Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Posts $333.4 Million Q3 Net Income; $392.2 Million 1st 9 Months
Oct 29 2013 // Bermuda-based PartnerRe Ltd. reported a net income of $333.4 million, or $5.84 per share for the third quarter of 2013, which “includes net after-tax realized and unrealized losses on investments of $1.3 million, or...
States Hit by Sandy to Get Next $5B of Recovery Funding
Oct 28 2013 // Federal officials on Monday unveiled plans for a second round of Superstorm Sandy disaster relief totaling $5 billion for five states and New York City, and they pledged that the pace of spending would pick up after a slow...
Hyperion Group Subsidiary DUAL to Acquire PGI Commercial
Oct 28 2013 // The London-based Hyperion Insurance Group, an international insurance intermediary, announced its intention to expand its underwriting agency business in the U.S. through the acquisition, by its subsidiary DUAL, also based...
Coverys to Acquire Ohio Medical Professional Liability Insurance Firm
Oct 28 2013 // FinCor Holdings Inc., a member of Coverys which is based in Boston, has agreed to acquire OHA Holdings Inc. and its wholly-owned subsidiary OHA Insurance Solutions (OHAIS), located in Columbus, Ohio. Coverys provides...
Arthur J. Gallagher Acquires G. S. Levine in California
Oct 24 2013 // Arthur J. Gallagher & Co. has acquired G. S. Levine Insurance Services Inc. in San Diego, Calif. The terms of the transaction were not disclosed. G. S. Levine is a retail insurance broker providing property/casualty,...
RHB Management to Acquire 2 Republic Group Subsidiaries
Oct 23 2013 // Dallas-based Republic Group announced that RHP Management LLC will acquire all of the outstanding shares of common stock of Republic subsidiaries Republic Home Protectors Inc. (RHP) and Southern Vanguard Insurance Co....
AmWINS Group Seeks $175M Acquisition Loan
Oct 23 2013 // North Carolina-based wholesale brokerage AmWINS Group Inc. is seeking a $175 million add-on term loan for an acquisition. The insurance broker owned by private-equity firm New Mountain Capital LLC may pay interest at 3.75...
Integro Acquires UK-Based Broker Doodson
Oct 22 2013 // International insurance brokerage and risk management firm Integro announced it has acquired Doodson Broking Group, a UK-based entertainment and sports specialist that also provides full service commercial and private...
Imperial Management Corp. Acquires National Automotive Insurance
Oct 18 2013 // Imperial Management Corp. (IMC) announced an agreement to purchase National Automotive Insurance Co. (NAIC) headquartered in Metairie, La. The transaction is pending approval of the Louisiana Department of Insurance and is...
Energi, CapX Partners Launch Online Platform for Energy Savings Projects
Oct 17 2013 // CapX Partners has launched a new online platform called Energy Conservation and Performance (E-CAP), to help building owners, ESCOs, contractors and engineers secure financing for their energy savings projects. Partnering...
Allianz CEO Says New Regulation to Create Room for Acquisitions
Oct 17 2013 // Allianz SE’s CEO Michael Diekmann said tougher financial regulation will create takeover opportunities for Europe’s biggest insurer. “If Solvency II and Basel III mean more capital, then it’s hard...
Edgewood Partners in California Said to Seek Bids
Oct 16 2013 // Edgewood Partners Insurance Center LLP is working with Bank of America Corp. to solicit offers, according to the people familiar with the matter, who asked not to be named because the process is private. The San Mateo,...
Vermont City Buys Insurance Amid F-35 Debate
Oct 16 2013 // Burlington, Vermont’s largest city, has purchased an insurance policy for protection against potential lawsuits in connection with its airport. While exploring the legal possibility of banning F-35 fighter jets from...
AXA Sells $474 Million in Cat Bonds against Europe Storm Damage
Oct 16 2013 // AXA SA said it sold catastrophe bonds designed to protect insurers from payouts on storm damage, in the biggest transaction of the notes in euros. Europe’s second-largest insurer by market value issued €350 million...
New York City Buys 1st Superstorm Sandy-Damaged Home
Oct 14 2013 // New York City announced its first purchase of a home damaged by Superstorm Sandy on Oct. 10, acquiring property from a Staten Island woman whose husband and daughter were killed during the historic storm. Mayor Michael...
Florida’s First Light Program Managers Acquires Frontline Underwriters of Mississippi
Oct 10 2013 // First Light Program Managers of Dania, Florida, said it has acquired substantially all of the assets of wholesale broker Frontline Underwriters Inc. of Madison, Mississippi. Details of the transaction were not...
First Light Program Managers, Inc. Acquires the Assets of Frontline Underwriters, Inc.
Oct 10 2013 // Dania, FL, 10/10/13 – Anthony L. Johnson, Chief Executive Officer of First Light Program Managers, Inc. and Gregory B. Crotty, President of Frontline Underwriters, Inc. of Madison, Mississippi announced today that...
Allied World Europe Appoints Graham VP – Mergers and Acquisitions
Oct 10 2013 // Allied World Assurance Company Holdings, AG has announced that Allied World Europe has appointed Andrew Graham Vice President, Mergers and Acquisitions. He will oversee the strategy, underwriting and marketing of Allied...
Catalina Completes Acquisition of American Safety Re
Oct 9 2013 // Catalina Holdings (Bermuda) Ltd. announced that it has completed its acquisition of American Safety Reinsurance, Ltd. (AS Re), from Fairfax Financial Holdings Limited, following approval from the Bermuda Monetary...
LIU, PGI Commercial Partner to Offer Environmental Coverage
Oct 9 2013 // Liberty International Underwriters (LIU) has partnered with program administrator PGI Commercial to offer LIU Environmental coverages under a new program administrator agreement. PGI Commercial’s clients now have...
