M&A 2013: Insurers, Reinsurers and Brokers

INN presents a compilation of insurance M&A stories. Deals are presented by size and chronology.

 

M&A Activity Seen Increasing Among Global Insurers
News & Analysis: In North America, insurance execs say deals are being driven by depressed premiums and more stringent capital requirements, according to Towers Watson report.

MetLife Expands in Chile with $2 Billion Purchase
In midst of purchase, CEO shares company goal of generating at least 20 percent of operating earnings from emerging markets by 2016.

Torus Insurance Holdings Acquired, Names New CEO
Enstar Group Ltd. enters a definitive agreement valued at $692 million to acquire global specialty insurer Torus, which recently appointed Dermot O'Donohoe its new group CEO.

ACORD Continues to Grow Through Mergers
Standards organization consolidates with DISA, an organization that focuses on cross-industry electronic standards.

Liberty Mutual Enters Mexican Market with Acquisition
The Mexican surety company, Primero Fianzas, generated more than $33 million in gross written premium in 2012.

AmTrust Financial to Acquire First Nonprofit Companies
AmTrust also announces intent to acquire Mutual Insurers Holding Co.

 

Hamilton Insurance Completes S.A.C. Re Acquisition
The acquisition results in the establishment of Hamilton Re, which will put heavy emphasis on data analytics, research and fully integrated technology.

Marsh & McLennan Acquires Cambridge Property & Casualty
All 41 employees of Cambridge Property & Casualty will join MMA.

Assurant Acquires Lifestyle Services Group
Specialty insurer turns to M&A to expand its presence in the mobile insurance market.

Willis Re Partners With KatRisk, SpatialKey
Partnership designed to offer Willis Re clients analytical capabilities to enable better management of flood accumulations.

The Hartville Group and Crum & Forster to Merge
Crum & Forster has already underwritten the pet insurer's plans since 2006.

Arthur J. Gallagher Acquires Cleaveland Insurance
Depth of experience, location and culture will complement P&C and benefits brokerage; key associates to continue operations from current location.

USI Completes Acquisition of Molton, Allen & Williams
Tenth largest U.S. insurance broker partners with 127-year-old commercial, personal lines and employee benefits broker to extend its reach into the Southeast.

USI Insurance Acquires Wick Pilcher
Acquisition to help USI become one of the largest middle-market insurance brokerage firms in Phoenix.

NFP Acquires Insurance West
Acquisition of agency and provider intended to strengthen NFP's P&C West Coast presence.

VeriClaim Acquires Property Claims Services
Acquisition expands the service provider's P&C claims capabilities globally.

NFP Acquires Wood Insurance Group
By adding the liability insurer to its P&C division, NFP looks to create a national medical malpractice division.

Digital Insurance Acquires TurnKey Benefits
With acquisition, firm becomes part of Digital Benefit Advisors’ network, opens North Carolina office.

AmTrust to Acquire Sagicor Subsidiaries in $86M Deal
The specialty property/casualty insurer expands its global capabilities with the acquisition, which is expected to close in Q4 2013.

Guy Carpenter Acquires Reinsurance Risk Manager
Acquisition of Smith Group intended to expand the reinsurer's products and services.

 

Wisconsin Independent Agencies Come Together
One of the largest insurance agencies in Wisconsin grows with the acquisition of Burkart-Heisdorf.

AssuredPartners Acquires Tobias Insurance Group
Tobias will continue operating at its headquarters in Indianapolis.

Related content: M&A 2013: Insurance-Applications Vendors

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