Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AIG Sells AIA Shares at Surpise Premium, Raises $2 Billion
Sep 7 2012 // American International Group Inc. said it raised $2.02 billion through the sale of a partial stake in its former Asian unit AIA Group Ltd, placing the shares at a surprise premium although analysts were disappointed at the...
Dubai Group Sells Turkey Insurance Unit to Starr, Oman Insurance Group
Sep 5 2012 // The Dubai Group has sold its Turkish insurance arm to Starr Insurance and Reinsurance Ltd., a company owned by former AIG chief executive Maurice “Hank” Greenberg, and to a unit of Dubai lender Mashreq Bank, as...
Schmelz Joins Edwards Wildman as a Partner in Insurance and Reinsurance
Sep 4 2012 // The law firm of Edwards Wildman Palmer LLP named Ronie M. Schmelz a partner in the firm’s insurance and reinsurance department. She will divide her practice between the firm’s offices in Los Angeles and New...
AmWINS Buys Wisconsin School Insurance Broker, Smic
Sep 4 2012 // Insurance broker AmWINS Group Inc. has acquired Special Markets Insurance Consultants, Inc. Smic is headquartered in Stevens Point, Wisconsin with a sales office in Chicago, Illinois. Founded in 1985 by Nora Stransky, Smic...
ASNOA Welcomes New Partners in Missouri, Illinois
Sep 3 2012 // The Agent Support Network of America, ASNOA has welcomed its two newest partners, insurance veterans J. Scott Loveland and Roger Collins. J. Scott Loveland, owner and founder of Springfield, Mo.-based Scott Loveland...
Validus to Buy Flagstone Re for $600 Million in Cash and Stock
Aug 30 2012 // Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business. The deal comes after Validus unsuccessfully tried to buy...
Ohio’s Norman-Spencer Agency Acquires N.Y.-Based Keenan Marine Agency
Aug 29 2012 // Dayton, Ohio-based Norman-Spencer Agency Inc. has acquired New York-based Keenan Marine Insurance Agency LLC. Keenan Marine is a national specialty yacht insurance agency and has provided comprehensive solutions to yacht...
New York Fed Sells Last of Its AIG Assets, Ending Ties with Insurer
Aug 23 2012 // The Federal Reserve Bank of New York brought to a close another chapter in the government’s taxpayer-funded bailouts of 2008 with the sale of its remaining assets of insurer American International Group, the bank...
USI to Acquire TD Bank’s U.S. Insurance Subsidiary
Aug 23 2012 // USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., has agreed to acquire TD Insurance Inc., a wholly-owned U.S. subsidiary of TD Bank, N.A. The terms of the deal were not...
Digitial Insurance Acquires Knoxville’s First Benefit Partners
Aug 21 2012 // Atlanta-based employee benefit agency Digital Insurance has acquired First Benefit Partners in Knoxville, Tenn. Terms were not disclosed. First Benefit Partners’ principal, Matt Noe, is joining Digital’s...
BOLT Buys 2 Agencies, Opens Florida Office
Aug 20 2012 // The Business Owners Liability Team (BOLT) insurance agency is opening a regional office in Sarasota after acquiring two Florid agencies. BOLT has acquired the Sarasota-based PRG Insurance Agency and Florida Direct...
Pfeffer Appointed EVP at StoneHill Reinsurance Partners
Aug 20 2012 // Jonah Pfeffer, a reinsurance broker whose 15-year career includes work with clients in specialized casualty market segments, has joined Bloomington, Minn.-based independent reinsurance intermediary StoneHill Reinsurance...
Business Risk Partners to Offer LIU-Backed E&O, D&O Coverage
Aug 20 2012 // Program administrator Business Risk Partners (BRP) will underwrite three additional programs in professional and management liability offered through Liberty International Underwriters (LIU), the global specialty lines...
USI Acquires Florida’s Suncoast Associates
Aug 20 2012 // USI Insurance Services has acquired Suncoast Insurance Associates Inc., a Tampa, Florida-based insurance brokerage specializing in professional liability programs in Florida. USI said this acquisition is expected to...
Aetna to Buy Rival Coventry Health for $5.6 Billion
Aug 20 2012 // Health insurer Aetna Inc. said on Monday that it would buy rival Coventry Health Care Inc. for $5.6 billion to increase its share of the fast-growing, U.S. government-backed Medicare and Medicaid programs. The purchase,...
Ambiental Flood Experts in Partnership with Aon Benfield Research
Aug 20 2012 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has expanded its Aon Benfield Research academic and industry research collaboration through a partnership with Ambiental,...
FEMA Buys Last Single-Family Home in Mississippi County
Aug 20 2012 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 20, 2012. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Ex-Dewey Law Firm Partners Agree to Pay $50 Million Toward Settlement
Aug 17 2012 // Former partners of the defunct law firm Dewey & LeBoeuf agreed on Thursday to pay at least $50 million toward a settlement agreement, the minimum amount the firm’s advisers had been seeking in order to submit the...
Ascension Acquires Modern Services Insurance in Atlanta
Aug 16 2012 // Atlanta-based Ascension Insurance Inc. has acquired Modern Services Insurance Agency, also in Atlanta. Modern Services Insurance Agency specializes in risk management and insurance for non-profit firms, as well as churches...
Arthur J. Gallagher & Co. Acquires Texas-Based Sunday and Associates
Aug 16 2012 // Illinois-based Arthur J. Gallagher & Co. announced the acquisition of Sunday and Associates Inc. of Sugarland, Texas. . Established in 1982, Sunday and Associates offers employee benefits consulting and insurance...
