Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The NIA Group Acquires Benefits Team
Oct 1 2009 // New Jersey-based brokerage The NIA Group has acquired J. Lindsay Fuller, CLU Inc. and USC Administrative Services, an employee benefits operation based in Moorestown, New Jersey. As part of the asset acquisition, J....
Aflac Completes Acquisition of Continental American Insurance
Oct 1 2009 // Insurer Aflac Inc. has completed its acquisition of Continental American Insurance Co. (CAIC). The company said the purchase of CAIC for $100 million was funded with internal capital. The deal adds group workplace policies...
Willis Acquires 100% of Argentina Business
Sep 30 2009 // Willis Group Holdings has completed the purchase of 100 percent of the share capital of Herzfeld Willis S.A. (Retail operation) and Willis S.A. (Reinsurance operation) in Argentina. The business will now be known as Willis...
PartnerRe to Pursue Acquisition of the Remainder of PARIS RE Shares
Sep 29 2009 // Bermuda-based PartnerRe Ltd. announced that it has entered into definitive agreements amending the acquisition structure of PARIS RE Holdings Limited (Euronext:PRI), the French-listed, Swiss-based diversified reinsurer...
PartnerRe Shareholders Approve Details of PARIS RE Acquisition
Sep 25 2009 // Bermuda-based PartnerRe Ltd. announced that its shareholders, at a Special General Meeting, have approved all of the proposals unanimously recommended by the Company’s Board of Directors to effect the Company’s...
Marsh Acquires Bermuda Captive Management Advisory Company
Sep 18 2009 // Marsh Inc. announced it has completed the acquisition of International Advisory Services Ltd. (IAS), the largest independent manager of captive and third-party insurance companies in Bermuda. Terms of the transaction were...
Washington State’s Feek Financial Partners with Conover Insurance
Sep 17 2009 // Washington’s Feek Justice Financial has entered into a partnership with personal and commercial lines indeodnent agency, Conover Insurance. As a result of the new partnership, Conover Insurance has established a...
Equity Risk Partners Launches New Infrastructure, Privatization Group
Sep 17 2009 // Equity Risk Partners (ERP) has launched a new practice unit — the Infrastructure and Privatization Group. ERP, a full service insurance brokerage and risk management consulting firm, based in San Francisco, focuses...
QBE Acquires CIGNA Student, Sports Accident Book
Sep 16 2009 // New York-based QBE has acquired the CIGNA special risk, student and sports accident insurance book of business. This portfolio provides medical expense coverage for students, athletes and participants in camps, clubs, day...
Hawaii Group Buys Hurricane Insurer Zephyr from Kingsway
Sep 11 2009 // Toronto-based Kingsway Financial Services Inc. has agreed to sell Zephyr Insurance Co., Inc. to Zephyr Acquisition Co., an acquisition vehicle of Ocean Harbor Holding Inc. and MP Holdings LLC, a Hawaiian based investor...
Aon, Partner Re Release Latest Hazard & Risk Review at Monte Carlo
Sep 9 2009 // Aon Benfield and PartnerRe have released their annual re/insurance industry report, Hazard & Risk Science Review 2009, which showcases the latest developments in the field of natural hazard and risk science. The...
AmWINS Acquires Group Benefits Unit from Willis HRH
Sep 9 2009 // Charlotte, North Carolina-based national wholesale insurance broker AmWINS Group, Inc. has acquired The Managing Agency Group- Employee Benefits, a division of insurance broker Willis HRH. MAG-EB is a wholesale broker of...
Validus Completes IPC Acquisition
Sep 8 2009 // Bermuda-based Validus Holdings, Ltd. announced that it has completed its acquisition of IPC Holdings, Ltd., which Validus said, creates, “a leading carrier in the Bermuda short-tail reinsurance and insurance...
Aon Urges Ship Owners to Buy K&R Now, as Pirates Renew Attacks
Sep 4 2009 // A bulletin from Aon’s London office urges ship owners looking for kidnap and ransom coverage to “seek quotes now before an improvement in weather lures Somalian pirates back into the waters,” following a...
Willis Exec Sees Insurance M&A Activity Increase in 2010
Sep 4 2009 // The insurance industry will see a pickup in mergers & acquisitions (M&A) activity in 2010, according to Tony Ursano, CEO of Willis Capital Markets & Advisory, a unit of Willis Group Holdings. Ursano made his...
SureTec Financial to Buy Back HCC’s Interest in Company
Sep 1 2009 // Houston-based SureTec Financial Corp., sole owner of SureTec Insurance Company and other subsidiaries providing services to the construction and surety industries, announced plans to repurchase the 23.7 percent of SureTec...
Brown & Brown Acquires Benefits Unit of Roussel Agency of Tennessee
Aug 31 2009 // Florida-based insurance agency Brown & Brown has acquired the group employee benefits division of Roussel & Associates of Brentwood, Tennessee. The group employee benefits division, which has annualized revenues...
AmTrust to Buy Workers’ Compensation Unit CyberComp from Swiss Re
Aug 27 2009 // New York-based AmTrust Financial Services, Inc. has agreed to acquire CyberComp, the workers’ compensation business unit of Swiss Re, in a renewal rights transaction. Serving the workers’ compensation needs of...
Tennessee’s First Horizon to Acquire Sandlin Insurance Agency
Aug 27 2009 // First Horizon Insurance Group, Inc., a subsidiary of First Tennessee Bank, the principal subsidiary of First Horizon National Corp., reports it has agreed to acquire the insurance business of Sandlin Insurance Agency...
PartnerRe Files ‘Definitive Proxy Statement’ on PARIS RE Acquisition
Aug 25 2009 // Bermuda-based PartnerRe Ltd. Has filed a Definitive Proxy Statement with the Securities and Exchange Commission announcing a Special General Meeting of PartnerRe shareholders on Thursday, September 24, 2009. This Special...
