Mergers & Acquisitions
AssuredPartners buys Delaware agency
AssuredPartners Inc. has bought B&H Insurance LLC, an insurance agency with about $8 million in annual revenue.
France’s Scor, Covea agree to bury the hatchet
Covea, the top shareholder of Scor SE, on Thursday agreed to an orderly exit from Scor as the battling insurance groups reached a settlement over a frustrated takeover attempt and ensuing legal disputes.
IMA unit buys wholesale insurance brokerage
An IMA Financial Group Inc. unit said Wednesday it has acquired Professional Lines Underwriting Specialists Inc., an Austin, Texas-based wholesale insurance brokerage that specializes in management and professional liability.
Aon sees early Q3 close on Willis deal
Aon PLC plans to close its $30 billion proposed purchase of rival Willis Towers Watson PLC “as early as possible in the third quarter,” according to Aon CEO Greg Case.
Higginbotham buys entertainment brokerage
Higginbotham Insurance Group Inc. has acquired Ascend Insurance Brokerage, a Dallas-based firm specializing in placing insurance for the entertainment industry.
Rulings on AssuredPartners M&A litigation mixed
A Delaware judge, ruling for two different state courts, is permitting some charges filed by the previous owners of a Virginia brokerage acquired by AssuredPartners Inc. to continue, while dismissing others, in mixed rulings.
The Institutes set to buy III as trade group mergers continue
The Institutes is in talks to acquire the New York-based Insurance Information Institute, one of the few remaining independent trade associations representing the property/casualty industry, sources say.
McLarens buys energy loss adjuster Lloyd Warwick International
Global claims manager McLarens said Friday it has acquired London-based Lloyd Warwick International Ltd., a specialist energy loss adjuster jointly owned by its employees and Crawford & Co.
France’s Covea backs out of purchase of Exor’s PartnerRe
French insurer Covea has walked away from its planned $9 billion purchase of PartnerRe, the Bermuda-based reinsurer owned by Exor, the holding firm of Italy’s Agnelli family, saying it could no longer buy under the terms of their agreement.
AssuredPartners expands Florida footprint
AssuredPartners Inc. has acquired Cypress Insurance Group Inc., a commercial and personal lines agency in Fort Lauderdale, Florida.
NFP buys broker focused on professional baseball
NFP Corp. acquired LFG Inc., DBA Team Scotti, in a transaction that closed Dec. 1, NFP said in a statement Monday.
Terms of the deal were not disclosed.
