Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Apex Global Acquires Benefit Partners
Aug 1 2008 // Dallas-based Apex Global Partners Inc. announced it has acquired Benefit Partners and subsidiaries BP Life and Health Insurance Agency, Benefit Partners Financial Services, BP Risk Partners Insurance Agency and...
Brown & Brown Acquires Oregon-based Fullerton & Company
Aug 1 2008 // Florida-based Brown & Brown Inc. announced the stock acquisition of and Fullerton & Company Inc., of Portland, Ore. Fullerton & Company has annualized revenues of approximately $9.3 million, the announcement...
PartnerRe Amends, Extends Equity Forward Sale Agreement; Repurchases 1 Million Shares
Aug 1 2008 // Bermuda-based PartnerRe Ltd. announced that it has amended its existing forward sale agreement. Under the terms of the amendment, half the contract will mature according to its original term on October 28, 2008, while the...
N.J.’s Palisades Acquires Proformance Insurance
Aug 1 2008 // New Jersey’s Palisades Safety and Insurance Association has taken a step to expand beyond auto insurance by acquiring the National Atlantic Holdings Corp., including its subsidiary, The Proformance Insurance...
Brown & Brown Buys Ohio-based Great Lakes Risk Management
Jul 31 2008 // Brown & Brown Inc. announced the asset acquisition of Great Lakes Risk Management Inc., of Toledo, Ohio, by a subsidiary of Brown & Brown. Great Lakes Risk Management, with annual revenues of approximately $1...
Zurich Acquires German Insurer
Jul 31 2008 // The Zurich Financial Services Group announced that its subsidiary, Zürich Beteiligungs-AG (Deutschland), has agreed to acquire 100 percent of the private accident insurer Baden-Badener Versicherung AG. Zurich said the...
Acquisitions, Lower Premiums Affect Hilb Rogal & Hobbs Q2
Jul 31 2008 // Richmond, Virginia-based insurance broker Hilb Rogal & Hobbs, which is in the process of being acquired by bigger insurance broker Willis, reported revenues were up 5.3 percent while net income plummeted for the...
Safeco Shareholders Approve Liberty Mutual Merger
Jul 30 2008 // The shareholders of Safeco Corporation (NYSE:SAF) today voted overwhelmingly to approve the merger agreement entered into on April 23, 2008 with Liberty Mutual Group. Of those Safeco shareholders who voted, 99.5 percent...
PartnerRe to Release Q2 Results Today; Conference Call Details
Jul 28 2008 // Bermuda-based PartnerRe Ltd. will release its 2008 second quarter and half year results after the market close today, Monday, July 28. PartnerRe senior management will conduct a dial-in conference call, which will include...
Max Capital to Acquire Imagine’s Lloyd’s Vehicle
Jul 25 2008 // Max Capital Group Ltd. reports it has agreed to acquire Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Co. Limited (“Imagine”). The agreement also includes the...
Arthur J. Gallagher Acquires Tennessee-based Gale Smith & Co.
Jul 24 2008 // Itasca, Ill.-based Arthur J. Gallagher & Co. acquired Gale Smith & Company, Inc. of Brentwood, Tennessee. Terms of the transaction were not disclosed. Established in 1868, Gale Smith & Co. is a retail...
Cypress Premium Funding Appoints Castro Director of Sales
Jul 24 2008 // Rudy Castro was appointed director of sales for Cypress Premium Funding Inc. His expanded role will lead development of new business relationships as well as oversee future marketing campaigns.
Price a Sticking Point for Bermuda Insurers Looking to Buy Entry into Lloyd’s Market
Jul 23 2008 // A handful of Bermuda insurers see an opportunity to expand their horizons by entering the Lloyd’s of London insurance market, but their interest of late has waned as prices of potential target companies have...
Tokio Marine to Acquire Philadelphia Insurance for $4.7 Billion
Jul 23 2008 // Japan’s Tokio Marine Holdings, Inc. reported that it has agreed to acquire all outstanding shares of Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and...
Florida-based North American Risk Services Buys Unisource Tallahassee
Jul 22 2008 // Headquartered in Maitland, Florida, North American Risk Services purchased the Tallahassee divisional assets of Unisource Administrators from Claimetrics Inc. NARS is a national provider of property and casualty...
Mutual Assurance Acquires Tennessee-based Pittman & Associates
Jul 22 2008 // Mutual Assurance Administrators Inc. (MAA) of Oklahoma City has acquired Pittman & Associates Inc. (P&A) of Tennessee. Mutual Assurance Administrators Inc. is a third-party administrator specializing in...
Apex Global Partners Names Packer CFO and Brock COO
Jul 17 2008 // Ian Packer has been named partner and chief financial officer, and Scott Brock was named partner and chief operating officer of national insurance broker and employee benefits/human resources consultant Apex Global...
Gibraltar Group Partners With Kroll for Background Screening Services
Jul 17 2008 // Lubbock, Texas-based The Gibraltar Group is partnering with risk consulting firm Kroll, to provide comprehensive background screening services to The Gibraltar Group’s customers. The Gibraltar Group’s customers...
Zurich Eyes Latin America; Buys Majority Stakes in Brazilian Insurers
Jul 17 2008 // Zurich Financial Services Group reported that its Brazilian subsidiary Zurich Participações e Representações Ltda., has agreed to acquire 87.35 percent of shares in Companhia de Seguros Minas Brasil, a BOVESPA-listed...
PointSure Acquires Black/White & Associates
Jul 17 2008 // Seattle-based SeaBright Insurance Holdings Inc. announced that its subsidiary, PointSure Insurance Services Inc., has acquired Black/White & Associates of Nevada, Black/White & Associates Inc. and...
