Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Long Island’s Bradley & Parker Acquires Profile Coverage
Jan 20 2009 // Syosset, New York-based insurance agency Bradley & Parker has acquired Profile Coverage Corp. and its affiliated companies, located in Ronkonkoma. With roots going back to 1964, Profile Coverage Corp. is an all lines...
New York’s NIF Group Acquires California’s HDR
Jan 16 2009 // Manhasset, New York-based specialty insurance firm NIF Group has acquired HDR Insurance Services of Sacramento, California. HDR specializes in providing innovative programs for independent agents. HDR will continue to...
American Pinnacle Partners Launches Western Pinnacle Insurance Services
Jan 14 2009 // Seal Beach, CA and Fresno, CA, January 14, 2009 — American Pinnacle Partners, Inc. (“APP”), a holding company of specialty insurance companies, announced today that APP through a two-step transaction has...
Markel Acquires California’s Child Welfare Insurance Services
Jan 14 2009 // Markel Insurance Co. has acquired the property and casualty insurance renewal rights of Child Welfare Insurance Services effective Dec. 31, 2008. Rhonda Sciortino, founder and chief executive officer of Child Welfare...
BMO Financial Agrees to Buy AIG Life of Canada for $308 Million
Jan 13 2009 // American International Group, Inc. (AIG) announced today an agreement to sell AIG Life Insurance Co. of Canada to BMO Financial Group. Under the terms of the transaction, BMO will acquire AIG Life of Canada for...
American Pinnacle Partners Announces Acquisition of Consolidated Special Risk Managers, Inc.
Jan 12 2009 // Seal Beach, CA and San Rafael, CA, January 12, 2009 — American Pinnacle Partners, Inc. (“APP”), a holding company of specialty insurance companies, and Consolidated Specialty Risk Managers...
Glatfelter Insurance Group Acquires Professional Underwriters
Jan 12 2009 // York, Pennsylvania-based insurance broker Glatfelter Insurance Group has acquired Professional Underwriters Co. of Exton, Pa. for an undisclosed sum. Glatfelter is one of the largest insurance brokerages in the country;...
AFCO Credit Corp. to Acquire U.S. Operations of Cananwill
Jan 9 2009 // AFCO Credit Corp. has plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corp. Glenview, Ill.-based Cananwill provides insurance premium financing for commercial property...
HCC Acquires Massachusetts-Based Lumber Underwriter, VMGU Insurance
Jan 6 2009 // Houston-based specialty insurer HCC Insurance Holdings, Inc. has acquired VMGU Insurance Agency, an underwriter of the lumber, building materials, forest products and woodworking industries. The acquisition, along with...
Brown & Brown Insurance Buys New Jersey’s Gallagher Associates
Jan 5 2009 // Florida-based insurance agency Brown & Brown, Inc. has purchased the assets of Gallagher Associates in Blackwood, New Jersey. Gallagher Associates, with annualized revenues of approximately $2.0 million, sells...
S&P Explains How Mitsui, Aioi, Nissay Merger Plans May Affect Ratings
Jan 5 2009 // Standard & Poor’s Ratings Services said today that media reports of a possible merger among Mitsui Sumitomo Insurance Group Holdings Inc., the holding company of Mitsui Sumitomo Insurance Co. Ltd. (MSI) (...
Brown & Brown Inc. Acquires Assets of Preferred Insurance Services
Jan 5 2009 // A subsidiary of Florida-based Brown & Brown Inc. has acquired the assets of Phoenix, Ariz.,-based Preferred Insurance Services LLC. Preferred Insurance Services, with annualized revenues of approximately $1.3 million,...
Brown & Brown Inc. Acquires Baker, Thomsen Associates Insurance Services
Dec 31 2008 // A subsidiary of Florida-based Brown & Brown Inc. has acquired the assets of Thomsen Associates Insurance Services of Newport Beach, Calif. Baker, Thomsen Associates Insurance Services, with annualized revenues of...
Best Sees No Rating Change for Munich Re from HSB Acquisition
Dec 29 2008 // A.M. Best Co. has commented that the financial strength rating (FSR) and issuer credit ratings (ICR) of Munich Reinsurance Company and its subsidiaries are unchanged following its agreement to acquire specialty insurer HSB...
AIG Buys $16 Billion of Collateralized Debt Obligations It Insured for Default
Dec 29 2008 // American International Group says it purchased $16 billion of complex financial instruments in an effort to reduce its exposure to insurance guarantees written against the instruments. The insurer bought investments known...
Report Japan Insurers Mitsui, Aioi and Nissay in Merger Talks
Dec 29 2008 // Japan’s Mitsui Sumitomo Insurance Group Holdings Inc, Aioi Insurance Co and Nissay Dowa General Insurance Co are in talks to merge, a company source said, in a move that would create the country’s largest...
Bollinger Acquires BK International Insurance Brokers
Dec 29 2008 // Short Hills, New Jersey-based insurance agency Bollinger Inc. has acquired BK International Insurance Brokers of Greenwich, Connecticut. The acquisition is the second this month and the fourth this quarter for Bollinger,...
Bollinger Acquires Allied Insurance Services
Dec 23 2008 // Short Hills, New Jersey-based Bollinger Inc., one of the largest insurance agencies in the country, has acquired Allied Insurance Services (AIS). As part of the acquisition, Michael M. Rossi III, principal owner of...
Zurich Insurance Says It’s Actively Looking for Acquisitions
Dec 23 2008 // Swiss insurer Zurich Financial Services Group, a serial acquirer in recent years, is not letting tighter credit markets hamper its pursuit of acquisitions, a company executive said on Monday. “Zurich is definitely in...
Scottsdale Launches Canada Partnership with Co-operators
Dec 23 2008 // Scottsdale Insurance Company has announced the launch of a partnership with “The Co-operators, the leading Canadian-owned, mutli-product insurer, to assist them in expanding their commercial lines portfolio and to...
