2014 mergers and acquisitions News

AssuredPartners Acquires Nashville Broker Bandy Van Cleave & Williamson

AssuredPartners Inc. has acquired Bandy Van Cleave & Williamson of Nashville, Tenn. The agency’s staff will continue to operate from their Nashville location under the local leadership of Bob Van Cleave and Chuck Williamson. Bandy Van Cleave & Williamson provide …

ACE to Keep Most Fireman’s Fund Personal Lines Staff: Andrade

ACE Group said it will keep most of the employees with Fireman’s Fund’s personal lines business once its $365 million acquisition of the division from Allianz goes through. “We value Fireman’s Fund talent and culture,” Juan Andrade, an executive vice …

Aquiline Capital Acquires Majority Stake in Beach & Associates in Toronto

Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has made an investment for a majority of the equity in Beach & Associates Ltd., an independent global reinsurance broker based in Toronto, Canada. Beach & Associates’ …

EPIC Acquires Atlanta Specialty Brokerage Greyling

EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage, has acquired Greyling Insurance Brokerage & Risk Consulting, Inc., a specialty insurance broker and risk management consultant based in Atlanta, Ga., with locations in St. Louis, Mo. and Tampa, Fla. …

RSA Insurance Selling Italian Business to ITAS Mutua

RSA Insurance Group Plc agreed to sell its Italian business to ITAS Mutua, the country’s oldest customer-owned insurer. RSA will transfer 434 million pounds ($698 million) of liabilities to ITAS and receive a payment of 19 million pounds, the London-based …

Hilb Group Acquires Martin Agency of Kentucky, Florida

The Hilb Group has acquired The Martin Agency Inc. (TMAI) with offices in Danville, Kentucky, and Celebration and Ormond Beach, Florida. TMAI will continue to operate at its current locations under the leadership of John Carrithers. TMAI represents THG’s continued …

Hub International Acquires Florida’s Ballard Insurance

Chicago-based global insurance broker Hub International Limited has acquired the assets of Ballard Insurance Agency, a Melbourne, Florida-based insurance brokerage with coastal personal lines experience. Terms of the acquisition were not disclosed. Ballard will become part of the Hub International …

ProMutual Completes Acquisition of Medical Malpractice Insurer PPIC

Boston-based Medical Professional Mutual Insurance Co. (ProMutual), a Coverys company, said it has finalized the previously-announced acquisition of Preferred Professional Insurance Co. (PPIC), located in Omaha, Nebraska. PPIC was formerly owned by 18 Catholic healthcare systems, seven of which are …

Guardian Life Acquires Dental Insurer Premier Access

The Guardian Life Insurance Company of America said it has completed its previously announced acquisition of Sacramento, Calif.-based Premier Access Insurance Co., a provider of dental coverage serving more than 5,000 employers and 630,000 members. The addition of Premier Access …

Ironshore Calls Off Acquisition of Australia’s Assetinsure

Bermuda-based Ironshore Inc. announced that its Australian subsidiary’s transaction to acquire all of the shares of Australia’s Assetinsure Holdings Pty Limited, the parent company of Assetinsure Pty Limited, will not proceed by mutual agreement of the parties. No details were …