Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
H.W. Kaufman Financial Group Acquires US Reports
May 5 2010 // H.W. Kaufman Financial Group, a privately held company headed by Alan Jay Kaufman, has acquired Colorado-based US Reports Inc. – a national loss control inspection, premium audit and risk management services firm. US...
Networked Insurance Agents Acquires AmCom
May 4 2010 // Grass Valley, Calif.-based Networked Insurance Agents, a subsidiary of Strongwood Insurance Holdings Corp., has announced its acquisition of AmCom Insurance Services Inc. AmCom, established in 1996, is a full service...
Torus Acquires Glacier Insurance
May 4 2010 // Torus announced that it has acquired Glacier Insurance AG, a subsidiary of the Glacier Group. The transaction is expected to be completed in May, 2010, subject to relevant regulatory approvals. [See also A.M. Best’s...
PartnerRe Announces Retirement of President and CEO Patrick Thiele
May 4 2010 // Bermuda-based PartnerRe Ltd. announced that Patrick Thiele, the Company’s President and CEO, has decided to retire, effective December 31, 2010. He will also step down from the Company’s Board of Directors at...
Best Sees No Change in National Interstate’s Ratings on Vanliner Acquisition
May 4 2010 // A.M. Best Co. commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of National Interstate Group and its members and the ICR of...
Mass. Court: Lease Agreement to Buy Insurance Trumps State Law
May 3 2010 // A lease agreement to buy insurance for a landlord trumps a state law that prohibits property owners from requiring tenants to indemnify landlords for their own negligence, Massachusetts highest court ruled. The decision...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 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...
AmWINS CEO DeCarlo on Colemont Merger and Going Global
May 3 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...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 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...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 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...
Max Capital, Harbor Point Shareholders Approve ‘Merger of Equals’
Apr 30 2010 // Bermuda-based Max Capital Group and Harbor Point Limited, a privately held company, announced that their respective shareholders have voted in favor of all proposals necessary to consummate a merger of equals of Max and...
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...
