Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Survey: Insurers Say Mergers Yield Stronger Competitive Position
Jun 20 2011 // More than 60 percent of insurers say that their most recent merger accomplished the desired objective of competitive position strengthening— double the success rate reported by non-insurers involved in mergers. While...
Verisk Buys Health Data Firm for $60M
Jun 15 2011 // New Jersey-based insurance data specialist Verisk Analytics Inc. is acquiring Health Risk Partners for $60 million in cash. Verisk said $13 million of the purchase price will be placed in escrow and should be paid in 2012....
Best Sees No Ratings Change from Allied World, Transatlantic Merger
Jun 14 2011 // A.M. Best Co. has commented that the ratings of the subsidiaries of Swiss-based Allied World Assurance Company Holdings, AG and New York-based Transatlantic Holdings, Inc. and its subsidiaries, are unchanged following the...
Arthur J. Gallagher Buys Florida’s Bushong Agency
Jun 13 2011 // Illinois-based global insurance broker Arthur J. Gallagher & Co. has acquired Bushong Insurance Associates Inc. in Ponte Vedra Beach, Florida. Terms of the transaction were not disclosed. Founded in 2000, Bushong is a...
Anthony Clark Sells Southern California Agency
Jun 13 2011 // Calgary, Alberta, Canada-based Anthony Clark International Insurance Brokers Ltd., has announced the sale by its United States subsidiaries Addison Low Cost Insurance Brokers Ltd. and Addison Bay Insurance Brokers Ltd. of...
Aon, Global Excess Partners, Terminix Partner to Deal with Bed Bugs
Jun 13 2011 // According to a survey released earlier this year by the National Pest Management Association, one out of five Americans has had a bed bug infestation in their home or knows someone who has encountered bed bugs at home or...
Mexico Buys $400 Million of Disaster Insurance
Jun 13 2011 // Mexico Friday announced that it has bought more than $400 million worth of insurance to protect vulnerable areas from the impact of hurricanes and other natural disasters. Mexico purchased 4.8 billion pesos ($404 million)...
Buffett Charity Lunch Sells for $2.63 Million
Jun 13 2011 // A steak lunch at Smith & Wollensky in Manhattan starts at $36.50. The same lunch, eaten in the company of legendary investor Warren Buffett, costs approximately $2.63 million. That was the final result of the annual...
Transatlantic, Allied World Agree to Merger
Jun 13 2011 // Transatlantic Holdings, Inc. and Allied World Assurance Co. Holdings, AG on Sunday signed a merger agreement that will create a leading, global specialty insurance and reinsurance company. The combined entity will have...
Lloyd’s Kiln Acquires 49% Stake in US-based WNC Holdings
Jun 10 2011 // Lloyd’s insurer and syndicate leader R.J. Kiln, a member of the Tokio Marine Group, announced that it has bought a 49 percent share in California-based WNC Holdings – a provider of specialty insurance products and...
Beecher Carlson Acquires DW Harper Group
Jun 9 2011 // Atlanta-based Beecher Carlson, an industry specialized insurance brokerage and risk management consulting firm, has acquired Santa Ana, Calif.-based DW Harper Group. The deal further expands Beecher Carlson’s...
Private Equity Firm Buys Controlling Stake in Virginia’s Hilb Group
Jun 9 2011 // A New York private investment firm has taken a controlling interest in Virginia-based insurance broker, The Hilb Group. BHMS Investments has completed a controlling equity investment in The Hilb Group, which was formed in...
Florida’s HomeWise Insurance Completes Merger with First Home
Jun 8 2011 // HomeWise Insurance Co. and First Home Insurance Co. have completed their previously-announced merger. The two Florida domiciled companies, with $25 million of surplus, are combined under the HomeWise Insurance Co....
Appalachian Underwriters, American Alternative Partner on Commercial Auto
Jun 2 2011 // Appalachian Underwriters, Inc. (AUI) has been appointed by American Alternative Insurance Corporation (AAIC) to offer nationwide commercial auto coverage. Appalachian Underwriters is a licensed national managing general...
Gallagher Buys D.C. Financial Firm
Jun 2 2011 // Insurance broker Arthur J. Gallagher & Co. has acquired Independent Fiduciary Services Inc. (IFS), a Washington-based institutional investment advisory firm. Terms of the transaction were not disclosed. Founded in...
Hub Completes Acquisition of South Carolina Agency
Jun 2 2011 // Chicago-based broker Hub International Limited has completed the previously-announced acquisition of First Southeast Insurance Services, Inc., an insurance brokerage firm headquartered in Charleston, South Carolina. FSIS...
QBE Completes Acquisition of Balboa Insurance Portfolio
Jun 2 2011 // Australia’s QBE announced it has completed acquisition of Balboa’s Insurance portfolio, following the agreement with Balboa’s parent, Bank of America, to do so last February. QBE noted that the...
Intact Financial to Acquire AXA’s Canada Operations for $2.684 Billion
Jun 1 2011 // Intact Financial Corp has agreed to buy the Canadian arm of AXA Group for C$2.6 billion ($2.684 billion) in cash in a move that will boost its premiums by more than 40 percent and diversify its product mix. The deal to...
Swiss Re to Acquire $2.62 Billion in Assets from American Life
Jun 1 2011 // Swiss Re announced that it will acquire approximately 300,000 policies and £1.6 billion [$2.62 billon] in assets from American Life Insurance Company. The transaction reinforces Swiss Re’s “commitment to...
Arthur J. Gallagher & Co. Acquires Fish & Schulkamp
May 31 2011 // Arthur J. Gallagher & Co. has acquired Fish & Schulkamp Inc. of Madison, Wis. Terms of the transaction were not disclosed. Founded in 1906, Fish & Schulkamp Inc. is a retail insurance broker providing...
