Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ProWriters Acquired; Opens as Independent Managing General Underwriter
Nov 28 2012 // West Chester, Pa.-based ProWriters (www.prowritersins.com), formerly a professional liability division of Venture Insurance Programs, has become an independent managing general underwriter (MGU). Brian Thornton, the new...
Northwest Savings Bank Acquires Bert Insurance Group of Pennsylvania
Nov 26 2012 // Northwest Savings Bank agreed to acquire The Bert Insurance Group, an employee benefits and property/casualty insurance agency. The Bert Insurance Group specializes in commercial and personal insurance planning as well as...
Onex Corp. of Canada to Acquire USI for $2.3 Billion
Nov 26 2012 // Canadian private equity firm Onex Corp. said today it has agreed to acquire insurance brokerage USI from Goldman Sachs Group’s GS Capital Partners private equity fund in a transaction valued at $2.3 billion. The deal...
Investment Firm KKR to Acquire Alliant Insurance from Blackstone
Nov 25 2012 // Global investment firm Kohlberg Kravis Roberts & Co. L.P. said it will acquire Alliant Insurance Services Inc., a specialty insurance brokerage firm based in California, from another investment firm, Blackstone, which...
California Sells Out Of First Pollution Permits
Nov 21 2012 // California has sold out of the first pollution permits issued as part of a landmark offensive against greenhouse gases at an inaugural auction that regulators said Monday went smoothly. The effort to curtail carbon...
Endurance Acquires Galileo Weather Risk; Launches Global Weather Service
Nov 21 2012 // Bermuda-based Endurance Specialty Holdings Ltd. announced that it has acquired the assets of Galileo Weather Risk Management, a provider of weather risk management products and services, and has hired all of its employees....
Private Equity Firm Buys Confie Seguros from Genstar
Nov 19 2012 // Confie Seguros was acquired by Boston-based private equity firm ABRY Partners in a deal that closed on Nov. 9, which the rapidly expanding auto insurer focused on the U.S. Hispanic market says will help it grow to double...
CCRIF Partners with Seismic Research Center for Quake, Volcano Risk
Nov 13 2012 // The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Seismic Research Centre (SRC) of The University of the West Indies have entered into a partnership to enhance the Accelerometric Network in the Eastern...
Risk Strategies Co. Acquires Mass.-Based D&D Insurance Agency
Nov 9 2012 // Risk Strategies Company (RSC), a national insurance brokerage based in Boston, recently acquired Burlington, Mass.-based D&D Insurance Agency, an independent personal and commercial lines agency. Terms of the deal...
ABRY Partners Acquires Majority Equity Interest in Confie Seguros
Nov 9 2012 // Confie Seguros was acquired by Boston-based private equity firm ABRY Partners in a deal that closed on Friday under which the rapidly expanding auto insurer focused on the U.S. Hispanic market says will help it grow to...
Marsh & McLennan Agency Acquires Protector Group in Massachusetts
Nov 8 2012 // Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., acquired Worcester, Massachusetts-based The Protector Group Insurance Agency, one of the largest independent agencies in New England. Terms of...
RLI Acquires Houston’s Rockbridge Underwriting Agency
Nov 7 2012 // RLI Corp. announced it has acquired Rockbridge Underwriting Agency, a Houston-based managing general agency specializing in medical malpractice insurance. Led by founder and Chairman James R. Brooks, Rockbridge...
Hub International Acquires Assets of Raintree in Southern California
Nov 6 2012 // Hub International Ltd. acquired the assets of Raintree Insurance Agency Inc., a San Bernardino, Calif.-based insurance brokerage firm. Raintree will become part of the California operations of Hub International Insurance...
Marsh & McLennan Agency Acquires Howalt+McDowell Insurance
Nov 6 2012 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced it has acquired Howalt+McDowell Insurance Inc., the largest independent agency in South Dakota. Terms of the transaction were...
Risk Innovations to Acquire Work Comp Business of TAS Insurance Group
Nov 6 2012 // Atlanta, Ga.-based Risk Innovations LLC announced it will acquire the workers’ compensation book of business of TAS Insurance Group Inc., headquartered in Kansas City, Mo. The deal is scheduled to close effective...
IDP Holdings Acquires NSU’s Hospitality Program in Washington
Nov 6 2012 // IDP Holdings LLC acquired the hospitality business of National Specialty Underwriters Inc., a Bellevue, Wash.-based specialty commercial insurance program manager. As part of the transaction, IDP also purchased NSU’s...
CBIZ Buys Leavitt Pacific’s Employee Benefits in California
Nov 6 2012 // Cleveland, Ohio-based CBIZ Inc. has acquired the employee benefit division of Leavitt Pacific Insurance Brokers Inc. of Campbell, Calif. Leavitt Pacific Insurance provides employee benefits, retirement plan services, as...
Hub International Acquires Canada Broker Huestis Commercial Insurance
Nov 6 2012 // Chicago-based Hub International Limited announced that it has acquired the shares of Huestis Commercial Insurance Ltd. (HCIL), a Saint John, New Brunswick, Canada-based insurance brokerage firm. Terms of the acquisition...
RLI Acquires Medical Malpractice Underwriting Agency
Nov 5 2012 // RLI Corp. has acquired Rockbridge Underwriting Agency, a managing general agency specializing in medical malpractice insurance. Rockbridge Underwriting Agency is a Houston-based managing general agency specializing in...
Businesses Call for Controls on Litigation Funding Firms
Nov 5 2012 // A business lobby group wants the U.S. Congress to regulate companies that provide financing for commercial lawsuits, describing the practice as “coercive enterprise.” The U.S. Chamber of Commerce Institute for...
