Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
North Carolina’s TriSure Adds Sokolowski as Partner
Oct 13 2008 // The partners of Raleigh, N.C.-based TriSure, an independently owned insurance brokerage and consulting firm, appointed Kurt Sokolowski to its leadership team. A client executive at TriSure since 2004, Sokolowski has...
York Insurance Services Group, Inc. Acquires Site Inspections LLC, Now Offering Nationwide Loss Control Services
Oct 10 2008 // PARSIPPANY, N.J., (October 10, 2008) – York Insurance Services Group, Inc., a premier national provider of insurance services, including claims handling, specialized loss adjusting, managed care, insurance pool...
ISU-Roger Stone Agency Acquires HMS Services Insurance Agency, Inc.
Oct 7 2008 // Los Angeles, Ca. – ISU Insurance Services-The Roger Stone Agency, acquired the assets of HMS Services Insurance Agency, Inc. The sale was finalized on September 30, 2008. Terms of the transaction were not...
Swiss Re Partners with CelsiusPro for Weather Derivatives
Oct 3 2008 // Swiss Re announced a partnership with Zurich-based CelsiusPro to offer weather risk transfer solutions to European companies. Swiss Re said it would “provide the risk capacity and expertise to support...
Wells Fargo Agrees to Buy All Wachovia Operations; Citi Deal Off?
Oct 3 2008 // Wells Fargo & Co. said it agreed to buy Wachovia Corp. for about $15.1 billion, without U.S. government help, thwarting a planned Citigroup Inc deal that had been seen as big boost for both Citi and Wachovia. Wells...
Florida-based Main Street America Acquires Great Lakes Casualty
Oct 2 2008 // The Main Street America Group, based in Jacksonville, Fla., completed its acquisition of Great Lakes Casualty Insurance Co., a Michigan-domiciled private passenger auto insurance carrier, from Newco Financial Holdings...
Willis Completes HRH Acquisition
Oct 1 2008 // Willis Group Holdings Limited has completed its $2.1 billion acquisition of Hilb Rogal & Hobbs Company (HRH), one of the world’s largest insurance and risk management intermediaries. The move doubles...
Provider Insurance in Mass. Buys Gorman Agency Accounts
Sep 30 2008 // Needham, Mass.-based Provider Insurance Group, Inc. has acquired the James Gorman Insurance Agency’s personal lines of insurance. The acquisition includes about 300 accounts of personal lines of insurance and 80...
Florida-based United Insurance and FMG Acquisition Merge
Sep 30 2008 // Farmington Conn.-based FMG Acquisition Corp.’s stockholders approved a merger with United Insurance Holdings L.C., a Florida based homeowners underwriter and selected small business insurer. As a result of the Sept....
Bermuda’s Argo Buys lllinois-Based Professional Liability Manager Insight
Sep 30 2008 // Bermuda’s Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products in the property and casualty market, has acquired privately held Insight Insurance...
Equity Risk Partners Opens New York Office; Expands Nationwide
Sep 30 2008 // Equity Risk Partners, Inc. (ERP), the only full service insurance brokerage and consulting firm focused exclusively on the private equity industry, has opened the doors to its new Manhattan office in conjunction with a...
Wachovia Insurance Services not Included in Citigroup Acquisition
Sep 30 2008 // In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the government agency that insures the country’s bank...
Apex Global Partners Acquires Austin’s Global Benefit Solutions
Sep 25 2008 // Apex Global Partners announced it has acquired Austin, Texas-based employee benefits broker and human resources consultant, Global Benefit Solutions. Global Benefit Solutions provides health and welfare insurance brokerage...
Allstate Names O’Brien to Lead Motor Club, Partnership Marketing Group
Sep 24 2008 // Northbrook, Ill.-based the Allstate Corp. recently announced that Patrick M. O’Brien will lead the combined entities of Allstate Motor Club (AMC) and Partnership Marketing Group (PMG) as president. He will also serve...
Liberty Mutual Group Completes Safeco Acquisition
Sep 24 2008 // Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic reach, the transaction...
PartnerRe Ike Claims at $175-$200 Million; Lowers Gustav Estimates
Sep 24 2008 // Bermuda’s PartnerRe Ltd. announced that its early estimate of claims relating to its exposure to Hurricane Ike is currently between $175-$210 million on a pre-tax basis, net of reinstatement premiums. The bulletin...
Confie Seguros Acquires West Coast Auto Insurance Services
Sep 24 2008 // Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired auto insurance brokerage West Coast Auto Insurance Services. The acquisition broadens Confie Seguros’ presence...
Liberty Mutual Acquisition of Safeco to Close Sept. 22
Sep 19 2008 // Liberty Mutual Group announced that the Washington insurance commissioner has approved Liberty Mutual’s acquisition of Safeco, which was the last approval required for Safeco’s acquisition by Liberty...
North Carolina County to Buy Flood-damaged Homes
Sep 19 2008 // Mecklenburg County, N.C. could spend more than $4 million to buy as many as 50 homes that suffered serious flood damage after Tropical Storm Fay and other storms. The Charlotte Observer reported Sept. 17 the voluntary...
Zurich Completes Banco Sabadell Insurance Partnership Deal
Sep 19 2008 // Zurich Financial Services Group announced the completion of the acquisition of a 50 percent stake in the insurance operations of Spain’s Banco Sabadell S.A. and the establishment of a long-term strategic distribution...
