Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown Acquires Small Business Unit of N.J.’s Conner Strong
Nov 18 2008 // Florida- based Brown & Brown, Inc. said it it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey. The small business insurance...
Hartford, 3 Other Insurers Seek to Buy Thrifts to Obtain Bailout Funds
Nov 17 2008 // Four insurance companies on Friday asked the government to allow them to buy thrifts so they can qualify to receive federal money under the financial rescue program. Hartford Financial Services Group Inc., Genworth...
Iroquois Expands Managing Partner’s Region to Kansas and Missouri
Nov 17 2008 // The Iroquois Group recently announced that Managing Partner Philip Dawson’s management responsibilities have been expanded to incorporate the states of Kansas and Missouri. He currently handles Iroquois’ Great...
Brown & Brown Announces Asset Acquisition of Agency Associates
Nov 14 2008 // J. Scott Penny, regional executive vice president of Brown & Brown, Inc., and Frederick W. “Fred” McClaine, B. Michael Haffey and Ronald L. “Ron” Smith, principals of Agency Associates, Inc.,...
ING Canada CEO Eyes Acquisitions
Nov 13 2008 // ING Canada is in a good position to make an acquisition and has the financial muscle to acquire pretty well any property and casualty insurer in Canada, the chief executive of the home and auto insurer said...
Illinois’ Archer Daniels Midland Co. Acquires Shares of Agriserve Inc.
Nov 12 2008 // Archer Daniels Midland Company announced on Nov. 11 that its wholly owned subsidiary, Agrinational Insurance Company, has acquired 50 percent of the shares of Agriserve Inc. (ASI). Agrinational has also acquired an option...
Equity Risk Partners Adds Hennessy to Management Team
Nov 11 2008 // San Francisco-based Equity Risk Partners Inc. (ERP), a full service insurance brokerage and Kim Hennessy senior managing director of the company’s Property/Casualty Practice. In her new position, Hennessy will be...
Farmers Insurance Partners with Utah Gang Investigator Association
Nov 10 2008 // Recognizing the growing menace of gangs in Utah, Farmers Insurance Group of Companies has partnered with the Utah Gang Investigator Association and Law enforcement agencies through the sponsorship of a parent guidebook to...
S&P Affirms PartnerRe’s ‘AA-‘ Ratings and Stable Outlook
Nov 10 2008 // Standard & Poor’s Ratings Services has affirmed its ‘A’ counterparty credit rating on Bermuda-based reinsurance holding company Partner Re Ltd. and its ‘AA-‘ counterparty credit and...
Max Cap Completes Lloyd’s Acquisition
Nov 10 2008 // The Bermuda-based Max Capital Group has completed the previously announced acquisition of Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Company Limited. “Imagine...
Atlanta-Based Ebix Buys Insurance Certificate Service ConfirmNet
Nov 10 2008 // Atlanta-based insurance software developer Ebix, Inc. has agreed to acquire San Diego based ConfirmNet Corp. effective Nov. 1, 2008. The closing is expected subject to the merger being ratified by the ConfirmNet...
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...
