Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher Acquires Charter Lakes Marine Insurance Agency
Dec 12 2012 // Arthur J. Gallagher & Co. has acquired Charter Lakes Marine Insurance Agency, headquartered in Grand Rapids, Mich. Terms of the transaction were not disclosed. Founded in 1986, Charter Lakes operates as a retail...
Hiscox, Rocket Lawyer Partner to Provide Resources to Small Businesses
Dec 12 2012 // Hiscox has partnered with Rocket Lawyer, an online legal service, to provide small businesses with both insurance and legal advice. In addition to Hiscox’s insurance policies for small businesses, Hiscox customers...
Berkshire Hathaway Buys Back $1.2B of Stock
Dec 12 2012 // Berkshire Hathaway Inc. said on Wednesday that it had repurchased $1.2 billion of its own stock and raised the price at which it is willing to buy back shares. The conglomerate run by Warren Buffett, which operates a...
Aon Partners with Space Expedition Corp. for Space Traveler Coverage
Dec 12 2012 // Aon Risk Solutions, the global risk management division of Aon plc, announced that it has formed a partnership with Space Expedition Corporation, the Netherlands-based space tourism company dedicated to making space travel...
U.S. SEC Charges N.J.-based Consultant with Fraud in Chinese Reverse Mergers
Dec 12 2012 // U.S. securities regulators charged a New Jersey-based consultant on Tuesday with defrauding investors in the China-based companies he helped make public through a backdoor method known as a “reverse...
White House $60 Billion Sandy Relief Request Includes Flood Insurance Funding
Dec 10 2012 // The White House has officially asked Congress to authorize $60.4 billion in federal spending for response, recovery and mitigation related to Hurricane Sandy damage in all affected states. The request, in a letter to the...
Oklahoma’s Caldwell and Partners Acquires Midlands Holding Corp.
Dec 10 2012 // Charles C. Caldwell, CEO of Oklahoma-based Caldwell and Partners Inc. (CAP), announced the acquisition of Midlands Holding Corp. (MHC) from PMA Capital Corp. (PMA). Midlands Management Corp. (Midlands), a subsidiary of...
UPDATE: Chinese Group to Buy AIG’s Plane Leasing Unit for up to $4.8 Billion
Dec 10 2012 // American International Group has agreed to sell nearly all of ILFC , the world’s second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market...
Chinese Firms in Talks to Buy AIG Aircraft Leasing Unit
Dec 7 2012 // A group of Chinese companies, including the Industrial and Commercial Bank of China (ICBC), is in talks to buy American International Group’s aircraft leasing unit for around $5.5 billion, a source familiar with the...
Cook, Hall & Hyde Completes Merger With Maran Corporate Risk in N.Y.
Dec 6 2012 // Two insurance brokerages in the Metro New York region — Cook, Hall & Hyde and Maran Corporate Risk Associates — finalized their merger that was initially announced in September.The employees of Cook Maran and...
Arthur J. Gallagher & Co. Acquires Nebraska’s Brendis & Brendis
Dec 6 2012 // Arthur J. Gallagher & Co. has acquired employee benefit specialist, Brendis & Brendis Inc., located in Omaha, Neb. Terms of the transaction were not disclosed. Founded in 1989, Brendis & Brendis Inc. provides a...
Travelers Increases Stake in Brazil’s J. Malucelli Joint Venture
Dec 6 2012 // The Travelers Companies, Inc. announced that it has increased its ownership stake in J. Malucelli Participações em Seguros e Resseguros S.A., its joint venture in Brazil, by exercising a pre-existing option to purchase...
Marsh & McLennan Agency Acquires Ohio’s Brower Insurance Agency
Dec 5 2012 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Ohio-based Brower Insurance Agency. Terms of the transaction were not disclosed. Founded in 1935 and headquartered in Dayton,...
Thai Group Buys Ping An Stake from HSBC for $9.38 Billion
Dec 5 2012 // A conglomerate controlled by Thailand’s richest man, Dhanin Chearavanont, has bought a minority stake in China’s Ping An Insurance for $9.38 billion from global bank HSBC, a bold move that ranks as Asia’s...
RLI Partners with Recreation Insurance Specialists to Provide RV Insurance
Dec 4 2012 // RLI Corp. has formed a new partnership with Recreation Insurance Specialists (RIS), a specialty recreation vehicle (RV) insurance agency that will allow RLI to underwrite RV insurance for RIS. RLI has hired Eric Raudins to...
Neace Lukens Acquires South Carolina’s Gosnell Agency
Dec 4 2012 // Neace Lukens, an AssuredPartners Inc. company, said it has completed the acquisition of Gosnell Insurance in Charleston, South Carolina. The company said all Gosnell employees will remain in their current positions while...
RLI Partners with Recreation Insurance Specialists to Underwrite RV Insurance
Dec 3 2012 // Peoria, Ill.-based RLI Corp. announced a new partnership with Recreation Insurance Specialists (RIS), a specialty recreation vehicle (RV) insurance agency, that will allow RLI to underwrite RV insurance for RIS. RLI has...
White Mountains Completes Acquisitions of AIG, PICO Runoffs
Dec 3 2012 // White Mountains Solutions Holding Co. Inc., a wholly owned subsidiary of White Mountains Insurance Group Ltd. and the group’s specialist runoff acquisition operation, said it has completed the acquisition of four...
AIG Acquires The Hartford’s Financial Advisory Group Woodbury
Dec 3 2012 // American International Group Inc. has acquired broker-dealer Woodbury Financial Services Inc. from The Hartford. The companies signed an agreement for the acquisition on July 31, 2012. Woodbury Financial Services is now...
Confie Seguros Buys Florida, Nevada Agencies
Dec 3 2012 // Confie Seguros, a national provider of personal lines insurance focused on Hispanic consumers, has acquired four regional insurance brokerages in Florida and Nevada. Confie Seguros completed the acquisitions of...
