Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
S&P to Review Sompo, NIPPONKOA Ratings on Merger Plans
Mar 12 2009 // Standard & Poor’s Ratings Services has said that a management consolidation plan between Sompo Japan Insurance Inc. (AA-/Stable/–) and NIPPONKOA Insurance Co. Ltd. (A+/Stable/–) could impact its...
Auto Club Insurance to Buy GMAC Affiliate MEEMIC in Michigan
Mar 5 2009 // Auto Club Insurance Association, a Dearborn, Michigan-based insurer, reported it has agreed to acquire MEEMIC Insurance Co. and its insurance agency affiliate, MEEMIC Insurance Services Corp. ACIA is the second largest...
AmWINS Acquires 3 Medical Stop Loss Insurance Wholesale Brokers
Mar 5 2009 // Charlotte, North Carolina-based insurance wholesale brokerage AmWINS Group, Inc. has acquired three medical stop loss wholesalers in three separate regions of the country. The firms acquired are American Stop Loss...
Missouri’s Ascension Insurance Buys Florida’s Bartlett Agency
Mar 5 2009 // Kansas City-headquarted Ascension Insurance, Inc. has acquired Dennis Bartlett agency of Fort Lauderdale, Florida. The Bartlett agency specializes in medical malpractice coverage and will join Employers Mutual, Inc., a...
National City Banks Sells 2 Florida Insurance Agencies
Mar 4 2009 // An independent holding company owned by an insurance industry veteran has purchased Harbor Insurance Agency and Florida Consolidated Agency, both former wholly owned subsidiaries of National City Bank. The new owner, Tom...
Group to Buy Land to Stop Flooding in 2 Northwest Ohio Towns
Mar 4 2009 // A group looking for ways to prevent another serious flood in northwest Ohio said it will use $3 million in state aid to buy homes and land along the Blanchard River in two hard-hit towns. Buying the low-lying properties in...
Brown & Brown Acquires One Source Insurance of Indiana
Mar 3 2009 // Giant insurance broker Brown & Brown Inc. has acquired an Indiana-based agency with $1.3 million in revenues. Brown & Brown acquired the assets of One Source Insurance, Inc. of Noblesville, which sells individual...
Reinsurance Broker Guy Carpenter to Acquire Collins
Mar 2 2009 // Guy Carpenter Co., a leading risk and reinsurance specialist, has agreed to acquire John B. Collins Associates, Inc., a privately-held company and the seventh largest reinsurance intermediary in the world. Guy Carpenter...
Prudential In Lead to Acquire AIG Japanese Life Insurance Units
Feb 20 2009 // Prudential Financial Inc. is leading the race to buy two Japanese life insurers put on sale by American International Group Inc. in a deal due to close next week, sources familiar with the matter said on Friday. AIG Edison...
UK’s Prudential Sells Taiwan Insurance Units
Feb 20 2009 // Taiwan’s China Life will buy most of Prudential Plc’s local insurance business, with the UK firm taking around a 10 percent stake in China Life, valued at T$2.18 billion ($64 million), the companies said. The...
Unitrin Insurance Completes Acquisition of Direct Response for $200M
Feb 18 2009 // Trinity Universal Insurance Co., a Unitrin, Inc. subsidiary, has completed its previously announced acquisition of Direct Response Corp. and its subsidiaries in a cash transaction valued at approximately $200...
