Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Wells Fargo Insurance Services Acquires AIM Administration Agency
Apr 30 2010 // Wells Fargo Insurance Services Inc., part of Wells Fargo & Co., has acquired AIM Administration Inc., a single office, employee benefits insurance brokerage firm located in Salt Lake City. The acquisition closed on...
Zenith Shareholders Approve Merger With Fairfax
Apr 30 2010 // Fairfax Financial Holdings Ltd. announced that Zenith’s shareholders voted (by 98.9 percent of the votes cast) in favor of Fairfax’s acquisition of Zenith for $38 cash per share. The merger remains subject to...
PartnerRe Oil Platform Disaster Loss Estimates Put at $60-$70 Million
Apr 30 2010 // Bermuda-based PartnerRe Ltd. announced preliminary estimates of expected claims, relating to the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico, as in “the range of $60-$70...
Norman-Spencer Acquires Pennsylvania-Based JC Stevens
Apr 29 2010 // Pennsylvania-based JC Stevens, a program underwriter specializing in cranes, has been acquired by Norman-Spencer for an undisclosed sum. “JC Stevens has a built a strong reputation as a quality underwriting and...
Florida’s 21st Century Drops Bid to Acquire HomeWise; Gets Rate Hike
Apr 28 2010 // Florida’s 21st Century Holding Co. has dropped its bid to acquire domestic property insurer HomeWise Holdings at the same time it reported that its own Florida property insurance unit it has received approval to...
National Interstate to Acquire Vanliner Insurance
Apr 27 2010 // National Interstate Corp., headquartered in Richfield, Ohio, announced that its principal insurance subsidiary, National Interstate Insurance Co., will acquire Fenton, Mo.-based Vanliner Insurance Co., a subsidiary of...
Equity Risk Partners Adds Blackmon
Apr 23 2010 // Equity Risk Partners (ERP), an insurance brokerage and employee benefits consulting firm focused exclusively on the needs of the private equity industry, has added Charles Blackmon as senior principal – Executive...
EPIC Acquires Jeffrey Stephens Insurance Services
Apr 22 2010 // EPIC (Edgewood Partners Insurance Center) announced it has acquired Jeffrey Stephens Insurance Services (JSIS), a retail insurance brokerage based in San Rafael, Calif. JSIS was established in 1993 by founder and principal...
Court Says Stockholders Can Vote on Fairfax-Zenith Insurance Merger
Apr 22 2010 // Zenith National Insurance Corp. announced today that the Delaware Court of Chancery, ruling from the bench after hearing arguments from plaintiffs who had filed actions in both Delaware and California, has denied the...
Mass. Court: Lease Agreement to Buy Insurance Trumps State Law
Apr 21 2010 // A lease agreement to buy insurance for a landlord trumps state law that prohibits property owners from requiring tenants to indemnify landlords for their own negligence, Massachusetts highest court ruled. The decision...
Insential Partners with Vela Insurance to Expand Liquor Liability Program
Apr 20 2010 // Insential Inc. has joined with Vela Insurance Services, LLC to offer an exclusive liquor program for bars, night clubs, restaurants and special events to be written on Gemini Insurance Co. paper. The program will provide a...
The Rollercoaster of M&A
Apr 19 2010 // Continued Soft Market, Taxes and Health Care Reform to Boost Activity in Second Half of 2010 January deal activity started out strong but continued to decline in February and further in March. Nonetheless, first quarter...
Ascension Insurance Acquires Nevada’s Kapp Insurance Agency
Apr 19 2010 // Kansas City, Mo.-based Ascension Insurance Inc. has announced the acquisition of the Las Vegas-based Kapp Insurance Agency Inc., doing business as Portal of Nevada. Portal of Nevada is a full service employee benefits...
QBE Acquires NAU Country Insurance
Apr 16 2010 // QBE Americas has agreed to acquire NAU Country Insurance Co., a writer of crop insurance business based in Ramsey, Minn. Completion is expected in July 2010, subject to regulatory approvals. The acquisition supports...
Pacific Gateway Acquires Homestate’s California P/C Division
Apr 15 2010 // Pacific Gateway Insurance Agency (PGIA), a wholly owned managing general agent/managing general underwriter of National Indemnity Insurance Co. (NICO), a member of the Berkshire Hathaway Group of Insurance Companies, has...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
Apr 14 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
Starr Aviation Acquires International Aerospace Insurance of California
Apr 12 2010 // Starr Aviation Agency, Inc. a subsidiary of C.V. Starr & Co. Inc., has acquired International Aerospace Insurance Services Inc. of Santa Barbara, Calif. The acquisition of Inter-Aero expands Starr Aviation’s...
Pecina and Sandusky Become Partners at McQueary Henry Bowles Troy
Apr 8 2010 // McQueary Henry Bowles Troy LLP (MHBT) recently named Fred Pecina and Jeremy Sandusky as partners in the agency. Pecina is based in the firm’s Fort Worth office and Sandusky works in the firm’s Dallas...
Insurance Mergers Dropped in 2009, Reports Conning
Apr 8 2010 // The U.S. saw a significant decline in the reported value of insurance industry mergers and acquisitions (M&A) transactions in 2009, and overall global transaction values also declined further from very low 2008 levels,...
IronPro, JLT Partner to Provide Liability for Small to Mid-Size Law Firms
Apr 6 2010 // IronPro, the professional liability division of Ironshore Inc., has entered into a joint relationship with Jardine Lloyd Thompson (JLT) Facilities, Inc. to offer lawyers professional liability (LPL) insurance....
