IFAwebnews » acquisitions

Life insurers sell shares in British tech firm to Pa. company

Jaime L. Brockway — Thu, 17 May 2012 11:56:52 +0000

A group of life insurers sold their shares in a United Kingdom-based financial services technology firm to an American technology firm, introducing its business to the UK, Europe and Asia.

Life insurers sell shares in British tech firm to Pa. company via IFAwebnews.

Towers Watson boosts Medicare offerings with $435M Extend Health deal

IFAwebnews Staff — Mon, 14 May 2012 13:49:59 +0000

Towers Watson, a professional services company based in New York, is acquiring Extend Health, which operates the largest private Medicare exchange in the U.S., as it seeks to expand its retirement services offerings.

Towers Watson boosts Medicare offerings with $435M Extend Health deal via IFAwebnews.

Virginia ends moratorium on Shenandoah Life policy payments

Bob Graham — Tue, 08 May 2012 15:59:20 +0000

The three-year moratorium on payments to policyholders of Shenandoah Life Insurance Co. has come to an end with the insurer's sale, Virginia insurance regulators say.

Virginia ends moratorium on Shenandoah Life policy payments via IFAwebnews.

Gallagher acquires retail insurance broker serving central U.S.

IFAwebnews Staff — Fri, 04 May 2012 12:21:00 +0000

Arthur J. Gallagher & Co. acquired Schiff, Kreidler-Shell Insurance and Risk Services, a retail insurance broker based in Cincinnati, Ohio.

Gallagher acquires retail insurance broker serving central U.S. via IFAwebnews.

BenefitMall merges with CompuPay, seeking faster growth

Bob Graham — Wed, 02 May 2012 19:33:26 +0000

The country's largest general insurance agency, BenefitMall, merged with CompuPay, a payroll solutions company, as it looks to accelerate its growth.

BenefitMall merges with CompuPay, seeking faster growth via IFAwebnews.

Harleysville merger with Nationwide completed

IFAwebnews Staff — Wed, 02 May 2012 17:03:58 +0000

Nationwide Mutual Insurance Co. completed its merger with Harleysville Mutual Insurance Co., paying $834 million to expand its operations.

Harleysville merger with Nationwide completed via IFAwebnews.

Va. insurer’s subsidiary continues ‘buy, build and hold’ growth plan

Jaime L. Brockway — Tue, 01 May 2012 16:11:38 +0000

A non-insurance subsidiary of Markel Corp. acquired a majority interest in a manufacturer of wood for truck assembly that continues its plan to invest in and help grow businesses in niche markets.

Va. insurer’s subsidiary continues ‘buy, build and hold’ growth plan via IFAwebnews.

The Hartford to sell unwanted units to Forethought Financial Group

IFAwebnews Staff — Sun, 29 Apr 2012 23:35:24 +0000

Hartford Financial Services Group struck a deal with Forethought Financial Group, a privately held financial services company, to sell its its individual annuity operations.

The Hartford to sell unwanted units to Forethought Financial Group via IFAwebnews.

Kemper rebranding Unitrin Specialty under its name

Jaime L. Brockway — Wed, 18 Apr 2012 15:30:59 +0000

Kemper Corp., a Chicago, Ill.-based personal and commercial auto insurance provider, is changing the name of its Unitrin Specialty business to Kemper Specialty.

Kemper rebranding Unitrin Specialty under its name via IFAwebnews.

Brown & Brown buys Moten Associates in Pennsylvania

IFAwebnews Staff — Tue, 17 Apr 2012 13:08:23 +0000

Brown & Brown acquired Moten Associates, a Norristown, Pa., insurance agency, for an undisclosed amount, according to the company.

Brown & Brown buys Moten Associates in Pennsylvania via IFAwebnews.