Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Lloyd’s Novae calls off Merger talks with Omega
Jul 1 2011 // Lloyd’s Novae Group plc announced that it has informed the advisers of Omega Insurance, another Lloyd’s insurer that it “has withdrawn from merger discussions.” Novae said it has “concluded...
Hallmark Financial Completes Acquisition of Texas Builders Insurance
Jul 1 2011 // Hallmark Financial Services Inc., based in Fort Worth, has completed its previously disclosed acquisition of TBIC Holding Corporation, including its wholly owned subsidiaries Texas Builders Insurance Co. and TBIC Risk...
Arthur J. Gallagher & Co. Acquires Mortgage Insurance Agency
Jun 30 2011 // Itasca, Ill.-based international insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., announced it has acquired Mortgage Insurance Agency Ltd. in Crystal Lake, Ill. Founded in 1993,...
Top Buyers Remain Interested in Acquiring Agencies: Consultant
Jun 29 2011 // There will be a strong ongoing interest in acquisitions of independent agent and brokers through 2012, according to the channel’s most prolific buyers of agencies whose views are highlighted in a new report. Reagan...
Bollinger Acquires New Jersey Agency, PCG
Jun 27 2011 // Short Hills, N.J.-based insurance broker Bollinger Inc. has acquired the Cranford, N.J. agency, The Property and Casualty Group (PCG). Terms were not disclosed. PCG It sells commercial and personal insurance in New Jersey,...
ACE Acquires All Shares of ACE Synergy Insurance Berhad in Malaysia
Jun 21 2011 // The ACE Group announced today that its ACE INA International Holdings, Ltd. subsidiary has acquired all of the outstanding shares it does not already own, or approximately 49 percent, of ACE Synergy Insurance Berhad in...
Travelers Acquires Interest in Brazilian Surety Insurer JMalucelli
Jun 21 2011 // The Travelers Companies announced that the company has completed its acquisition of a 43 percent interest in JMalucelli Participações em Seguros e Resseguros S.A., the market leader in the surety insurance business in...
Michigan’s Hastings Mutual Insurance Continues Partnership with Olivet College
Jun 21 2011 // Michigan-based Hastings Mutual Insurance Co. committed $100,000 over four years towards an endowed scholarship fund for Olivet College insurance students. To date, $75,000 has been contributed to the fund with the...
Zurich to Acquire Malaysian Assurance Alliance Berhad
Jun 20 2011 // Zurich Financial Services Group announced that its subsidiary, Zurich Insurance Company Ltd., has signed an agreement to acquire 100 percent of the share capital of Malaysian Assurance Alliance Berhad (MAAB), a Malaysian...
Digital Insurance Acquires Agencies in Illinois and Arizona
Jun 20 2011 // Digital Insurance Inc., an employee benefits agency specializing in insurance for small businesses and mid-sized companies, has acquired Employee Benefits by Design in Chicago and Strategic Benefits Consultants (SBC) in...
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...
