Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
K&K Insurance Acquires Leisure Sports Specialists
Feb 4 2010 // K&K Insurance Group Inc. has acquired Fort Wayne, Ind.-based Leisure Sports Specialists LLC. Terms of the transaction were not disclosed. The Leisure Sports Specialists acquisition expands K&K’s footprint as...
Allianz, Daimler Sign International Auto Coverage Partnership Agreement
Feb 3 2010 // Germany’s largest insurer has signed a partnership agreement with car-maker Daimler to provide global automotive insurance. The agreement also provides that Allianz will become Daimler’s exclusive partner for...
Confie Seguros Acquires Vern Fonk Insurance Services
Feb 1 2010 // New York-based Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired Puget Sound, Ore.-based Vern Fonk Insurance Services Inc. Vern Fonk serves Washington and Oregon. The...
Dallas Agency, Agent Partner to Form Lipscomb & Cathey
Feb 1 2010 // Dallas-based Lipscomb Insurance Group has partnered with Ronnie Cathey to form Lipscomb & Cathey. Cathey’s expertise includes real estate and marine insurance. Lipscomb is a full service agency offering...
Hales Reports Brokerage M&As Down 40% in 2009; Expects Better 2010
Jan 28 2010 // A prolonged soft market coupled with the worst economic period since the Great Depression as well as uncertainty related to national health care reform, caused insurance brokerage buyers and sellers to struggle with how to...
NSM Acquires Condon & Skelly Collectible Vehicle Insurance
Jan 27 2010 // NSM Insurance Group acquired Condon & Skelly Collectible Vehicle Insurance, effective Dec. 31, 2009. Founded in 1965, Condon & Skelly Collectible Vehicle Insurance began as a small niche insurance provider, and...
PartnerRe’s January Non-Life Treaty Renewals ‘Stable’
Jan 27 2010 // Bermuda,-based PartnerRe Ltd. announced that during the January 1, 2010 treaty renewal season it expects to write and bind approximately $2.6 billion of non-life premium. The bulletin added that this figure “includes...
Florida Peninsula Finalizes Acquisition of Edison Insurance
Jan 27 2010 // Florida Peninsula Holdings, LLC, the parent company of Florida Peninsula Insurance Co., reports it has completed its acquisition of Edison Insurance Group, including its two subsidiaries: Edison Insurance Co. and Edison...
EAGiL Acquires Goebel Insurance Agency
Jan 27 2010 // Goebel Insurance Agency of Philadelphia has been acquired by Eagil Financial Group, a New Jersey-based firm that provides financial planning services to high net worth clients. Financial details of the transaction were not...
Jordan Sells California Insurance Agency to Daughter
Jan 26 2010 // Elmer R. Jordan, past president of the Independent Agents and Brokers Association of the San Fernando Valley, Calif., has sold his agency to his daughter Karen Jordan-Quigley. The new name of the agency is Karen &...
Asia Special Situation Acquisition Corp. Makes Insurance Company Buy
Jan 25 2010 // The Asia Special Situation Acquisition Corp. (ASSAC) announced that it has completed its business combination by the acquisition of one insurance company together with approximately $650 million of assets from two...
How Rising Capital Gain Tax Rates Might Impact Tomorrow’s M&A Market
Jan 24 2010 // Agencies Contemplating Selling Soon Should Understand Their Opportunity Costs First Capital gain tax rates will increase when the current legislation sunsets at the end of 2010. The best case scenario is the current 15...
How Small Group Partnerships Help Agencies to Grow Employee Benefits Revenue
Jan 24 2010 // Gibson Insurance Group, Bolton & Co. Tell Their Tales of Growth In today’s challenging economic environment, property/casualty brokers are struggling to thrive. Toss in management of increasingly complex employee...
Private Crop Insurers Oppose Funding Cuts
Jan 22 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program they say would cut $4 billion — or $800 million a year — over the next five years. The proposal, by the...
White Mountains Re to Buy Troubled Nebraska-Based Insurer
Jan 22 2010 // White Mountains Re Ltd., a wholly owned subsidiary of White Mountains Insurance Group Ltd. has agreed to acquire Central National Insurance Company of Omaha, Neb., from Drum Financial Corporation. In runoff since 1989,...
Lockton Acquires Equity Stake in South Korean Broker IMI
Jan 21 2010 // Lockton announced that it has obtained a “significant equity holding in South Korean insurance broker IMI, with options to purchase an increased shareholding.” IMI has also been renamed Lockton Companies...
Risk Strategies Acquires GSM Insurance Services
Jan 20 2010 // Risk Strategies Co., a national insurance brokerage and risk management firm has completed its acquisition of GSM Insurance Services in Irvine, Calif. GSM is a specialty insurance organization with a focus on construction...
The Hanover Acquires The Campania Group
Jan 19 2010 // Worcester, Massachusetts-based insurer The Hanover Insurance Group Inc. will acquire The Campania Group, a medical and general liability insurer for the health care industry. Terms of the deal were not disclosed. The...
Copart to Acquire Five UK Facilities
Jan 15 2010 // Copart UK Limited announced that it has agreed to acquire D Hales Limited, a UK-based vehicle salvage disposal company, headquartered in Bristol, with five auction and auto parts facilities located in Bristol (Avonmouth),...
Florida Workers’ Comp Insurer SUNZ Buys Tennessee’s Brentwood National
Jan 15 2010 // SUNZ Insurance Co. of St. Petersburg, Fla. reported it has acquired Brentwood National Insurance Co. of Brentwood, Tenn., a workers’ compensation services and claims firm. SUNZ sells workers’ compensation...
