Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
CMTA and CompWest Form Workers’ Compensation Partnership
Jul 2 2010 // The California Manufacturers and Technology Association (CMTA) and CompWest Insurance Company have formed a partnership to provide a group workers’ compensation program for California’s manufacturing sector....
Brown & Brown Acquires South Carolina’s Commonwealth Insurance
Jul 2 2010 // Insurance agency Brown & Brown Inc. has acquired Commonwealth Insurance Inc., of Charleston, South Carolina. Founded in 1996 by Todd R. Tyler, Commonwealth Insurance Group, with annual revenues of approximately $2.6...
Tower Completes Acquisition of OneBeacon’s Personal Lines Business
Jul 1 2010 // Tower Group Inc. has completed its acquisition of the personal lines business of OneBeacon Insurance Group for $167 million. The completed transaction includes the acquisition by Towers of Massachusetts Homeland Insurance...
National Interstate Completes Acquisition of Vanliner Insurance Co.
Jul 1 2010 // National Interstate Corp., based in Richfield, Ohio, announced that its principal insurance subsidiary, National Interstate Insurance Co., completed its previously announced acquisition of Vanliner Insurance Co. from...
Wells Fargo Insurance Services Acquires Kinney Agency
Jul 1 2010 // Wells Fargo Insurance Services USA Inc., part of Wells Fargo & Co., announced it has acquired Kinney Agency Inc., a single office, commercial insurance brokerage firm located in Albuquerque, N.M. The acquisition closed...
Torus Completes Acquisition of Glacier Insurance AG
Jul 1 2010 // Torus has announced that it has completed the acquisition of Glacier Insurance AG from the Glacier Group [See IJ web site – https://www.insurancejournal.com/news/international/2010/05/04/109510.htm ]. The...
Affinity Benefits Partners Launches Program for Texas Restaurants
Jun 25 2010 // Affinity Benefits Partners, a Hotchkiss Insurance Programs LLC (HIP) company, has teamed up with Pan-American Benefits Solutions to offer an exclusive health benefits program for restaurants in Texas. PanaMed, underwritten...
Breckenridge IS Acquires Georgia’s Overby-Seawell
Jun 24 2010 // Breckenridge IS, Inc., a specialty underwriter and program management company based in Cleveland, has acquired Overby-Seawell Co., a Kennesaw, Georgia-based specialty financial services insurance broker to...
Towers Watson Sells VIPitech Unit to Fitch’s Algorithmics
Jun 24 2010 // Global professional services company Towers Watson announced that it has sold its “VIPitech, an actuarial and financial modelling software unit,” to Algorithmics, a unit of the Fitch group, in accordance with...
Mississippi County Ordinance Requires Some Dog Owners to Buy Insurance
Jun 23 2010 // Hinds County residents who own pit bulls, hybrid wolf dogs and exotic animals must obtain a permit from the sheriff’s department and hold insurance under changes approved to the animal control ordinance. The...
BP Partner Anadarko Places All Blame for Oil Disaster on BP
Jun 21 2010 // As BP Plc rushed to raise cash to pay for the Gulf of Mexico disaster, a partner in the out-of-control well said the British company was likely guilty of “willful misconduct” and should shoulder the financial...
The Hoffman Group Acquires Belgrave Insurance Agency
Jun 18 2010 // Belgrave Insurance Agency and The Hoffman Group announce the merger of two long- standing independent insurance agencies, for all lines of business. This union, which will be completed in June 2010, will help better serve...
Best Affirms PartnerRe Group’s ‘A+’ Ratings; Outlook Stable
Jun 18 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings of “aa-” of the Bermuda-based PartnerRe Group and its members. Best also affirmed the ICR...
Arthur J. Gallagher & Co. Acquires Arkansas Insurance Agency
Jun 18 2010 // Insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired the operations of Bowen, Miclette, Britt & Merry of Arkansas Inc. in Fort Smith, Ark., from Bowen, Miclette & Britt...
New York City Agency Buys Brooklyn Competitor
Jun 16 2010 // In a merger of two Brooklyn agencies, Apex Brokerage Inc. has acquired Brighton Brokers Corp. Terms of the deal were not disclosed. Apex was founded in 1992 and is headed by Anthony Calafiore, a former president of the...
Island Insurance Appoints Kim Agency Partners Program Manager
Jun 15 2010 // Honolulu-based Island Insurance Co. Ltd., has appointed Nova Kim as Agency Partners Program manager. In this newly created position, Kim will be responsible for the company’s Agency Partners Program (APP), which...
CNA, SeaPass to Expand On-Line Quoting for Small Business Partners
Jun 14 2010 // CNA insurance companies recently formalized its relationship with SeaPass Solutions, Inc. to support the expansion of on-line quoting resources for its small business agents and brokers. Through the SeaPass Hub platform, a...
Best Sees No Change in Old Republic’s Ratings from PMA Acquisition
Jun 14 2010 // A.M. Best Co. has commented that the ratings of Chicago-based Old Republic International Corporation’s P/C, title and life operating subsidiaries are unchanged following its proposed acquisition of the outstanding...
Insurance Software Firm Vertafore Acquired by TPG Capital
Jun 11 2010 // Vertafore, a leading provider of software to the insurance industry, is being acquired by investment funds managed by TPG Capital. TPG will purchase the company from Hellman & Friedman and its co-investor JMI Equity...
Weak Predators, Demanding Prey Stymie Lloyd’s M&A
Jun 11 2010 // A bid for Lloyd’s of London insurer Brit is unlikely to trigger acquisitions in the battered sector because targets feel they can hold out against lowball private equity bids and trade buyers remain strapped for...
