Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ACE Completes Majority Stake Acquisition of Thailand’s Siam Commercial Samaggi
Apr 30 2014 // ACE Limited announced that the company and its local partner have acquired a 60.9 percent stake in The Siam Commercial Samaggi Insurance PCL, a general insurance company in Thailand, from Siam Commercial Bank. Established...
Patriot Underwriters Acquires Assets Of Holdren in Oregon
Apr 29 2014 // Patriot Underwriters Inc. has acquired the assets of Holdren Insurance Group Inc. in Bend, Ore. HIG, formed in 2010, focused on the workers’ compensation needs of the shooting sports industry. Patriot will build upon...
PartnerRe Reports $295.7 Million Q1 Net Income; $176.9 Million Operating
Apr 29 2014 // Bermuda-based PartnerRe Ltd. reported a net income of $295.7 million, or $5.61 per share for the first quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $115.8 million, or $2.20...
PartnerOne Names Nuce Senior Underwriter in Colorado
Apr 28 2014 // PartnerOne Environmental named Vonnie Nuce as senior underwriter. Nuce will be based in the Denver, Colo. office and will be responsible for underwriting new and renewal business for all PartnerOne products. Nuce has more...
Capacity Coverage Affiliate Invests in Tri-Partners Field Claims Services in N.J.
Apr 28 2014 // Capacity Coverage Company of New Jersey Inc. announced that its affiliate company has made a strategic investment in Tri-Partners Field Claims Services in Warren, N.J. Tri-Partners Field Claims Services was previously...
Arthur J. Gallagher Acquires American Wholesalers Underwriting in Connecticut
Apr 28 2014 // Arthur J. Gallagher & Co. recently announced the acquisition of American Wholesalers Underwriting in Stamford, Conn. Terms of the transaction were not disclosed. Established in 1994, American Wholesalers Underwriting...
ARM of Illinois Partners with Iroquois Group
Apr 25 2014 // Associated Risk Managers of Illinois (ARM of Illinois) and The Iroquois Group of Allegany, N.Y., have announced a joint marketing agreement that allows ARM members in Illinois access to Iroquois’ carriers, benefits...
Eastern Insurance Acquires Smith Buckley & Hunt in Massachusetts
Apr 24 2014 // Eastern Insurance Group has acquired Smith Buckley & Hunt, an insurance agency based in Brockton, Mass. Smith Buckley & Hunt was founded in 1875 and the Smith Family has owned the agency since 1922. The principals...
Sanlam Unit Buys Controlling Stake in MCIS Zurich of Malaysia
Apr 23 2014 // Sanlam Emerging Markets, a unit of South African insurance company Sanlam Ltd., said it’s buying 51 percent of Malaysia’s MCIS Zurich Insurance Berhad for about 1.25 billion rand ($118.4 million). Sanlam will...
Aetna Completes Acquisition of UK-Based InterGlobal
Apr 23 2014 // Aetna announced that it has completed its acquisition of United Kingdom-based InterGlobal from a group led by its majority shareholder Alchemy Partners. The bulletin noted that “InterGlobal specializes in...
Texas-Based All-Star Insurance Group Acquires Hogue Insurance Agency
Apr 22 2014 // All-Star Insurance Group Inc. has acquired Hogue Insurance Agency in Quitman, Texas. Hogue Insurance Agency is now known as All-Star Insurance Group and has moved all operations to an office inside Wood County National...
ProHost, XL Group Partner on Restaurant Insurance Package
Apr 17 2014 // ProHost USA, a Minneapolis, Minn.-based national program administrator specializing in restaurant insurance for 25 years, announced it is partnering with XL Group to provide packaged insurance coverages for fine dining and...
SeaFire Seeks Agency Partners for Dealership Programs in Oregon and Idaho
Apr 17 2014 // Overland Park, Kan.-based SeaFire Insurance Services is seeking new agency partners in Oregon and Idaho for its auto dealer and repair insurance program. SeaFire will consider appointments for retail insurance agencies...
AssuredPartners Acquires CBS Coverage Group in N.Y.
Apr 17 2014 // AssuredPartners Inc., through its subsidiary Assured SKCG Inc., has recently acquired CBS Coverage Group Inc. in Plainview, N.Y. CBS Coverage Group specializes in commercial insurance, employee benefits and financial...
Boston Marathon Attacks Convinced Smaller, Midsized Firms to Buy Terror Insurance
Apr 17 2014 // For landlord Peter Zagorianakos, terrorism insurance wasn’t a necessity until the bombs went off last April at the Boston Marathon and revealed a frightening pattern. Two buildings he owns stand within a half-mile...
South Carolina Looks to Increase Home Mitigation Funding
Apr 17 2014 // South Carolina lawmakers are moving forward with a plan to increase grants to homeowners who strengthen their homes against storm damage. The South Carolina Senate Finance Committee approved the “Competitive...
BancorpSouth Insurance to Acquire Louisiana’s Knox Insurance Group
Apr 16 2014 // BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss., is acquiring Lafayette, La.-based Knox Insurance Group LLC (Knox) in a transaction that is expected to close...
Gas Tax Causes $500M Shortfall in Oregon Transportation Funding
Apr 15 2014 // People are driving less, and their vehicles have become more fuel efficient. While those might be considered positive trends, a potential decline in gas-tax revenue is one reason the Oregon Department of Transportation...
Will Ratings Concerns Hinder Reinsurer M&A, Hedge Fund ‘Play’? -Litmus Analysis
Apr 15 2014 // In the “investment banker 101 playbook” for cyclical industries the reinsurance industry has arrived at the page marked “weak pricing due to too much competition; sell M&A services to our...
Travelers CEO Fishman Eyes Potential Foreign Acquisitions
Apr 14 2014 // Travelers Companies, which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. In his annual...
