Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Trillium to Acquire Geneva Insurance
Nov 5 2009 // Arizona-based Trillium Management Services Inc. announced it will acquire Geneva Insurance Company Inc. of Indianapolis, Ind., in a transaction that is expected to close in December 2009. Geneva was formed in 1999 by...
BB&T Insurance Acquires Florida’s Oswald Trippe Agency
Nov 3 2009 // Raleigh, North Carolina-based BB&T Insurance Services, the nation’s seventh largest insurance broker, said it has expanded its southwest Florida operation with the acquisition of Oswald Trippe and Co. Inc. of...
Higginbotham & Associates Partners With Globex International Group
Nov 2 2009 // Fort Worth, Texas-based independent insurance and financial services firm Higginbotham & Associates has partnered with Globex International Group to provide commercial insurance, loss control and employee benefit...
Florida’s Homeowners Choice Has Eye on Merger with 21st Century Holding
Nov 1 2009 // Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12...
Oregon’s Gales Names New Partner
Oct 30 2009 // Gales Creek Insurance Services is pleased to announce that their Commercial Lines Manager, Kim Hutchinson, has become a partner in the agency. Kim has been with Gales Creek since 1999, handling national program business...
Gallagher Buys Hawaii Agency
Oct 27 2009 // Arthur J. Gallagher & Co. has acquired Triad Insurance Agency, Inc., in Honolulu, Hawaii from The Bank of Hawaii. Terms of the transaction were not disclosed. Originally founded in 1967, Triad Insurance Agency, Inc....
PartnerRe Rebounds; Posts $566.7 Million Q3 Net; $1.2 Billion 9 Months
Oct 27 2009 // Bermuda-based PartnerRe Ltd. reported net income of $566.7 million, or $9.44 per share on a fully diluted basis for the third quarter of 2009. The bulletin said the figure “includes after-tax net realized and...
Aon to Acquire Carpenter Moore
Oct 27 2009 // Global insurance broker Aon Corp. has agreed to acquire Carpenter Moore Insurance Services, Inc., a provider of executive liability risk management services and a wholly-owned subsidiary of The NASDAQ OMX Group,...
Harleysville Mutual to Acquire Delta Lloyds Flood Insurance Business
Oct 27 2009 // Pennsylvania-based Harleysville Mutual Insurance Company and will be assuming the book of “Write Your Own” (WYO) flood business of Delta Lloyds Insurance Company of Houston, Texas, effective Nov. 1, 2009. Delta...
William Gallagher Acquires RPG Insurance Administrators
Oct 26 2009 // Boston-based insurance brokerage William Gallagher Associates has acquired RPG Insurance Administrators Inc. (RPG) of Medfield, Massachusetts for an undisclosed sum. RPG specializes in risk management services to medium-...
Guy Carpenter Finds Merger Interest with MGAs, Program Managers
Oct 26 2009 // Program administrators and managing general agents (PAs & MGAs) remain interested in growth through acquisition in order to accelerate top-line growth and capture market share, according to findings from new Guy...
UAE Health Insurer Daman and Munich Re Extend Strategic Partnership
Oct 22 2009 // The United Arab Emirates National Health Insurance Company, Daman, and Munich Re have extended their strategic alliance and partnership. The bulletin noted that the “initial five-year agreement between both firms was...
AmTrust to Invest $42 Million in ACAC Acquisition of GMAC P/C Insurance
Oct 21 2009 // AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty insurance business. AmTrust said it...
California’s Edgewood Partners Names New Principal
Oct 20 2009 // Edgewood Partners Insurance Center, a retail property, casualty and employee benefits insurance brokerage, has appointed Joe Vineis as principal in its San Francisco Office. Vineis brings more than 20 years of experience...
Willis Names Ealy National Partner for Midwest Region
Oct 19 2009 // Insurance broker Willis Group Holdings has appointed Thomas V. Ealy as national partner of the Midwest Region for its North American retail operations. In his new role, Ealy will oversee the company’s retail offices...
Some Mutual Insurers May Need Partners to Grow
Oct 19 2009 // The world’s mutual insurance companies are well placed to continue to grow market share in the wake of the credit crisis, but they also face a vast range of challenges, according to new research. A report by credit...
Insurance Brokerage M&A Took a 3rd Quarter Vacation
Oct 19 2009 // Deal making wasn’t at the top of the list of summer activities this season, but deal vacation was. Third quarter merger and acquisition (M&A) activity continued declining to just 30 announced transactions between...
Manulife Buys Pottruff & Smith; Now Canada’s No. 2 Travel Insurer
Oct 16 2009 // Manulife Financial, Canada’s biggest life insurer, announced on Thursday that it has acquired Pottruff & Smith Travel Insurance Brokers Inc. in an all cash deal that will make it Canada’s No. 2 travel...
Private Equity Fund Aquiline Acquires Consultant Conning from Swiss Re
Oct 14 2009 // Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, has acquired insurance consulting and asset management provider Conning & Co. from Swiss Reinsurance Co. Ltd. Conning & Co....
AIG Sells Taiwan Life Insurance Unit for $2.15 Billion
Oct 13 2009 // American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year. The sale of Nan Shan Life on...
