Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Posts $141 Million Q1 Net Earnings; Conf. Call Today
Apr 28 2009 // Bermuda-based PartnerRe Ltd. posted net income of $141.5 million, or $2.32 per share on a fully diluted basis for the first quarter of 2009, compared to $129 million in the same period of 2008. “Net income includes...
Wells Fargo Acquires North Coast Surety Insurance Services
Apr 23 2009 // Wells Fargo Insurance Services Inc., part of Wells Fargo & Co., has acquired the assets of North Coast Surety Insurance Services and North Coast Surety Technologies on April 1. Terms were not disclosed. Based in...
Lloyd’s Offers to Buy Back Debt at Discount
Apr 22 2009 // Citing a strong capital position and current market conditions, Lloyd’s of London has offered to buy back up to 100 million pounds ($145 million) worth of bonds at a discount. The offer applies to fixed/floating rate...
Scanlon Guerra Burke Insurance Brokers Names Schneir Partner
Apr 16 2009 // Scanlon Guerra Burke Insurance Brokers of Woodland Hills, Calif., has named Justin Schneir a partner. He specializes in metal goods manufacturing and malpractie insurance. He has been with the company for four years and...
Fortegra Completes Acquisition of Bliss & Glennon from Willis HRH
Apr 16 2009 // Jacksonville, Fla.-based Fortegra Financial Corp., an insurance services company specializing in affinity marketing, payment protection, mass marketing and administration, has completed the acquisition of Bliss &...
Farmers To Acquire AIG’s Personal Auto Group for $1.9 Billion
Apr 16 2009 // Los Angeles-based the Farmers Insurance Group of Companies has announced it will acquire American International Group’s (AIG’s) Personal Auto Group, which includes 21st Century Insurance Co. The acquisition...
Guy Carpenter Completes Acquisition of John B. Collins Associates
Apr 9 2009 // Guy Carpenter & Co. LLC completed the previously announced acquisition of John B. Collins Associates Inc. The acquisition of Collins, the fifth largest reinsurance intermediary in the United States and seventh largest...
National Insurance Partners’ New Product Covers Independent Directors
Apr 6 2009 // Austin, Texas-based National Insurance Partners Inc. (NIP) has launched a broad form of directors and officers insurance coverage for independent directors of companies. X-PROTECT is offered in partnership with the...
Auto Club Insurance Association Acquires MEEMIC Insurance Co.
Apr 3 2009 // Auto Club Insurance Association, a Dearborn, Mich.-based insurer (ACIA), has acquired MEEMIC Insurance Company (MEEMIC) and its insurance agency affiliate, MEEMIC Insurance Services Corporation. ACIA offers a full range of...
Florida Senate Postpones Vote on Catastrophe Funding Bill
Apr 2 2009 // A Senate committee searching for ways to improve Florida’s shaky property insurance situation and lower the state’s risk recommended borrowing money from the state retirement system to obtain some short-term...
Texas Independent Agents Urge Adequate Windstorm Funding
Mar 27 2009 // Since funding for the Texas Windstorm Insurance Association (TWIA) has become a top priority for the Texas Legislature, statewide lawmakers have debated several solutions that will impact policyholders in Texas, according...
Bank of East Asia to Buy AIG’s Taiwan Securities Unit
Mar 26 2009 // The Bank of East Asia said on Thursday that it has signed a deal to buy the Taiwan securities arm of American International Group as the ailing U.S. insurance giant sells assets to raise cash. “The deal is subject to...
New Bridge Insurance Partners Paying Off for Texas Agents
Mar 25 2009 // Jeff Turner had long harbored ideas on how to operate an independent insurance agency so when he and his business partners Tommy Saxon and Ryan Perry opened Bridge Insurance Partners in Dallas a little more than a year...
2 Iowa Insurers Cancel Merger
Mar 24 2009 // Two Des Moines area insurance companies have called off plans for a merger. American Enterprise Group Inc. of Des Moines and Homesteaders Life Co. of West Des Moines said in a joint statement that they’ve nixed the...
Sports Terrorism, ‘Names,’ Tongues and Mergers
Mar 23 2009 // Are professional sports the next terrorist targets? The terrorist attack on Sri Lanka’s cricket team in Lahore (Pakistan) “highlights the vulnerability of sporting events to terrorist disruption,” warned...
Mississippi Homeowners Urged to Buy Flood Insurance Now
Mar 17 2009 // Mississippi residents cannot afford to ignore the reality that 90 percent of all natural disasters in the nation involve flooding, according to Insurance Commissioner Mike Chaney. Chaney said that Flood Safety Awareness...
Swiss Re Finalizes Funding Agreement with Berkshire Hathaway
Mar 13 2009 // Swiss Re has announced that the “main terms of the convertible perpetual capital instrument to be issued to Berkshire Hathaway have been finalized.” The funding agreement was announced at the same time as Swiss...
Insurance Specialty Group LLC Acquires Wastepac
Mar 12 2009 // Insurance Specialty Group LLC has acquired Wastepac, a provider of insurance coverage to the waste hauling and sanitation industry. “Acquiring Wastepac’s expertise in this highly-specialized niche market gives...
CCC-Mitchell Cancel Merger After Court Grants Injunction Sought By FTC
Mar 12 2009 // The United States District Court for the District of Columbia has granted the Federal Trade Commission’s request for a preliminary injunction enjoining CCC Information Services Inc.’s merger with Mitchell...
SMA Names Furtado as Partner
Mar 12 2009 // Boston-based insurance industry analysis firm SMA Inc. has named Karen Furtado as partner. Furtado has more than 25 years of technical and business experience within the insurance industry, and has specific areas of...
