Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Hanover Insurance: Focused on Niches, Says More Acquisitions Likely
Jan 14 2010 // The Hanover Insurance Group Inc.’s CEO Frederick H. Eppinger expects the western United States to be a key growth driver for the super-regional insurer in the next several years. Having just entered into a renewal...
Mississippi’s Jackson County Readying to Buy Flood Prone Properties
Jan 14 2010 // A program to buy oft-flooded properties in Jackson County, Mississippi may be moving forward after years of delays. After Hurricanes Georges in 1998 and Katrina in 2005, the Federal Emergency Management Agency and...
Trans Cal Sells Zurich Transportation Accounts to Cochrane & Co.
Jan 14 2010 // Trans Cal has sold all Zurich transportation accounts of Trans Cal to Cochrane & Co. Inc., the Spokane, Wash., company announced. The sale became effective on Dec. 31, 2009, and applies to existing Zurich accounts and...
Thompson Coe Appoints Yacuk Partner in Insurance Section
Jan 11 2010 // Texas-based Thompson, Coe, Cousins & Irons has appointed Jason M. Yacuk as a partner in its Insurance Litigation and Coverage section. Yacuk has been with Thompson Coe since 2006. Yacuk maintains an active litigation...
Virginia’s TowneBank Buys Taylor Johnson Insurance Group
Jan 6 2010 // Virginia-based TowneBank has acquired Taylor Johnson Insurance Group, which will become part of the bank’s affiliate, Towne Insurance Agency. Taylor Johnson Group, headquartered in Virginia Beach, Virginia, employs...
Brown & Brown Acquires San Antonio’s Alamo Insurance Group
Jan 6 2010 // Florida-based Brown & Brown Inc. announced that through a subsidiary it has acquired the assets of Alamo Insurance Group Inc., of San Antonio, Texas. Alamo Insurance Group, with annual revenues of approximately $4.3...
Florida Peninsula to Acquire Home Insurer Edison
Jan 5 2010 // Boca Raton-based Florida Peninsula Holdings has agreed to acquire another Florida property insurer, Edison Insurance Group, including its two subsidiaries, Edison Insurance Co. and Edison Insurance Underwriters. The...
Premium Financing Specialists Acquires Universal Premium Acceptance
Jan 5 2010 // Premium Financing Specialists Inc. (PFS) has closed the acquisition of another Kansas City metro area-based premium finance company, Universal Premium Acceptance Corp. (UPAC). The combined company of almost 300 employees...
Main Street America Acquires Texas Surety Business from CAIC
Jan 4 2010 // Houston-based CAIC Holding Co.Inc. (CAIC) has sold its surety division to property/casualty insurance carrier The Main Street America Group, based in Jacksonville, Fla. The firms said the agreement is effective Jan. 4,...
Towers Perrin, Watson Wyatt Complete Merger
Jan 4 2010 // Towers Watson & Co. has completed the merger of Towers Perrin and Watson Wyatt. The transaction to form Towers Watson, a global professional services company, was announced on June 28, 2009. Watson Wyatt CEO John...
Maine’s United Insurance Acquires Mexico Agency from Northeast
Dec 23 2009 // Falmouth, Maine-based insurance agency United Insurance has acquired the Mexico Agency business from Northeast Bank Insurance Group. The Mexico Agency, which was acquired by Northeast in 2004, writes approximately $900,000...
Combined Agents Names Top 4 Insurance Company Partners
Dec 22 2009 // Austin, Texas-based Combined Agents of America LLC (CAA) reports that Central Insurance Companies, Texas Mutual Insurance Company, Travelers Insurance and The Hartford have been named the 2009 “Top Four Company...
Marsh & McLennan Agency Buys New Jersey’s NIA Group
Dec 22 2009 // Marsh & McLennan Agency has acquired The NIA Group, one of the largest independent insurance agencies in the Northeast. Terms of the deal were not released. Paramus, New Jersey-based NIA, founded in 1926, has annual...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Marsh to Acquire HSBC Insurance Brokers; Enters ‘Strategic Partnership’
Dec 18 2009 // Marsh announced that it has concluded an agreement to acquire HSBC Insurance Brokers Ltd (HIBL), a wholly owned subsidiary of the HSBC Banking Group. The total consideration is valued at £135 million ($218 million),...
PartnerRe Appoints Carre Group Risk Management Director
Dec 16 2009 // Bermuda-based PartnerRe Ltd. announced that Jérôme Carré, currently Chief Risk Officer for PARIS RE, has been appointed as PartnerRe Group Risk Management Director, effective January 1, 2010. He will...
Aon to Acquire Construction Insurance Broker FCC Global of Spain
Dec 15 2009 // Aon Risk Services said that it has agreed to acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC. FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas,...
Best Sees No Ratings Change from Torus, Sideris Re Merger
Dec 10 2009 // A.M. Best Co. indicated that its ratings of Bermuda-based Torus Insurance Holdings Limited and its operating subsidiaries remain unchanged following the contribution of Sideris Re Holdings Ltd (SRH) to Torus by First...
PartnerRe Cross-Lists on NYSE, Euronext Paris Stock Exchange
Dec 8 2009 // Bermuda-based PartnerRe Ltd. announced its successful cross-listing on both the NYSE and Euronext Paris stock exchanges. The company said the cross-listing facility, effective immediately, is consistent with its...
PartnerRe Completes PARIS RE Acquisition
Dec 8 2009 // Bermuda-based PartnerRe Ltd. announced that it has completed its acquisition of 100 percent of the outstanding common shares of PARIS RE Holdings Limited, following the approval by PARIS RE’s shareholders of the...
