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Ariel co-CEO Milligan to retire after sale of Ariel Re

By: Sarah Veysey

Published August 27, 2014 - 10:07am CST

Tom Milligan, co-CEO of Ariel Holdings Ltd., will retire upon completion of the sale of Ariel's reinsurance operations, Ariel Re, to Sao Paulo-based investment bank Banco BTG Pactual S.A.

National Financial Partners buys mid-market specialist Benefit Resources

By: Jerry Geisel

Published August 22, 2014 - 12:46pm CST

National Financial Partners Corp. said Friday that it has acquired Cincinnati-based Benefit Resources Inc., which specializes in group benefits, human resources and benefit compliance.

Allied World to buy RSA insurance operations in Hong Kong and Singapore

By: Mark A. Hofmann

Published August 22, 2014 - 10:29am CST

Allied World Assurance Co. Ltd. unit has reached agreements to acquire Royal & Sun Alliance Insurance P.L.C. Hong Kong and Singapore operations for about $215 million.

Indonesia lawmakers seek to limit foreign ownership in insurers

Published August 22, 2014 - 8:54am CST

(Reuters) — Indonesian lawmakers are looking into the possibility of reducing the stake foreign investors are allowed to hold in local insurers, the latest move toward more nationalistic policies in Southeast Asia's biggest economy.

NFP acquires two New England brokerages

Published August 19, 2014 - 8:59am CST

National Financial Partners Corp. has expanded its business in New England with a pair of brokerage acquisitions.

USI acquiring seven retail brokerages from Willis

By: Matthew Lerner

Published August 18, 2014 - 2:15pm CST

USI Insurance Services L.L.C. will acquire seven retail brokerage offices from certain subsidiaries of Willis North America Inc., part of Willis Group Holdings P.L.C.

China-based Fosun buying 20% stake in Ironshore

By: Matthew Lerner

Published August 18, 2014 - 10:17am CST

Shanghai-based investment group Fosun International Ltd. is buying a 20% stake in Ironshore Inc. and will become the Hamilton, Bermuda-based insurer's largest shareholder, Ironshore said in a statement Monday.

Brokers should assess how buyouts will affect the way they service clients

By: Matt Dunning

Published August 17, 2014 - 6:00am CST

When mid-market insurance brokers are acquired by larger competitors, maintaining the client relationships they've spent years developing demands an open dialogue between producers and insurance purchasers about their respective post-sale expectations.

Risk Management Associates happy with broker's acquisition transition process

By: Matt Dunning

Published August 17, 2014 - 6:00am CST

Hands-on placement and advisory services factor in why security firm Risk Management Associates Inc. chose employee health benefits broker and consultant in 2007.

Arthur J. Gallagher buys St. Lucia broker Minvielle & Chastanet

By: Mark A. Hofmann

Published August 11, 2014 - 3:05pm CST

Arthur J. Gallagher & Co. has acquired certain assets of St. Lucia-based Minvielle & Chastanet Insurance Brokers Ltd., Gallagher said Monday.

Integro acquires specialist London broker

Published August 08, 2014 - 10:21am CST

Integro Ltd. has acquired London-based Stonehouse Conseillers Ltd., a specialist insurance broker serviing the needs of commercial film production companies and international advertising agencies.

Aon buys Peruvian brokerage Grana

By: Mark A. Hofmann

Published August 07, 2014 - 8:51am CST

Aon P.L.C.'s Aon Risk Solutions unit has acquired Lima, Peru-based brokerage Grana y Asociados, Aon said Wednesday.

Gallagher acquires Denver-based benefits consultant Denman

By: Matt Dunning

Published August 06, 2014 - 3:59pm CST

Arthur J. Gallagher & Co. on Wednesday said it has acquired Denman Consulting Services Inc., a Denver-based employee benefits consulting firm.

Insurer enthusiasm growing for acquisitions: KPMG survey

By: Mark A. Hofmann

Published August 06, 2014 - 10:25am CST

Insurer interest in strategic acquisitions is on the upswing, according to a survey released by KPMG L.L.P. on Wednesday.

Health plan administrator WageWorks expands with Conexis acquisition

By: Jerry Geisel

Published August 05, 2014 - 2:18pm CST

WageWorks Inc., a San Mateo, California-based administrator of consumer-driven health and other benefit plans, said it has purchased health plan administrator Conexis Benefits Administrators L.P., a unit of The Word & Brown Cos. in Orange, California.

Insurance broker Hilb acquires Kentucky-based Martin Agency

By: Kate Shepherd

Published August 05, 2014 - 1:40pm CST

Independent insurance brokerage The Hilb Group L.L.C. has acquired Danville, Kentucky-based brokerage The Martin Agency Inc., Richmond, Virginia-based Hilb said Tuesday.

Insurer Ageas urged to halt dividends until Fortis legal claims settled

Published August 05, 2014 - 9:18am CST

(Reuters) — A lawyer for shareholders seeking compensation over the 2008 bailout and breakup of Dutch-Belgian lender Fortis Bank S.A./N.V. urged the succeeding company, Ageas S.A./N.V., on Tuesday to suspend dividend payments until legal claims are settled.

Property/casualty insurers pursue growth through M&As in new markets: Report

By: Matthew Lerner

Published August 04, 2014 - 12:01pm CST

Property/casualty insurers and reinsurers used mergers and acquisition to penetrate new geographical markets during the first half of 2014, according to a special report issued by A.M. Best Co., Inc. on Monday

Hub acquires Florida agency

Published August 04, 2014 - 9:57am CST

Hub International Ltd. has acquired the assets of Ballard Insurance Agency, a Melbourne, Florida-based insurance brokerage.

Aspen Insurance remains independent after Endurance's hostile takeover bid fails

By: Matthew Lerner

Published August 03, 2014 - 6:00am CST

Endurance Specialty Holdings Ltd.'s abandonment of its $3.2 billion hostile takeover bid for fellow Bermudian insurer and reinsurer Aspen Insurance Holdings Ltd. recognized Aspen shareholders' tepid response to proposals meant to seal the deal.

Endurance terminates takeover bid for Aspen Insurance

By: Matthew Lerner

Published July 30, 2014 - 3:47pm CST

Endurance Specialty Holdings Ltd. on Wednesday said it has terminated its offer to acquire Aspen Insurance Holdings Ltd. and will not be pursuing its board size increase and scheme of arrangement proposals.

Crawford acquires U.K.-based construction and engineering adjuster

By: Kate Shepherd

Published July 30, 2014 - 1:18pm CST

Crawford & Co. has finalized the purchase of Manchester, England-based construction and engineering adjuster Buckley Scott Associates Ltd.

Willis quarterly revenue up 5.1%, but taxes, expenses blunt profit

By: Matthew Lerner

Published July 29, 2014 - 5:38pm CST

Willis Group Holdings P.LC. said Tuesday that its second-quarter revenue increased 5.1% to $935.0 million as commissions and fees grew, but increased income tax charges and expenses limited its net income.

Aspen shareholders vote to reject meetings proposed by Endurance

By: Matthew Lerner

Published July 28, 2014 - 10:35am CST

Shareholders of Aspen Insurance Holdings Ltd. have voted to reject two meeting proposals from Endurance Insurance Holdings Ltd. in the latest round of the battle waged over Endurance's $3.2 billion hostile takeover offer.

EPIC buys Leavitt Group's Jenkins Insurance unit

By: Kate Shepherd

Published July 22, 2014 - 12:41pm CST

Edgewood Partners Insurance Center Inc., which does business as EPIC, has purchased Concord, California-based Jenkins Insurance Services Inc., a unit of Leavitt Group Enterprises Inc.

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