Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Farmers Acquisition of 21st Century Insurance Finalized
Jul 2 2009 // Los Angeles-based The Farmers Insurance Group of Companies has completed the acquisition of 100 percent of AIG’s U.S. Personal Auto Group, which includes 21st Century Insurance. In addition to 21st Century Insurance,...
American Safety Insurance Acquires Oklahoma’s Victore Insurance Co.
Jul 2 2009 // Bermuda-based American Safety Insurance Holdings Ltd. reported that its American Safety Casualty Insurance Company (ASCIC) subsidiary has acquired, for cash, Victore Insurance Company (VIC), an Oklahoma domiciled admitted...
Apex Global Partners Acquires Dallas Insurance Broker
Jun 29 2009 // Dallas-based Apex Global Partners (AGP) has acquired the Corrigan Jordan Insurance Agency, a privately owned insurance and risk management brokerage also headquartered in Dallas. Corrigan Jordan has been providing...
California Broker Lawson-Hawks Acquires Truckee Insurance
Jun 25 2009 // Mountain View, Calif.-based Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., has acquired Truckee, California Insurance Agency. Terms of the transaction were...
Di Blasi to Lead Apex Global Partners’ Austin Sales Operations
Jun 25 2009 // Apex Global Partners Inc. (AGP) has appointed Mario Di Blasi as sales director of its Austin, Texas, employee benefits operations. Di Blasi is experienced in structuring contemporary healthcare programs for Texas...
Zurich Names Schiavone to Head Global M&A
Jun 24 2009 // Zurich Financial Services Group has appointed Paul Schiavone (40, US citizen) to the position of Global Head of Mergers and Acquisitions for Global Corporate, with immediate effect. He will be responsible for developing...
Specialty Underwriters’ Alliance Extends Partner Agent Agreements
Jun 23 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. has amended its Partner Agent Program Agreements with its three largest Partner Agents – Risk Transfer Programs LLC (RTP); American Team Managers Insurance...
Tower Group to Acquire Specialty Underwriters’ Alliance of Illinois
Jun 22 2009 // New York-based Tower Group, Inc. has agreed to purchase Illinois-based specialty insurer Specialty Underwriters’ Alliance, Inc. in a transaction valued at approximately $107 million. Under the terms of that...
Aquiline to Buy Conning & Co. from Swiss Re
Jun 16 2009 // Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, said Tuesday it agreed to buy insurance services provider Conning & Co. from Swiss Reinsurance Co. Ltd. Terms of the deal were not...
Nevada Governor Signs Bill to Change Division of Insurance Funding
Jun 15 2009 // Nevada Gov. Jim Gibbons has signed a bill that will change the funding structure of the Nevada Division of Insurance and strengthen consumer protections in the area of viatical settlements. The bill, Senate Bill 426,...
Max Cap Says IPC Shareholders Have Rejected Merger Deal
Jun 12 2009 // Shareholders of Bermuda-based insurer IPC Holdings voted down a tie-up with Max Capital Group on Friday, Max said. The deal between IPC and Max, also Bermuda-based, had the approval of the boards of both companies. IPC...
New York Investment Firm, South Korean Bank to Buy AIG Buildings
Jun 10 2009 // A consortium including a New York investment firm and a Korean bank agreed to buy American International Group Inc.’s New York headquarters, the broker, CB Richard Ellis, said Tuesday. Youngwoo & Associates and...
Northeast’s ProMutual to Buy Michigan Medical Liability Insurer FinCor
Jun 10 2009 // Massachusetts-based medical liability insurance company Medical Professional Mutual Insurance Co., known as ProMutual, will acquire medical liability insurer and risk management company FinCor and its...
Arthur J. Gallagher Acquires North Carolina’s Taylor Insurance Agency
Jun 10 2009 // Illinois-based international insurance broker Arthur J. Gallagher & Co. has acquired Walker Taylor Agency of Wilmington, North Carolina. Terms of the transaction were not disclosed. Spanning five generations with...
Max Cap, IPC Propose ‘Cash Dividends’ as Part of Merger Deal
Jun 8 2009 // Bermuda-based Max Capital Group Ltd. has announced that it and IPC Holdings, Ltd. have agreed to pay two cash dividends that deliver $2.50 per share to IPC shareholders following the closing of the IPC-Max merger. The...
Wilson Elser Expands in Las Vegas with Five New Partners
Jun 5 2009 // Wilson Elser Moskowitz Edelman & Dicker LLP has expanded its office in Las Vegas with new partners Michael M. Edwards, Jennifer Willis Arledge, David S. Kahn, Jorge A. Ramirez and Sheri Thome. The new partners will...
Apex Global Partners Adds Bittner in Austin Office
Jun 5 2009 // Dallas-based Apex Global Partners Inc. has appointed Joe Bittner as managing director of the company’s Employee Benefits Division in Austin, Texas. Bittner is experienced in implementing and servicing corporate...
Amlin to Buy Fortis Dutch Corporate Insurance Unit; S&P, Best Comment
Jun 4 2009 // The UK’s Amlin plc announced that it has entered into an agreement to acquire Fortis Corporate Insurance N.V. (FCI), an important provider of corporate P/C insurance in the Netherlands and Belgium, from the Dutch...
Wells Fargo Insurance Services to Acquire Grady & Associates
Jun 4 2009 // Wells Fargo Insurance Services Inc., part of Wells Fargo & Co., announced that it has signed a definitive agreement to acquire Grady & Associates, a single office, retail insurance broker in Las Vegas. The...
Palisades Partners with NBIC to Offer New Jersey Coastal Coverage
Jun 3 2009 // Palisades Safety and Insurance Management Corp. and Narragansett Bay Insurance Co.(NBIC) have entered into an agreement allowing NBIC to offer coastal home insurance renewal quotes to former customers of Proformance...
