Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Ups New Zealand Quake Loss Estimates to $140-$160 Million
Dec 15 2010 // Bermuda-based PartnerRe Ltd. Has updated its loss estimate relating to the September 3, 2010 New Zealand earthquake. The Company said it “now expects its loss estimate for the New Zealand Earthquake to be in the...
LaBarre/Oksnee Insurance Acquires N.C. Dundas and Associates
Dec 15 2010 // Aliso Viejo, Calif.-based LaBarre/Oksnee Insurance has acquired the N.C. Dundas and Associates, a commercial insurance brokerage firm. The acquisition is part of LaBarre/Oksnee’s larger strategic expansion plans that...
Insurance Receivers, Asset Recovery Groups Partner on Credentials
Dec 14 2010 // Two insurance groups are joining to improve the skills of those helping troubled insurers recover assets and those going after people who defraud insurance companies. Members of the International Association of Insurance...
Merger, Acquisition Activity Heats Up
Dec 10 2010 // Merger and acquisition (M&A) activity between July and September was robust making the third quarter the most active with 61 deals versus 36 last year. Deal volume for the first nine months is up 28 percent from the...
R-T Specialty Acquires Oakbridge Insurance Services
Dec 10 2010 // The wholesale brokerage unit of Pat Ryan’s Ryan Specialty Group LLC, has acquired one of the nation’s largest executive and professional liability intermediary specialists. R-T Specialty LLC acquired...
PartnerRe Repurchases App. 1.7% of Common Shares Outstanding
Dec 9 2010 // Bermuda-based PartnerRe Ltd. announced the repurchase of 1,283,336 common shares in a privately negotiated transaction with an institutional shareholder. The shares, totaling approximately 1.7 percent of total common...
Brown & Brown Acquires Ladd’s Agency
Dec 9 2010 // Insurance broker Brown & Brown has acquired the assets of Ladd’s Agency, an Upstate New York-based insurance agency owned by Alliance Financial Corp. Ladd’s, with annual revenue of roughly $1.4 million, has...
Bankers Expect Tough Year Ahead for Insurance M&A Market
Dec 8 2010 // Investment bankers expect another tough year for insurance sector deals in 2011, although there is hope for the M&A market as insurers come under increasing pressure to show growth coming out of the financial...
Alliant Holdings Raising Capital for Acquisitions
Dec 8 2010 // Newport Beach, Calif.-based Alliant Holdings I Inc. has announced that it intends to raise $160 million principal amount of incremental senior secured term loans due August 2014. Proceeds of the Facility will be used to...
Donegal Group Inc. Acquires Michigan Insurance Co.
Dec 7 2010 // Donegal Group Inc. announced that it had completed the acquisition of Michigan Insurance Co., which was formerly a majority-owned subsidiary of West Bend Mutual Insurance Co. The final purchase price will be calculated...
Independent Agency Population Holds Steady as Start-Ups Keep Pace with Mergers
Dec 7 2010 // The total number of independent agencies in the country remains stable at around 37,500 as start-ups have kept pace with agency mergers and closings, according to a new study of agencies. There are today as many agencies...
Equity Risk Partners-Texas Adds Viracola to Managment Team
Dec 6 2010 // Dallas-based Equity Risk Partners-Texas (ERP-Texas) has appointed Michael T. Viracola as director of Business Development. ERP-Texas was recently established as a joint venture between insurance brokers Equity Risk...
Risk Strategies Completes Merger Of Cohn-Reid-O’Neill Insurance Services
Dec 6 2010 // Risk Strategies Co. (RSC), a national insurance brokerage and risk management firm based in Boston, has completed the merger of Cohn-Reid-O’Neill Insurance Services Inc. (CRO) in Burlingame, Calif., with its West...
Insurance Mergers Complicated by Economy, Low Valuations, Hidden Risks
Dec 5 2010 // With organic growth difficult in the current economy and soft market, there could be an increase in insurance industry merger and acquisition activity over the next 12 to 18 months, according to mergers and acquisitions...
Insurance Mergers Complicated by Economy, Low Valuations, Hidden Risks
Dec 5 2010 // With organic growth difficult in the current economy and soft market, there could be an increase in insurance industry merger and acquisition activity over the next 12 to 18 months, according to mergers and acquisitions...
ReSource Intermediaries Acquires Reinsurance Advisory Services
Dec 3 2010 // ReSource Intermediaries Inc. has acquired San Francisco-based Reinsurance Advisory Services Inc. (RAS). Financial details of the transaction were not disclosed. RAS, a risk advisor and reinsurance intermediary focused on...
Genex Completes Intracorp Acquisition
Dec 2 2010 // Pennsylvania-based Genex has completed its acquisition of Cigna’s workers’ comp and disability case management business. The acquisition of the business unit, International Rehabilitation Associates Inc., was...
Brown & Brown Acquires Ruland & Mattingley Insurance Services Assets
Dec 2 2010 // C. Roy Bridges, regional president of Daytona Beach, Fla.-based Brown & Brown Inc. and Lloyd S. Ruland III and Philip M. Ruland, shareholders of Ruland & Mattingley Insurance Services Inc. of Laguna Hills, Calif.,...
Zurich Completes Acquisition of Lebanese Insurer
Dec 2 2010 // Zurich Financial Services Group announced today that its subsidiary, Zurich Insurance Company Ltd, has completed the acquisition of 99.99 percent of Compagnie Libanaise D’Assurances SAL, a privately owned Lebanese...
Arthur J. Gallagher Acquires Illinois’ Premier Risk Services
Dec 2 2010 // Arthur J. Gallagher & Co. has acquired Premier Risk Services Inc. in Itasca, Ill. Terms of the transaction were not disclosed. Formed in 1986, Premier Risk Services is a retail insurance broker providing commercial...
