Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
M&A Activity Continues at a Snail’s Pace Compared to 2008
Aug 3 2009 // Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year...
FPIC Insurance Group Buys Texas Med Mal Insurer Advocate, MD
Jul 31 2009 // Jacksonville, Florida-based medical liability insurer FPIC Insurance Group Inc. will acquire Advocate, MD Financial Group Inc. of Austin, Texas for $33.6 million. The deal includes additional considerations of up to $12...
HRH Acquisition Helps Boost Willis’ Revenues by 19% in Q2
Jul 30 2009 // Willis Group Holdings Limited (NYSE: WSH) reported the company’s total second quarter revenues were up by 19 percent, an increase due primarily to the HRH acquisition. Total reported revenues for the quarter ended...
Associations Partner to Share Educational Programs, Knowledge
Jul 29 2009 // The National Association of Professional Surplus Lines Offices (NAPSLO) and the Professional Liability Underwriting Society (PLUS) have collaborated to offer educational opportunities to members of both associations. Under...
PartnerRe Reports Q2, 1H Results
Jul 28 2009 // Bermuda-based PartnerRe Ltd. reported net income of $474.3 million, or $8.10 per share on a fully diluted basis for the second quarter of 2009. The bulletin said the figure “includes net after-tax realized and...
Waltz Joins Florida’s Mack Insurance Group as Partner
Jul 24 2009 // Greg Waltz has joined Mack Insurance Group, Inc. and become one of the three partners in the Deerfield Beach, Florida-based company. The company plans to change its name to Mack, Mack and Waltz Insurance Group Inc. Waltz...
S&P Affirms Ratings, Revises Outlook on Fortis, after Amlin Acquisition
Jul 23 2009 // Standard & Poor’s Ratings Services has revised its outlook to stable from negative on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), and affirmed its ‘A-‘ long-term...
SCOR Acquires XL Life America
Jul 23 2009 // SCOR Global Life US (SGL U.S.), a wholly-owned subsidiary of France’s SCOR Group, has reached a definitive agreement to acquire XL Re Life America Inc. (XLRLA), a subsidiary of XL Capital Ltd. The total consideration...
Wholesalers as Partners When Navigating Market Changes
Jul 20 2009 // We are all painfully aware of the impact of the deep recession our country has been mired in for the past year, and it appears that recovery will take some time. The tightening of credit and decline in consumer confidence...
Validus Wins IPC; Industry ‘Think Tank’ Warns on Climate Change; Partner Re to Acquire PARIS RE
Jul 20 2009 // The contest to acquire IPC Holding appears to be over. Validus Holdings, the formerly unwelcome suitor, whose rival bid ended Max Capital’s effort to take over IPC, has emerged as the winner. Validus finally came up...
AIG Sells Mexican Consumer Finance Operations
Jul 20 2009 // American International Group, Inc. announced that it has closed the sale of its consumer finance operations in Mexico, consisting of AIG Universal, S.A. de C.V., SOFOM E.N.R. and Markcenter Services, S. de R.L. de C.V, to...
Pan-American Life Acquires Texas-based Medical Benefits Provider
Jul 20 2009 // New Orleans-based Pan-American Life Insurance Group has completed the acquisition of USNow, which is headquartered in Plano, Texas, and provides limited medical plans. Since 1995, USNow President and CEO David E. Lindsey...
SEC Charges 5 with Insider Trading Ahead of Liberty Mutual-Safeco Merger
Jul 17 2009 // The Securities and Exchange Commission (SEC) has charged that five individuals, including a former investment banker at Goldman Sachs & Co., illegally tipped or traded on confidential information ahead of an...
Source Says Prudential in Talks with AIG to Buy Japanese Life Units
Jul 16 2009 // American International Group is in talks with a Prudential Financial Inc. unit to sell two Japanese life insurers, a person familiar with the matter said Wednesday. The talks for AIG Edison Life Insurance Co and AIG Star...
Kansas City’s Ascension Acquires Atlanta’s Haas & Dodd Insurance
Jul 15 2009 // Missouri-based Ascension Insurance, Inc. has acquired Haas & Dodd Insurance, Inc. of Atlanta, Ga., effective July 1, 2009. Haas & Dodd agency specializes in property/ casualty insurance and employee benefits...
Apex Global Partners Opens New Office in Oklahoma City
Jul 15 2009 // Dallas-based Apex Global Partners Inc. (AGP) has expanded its employee benefits operations by opening a new office in Oklahoma City. In conjunction with the expansion, AGP appointed Brad Williams as director of Oklahoma...
<em>Analysis:</em> U.S. Small Business Funding Dry, Getting Drier
Jul 14 2009 // U.S. small businesses, already facing the toughest credit conditions since the 1980s, may soon find things are about to get tougher. Concerns over the future of CIT Corp. — a major lender to small businesses —...
Zwiener Joins PartnerRe Board
Jul 10 2009 // Bermuda-based PartnerRe Ltd. announced that David Zwiener has been appointed to fill a vacancy on its Board of Directors effective July 7, 2009. Zwiener, aged 54, is an experienced insurance industry executive. Between...
Validus to Buy IPCRe
Jul 10 2009 // Validus Holdings Ltd. said it has agreed to buy Bermuda reinsurance rival IPC Holdings Ltd. for $1.65 billion in cash and stock, beating another rival, Flagstone Reinsurance Holdings Ltd, and likely ending a months-long...
Ameriana Insurance Agency Completes Chapin-Hayworth Acquisition
Jul 9 2009 // Ameriana Bancorp announced that its subsidiary, Ameriana Insurance Agency, has completed the acquisition of Chapin-Hayworth Insurance Agency Inc., a multi-line property and casualty insurance agency located in New Castle,...
