The Meltzer Group
Aug 30 2010 // Maryland-based EagleBank has launched a referral program with Bethesada-based insurance agency The Meltzer Group. This program focuses on all major lines of insurance. “We’re very excited about this new...
Keystone Welcomes Palmer Miller Nelson as Ohio Partner
Aug 30 2010 // Palmer Miller Nelson Insurance Agency Inc. (PMN) of Columbus, Ohio, has become Keystone Insurers Group’s 24th franchise partner in Ohio. The new arrangement was announced jointly by PMN President Steven Miller and...
William Gallagher Associates Acquires Paradigm
Aug 26 2010 // Boston-based broker William Gallagher Associates has acquired Paradigm Associates, a health and welfare benefit plan consulting group headquartered in Braintree, Massachusetts. Paradigm Associates was founded in 1995 and...
M&A Wrap Up: Year-over-Year, M&A Activity Sustains a Moderate Pace
Aug 24 2010 // Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced...
PPIG Acquires Priority Insurance Underwriters
Aug 23 2010 // Pacific Pioneer Insurance Group, the parent company of UCA General Insurance and Pacific Excess Insurance, has acquired Priority Insurance Underwriters. Located in Arizona, PIU is a wholesale broker that does business...
Equity Risk Partners Names Stratton Director – Business Development
Aug 19 2010 // Equity Risk Partners (ERP) has expanded its Chicago-based team with the addition of Brian Stratton as Director – Business Development. In his new role, Stratton will be responsible for building and managing client...
Des Moines Wants to Buy Flood-Prone Properties
Aug 16 2010 // Officials in Des Moines are looking for money to buy more properties in a flood-prone area of the city. City Manager Rick Clark says that flooding in the Four Mile Creek area is “uncontrolled” — and that...
RSA Confirms Offer to Buy Aviva’s P/C Operations for $7.83 Billion
Aug 16 2010 // UK insurer RSA has confirmed that it has “put forward a proposal to Aviva to acquire its UK, Canadian and Irish general insurance businesses, excluding RAC and Health (the Target Businesses), for £5 billion...
M&A Wrap Up: Year-over-Year, M&A Activity Sustains a Moderate Pace
Aug 16 2010 // Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced...
Year-over-Year, M&A Activity Sustains a Moderate Pace
Aug 16 2010 // Buyers and Sellers Remain Cautious Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last....
Fortress to Buy Majority of AIG Consumer Finance Unit
Aug 12 2010 // American International Group Inc is selling most of its consumer finance unit to Fortress Investment Group at a deep discount and will recognize a $1.9 billion pretax loss as a result. AIG, majority owned by the U.S....
E&S Wrap Up: Broker Mergers, Expansions and Start Ups
Aug 12 2010 // As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many...
Hallmark Financial to Acquire State Auto’s Non-Standard Auto Unit
Aug 10 2010 // Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced that its subsidiary, Hallmark Insurance Co., will acquire State Auto National Insurance Co. from Ohio-based State Auto Financial Corp. (STFC)....
Synergy Benefits Acquired by Brown & Brown
Aug 9 2010 // Florida-based Brown & Brown has acquired Virginia-based benefits firm Synergy Benefits Inc. for an undisclosed sum. Synergy, which has annual revenue of approximately $1.2 million, will merge with Manassas office of...
Keystone Insurers Group Adds Miller & Miller as 23rd Ohio Partner
Aug 9 2010 // Keystone Insurers Group’s newest Ohio partner, Miller & Miller Inc., of Dover, has become the group’s 23rd agency in Ohio and one of 212 independent agencies in six states that comprise and own...
Alabama Buys Hurricane Policy
Aug 9 2010 // Alabama will pay $800,000 annually for three years to an insurance company as a hedge against heavy damage to state property on the coast from a major hurricane. Under the deal that took effect last month, global insurer...
Business Risk Partners Buys Renewal Rights from ProAssurance
Aug 6 2010 // Connecticut-based Business Risk Partners has purchased the renewal rights to the miscellaneous professional liability book of Houston-based ProAssurance Mid-Continent Underwriters Co. Underwriting on behalf of...
