All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
May 28 2014 // United Insurance Holdings Corp. (UPC Insurance Co.) has terminated its bid to acquire financially-troubled Sunshine State Insurance Co. (SSIC), a Florida property/casualty insurance company.UPC’s intent to rescue...
May 28 2014 // Arthur J. Gallagher & Co. said it has acquired MGA Insurance Group of Lakewood Ranch, Florida. Terms of the transaction were not disclosed. Established in 1989, MGA Insurance Group (MGA) is a national program...
May 27 2014 // Worldwide Facilities, Inc. has formed a strategic partnership with the Canopius and Beazley Lloyd’s of London syndicates to provide a new underwriting platform for land-based oil and gas lease operators. Products...
May 27 2014 // Canoga Park, Calif.-based RGEB Employee Benefits has acquired the individual, Medicare and group health insurance businesses of A. A. Friss Insurance Services and Alan S. Pearlstein Insurance Services.Both A.A. Friss and...
May 27 2014 // Willis Group Holdings plc announced that it will acquire a controlling stake of approximately 75 percent in Max Matthiessen, an employee benefits adviser in Sweden, for $205 million.Willis said the acquisition...
May 22 2014 // Brown & Brown Inc. said it has completed its acquisition of specialty and flood insurance company The Wright Insurance Group, LLC.In January, Florida-based national insurance broker Brown & Brown said it would...
May 20 2014 // The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in...
May 20 2014 // The Hilb Group of Richmond, Va., has acquired Newman Crane & Associates of Orlando, Fla. NCA will continue to operate at its current location under the leadership of Steve and Jamie Buckner. Established in 1965, NCA...
May 19 2014 // Marsh & McLennan Agency LLC has acquired Visicor, an employee benefits brokerage and consulting firm based in Friendswood, Texas. Terms of the deal were not disclosed. All of Visicor’s leadership and employees...
May 16 2014 // United Insurance Holdings Corp. (UPC) has agreed to acquire 100 percent of Sunshine State Insurance Co. (SSIC), a Florida domiciled property/casualty insurance company.SSIC, based in Jacksonville, Fla., offers homeowners,...
May 14 2014 // Burlington, N.C.-based Axiom Re LP, an indirect subsidiary of Brown & Brown Inc., has acquired certain assets of Axia Strategies Inc. in Minnesota. Following the transaction, Axia’s principals and their team will...
May 14 2014 // Scottsdale Insurance Co. has partnered with Virtue Risk Partners, LLC to offer a commercial package product. Virtue Risk Partners will offer commercial package products, including commercial general liability,...
May 13 2014 // Insurance agency Brown & Brown has acquired the assets of two agencies specializing in the recreational vehicle market. The businesses acquired are Agency Management Corp. (AMC) and its affiliate, Recreational...
May 13 2014 // Medical Professional Mutual Insurance Co. (ProMutual), a Coverys member company, has plans to acquire Preferred Professional Insurance Co. (PPIC), located in Omaha, Neb.PPIC supports Catholic healthcare systems across the...
May 12 2014 // 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...
May 9 2014 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC, has acquired Kinker-Eveleigh Insurance Agency, a $3.5 million revenue agency located in Cincinnati, Ohio.Terms of the transaction were not...
May 9 2014 // Arthur J. Gallagher & Co. has acquired Sunderland Insurance Services Inc. in Walnut Creek, Calif.Terms of the deal were not disclosed. Sunderland is a managing general underwriter that provides excess and surplus hired...
May 9 2014 // Towne Insurance, a subsidiary of Virginia based TowneBank, has acquired Southern Insurance Agency Inc. in Kitty Hawk, North Carolina. The deal continues Towne’s expansion in North Carolina. Southern Insurance will...
May 9 2014 // Project CAP, the organization formed to help local independent agents compete in the digital economy under the Trusted Choice brand, has raised $10 million from two additional carrier investors.The capital from the two new...
May 7 2014 // XL Group announced it has added a Mergers and Acquisitions (M&A) Insurance division to its Financial Lines business and appointed Tim Allen to head the business line as Sr. VP, Global Head of Mergers & Acquisitions...