Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Gallagher Acquires Roberts & Roberts Insurance in North Carolina
Nov 6 2008 // Insurance broker Arthur J. Gallagher & Co. reports it has acquired Roberts & Roberts Insurance Service, Inc. in Greensboro, North Carolina. Terms of the transaction were not disclosed. Formed in 1994, Roberts...
Employers Holdings Acquires AmCOMP
Nov 3 2008 // Reno, Nev.-based Employers Holdings Inc., a Nevada-based company whose subsidiaries are specialty providers of workers’ compensation insurance specializing in small businesses, has acquired AmCOMP Inc. in a...
Fireman’s Fund Insurance Named Energy Star Partner
Nov 3 2008 // Novato, Calif.-based Fireman’s Fund Insurance Co. has become an Energy Star partner. The partnership, the first for an insurance company, recognizes the company’s leadership in promoting environmental...
Swiss Re Completes Barclay’s Life Acquisition
Nov 3 2008 // Swiss Re has completed the acquisition of Barclays Life Assurance Company Ltd. for a cash purchase price of £762 million ($1.235 billion). Swiss Re noted that the transaction was first announced on August 5, 2008 and...
Zurich in Joint Venture with Abu Dhabi National Takaful Company PSC
Nov 3 2008 // Zurich Financial Services Group announced that it has signed an agreement to establish a joint venture company with United Arab Emirates (UAE)-based Abu Dhabi National Takaful Company PSC (TAKAFUL) and create a new family...
AIG’s Aircraft Leasing Unit Approved for Federal Funding Facility
Nov 3 2008 // American International Group Inc.’s aircraft leasing unit has been approved to participate in the U.S. Federal Reserve’s commercial paper funding facility. International Lease Finance Corp, in a filing with the...
Commercial P/C Insurers’ Stocks Down 14%; M&A Activity at Historic Highs
Nov 2 2008 // Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector. M&A Activity: Despite the current...
Maryland Merger: Warfield-Dorsey Joins HMS Insurance
Oct 31 2008 // Two long-time Baltimore area insurance agencies have combined forces. Warfield-Dorsey Co., Inc. of Hunt Valley, Maryland, has merged with HMS Insurance Associates Inc., a privately held independent insurance agency in...
Oklahoma Gets HUD Funding to Aid in Disaster Recovery
Oct 30 2008 // The state of Oklahoma will get nearly $1.8 million to help pay for recovery efforts from spring storms, tornadoes and flooding in four counties. U.S. Housing and Urban Development Secretary Steve Preston announced Tuesday...
Tennessee’s Appalachian Underwriters Acquires Business Insurance Center
Oct 29 2008 // Oak Ridge, Tenn.-based Appalachian Underwriters Inc. acquired the business insurance center assets of NFIB, from MSC Insurance Agency of Tennessee LLC. NFIB is a small business association representing small and...
Best Upgrades Darwin Group’s Ratings after Acquisition by Allied World
Oct 29 2008 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of the...
DarwinPro Merger with Allied World a Done Deal
Oct 21 2008 // Alleghany Corp. reports that the previously announced merger of its subsidiary Darwin Professional Underwriters, Inc. with Allied World Assurance Co. Holdings, Ltd. has been completed. Under the terms of the transaction,...
Illinois Company Involved in Lawsuit Against Brooke Buys 44.3% of Stock
Oct 21 2008 // An Illinois company connected to a bank involved in the lawsuit of the parent company of Brooke Corp. has taken control of 44.3 percent of Brooke’s stock. Trim Creek LLC of Crete, Ill., now owns 6.43 million shares...
Wells Fargo Acquires Emar Group
Oct 20 2008 // San Francisco-based Wells Fargo Insurance Services, part of Wells Fargo & Co., has acquired the EMAR Group, an independently owned commercial insurance agency headquartered in Livingston, N.J., with an office in...
Collins, Especializada Re Form Brazil Partnership
Oct 16 2008 // Minneapolis-based Collins and Brazil’s Especializada Re have entered into an agreement under which the two companies will serve as exclusive correspondent brokers for the placement of reinsurance for insurance...
Confie Seguros Acquires Alamo Auto Insurance Group
Oct 16 2008 // Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired auto insurance brokerage Alamo Auto Insurance. The acquisition of San Antonio-based Alamo expands Confie...
Glens Falls Bank to Acquire New York’s Upstate Agency
Oct 15 2008 // Arrow Financial Corp. reported that its Arrow’s lead subsidiary, Glens Falls National Bank and Trust Co., agreed to acquire Upstate Agency, Inc., an independent property and casualty insurance agency headquartered in...
PartnerRe Releases Preliminary Q3, 9-Month Financial Figures
Oct 13 2008 // Bermuda-based PartnerRe Ltd. has released its preliminary estimates of Non-Life combined ratios and shareholders’ equity for the three and nine months ending September 30, 2008. The Company estimated its Non-Life...
Florida-based Brown & Brown Acquires Al Phillips Insurance Agency
Oct 13 2008 // Florida-based Brown & Brown, Inc. announced the asset acquisition of Al Phillips Insurance Agency Inc. of Nashville, Tenn., by a subsidiary of Brown & Brown Inc., according to C. Roy Bridges, regional executive...
Arthur J. Gallagher & Co. Acquires Fuller & O’Brien Inc.
Oct 13 2008 // Insurance brokerage and risk management firm Arthur J. Gallagher & Co. has acquired Albany, New York-based insurance broker Fuller & O’Brien Inc. for an undisclosed sum. Fuller & O’Brien, fouded...
