Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ACE China Partner to Offer Pollution Coverage
Mar 31 2008 // The ACE Group of Companies announced that Huatai Insurance Company of China Limited, an ACE Group strategic partner, has received approval from the China Insurance Regulatory Commission (CIRC) to become one of the first...
Western Agents Association Partners With MexiPass Insurance
Mar 26 2008 // The Western Insurance Agents Association has engaged in a partnership with MexiPass Global Assurance, a Mexican insurance providers. MexiPass programs are underwritten by AIG-Mexico to introduce a new opportunity...
Castle Inspection Service Announces Partnership with Myriad Development, Inc.
Mar 24 2008 // Partnership Means Increased Inspection Management Options Salt Lake City, Utah (March 24, 2008) – Castle Inspection Service, a Division of Overland Solutions, Inc. (Castle) and Myriad Development, Inc. are pleased to...
Arthur J. Gallagher Acquires Healthcare Risk Solutions of Pa.
Mar 21 2008 // Illinois-based Arthur J. Gallagher & Co. reports it has acquired Healthcare Risk Solutions, LLC headquartered in Fort Washington, Pennsylvania. Terms of the transaction were not disclosed. Founded in 2002, Healthcare...
Ping An Buys Half of Fortis Asset Arm
Mar 20 2008 // China’s Ping An Insurance Co Ltd. deepened its ties with Belgian-Dutch financial group Fortis on Wednesday by buying half its asset management business for €2.15 billion ($3.4 billion). Ping An, China’s...
New York Regulators Urge Homeowners to Buy Flood Insurance
Mar 19 2008 // The Insurance Department of New York is telling property owners they “should act now” to buy flood insurance, as saturated ground conditions could worsen with heavy spring rains and increase the potential for...
Abacus, ACE USA Partner for Online Foreign Event Program
Mar 18 2008 // Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through abacus.net, has named ACE USA as its package carrier for the Abacus Foreign Event Program....
Max Cap to Buy U.S. Admitted Insurer
Mar 17 2008 // Max Specialty Insurance Company, of Richmond, Virginia, the U.S. excess and surplus lines unit of the Bermuda-based Max Capital Group Ltd., announced that it has agreed to acquire a U.S.-based admitted insurance company...
Arthur J. Gallagher Acquires Oklahoma’s Bankers Financial Benefits
Mar 14 2008 // Arthur J. Gallagher & Co. announced it has acquired Bankers Financial Benefits of Oklahoma City, Okla. Terms of the transaction were not disclosed. Established in 2001, Bankers Financial Benefits offers employee...
Bill to Increase Funding for Road Repair Passes Oklahoma House
Mar 14 2008 // Citing a new national study showing that major roads in Oklahoma’s metro centers are among the worst in the U.S., State Rep. Mike Thompson announced that House Bill 3342 – which would require that all car tag...
N.J.’s Palisades Insurance Acquiring National Atlantic, Proformance
Mar 13 2008 // A subsidiary of Palisades Safety and Insurance Association reported that it plans to acquire National Atlantic Holdings Corp., including its subsidiary, The Proformance Insurance Co. Under the terms of the agreement, each...
Zurich Services Corp. Partners with OSHA Fast Fix for Workplace Safety
Mar 13 2008 // Schaumburg, Ill.-based Zurich Services Corp.’s risk engineering division recently announced that it is collaborating with OSHA Fast Fix to help Zurich customers improve workplace safety, address the causes of...
Best Affirms Nationwide Financial’s Ratings; Comments on Acquisition
Mar 12 2008 // As indicated in the previous article (See above), A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of the core...
North Carolina’s Global Risk Holdings Acquires North American Risk
Mar 12 2008 // Raleigh, N.C.-based Global Risk Holdings acquired Maitland, Fla.-based North American Risk Services from Clarendon National Insurance Co., according to NARS officials. Global Risk Holdings, in conjunction with members of...
Cayman Islands Investment Group Aims to Acquire Washington Insurer
Mar 11 2008 // Washington’s Office of the Insurance Commissioner has scheduled a March 19, 2008, hearing to consider an investment group’s request to acquire a controlling interest in a Bellevue, Wash.-based property-casualty...
Brunning Named Sr. VP, Regional Partner for Willis Group of Louisiana
Mar 6 2008 // Willis Group Holdings has appointed Nigel Brunning as senior vice president and regional partner for Willis of Louisiana Inc., the company announced. Brunning’s responsibilities include branch management of...
AXA UK Offers to Acquire SBJ Group
Mar 5 2008 // AXA Advisory Holdings announced that it has made a formal offer to purchase 100 percent of the share capital of SBJ Group. The offer has been unanimously recommended by the Board of SBJ and will be submitted to its...
CNinsure Acquires 60% Stake in Liaoning Gena
Mar 4 2008 // Chinese independent broker CNinsure Inc. announced the acquisition of a 60 percent stake in Liaoning Gena Insurance Agency Co., Ltd., thereby extending its market presence to Liaoning Province in northeast China. Earlier...
Argo Group’s Trident Buys New England’s Massamont Agency
Mar 4 2008 // Trident Insurance Services, a unit of specialty insurer Argo Group International Holdings Ltd., reports it has acquired Massachusetts-based Massamont Insurance Agency, Inc., which specializes in insurance programs for...
Wells Fargo Acquires Insurance Brokers of America in St. Louis
Feb 28 2008 // Wells Fargo Insurance Services, Inc., a bank-owned insurance brokerage and a subsidiary of Wells Fargo & Co., reports it has acquired St. Louis-based Insurance Brokers of America (IBA). IBA partners Robert Concannon,...
