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Closed Transactions 2018-10-12T11:54:21+00:00

Closed Transactions

For over 20 years, our Firm has continued to be a leader in the insurance market place. Covering all sectors of insurance, Merger & Acquisition Services has completed property casualty and life and health assignments across the country and throughout the world. Our Firm successfully closes 10-15 assignments per year.

The table below provides selected transactions, completed by Merger & Acquisition Services, within the property & casualty and life & health sector, with the ability to filter between sell side assignments and buy side assignments.

Filter by Sell or Buy Side

COMPANY/ASSET ACQUIREDACQUIRER
Greyhawk Insurance Company
Sold to Ascot Group Ltd. Merger & Acquisition Services, Inc. served as the financial advisor to Ascot.
Ascot
Munich RE
Sold Munich Re Stop Loss, Inc., a managing general underwriter of medical stop loss & provider excess of loss business. Merger & Acquisition Services, Inc. served as the sell side financial advisor to Munich Re.
TMS RE
WRM America Indemnity Holdings
Sold WRM America Indemnity Company. Merger & Acquisition Services, Inc. served as the sell side financial advisor to WRM and Aquiline Capital Partners.
Sirius America
TMS RE
Completed a financing transaction. Merger & Acquisition Services, Inc. served as an advisor to TMS RE
Oak Street Funding
Walgreens
Sold Smart Insurance Company to RGA. Merger & Acquisition Services, Inc. served as the buy side financial advisor to RGA.
RGA Group
AXA
Sold AXA Art Insurance Corporation to Munich RE. Merger & Acquisition Services Inc. served as the sell side financial advisor to AXA Art Holdings, Inc.
Munich RE
The Doctors Company
Sold American Healthcare Indemnity Company to Service Lloyds Insurance Company. Merger & Acquisition Services Inc. served as the sell side financial advisor to The Doctors Company.
Service Lloyds Insurance Company
NSM Insurance Group
Sold to White Mountains Insurance Group, LTD. Merger & Acquisition Services Inc. served as the buy side financial advisor to White Mountains Insurance Group.
White Mountains Insurance Group
Norman Spencer Agency
Sold Marine & Crane Businesses to Specialty Program Group, LLC. Merger & Acquisition Services Inc. served as the sell side financial advisor to the Norman Spencer Agency.
Specialty Program Group, LLC
Leitao Insurance
Sold to HUB International. Merger & Acquisition Services Inc. served as the sell side financial advisor to Leitao Insurance.
Hub International
ITMA
Sold to Augustus Specialty. Merger & Acquisition Services Inc. served as the sell side financial advisor to ITMA – International Transportation & Marine Agency.
Augustus Specialty
HealthMarkets, Inc
Sold HealthMarkets Insurance Company to Aflac Incorporated. Merger & Acquisition Services Inc. served as advisor to Aflac Incorporated.
Aflac
Hiscox
Sold Blue Hill Specialty Insurance Company Inc. to Progressive Corp.. Merger & Acquisition Services Inc. served as the advisor to Progressive Corp.
Progressive
Mutual of Omaha
Sold Omaha Indemnity to Hannover Re. Merger & Acquisition Services Inc. served as the sell side advisor to Mutual Of Omaha.
Hannover RE
Coverys
Sold ProSelect National Insurance Company to Clear Underwriters LLC. Merger & Acquisition Services Inc. served as the advisor to Coverys.
Clear Underwriters LLC
Allianz
Sold Allianz Life & Annuity Company to Munich-American Holding Corporation. Merger & Acquisition Services Inc. served as advisor to Allianz Life Insurance Company of North America.
Munich RE
Investors Heritage Capital Corporation
Sold to Aquarian Investors Heritage Holdings LLC. Merger & Acquisitions Services, Inc. served as advisor to Aquarian Investors Heritage Holdings LLC.
Aquarian Investors Heritage Holdings LLC
Morgan Stanley
Sold Longevity Insurance Company to Penn Insurance and Annuity Company. Merger & Acquisition Services Inc. served as the advisor to Morgan Stanley.
Penn Insurance and Annuity Company
Union Labor Life Insurance Company
Sold ULLICO Life Insurance Company to Clover Health Investments Corp. Merger & Acquisition Services Inc. served as the advisor to Union Labor Life Insurance Company
Clover Health Investments Corp.
National Assurance Title Inc.
Sold to Live Oak Bancshares, Inc. Merger & Acquisition Services, Inc. served as buy side advisor to Live Oak Bancshares, Inc.
Live Oak Bancshares, Inc.
Sirius Global Solutions
Sold Ashmere Insurance Company to National Fidelity Holdings, Inc. Merger & Acquisition Services, Inc. served as sell side advisor to Sirius Global Solutions.
National Fidelity
AXA
Sold Mosiac Insurance Company to Metromile, Inc. Merger & Acquisition Services, Inc. served as sell side advisor to AXA.
Metromile Inc.
Hanover Insurance Group Inc.
Sold Professionals Direct Insurance Company to Watford Specialty Insurance Company. Merger & Acquisition Services, Inc. served as the sell side advisor to Hanover.
Watford Specialty Insurance Company
Allianz
Sold Fireman’s Fund Insurance Company Of Ohio to State National Insurance Company. Merger & Acquisition Services Inc. served as buy side advisor to State National Insurance Company.
State National Insurance Company
Global Indemnity Insurance Group
Sold United National Specialty Insurance Company to State National Insurance Company. Merger & Acquisition Services, Inc. served as the sole advisor to Global Indemnity Insurance Group.
State National Insurance Company
Daimler
Sold Intrepid Insurance Company to W. R. Berkley Insurance Company. Merger & Acquisition Services, Inc. served as the sole financial advisor to Daimler AG.
W. R. Berkley Insurance Co.
Reltco Inc.
Sold to Live Oak Bancshares Inc. Merger & Acquisition Services, Inc. served as buy side advisor to Live Oak Bancshares.
Live Oak Bancshares, Inc.
Pat Moore Insurance Services
Sold to Assured Partners, Inc. Merger & Acquisition Services, Inc., served as the financial advisor to Pat Moore Insurance Services.
Assured Partners, Inc.
ELM Insurance Brokers
Sold to Assured Partners, Inc. Merger & Acquisition Services, Inc., served as the financial advisor to ELM Insurance Brokers
Assured Partners, Inc.
HealthCare Risk Specialists
Sold to Integro. Merger & Acquisition Services Inc. served as the sole financial advisor to HealthCare Risk Specialists.
Integro
RLI and Mt. Hawley Insurance Co
Sold RLI Indemnity Company to Clear Blue Financial Holdings, LLC. Merger & Acquisition Services Inc. served as a sell side advisor to RLI.
Clear Blue Financial Holdings, LLC
Assurant
Sold American Reliable Insurance Company.  Merger & Acquisition Services served as a buy side advisor to Global Indemnity.
Global Indemnity
Granite Insurance Services
Sold Granite Insurance Services, an insurance agency focusing on personal & commercial lines business.  Merger & Acquisition Services acted as the sole sell side advisor.
Sawicki Agency
The Insurance Professionals
Sold TIP and TIP National, specialty managing general agencies specializing in tow truck, auto transport & motor transportation.  Merger & Acquisition Services acted as the sole sell side advisor.
Capacity Group
The Hartford
Sold Servus Life Insurance Company.  Merger & Acquisition Services acted as the sole advisor to the acquirer.
XL Group
Unified Grocers
Sold Springfield Insurance Company and Unified Grocers Insurance Services, a managing general agency.  Merger & Acquisition Services served as the sole sell side advisor to Unified Grocers.
AmTrust Financial Services
Kemper Insurance Group
Sold Valley Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor to Kemper.
Qualitas Controladora S.A.B. de CV
American Collectors Insurance
Sold American Collectors Insurance, an antique and collectable insurance managing general agency. Merger & Acquisition Services acted as the sole sell side advisor..
NSM Insurance Company
Chubb
Sold Northwestern Pacific Indemnity Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
Cottage Advisors
DataRisk LLC
Sold DataRisk, a P&C risk management and brokerage consulting firm. Merger & Acquisition Services acted as the sole sell side advisor.
Risk Strategies
JM Family Holdings
Sold J.M.I.C. Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
First Rehabilitation Life Insurance Company
Hiscox Insurance Company
Sold Bracken Hill Insurance Company. Merger & Acquisition Services acted as the sole advisor to acquirer.
Sompo Japan America
Berkshire Hathaway
Sold Citadel Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
GoAuto
American Collectors Insurance
Sold American Collectors Insurance, an antique and collectable insurance managing general agency. Merger & Acquisition Services acted as the sole sell side advisor.
NSM Insurance Company
Ingram Industries Inc.
Sold Tennessee Insurance Company.  Merger & Acquisition Services acted as the sole advisor to the acquirer
Integrated Solutions Health Networks, LLC
Private Seller
Sold Keenan Marine Agency. Merger & Acquisition Services acted as the sole advisor to the acquirer.
Norman Spencer
PICO Holdings, Inc
Sold Physicians Insurance Company of Ohio and Citation Insurance Company.  Merger & Acquisition Services acted as the sole advisor to the acquirer
White Mountains Insurance Group
White Mountains Group
Sold Citation Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
SCF Arizona
Molina Healthcare, Inc.
Sold Molina Healthcare Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer
Catalyst Health Solutions
Kemper
Sold Response Indemnity of California. Merger & Acquisition Services acted as the sole advisor to the seller.
Fortegra
USFireman’s Fund Insurance Company
Sold Vintage Insurance Company.  Merger & Acquisition Services acted as the sole advisor to the acquirer.
USSparta Insurance Company
AUSQBE
Sold United Security Insurance Company.  Merger & Acquisition Services acted as the sole advisor to the acquirer.
USMissouri Employers Mutual Insurance Company
Ford Motor Credit

Sold Vista Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the seller.

Symphonix Health
USPrivate Owner
Sold Condon & Skelly, an antique and collectable insurance managing general agency. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USNSM Insurance Group
USThe Hartford
Sold Nutmeg Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USRX America
HILC Holdings

Sold Heritage Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the seller.

Guggenheim
USWellmark Inc
Sold Wellmark Community Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
Guggenhiem Capital
Private SellerPrivate Seller
Sold International Medical Group. Merger & Acquisition Services acted as an advisor to the seller.
Altaris
USThe Hartford
Sold Hart Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USACE
USUniversal American
Sold Peninsular Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USBlue Cross Blue Shield
USThe Doctors Insurance Company
Sold American Healthcare Specialty Insurance Company.  Merger & Acquisition Services acted as the sole sell side advisor.
USKinsale Capital
USSpecialty Underwriters’ Alliance
Sold Specialty Underwriters Insurance Company. Merger & Acquisition Services acted as a diligence advisor to the acquirer.
USTower Group
Allstate
Sold Surety Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
GEHA
USMutual of Omaha
Sold Omaha Property & Casualty Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
UKBeazley
USCBIP
Sold Salem Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USProgessive
USUnitrin
Sold Response Indemnity Insurance Company.  Merger & Acquisition Services acted as the sole sell side advisor.
USMilville Mutual Insurace Company
USTravelers Insurance Group
Sold Commercial Guaranty Casualty Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
BermudaMax Re
Private Owner
Sold Trafalgar Marine Insurance Services. Merger & Acquisition Services acted as the sole sell side advisor.
Arrowhead General Insurance Agency
JapanNipponkoa
Sold Nipponkoa Insurance Company of America. Merger & Acquisition Services acted as the sole advisor to the acquirer.
CanadaVetInsurance
USLumber Mutual
Sold North American Lumber Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USTower Group
Private Seller
Sold Empac Managers, LLC. Merger & Acquisition Services acted as the sole sell side advisor.
Physicians Insurance
USMIIX Insurance Group
Sold MIIX of New York. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USTower Group
Private Seller
Sold SCRUBS Managers, LLC. Merger & Acquisition Services acted as the sole sell side advisor.
Physicians Insurance
USWR Berkley
Sold Berkley of the Carolinas.  Merger & Acquisition Services acted as the sole advisor to the acquirer.
USEmerald Investments LLC
USUnited Security Assurance
Sold United Security of Pennsylvania & Colonial American Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USCoventry CareLink
SwissZurich
Sold Maryland Insurance Company.  Merger & Acquisition Services acted as a sell side advisor.
USCapson Corp
USUndisclosed Seller
Sold Stone Harbor Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USWellcare
USPrivate Owner
Sold NAS Financial Services. Merger & Acquisition Services acted as the sole sell side advisor.
USBenefitMall
USFireman’s Fund Insurance Company
Sold Parkway Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USProgressive
USUndisclosed Seller
Sold a block of Life Business. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USCentral Security Life
USPrivate Owner
Sold APS San Angelo Insurance Agency. Merger & Acquisition Services acted as the sole sell side advisor.
John M. Glover Agency
USSCOR
Sold SCOR Life Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
BermudaMorgan Stanley
USUndisclosed Seller
Sold a book of Cancer Business. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USNew Era Insurance Group
USWashington Mutual
Sold Washington Mutual Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
USOden Group
USARI Insurance Companies
Sold ARI Indemnity. Merger & Acquisition Services acted as the sole advisor to the acquirer.
NetherlandsAtradius
AIG
Sold American General Indemnity Company & American General Property Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
White Mountains Insurance Group
USFireman’s Fund Insurance Company
Sold Fireman’s Fund Insurance Company of Wisconsin. Merger & Acquisition Services acted as the sole advisor to the acquirer.
BermudaAXIS
Westward Group
Sold Westward Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
Delta Dental of Virginia
USUndisclosed Seller
Sold a book of Life Business. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USSelected Funeral & Life Insurance Company
USFireman’s Fund Insurance Company
Sold Midway Insurance Company. Merger & Acquisition Services acted as the sole advisor to the acquirer.
USDarwin
USPhysicians Preferred Insurance Company
Merged with Florida Doctors Insurance Company. Merger & Acquisition Capital Services provided the Fairness Opinion to the seller.
USFlorida Doctors
USMPP Inc.
Sold Specialty Global Insurance Division. Merger & Acquisition Services acted as the sole sell side advisor.
USCapitol Indemnity
USVictore Enterprises Inc.
Sold Victore Insurance Company and Agency Bonding Company. Merger & Acquisition Services acted as the sole sell side advisor.
USAmerican Safety Casualty
USWhite Mountains Re
Sold Stockbridge Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
BermudaIronshore
USOneBeacon
Sold American Employers Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
Sparta Group
Lehman Re Ltd
Sold Congress Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
Tennessee Farmers Life Insurance Company
SwissZurich
Sold Valiant Insurance Company.  Merger & Acquisition Services acted as the sole sell side advisor.
BermudaAriel Re
USOld United
Sold American Indemnity Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
UKCatlin
USACE
Sold Industrial Underwriters Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
FranceCardiff
NetherlandsAegon
Sold Monumental General Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
USHire Calling
UKRoyal & Sun Alliance
Sold Marine Indemnity Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
USUpper Husdon Holdings
GermanyAllianz
Sold Monticello Insurance Company, an excess & surplus lines insurance company. Merger & Acquisition Services acted as the sole sell side advisor.
BermudaMax Re
USOld Republic
Sold Old Republic Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
USWellcare
USCentral Benefits Mutual Insurance Company
Sold a block of Medical Supplement Business. Merger & Acquisition Services acted as the sole sell side advisor.
USTransAmerica
USACE
Sold a controlling interest in Demension Services, a Third Party Administrator. Merger & Acquisition Services acted as the sole sell side advisor.
USHEZ Acquisitions
USBlue Cross Blue Shield of Kansas
Sold Advance Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
USWellcare
USPhoenix Insurance Group
Sold Phoenix National Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
USMolina Healthcare
USJP Morgan
Sold Congress Life Insurance Company. Merger & Acquisition Services acted as the sole sell side advisor.
BermudaLehman Re Bermuda
USReliance Insurance Company (in liquidation)
Sold Reliance Life Insurance. Merger & Acquisition Services acted as the sole sell side advisor.
USUSAA
USFranklin Templeton
Sold a block of annuity business. Merger & Acquisition Services acted as the sole sell side advisor.
USUndisclosed
RMS Insurance Brokerage
Entered into a Managing General Agent Agreement for a rollover book of Nightclub & Hospitility business. Merger & Acquisition Services acted as the sole program placement advisor to RMS.
Munich Re
Murray White Insurance Agency
Completed a secured debt facility. Merger & Acquisition Services acted as the advisor and exclusive placement agent to Murray White Insurance.
BB&T
Strickland Agency
Entered into a Managing General Agent Agreement for a rollover book of General Liability Garage business. Merger & Acquisition Services, acted as the sole program placement advisor to Strickland.
AXIS Insurance Group
Health Insurance Innovations
Completed a partner buyout. Merger & Acquisition Services assisted in raising the financing to complete the transaction
Sun Trust

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