Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Aon, Inmarsat in Space Partnership
Sep 19 2008 // In the face of rising space insurance premiums (up at least 15 percent), Aon announced that it has “worked with Inmarsat to maintain pre-increase pricing for the successful launch of its I-4F3 satellite on board a...
Gallagher & Co. Acquires San Antonio’s Summit Insurance Group
Sep 18 2008 // Illinois-based Arthur J. Gallagher & Co. announced it has acquired Summit Insurance Group in San Antonio, Texas. Terms of the transaction were not disclosed. Established in 1997, Summit Insurance Group offers a wide...
Gallagher Acquires UK’s Oxygen Insurance Managers
Sep 17 2008 // Oxygen Holdings Plc, a London market insurance intermediary, and Arthur J Gallagher (UK) announced the sale of Oxygen’s underwriting subsidiary, Oxygen Insurance Managers Ltd. (OIM) to Gallagher (UK), for an...
PartnerRe Estimates Gustav Losses Between $25 to $45 Million
Sep 12 2008 // Bermuda-based PartnerRe Ltd. announced that its preliminary estimate of claims relating to its exposure to Hurricane Gustav are currently expected to be between $25 and $45 million on a pre-tax basis, net of reinstatement...
Arthur J. Gallagher & Co. Acquires California Insurance Center
Sep 12 2008 // Arthur J. Gallagher & Co. has acquired California Insurance Center, Inc. of Lafayette, Calif. Terms of the transaction were not disclosed. Founded in 1929, California Insurance Center Inc. is a retail insurance broker...
Armstrong/Robitaille/Riegle Acquires Balance Insurance Agency
Sep 11 2008 // Orange, Calif.-based Armstrong/Robitaille/Riegle Business and Insurance Solutions has acquired Balance Insurance Agency of Irvine, Calif. Balance Insurance Agency was founded in 1991 as a specialty agency. Its excellent...
