Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub International Acquires JRN Benefits
Jan 7 2008 // Hub International Ltd. announced that Hub International of California Insurance Services Inc. (HUB California) has acquired JRN Benefits, Inc. Financial terms of the acquisition were not disclosed. Based in Santa Barbara,...
White Mountains Acquires Helicon Re
Jan 7 2008 // Bermuda-based White Mountains Insurance Group, Ltd. announced that its subsidiary White Mountains Re has acquired Helicon Re Holdings, Ltd. for approximately $150 million. Helicon Re Holdings is the parent of Helicon...
Ala.: Birmingham’s Casualty & Surety Buys JC Shannon Insurance
Jan 4 2008 // Birmingham, Ala.-based property and casualty brokerage firm, Casualty & Surety Inc., acquired JC Shannon Insurance Services Inc., of Fresno, Calif. JC Shannon specializes in truck physical damage and cargo coverage,...
QBE Americas to Acquire North Pointe
Jan 4 2008 // Australia’s QBE announced that it has signed a definitive agreement to acquire North Pointe Holdings Corporation, a NASDAQ listed, US-based P/C insurance group. The acquisition is subject to the approval of...
Arthur J. Gallagher Acquires Wholesaler AVRECO
Jan 4 2008 // Arthur J. Gallagher & Co. recently announced the acquisition of AVRECO, based in Chicago, from The Park Group, Inc. The transaction was effective Dec. 31, 2007 and terms were not disclosed. Founded in 1962, AVRECO is...
Arrowhead’s Merger is Complete For its Workers’ Compensation Program
Jan 3 2008 // San Diego, CA – ARROWHEAD General Insurance Agency, Inc. is pleased to announce that effective January 1, 2008, the company will have completed the integration of Cypress Point-Arrowhead General Insurance Agency,...
Brown & Brown Acquires Okla.-based Turner & Associates
Jan 3 2008 // Through a subsidiary, Brown & Brown Inc. has acquired Tecumseh, Okla.-based Turner & Associates Insurance Agency Inc., the companies announced. Turner & Associates, with annualized revenue of approximately...
HCC Acquires MultiNational Underwriters; Approved for Lloyd’s Syndicate
Jan 3 2008 // Houston-based HCC Insurance Holdings Inc. announced it acquired Indianapolis, Ind.-based MultiNational Underwriters LLC (MNU), which specializes in international life, accident and health insurance, offering coverage to...
Swett & Crawford Group Acquires Ark. Workers’ Comp Brokerage
Jan 3 2008 // Wholesale insurance intermediary Swett & Crawford Group Inc., reported the acquisition of Little Rock, Ark.-based Risk Reducers LLC, a wholesale insurance broker specializing in workers’ compensation. Based in...
R.E. Chaix & Associates Acquires Katie Freeman Insurance Services
Jan 3 2008 // R.E.Chaix & Associates Insurance Brokers Inc. has agreed to purchase Katie Freeman Insurance Services Inc., according to Timothy Chaix, president of R.E.Chaix & Associates and Katie Freeman. Neither...
Atlantic American Sells P/C Business to Missouri’s Columbia Mutual
Dec 28 2007 // Atlanta-based Atlantic American Corp. has agreed to sell its property/ casualty unit to Columbia Mutual Insurance Co. of Columbia, Missouri, part of the Columbia Insurance Group. The regional property and casualty business...
AXA to Buy 36.7 % Stake in Russia’s RESO
Dec 27 2007 // France’s AXA Group announced that it has reached an agreement with the shareholders of Russia’s second largest insurance agent network, Reso Garantia (RESO), to acquire a 36.7 percent stake in the company for a...
Allianz Sells Property Portfolio to Whitehall Funds for $2.45 Billion
Dec 21 2007 // Allianz Immobilien GmbH, a real property investment subsidiary of German insurer Allianz SE, has sold a portfolio of commercial property worth some €1.7 billion ($2.45 billion) to subsidiaries of the Whitehall Funds,...
Arthur J. Gallagher Acquires School Specialist Koster Insurance in Mass.
Dec 20 2007 // Insurance broker Arthur J. Gallagher & Co. reports it has acquired Koster Insurance Agency, Inc. of Quincy, Mass. Terms of the transaction were not disclosed. Founded in 1994, Koster Insurance Agency, Inc. specializes...
Wells Fargo Buys 4 Agencies
Dec 20 2007 // Wells Fargo & Co.’s Wells Fargo Insurance Services Inc. reports it has bought four insurance agencies. The insurance brokerage acquired Technology Insurance Services Inc., Redwood City, Calif; Rogers &...
Edgewood Partners Makes Two Appointments
Dec 20 2007 // San Mateo, Calif.-based Edgewood Partners Insurance Center has hired Jim Halbleib as a principal and executive vice president for the San Mateo office. Halbleib will produce and manage regional, national and global...
Arch Acquires Wexford Underwriting Managers
Dec 20 2007 // Arch Insurance Group said it has completed its acquisition of Wexford Underwriting Managers and will rename the new division Arch Wexford. The deal has been in the works since January, when the two companies signed an...
ACE Acquires Personal Lines Business of Atlantic Mutual
Dec 20 2007 // The Atlantic Companies, also known as Atlantic Mutual, has sold its high-net-worth personal lines insurance business to The ACE Group of Companies for an undisclosed price. The deal, expected to close in 30 days, gives ACE...
Midwest Insurance Education Groups Announce Merger
Dec 19 2007 // Two insurance education organizations, the Insurance Education Institute (IEI) of Indianapolis, Ind., and The Griffith Foundation for Insurance Education of Columbus, Ohio, recently signed an agreement to merge effective...
XL Insurance Buys Naming Rights to Hartford Civic Center
Dec 18 2007 // The University of Connecticut’s basketball teams have a new name for their home stadium: The XL Center. XL Insurance announced this morning it has signed a 6-year agreement for the naming rights to the 16,500-seat...
