The parent company of one of Florida’s largest home insurers has entered into a non-binding deal to purchase another state-based insurer in a move that could affect 21,500 state policyholders. HCI Group Inc. announced it will acquire Prepared Holdings LLC …
Marsh & McLennan Cos. will buy a 34 percent stake in Alexander Forbes Ltd. as Africa’s largest independent pension-fund manager prepares to sell shares on the Johannesburg Stock Exchange next month. Mercer Africa Ltd., a subsidiary of New York-based Marsh …
Marsh & McLennan Agency LLC (MMA) said it has acquired Senn Dunn Insurance in North Carolina. Terms of the transaction were not disclosed. Founded in 1927, Senn Dunn has annual revenue of approximately $30 million and 155 employees. In 2013, …
Ohio-based Motorists Mutual Insurance Co. has agreed to buy the stock of Consumers Insurance USA based in Murfreesboro, Tenn. Consumers Insurance will become a wholly owned subsidiary of Motorists Mutual under the agreement that is subject to stockholder approval and …
Perth, Australia-based conglomerate Wesfarmers has agreed to sell the insurance brokerage and premium funding operations of its Insurance division to subsidiaries of U.S.-based broker Arthur J. Gallagher & Co. for A$1,010 million (about U.S. $933 million). In addition to the …
