Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Republic Companies Acquires Ariz.-based General Agency
Feb 11 2008 // Dallas-based Republic Companies Inc. (Republic) announced the acquisition of Four Corners Insurance Services Inc. (Four Corners), a general agency based in Phoenix, Ariz. Republic reported that Four Corners specializes in...
Flood-damaged Southeastern Minn. Receives $77 Million in State Funding
Feb 8 2008 // State officials say southeastern Minnesota has received more than $77 million in state aid to help the area recover from last August’s devastating flooding. The money received so far is part of a $157 million...
Royal & SunAlliance Acquires Broker Fyfe Group
Feb 7 2008 // The UK’s Royal & Sun Alliance Insurance Group plc has acquired the Fyfe Group, a UK retail and wholesale intermediary specializing in motor trade products for small businesses. “In 2007 it delivered £10.1...
AXA to Buy Out Turkish Partner
Feb 7 2008 // France’s AXA Group announced that it has entered into an agreement to acquire its Turkish partner OYAK’s fifty percent share in AXA OYAK Holding A.S., a company they established jointly in 1999. AXA said it...
Mississippi’s BancorpSouth Acquires Texas Insurance Company
Feb 6 2008 // Tupelo, Miss.-based BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, said Monday it has signed a deal to buy JMG/IC Insurance Agency Inc., of Nacogdoches, Texas. Terms of the deal were not...
CBIZ Acquires Md.-Based NAIS
Feb 6 2008 // CBIZ Inc. announced the firm has acquired substantially all the assets of NAIS Inc. effective Feb. 1, 2008. NAIS provides innkeepers insurance programs marketed through James Wolf Insurance and Old Line Insurance. NAIS,...
ChoicePoint to Buy Insurance Analytics Firm, Optimal Decisions Group
Feb 5 2008 // Information servcies company ChoicePoint reports it is acquiring Optimal Decisions Group, a firm that develops advanced analytics and software for the insurance industry. ODG develops predictive modeling, multi-year...
Universal North America to Acquire Policies from Houston General
Feb 5 2008 // Universal North America Insurance Company, with corporate offices in Texas and Florida, has agreed to acquire the renewal rights to approximately 11,500 policies from the personal lines portfolio of Canton, Mass.-based...
Mercator Risk Services Acquires Tennant Risk Services
Feb 4 2008 // Mercator Risk Services, a specialty wholesale insurance broker, acquired Tennant Risk Services Insurance Agency LLC, a Hartford, Conn.-based wholesale broker and underwriting manager. Terms of the transaction were not...
Reinsurance Broker BMS Names Buysse as CEO for North America
Feb 4 2008 // BMS, a reinsurance intermediary based in Philadelphia, has appointed James T. Buysse as chief executive officer of its North American operations, BMS Intermediaries, Inc. Buysse will be based in Philadelphia and will...
USI Acquires Conn.’s Webster Bank Insurance Brokerage
Feb 4 2008 // USI Holdings Corp. has acquired Webster Insurance, Inc., from Webster Financial Corp., the holding company for Webster Bank, N.A. The parties also signed marketing agreement to provide expanded products and services to...
PartnerRe Earnings Announcement Today; Conference Call Details
Feb 4 2008 // Bermuda-based PartnerRe Ltd. will announce its fourth quarter 2007 and full year results after the market close today, February 4, 2008. Senior management will conduct a dial-in conference call, which will include a...
Brown & Brown Insurance Buys Custom Outsourcing of Tampa
Feb 4 2008 // Giant insurance broker Brown & Brown has acquired MEW Custom Staffing, L.L.C., a Tampa, Fla. human resource and outsourcing firm that does business as Custom Outsourcing. C. Roy Bridges, regional executive vice...
BancorpSouth Insurance to Buy JMG/IC Insurance of Texas
Feb 4 2008 // BancorpSouth Insurance Services, Inc., a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss., has agreed to acquire the Nacogdoches, Texas — based JMG/IC Insurance Agency, Inc. The effective date of the...
Hub International Acquires Scheer’s, Inc.
Feb 4 2008 // Hub International Limited announced today that it has acquired Scheer’s, Inc. one of the largest privately-owned retail insurance brokerages in the United States specializing in surety bonds. Scheer’s,...
Meadowbrook Acquires Remaining Earnings from U.S. Speciality Underwriters
Feb 4 2008 // Southfield, Mich-based Meadowbrook Insurance Group, Inc. announced today its termination of the Management Agreement associated with its acquisition of the business of U.S. Specialty Underwriters, Inc. (USS). As previously...
Baloise and Gothaer in Merger Talks on German Insurance Operations
Feb 1 2008 // The Baloise Group and Gothaer Versicherungsbank VVaG are negotiating about a strategic partnership and a merger of their German insurance activities. A letter of intent has been signed, the companeis said. Both companies...
China’s CNinsure Buys Majority Interests in 2 P/C Insurance Agencies
Feb 1 2008 // CNinsure Inc., a leading independent insurance agency and brokerage company operating in China, is acquiring majority interests in Changsha Lianyi Insurance Agency Co., Ltd. (Lianyi) and Jiangmen Fanhua Zhicheng Insurance...
Arthur J. Gallagher Acquires Oakland’s CEM Insurance Services
Jan 31 2008 // Arthur J. Gallagher & Co. today announced the acquisition of Crist Elliott Machette Insurance Services, Inc. of Oakland, Calif. Terms of the transaction were not disclosed. Incorporated in 1993, Crist Elliott Machette...
Ascension to Acquire Calif.-based Pan American Underwriters
Jan 28 2008 // Ascension Insurance Inc. signed an agreement to acquire the assets of the California -based insurance agency, Pan American Underwriters Inc. Pan American is a wholly owned subsidiary of PAULA Financial (Pink Sheets:PFCO)....
