Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Cornerstone Underwriting Partners Launches WC Program for PEO Industry
Sep 9 2011 // Cornerstone Underwriting Partners, LLC (CUP), a nationwide underwriting management company and program administrator that works exclusively with wholesale brokers and specialty program agents, has partnered with national...
North Carolina County to Buy Flood-Damaged Homes
Sep 9 2011 // Mecklenburg County in North Carolina plans to buy more than a dozen homes damaged by flooding last month. County commissioners saidthey plan to spend up to $2 million as part of an effort to remove homes located in...
Allied World Finds $80 Million in New Synergies with Transatlantic Merger
Sep 9 2011 // Allied World Assurance Company Holdings, AG has announced “significant new merger-related synergies that can be achieved through the combination with Transatlantic Holdings, Inc.” The company said it “now...
Argo Group’s Fine Arts Title Underwriter in Partnerships with Art Insurers
Sep 8 2011 // Argo Group International Holdings, Ltd. announced that its subsidiary, ARIS Title Insurance Corporation, the world’s first underwriter of title insurance for fine art and other precious collectibles, has launched...
ACE to Acquire Penn Millers
Sep 8 2011 // Penn Millers Holding Corp., which provides property and casualty insurance through its wholly owned subsidiary, Penn Millers Insurance Co., has agreed to be acquired by a subsidiary of ACE Limited for $20.50 per share in...
Hub Acquires Montana’s Mountain West Insurance
Sep 8 2011 // Chicago-based Hub International Ltd. has acquired some of the assets of Mountain West Insurance & Financial Services LLC, a Missoula, Mont.-based retail brokerage firm. Terms of the acquisition were not...
NSM Acquires New York Manager of Dentist, Lawyer Programs
Sep 7 2011 // NSM Insurance Group has acquired AFPD, a New York-based program administrator for lawyers and dentists errors and omissions programs. Terms of the deal were not disclosed. NSM is a national program manager based in...
National Financial Partners Acquires California’s DA Financial
Sep 7 2011 // New York-based insurance broker National Financial Partners Corp. has acquired DA Financial Group of San Francisco, Calif., for an undisclosed amount. With annualized revenue of $5 million, DA Financial has provided...
NSM Insurance Group Acquires AFPD
Sep 7 2011 // Geof McKernan, CEO of Philadelphia-based NSM Insurance Group, announced the acquisition of AFPD, a national program administrator for Lawyers and Dentist E&O programs, headquartered on Long Island, NY. AFPD is a...
IBM to Acquire Algorithmics
Sep 6 2011 // IBM has agreed to acquire Algorithmics for $387 million. Algorithmics is a risk analytics firm with operations in Toronto, Canada. The company’s risk analytics software and advisory services are used by banks,...
Missouri Governor Seeks Detail on FEMA Funding Freeze
Sep 2 2011 // Disaster-struck communities counting on federal aid for recovery need to know which rebuilding projects will be delayed as money is shifted to other parts of the country, Missouri’s governor told the Federal...
New York’s Interboro Buys OneBeacon’s AutoOne
Sep 1 2011 // OneBeacon Insurance Group said it is selling its high risk personal auto insurance business, AutoOne, to Interboro Holdings Inc. of New York. AutoOne, formed in 2001, serves the automobile assigned risk insurance markets...
Marsh Acquires Brokerage Business of Africa’s Alexander Forbes
Aug 31 2011 // Global insurance broker Marsh said it will acquire the brokerage business of African insurance firm Alexander Forbes. This business comprises Alexander Forbes Risk Services (AFRS) and certain local and correspondent...
Maine’s Northeast Bancorp Sells Its Insurance Group to 2 Local Agencies
Aug 31 2011 // Lewiston, Maine-based Northeast Bank Insurance Group has been acquired by local agencies in two separate transactions effective Sept. 1. The Varney Agency, of Bangor, Maine, will purchase the assets of nine Northeast Bank...
Momentous Insurance Brokerage Partners With Archer Weiss
Aug 29 2011 // Van Nuys, Calif.-based Momentous Insurance Brokerage entered into a partnership to become an exclusive partner of business and personal lines insurance for Archer Weiss, a provider of individual and group health insurance...
Chartis Partners with Crisis Management Firm for Kidnap, Ransom Cases
Aug 26 2011 // Chartis will enter into a contractual agreement with NYA International Limited (NYA), a kidnap and extortion response consultancy. Beginning December 1, 2011, NYA will be responsible for providing kidnap, extortion,...
Willis Acquires Polish Broker to Expand Employee Benefits, Construction
Aug 26 2011 // Willis Europe B.V., a division of Willis Group Holdings plc, has acquired 100 percent of the shares of Polish insurance broker, Brokerskie Centrum Ubezpieczeniowe (AMA) Sp. Zoo. Willis said the deal, effective immediately,...
Bermuda’s Catalina Holdings to Acquire Residential Loss Control Holdings
Aug 26 2011 // Catalina Holdings (Bermuda) Ltd. has announced that its wholly owned subsidiary, Catalina Echo Limited, signed a definitive merger agreement on August 22, 2011 to acquire Residential Loss Control Holdings, LLC...
Caribbean Countries form Partnership to Develop Climate Change Strategies
Aug 24 2011 // The Caribbean Community Climate Change Centre (CCCCC) and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have strengthened their partnership to be able to better assist Caribbean countries to develop climate...
Insurance Technology Vendor Vertafore Acquires Kaplan Compliance Unit
Aug 23 2011 // Insurance agency technology vendor Vertafore said that its subsidiary Sircon will acquire Indianapolis, Indiana-based Kaplan Compliance Solutions (KCS), which sells insurance and securities software and services. Terms of...
