Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Aran Insurance Services Group Acquires MiniCo, HRMP
May 17 2010 // Arizona-based MiniCo Inc. has sold its insurance agency operations and publishing division, MiniCo Insurance Agency LLC, to Aran Insurance Services Group, an insurance services provider based in Rockville Centre, N.Y....
S&P Affirms Alterra’s Ratings Following Max Cap, Harbor Point Merger
May 17 2010 // Standard & Poor’s Ratings Services said today that it affirmed its ‘BBB’ counterparty credit rating on Bermuda-based insurance and reinsurance holding company Alterra Capital Holdings Ltd., which was...
M&A Wrap Up: The Rollercoaster of M&A
May 14 2010 // January deal activity started out strong but continued to decline in February and further in March. Nonetheless, first quarter merger and acquisition (M&A) activity bested last year’s first quarter performance...
Brown & Brown Acquires Four Connecticut Insurance Agencies
May 14 2010 // Florida-based Brown & Brown Inc. has acquired four retail insurance agencies in central and southeastern Connecticut with combined revenues of $7.2 million. The acquired agencies are McCutcheon Burr & Sons, of...
Barney & Barney Acquires Virtual Cosourcing Solutions
May 14 2010 // San Diego-based Barney & Barneyannounced today that it has acquired Virtual Cosourcing Solutions and hired its CEO Stan Lambert as a principal. Lambert has launched the firm’s Specialty Services Divisionto...
Montupet Elected as New PartnerRe Board Chairman
May 12 2010 // Bermuda-based PartnerRe Ltd. announced today that, Jean-Paul Montupet has been named as Chairman of its Board of Directors, following his re-election as a Director. He replaces John Rollwagen, who was also re-elected as a...
Best Report Forecasts More Mutual Partnerships as Challenges Mount
May 11 2010 // A new report from A.M. Best notes that mutual insurance companies “have generally entered and emerged from the economic downturn in a strong position, but any advantage they currently have over conventional insurers...
PartnerRe Reports Q1 Operating Loss; Net Income $79.7 Million
May 7 2010 // Bermuda-based PartnerRe Ltd. reported net income of $79.7 million, or $0.85 per share on a fully diluted basis for the first quarter of 2010; the figure includes net after-tax realized and unrealized gains on investments...
Mercury Partners with Personal Lines Growth Alliance
May 7 2010 // The Personal Lines Growth Alliance (PLGA), a coalition within the independent agency system, announced that Mercury Insurance Group is a founding financial partner. Mercury is the first of many insurance carriers that will...
Outlook Negative for Wisconsin’s Partners Mutual Insurance
May 6 2010 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Partners Mutual Insurance Company (Partners) of...
