Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
South Carolina Forms Insurance Funding Program
Sep 3 2010 // South Carolina Insurance Director Scott Richardson, will introduce the new South Carolina Insurance Funding Program (SCIF) during the annual South Carolina Captive Insurance Association Conference, Sept. 13-15 in...
Arthur J. Gallagher Acquires Old Greenwich Consulting Group
Sep 3 2010 // Insurance broker Arthur J. Gallagher & Co. has acquired New York-based Old Greenwich Consulting Group for an undisclosed sum. Old Greenwich offers employee benefit consulting and brokerage services, including life...
Hub Acquires Nevada, Florida Agencies
Sep 2 2010 // Hub International Limited (Hub) has acquired two insurance agencies in the Nevada and Florida. Hub acquired the assets of McFadden Insurance Agency Inc. (McFadden), a Las Vegas–based firm. Terms of the acquisition...
Propel Insurance Acquires Cascade Risk Placement
Sep 2 2010 // Building on its history of providing coverage to builders and developers, independent insurance brokerage Propel Insurance announced it is expanding its real estate expertise by acquiring Cascade Risk Placement Inc. and...
Taiwan’s Fubon: ‘Would Consider’ AIG Taiwan Unit Acquisition
Sep 1 2010 // Taiwan financial holding firm Fubon Financial would consider buying American International Group Inc’s Taiwan insurance unit if it was put back on sale, Fubon’s president said on Wednesday. Speaking at an...
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...
