Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Pennsylvania’s PMA Cos. Acquired by Old Republic
Jun 10 2010 // Pennsylvania-based PMA Capital Corp. has been acquired by Old Republic International Corp. in a stock-swap transaction valued at around $365 million. The transaction is expected to close in the third quarter, pending...
Georgia to Allow Failed Insurers’ Clients to Buy Into Insolvency Pool
Jun 9 2010 // Georgia Gov. Sonny Perdue has signed into law a bill allowing employers whose previous workers compensation carrier goes out of business to pay into the insolvency pool to cover injured workers’ claims. The law has...
Swett & Crawford in ‘Advanced’ Merger Talks with UK’s Cooper Gay
Jun 8 2010 // London-based independent wholesale, reinsurance and specialist broker Cooper Gay and Atlanta-based U.S. wholesale broker Swett & Crawford confirmed in joint bulletins that they are in advanced deal discussions. Plans...
Preferred Concepts Buys Wholesale Broker Mercator
Jun 8 2010 // The restructuring of the property/casualty insurance wholesale and specialty brokerage market continues as Preferred Concepts, LLC, a national program administrator, announced it has acquired of Mercator Risk Services, a...
Marsh & McLennan Sells Kroll to Providence for $1.13B
Jun 7 2010 // Marsh & McLennan Cos Inc agreed to sell investigations unit Kroll to a firm led by former Marsh CEO Michael Cherkasky for less than the insurance broker paid for Kroll six years ago. MMC said on Monday it plans to sell...
Hub International Acquires Assets of Irus Corp.
Jun 7 2010 // Insurance brokerage Hub International Ltd. has acquired the assets of Pennsylvania-based employee benefits firm Irus Corp. Terms of the deal were not disclosed. In connection with the deal, some Irus employees will become...
How Program Partners Can Help Agents Sell Value
Jun 7 2010 // There is a quote from Warren Buffet that I want to put on my wall and send to all my colleagues: “Price is what you pay. Value is what you get.” Agents, brokers and underwriters should heed Mr. Buffet’s...
Dawson Cos. Adds Donnelly; Acquires Putnam Transporation
Jun 4 2010 // Dawson Cos. announced it has added Gregory C. Donnelly as a senior benefits consultant in Dawson Consulting Group LLC, the employee benefits division of Dawson Cos. in Ohio. Donnelly had been vice president, Sales and...
Genstar Capital Acquires Canada’s Granite Global Solutions
Jun 3 2010 // San Francisco-based Genstar Capital, LLC, a middle market private equity firm, announced the acquisition of Granite Global Solutions, a Canadian provider of risk mitigation services to insurance and corporate...
Arthur J. Gallagher & Co. Acquires Joseph James & Associates
Jun 3 2010 // Illinois-based insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has acquired Joseph James & Associates of Dublin, Ohio. Terms of the transaction were not disclosed. Established in...
Risk Transfer Alliance Acquired by Hub International
Jun 1 2010 // Hub International has acquired a New England-based retail agency that specializes in property/casualty insurance and related risk management services for the health care industry. Risk Transfer Insurance Alliance (RTIA) is...
Fairfax Receives Regulatory Approval for Zenith Acquisition
May 20 2010 // Toronto-based Fairfax Financial Holdings Limited and California-based Zenith National Insurance Corp. announced that Fairfax has received approval from the California Department of Insurance for the acquisition by Fairfax...
John M. Glover Agency Acquires APS San Angelo in Connecticut
May 20 2010 // John M. Glover Agency has acquired APS San Angelo Insurance Agency based in Waterbury, Connecticut. Terms of the deal were not released. APS San Angelo has been doing business in the Waterbury area for over 50 years. John...
TWFG Acquires Vela Insurance Agency
May 19 2010 // The Woodlands, Texas-based The Woodlands Financial Group Inc. (TWFG) has acquired the Vela Insurance Agency Inc., located in Pearland, Texas. Jerri Vela, former owner of Vela Insurance Agency, expressed joy and excitement...
The Hanover Partners With Identity Theft 911
May 18 2010 // The Hanover Insurance Group, Inc. has partnered with Identity Theft 911, an identity theft management and data-breach response service. The arrangement will enable The Hanover’s agents to provide their mid-size...
ECB’s Plan to Buy Bonds Risks Making it Europe’s ‘Bad Bank’
May 18 2010 // The European Central Bank’s decision to buy tarnished debt in the euro zone risks turning it into Europe’s de facto “bad bank” and putting cash-strapped governments and taxpayers on the hook for yet...