Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Oak Street Funding, OPTIS Partners Form Strategic Partnership
May 8 2012 // Oak Street Funding, headquartered in Carmel, Ind., announced a new strategic partnership with Chicago-based OPTIS Partners LLC. OPTIS Partners is a small group of insurance and finance professionals with extensive...
Neace Lukens Acquires Kentucky’s Morehead Insurance
May 7 2012 // Louisville, Kentucky-based Neace Lukens, an AssuredPartners, Inc. company, has completed the acquisition of Morehead Insurance, a Scottsville, Kentucky-based independent insurance agency. Located near Bowling Green,...
N.Y.-Based Alleghany Acquires Stake in Manufacturing Firm Bourn & Koch
May 4 2012 // New York-based global specialty insurer Alleghany Corporation said its investment management unit acquired a majority stake in manufacturing firm Bourn & Koch. Terms of the transaction were not disclosed. Alleghany,...
Flexpoint Ford Agrees to Acquire GeoVera From Hellman & Friedman
May 2 2012 // Chicago, Ill.-based Flexpoint Ford LLC, a private equity firm focused on the financial services and healthcare sectors, announced its affiliates have signed a definitive agreement to acquire Fairfield, Calif.-based GeoVera...
Arthur J. Gallagher Acquires Schiff, Kreidler-Shell
May 2 2012 // Itasca, Ill.-based Arthur J. Gallagher & Co. acquired Schiff, Kreidler-Shell Insurance and Risk Services headquartered in Cincinnati, Ohio. Terms of the deal were not disclosed. Schiff, Kreidler-Shell Insurance and...
Earnings Report: PartnerRe
May 2 2012 // Selected earnings highlights from PartnerRe for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $1.567 bn $1.557 bn Net premiums written...
Nationwide Mutual Completes Harleysville Merger
May 1 2012 // Nationwide Mutual Insurance Co. said that the company completed its previously announced $834 million merger deal with Harleysville Mutual Insurance Co. The deal was first announced in September 2011. Nationwide Mutual...
Mississippi Wind Pool Buys $815 Million in Reinsurance
May 1 2012 // Mississippi’s insurer of last resort has bought $815 million in reinsurance for the coming storm season. The Mississippi Windstorm Underwriting Association isn’t releasing the exact cost to protect future...
Kansas Senate Panel Considers Disaster Funding
Apr 30 2012 // Kansas legislators have begun work on a bill that would create a special fund to cover the state’s share of disaster assistance. Maj. Gen. Lee Tafanelli, the Kansas adjutant general, testified before the Senate...
CNA Announces Approval from Hardy Shareholders for Acquisition
Apr 30 2012 // CNA Financial Corporation announced that Hardy Underwriting Bermuda Limited shareholders have voted to approve CNA’s proposed acquisition of Hardy, announced in March. The acquisition is expected to close by the end...
Hartford Sells Individual Annuity Unit
Apr 27 2012 // Hartford Financial Services Group Inc said on Thursday it will sell its individual annuity operations to Forethought, a Houston-based financial services company. Terms were not disclosed, though Hartford said the deal was...
Canopius to Buy Lloyd’s Omega Insurance for $265 Million; Tower in Related Deal
Apr 26 2012 // Lloyds of London insurer Canopius said it has agreed to buy rival Lloyd’s insurer Omega after raising its offer to £164 million ($265.6 million) in a recommended cash deal. Canopius said on Wednesday it will pay 67...
Harleysville Policyholders Approve Merger With Nationwide
Apr 25 2012 // Harleysville Mutual Insurance Company said Wednesday that its policyholders as well as shareholders at its publicly traded subsidiary Harleysville Group Inc. voted to approve the proposed merger with Nationwide Mutual...
Argo Insurance Forms New Partnership for Watercraft Program
Apr 25 2012 // Argo Insurance, a member of Argo Group International Holdings, Ltd., will offer a private and pleasure watercraft program through its Commercial Programs unit in partnership with Osprey Special Risks Ltd., a global marine...
Neace Lukens Acquires Indiana’s Matrix Benefits and Consulting Group
Apr 25 2012 // Neace Lukens announced it has completed the acquisition of Matrix Benefits and Consulting Group, a Ft. Wayne, Indiana-based consulting firm. With Matrix’s focus on employee benefits, this acquisition will grow Neace...
Swiss Re Team Favored to Acquire Groupama’s Brokerage Unit – Sources
Apr 25 2012 // Swiss Re and its private equity partners Apax and PAI are in pole position to acquire Groupama’s GAN Eurocourtage [brokerage] unit for about €600 million ($793.2 million), people familiar with the situation...
Associated General Contractors of California, Zurich Partner on Program
Apr 23 2012 // The Associated General Contractors of California (AGC-CA) and Zurich have collaborated to provide insurance services for its members. Under the agreement, Zurich in North America will provide AGC-CA members with insurance...
Brown & Brown Acquires Assets of Moten Associates in Pennsylvania
Apr 20 2012 // Brown & Brown of Pennsylvania Inc., a subsidiary of Brown & Brown Inc., said it acquired assets of Moten Associates, an independent agency in Norristown, Penn. Founded in 1970, Moten Associates offers surety...
Texas Insurance Council Scholarship Funding Tops $500K
Apr 19 2012 // With its latest round of scholarships, the Insurance Council of Texas’ (ICT) annual funding for students enrolled in insurance and risk management classes in Texas universities has topped the half million dollar...
N.Y.-Based USI Buys Assets of Compass Insurance, Expands in Southwest
Apr 19 2012 // USI Insurance Services, an insurance brokerage firm headquartered in Briarcliff Manor, N.Y., acquired certain assets of BBVA Compass Insurance Agency, a unit of BBVA Compass, a financial holding company headquartered in...
