Business Insurance

Login  |  Register Subscribe

Mergers & Acquisitions Subscribe to RSS feed for 'Mergers & Acquisitions'

National General acquires health insurance managing general agent for $15 million

By: Shelby Livingston

Published January 26, 2015 - 2:45pm CST

National General Holdings Corp. on Monday said it has acquired Lombard, Illinois-based health insurance managing general agent Healthcare Solutions Team Inc. for $15 million.

PartnerRe, Axis Capital agree to $11 billion merger

By: Sarah Veysey

Published January 26, 2015 - 9:45am CST

Axis Capital Holdings Ltd. and PartnerRe Ltd. say they will merge to establish a specialty insurer and reinsurer with gross written premiums of more than $10 billion in a nearly $11 billion stock-swap deal.

Willis, Miller to form specialty wholesale broker in London

By: Matthew Lerner

Published January 22, 2015 - 11:15am CST

Willis Group Holdings P.L.C. and Miller Insurance Services L.L.P. have reached an agreement to combine their respective wholesale businesses to form a London-based specialty wholesale insurance broking firm, Willis said Thursday.

Green Bay banking company acquiring consulting firm for $48 million

By: Shelby Livingston

Published January 21, 2015 - 3:14pm CST

The deal which is expected to close in February, could cost as much as $56 million if certain contingencies are met, Green Bay, Wisconsin-based Associated Banc-Corp said in a statement released Jan. 16.

AIG to acquire Irish health insurer

By: Matthew Lerner

Published January 21, 2015 - 3:06pm CST

American International Group Inc. on Wednesday said it is acquiring Cork, Ireland-based health insurer Laya Healthcare Ltd.

Alliant to buy QBE's U.S. specialty agencies for $300 million

By: Sarah Veysey

Published January 20, 2015 - 9:41am CST

CORRECTION: An earlier version of this article mistakenly reported that QBE Insurance Group Ltd. was selling Southern Insurance Underwriters Inc. In fact, QBE never owned Southern Insurance Underwriters Inc. and is selling a completely different company, Glendale, California-based SIU L.L.C., which does business as SIU Managers. Southern Insurance Underwriters Inc., which is owned and managed by...

Talent retention will be a key challenge in XL, Catlin merger

By: Sarah Veysey And Mark A. Hofmann

Published January 18, 2015 - 6:00am CST

The need to retain key staff members and the business they generate will be a key challenge in the merger of XL Group P.L.C. and Catlin Group Ltd.

XL, Catlin merger prompts series of executive changes

By: Sarah Veysey

Published January 18, 2015 - 6:00am CST

A series of executive changes are expected following the merger of XL Group P.L.C. and Catlin Group Ltd.

China expected to pursue larger role in U.S. insurance market

By: Douglas McLeod

Published January 18, 2015 - 6:00am CST

Chinese companies such as conglomerate Fosun International Ltd. will become larger players in the U.S. insurance market, which they see as a key step in their global expansion.

HIIG acquires Elite Underwriting Services

By: Shelby Livingston

Published January 16, 2015 - 11:05am CST

Houston International Insurance Group Ltd. has acquired Malvern, Pennsylvania-based Elite Underwriting Services.

Burns & Wilcox Canada acquires Avec Insurance Managers

By: Shelby Livingston

Published January 15, 2015 - 10:07am CST

Managing general agent Burns & Wilcox Canada Inc., a unit of Kaufman Financial Group, has acquired Toronto-based MGA Avec Insurance Managers Inc.

Hiscox acquires MGA and high-end insurer

By: Sarah Veysey

Published January 14, 2015 - 9:27am CST

Hiscox Ltd. said Wednesday it had reached a preliminary agreement to acquire a managing general agent and a high-net-worth insurance company from Randall & Quilter Investment Holdings Ltd.

Arthur J. Gallagher acquires California employee benefits consulting firm

By: Shelby Livingston

Published January 13, 2015 - 11:59am CST

Arthur J. Gallagher & Co. has acquired Newport Beach, California-based employee benefits consulting firm e3 Financial.

Ironshore International acquires Dubai-based specialty underwriter

By: Matthew Lerner

Published January 12, 2015 - 12:18pm CST

Ironshore International Ltd. has acquired Dubai-based Visionary Underwriting Agency Ltd., Ironshore said Monday.

Keefe, Bruyette & Woods acquires insurance research firm

By: Shelby Livingston

Published January 09, 2015 - 10:54am CST

Investment bank Keefe, Bruyette & Woods Inc., a subsidiary of Stifel Financial Corp., has acquired Wilmette, Illinois-based insurance research firm Cagney Research Group Inc.

XL to write nearly a tenth of Lloyd's business after Catlin buyout

Published January 09, 2015 - 9:45am CST

(Reuters) - XL Group P.L.C. said it would buy underwriter Catlin Group Ltd. for about 2.79 billion pounds ($4.28 billion), increasing the Dublin-based insurer's share of business written in the Lloyd's of London market to nearly 10%.

Alliant Insurance Services acquires American Benefits Consulting

By: Shelby Livingston

Published January 08, 2015 - 4:36pm CST

Specialty insurance broker Alliant Insurance Services Inc. said Wednesday it has acquired employee benefits consulting firm American Benefits Consulting L.L.C.

Marsh & McLennan Agency acquires The Benefit Planning Group

By: Shelby Livingston

Published January 08, 2015 - 3:40pm CST

Marsh & McLennan Agency L.L.C., a subsidiary of Marsh L.L.C., on Thursday said it has acquired Durham, North Carolina-based employee benefit consulting firm The Benefit Planning Group Inc.

Brown & Brown MGA unit buys Hall-Wright General Agency

By: Shelby Livingston

Published January 07, 2015 - 1:08pm CST

Managing general agent Texas Security General Insurance Agency Inc., a subsidiary of Brown & Brown Inc., has acquired San Antonio, Texas-based MGA Hall-Wright General Agency Inc.

Marsh acquires Belgium trade credit insurer

By: Sarah Veysey

Published January 07, 2015 - 9:32am CST

Marsh L.L.C. has acquired Aalst, Belgium-based trade credit insurer Trade Insure N.V., Marsh announced Wednesday.

Solvency II capital rules may spark insurer mergers and acquisitions

By: Sarah Veysey

Published January 04, 2015 - 6:00am CST

As insurers and reinsurers across Europe make their final preparations for Solvency II, the introduction of the long-awaited risk-based capital rules may spark merger and acquisition activity.

China's Fosun enters U.S. market with $433M Meadowbrook Insurance buy

Published December 31, 2014 - 9:47am CST

(Reuters) — Fosun International is making its first foray into the U.S. insurance market and buying property/casualty insurer Meadowbrook Insurance Group, a deal that it said would help it secure funds for further acquisitions.

Accident Fund Holdings names alternative markets leader

By: Stephanie Goldberg

Published December 24, 2014 - 11:30am CST

Patrick Walsh has been named alternative markets leader for Accident Fund Holdings Inc., the Lansing, Michigan-based workers compensation insurer said Tuesday.

Catlin sells European personalized auto insurance service for $133M

By: Matthew Lerner

Published December 22, 2014 - 11:49am CST

Catlin Insurance Co. Ltd., a subsidiary of Hamilton, Bermuda-based Catlin Group Ltd. has agreed to sell its investment in Box Innovation Group Ltd. a personalized auto insurance service that trades as Insure the Box, to Aioi Nissay Dowa Insurance Co. of Europe Ltd., for £85 million ($132.8 million), Catlin said Monday.

XL Group's $3.4 billion bid to buy London rival Catlin may start trend

By: Douglas McLeod

Published December 21, 2014 - 6:00am CST

XL Group P.L.C. will gain scale and a much bigger London presence with its proposed acquisition of Catlin Group Ltd., though some experts express caution about potential pitfalls of the combination.

More »