Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Allied World to Buy Converium’s U.S. Reinsurance Operations
Dec 11 2007 // Bermuda-based Allied World Assurance Company Holdings, Ltd. announced that its U.S. holding company has entered into an agreement to purchase Converium Insurance (North America), Inc., a New Jersey domiciled...
Emerson, Reid & Co. Acquires Benefitport MidAtlantic
Dec 11 2007 // New York-based Emerson, Reid & Co. said it has acquired N.J.-based general agent BenefitPort MidAtlantic for an undisclosed amount. The acquisition of BenefitPort, which distributes group products to small and large...
ERGO Acquires 65% Stake in Korea’s Daum Direct Auto
Dec 10 2007 // German insurer ERGO, Munich Re’s primary insurance subsidiary, announced that it has reached an agreement with Daum Communications and LIG Insurance to purchase a 65 percent stake in the South Korean monoline insurer...
Gates Foundation Partners with Labor Organization for Microinsurance
Dec 10 2007 // The Geneva-based International Labor Organization has announced a partnership with the Bill & Melinda Gates Foundation that aims to develop new kinds of insurance and improve existing products to promote decent work...
AmTrust Agrees to Acquire Unitrin’s Business Insurance Unit
Dec 10 2007 // Unitrin, Inc. reports it has worked out an agreement to sell its Unitrin Business Insurance unit to AmTrust Financial Services, Inc. in a cash transaction. Terms were not disclosed. Unitrin had previously announced in...
Edgewood Partners Appoints Johnson Senior VP
Dec 10 2007 // San Mateo, Calif.-based Edgewood Partners Insurance Center has hired Jim Johnson as senior vice president. He will be responsible for new business production, renewal business retention, co-managing of Carrier Relations,...
Endurance Closes ARMtech Acquisition
Dec 10 2007 // Bermuda-based Endurance Specialty Holdings Ltd. announced the closing of the acquisition by Endurance US Holdings Corp. of ARMtech Insurance Services, Inc. and its affiliates (See IJ web site –...
Arthur J. Gallagher & Co. Acquires La.’s Powell Insurance Agency
Dec 7 2007 // Illinois-based Arthur J. Gallagher & Co. announced the acquisition of Powell Insurance Agency Inc. in Metairie, La. Terms of the transactions were not disclosed. Established in 1948, Powell Insurance Agency offers...
AXA Buys Ohio’s Matrix
Dec 6 2007 // AXA Corporate Solutions announced from Paris that it has acquired the consulting firm Matrix Risk Consultants Inc., based in Miamisburg, Ohio. It described the deal as part of a move to strengthen “its capacity to...
China’s CNinsure to Acquire Majority Stake in Insurance Adjuster
Dec 6 2007 // CNinsure Inc., an independent insurance agency and brokerage company operating in China, has announced the signing of definitive agreements to acquire a 60 percent stake in Guangdong Fangzhong Insurance Surveyors &...
BMS Group Acquires Property/Casualty Team in Minn.
Dec 6 2007 // Global reinsurer BMS announced today that it has acquired a P/C brokerage team based in Minneapolis. The nine member team is led by senior brokers Jim Brost and Mike Joyce. “The acquisition of this team boosts our...
Brown & Brown Buys N.J.’s Dalton Insurance Agency
Dec 6 2007 // A subsidiary of Florida-based insurance agency Brown & Brown, Inc. has acquired Dalton Insurance Agency, LLC, of Glassboro, N.J. Dalton Insurance Agency, with annualized revenues of approximately $2.5 million, is a...
Edgewood Partners Appoints Father and Son Vice Presidents
Dec 4 2007 // Edgewood Partners, a San Mateo, Calif-based brokerage, has appointed Russ Gunn senior vice president, and Rich Gunn assistant vice president. Both will work out of the Orange County, Calif., office. Russ has more than 30...
Frost Insurance Acquires Prime Benefits in Austin
Dec 3 2007 // Frost Insurance announced it has acquired Prime Benefits Inc., an independent Austin, Texas-based insurance agency that specializes in employee benefits, effective Dec. 1. Prime Benefits offers group employee benefits...
Watson Wyatt to Buy 20% Stake in South Africa’s Fifth Quadrant
Dec 3 2007 // Global consulting firm Watson Wyatt announced that it will form a strategic alliance with Fifth Quadrant, the independent South African actuarial and employee benefits consultancy “Both firms have signed a letter of...
Ping An Buys 4.18% Stake in Fortis
Nov 30 2007 // Fortis, the Belgian/Dutch banking and insurance group, and Ping An Insurance (Group) Company of China, Ltd. jointly announced that Ping An Life Insurance Company of China, Ltd.,a subsidiary of Ping An Group, had acquired...
Darwin Pro to Acquire Florida’s Agency Marketing Services
Nov 28 2007 // Darwin Professional Underwriters, Inc. has joined with the lawyers professional liability experts at Wolf Professional Risk in Tampa, Florida to acquire Agency Marketing Services, Inc. of St. Petersburg, Florida. The...
Georgia’s Britt/ Paulk Insurance to Acquire Fla. Marine Agency
Nov 21 2007 // Britt / Paulk Insurance Agency, Inc., a privately-held program administrator in Carrollton, Ga., has agreed to acquire Mitchell, York & Cooper, LLC, a Florida-based marine Insurance broker. Financial details of the...
USI Closes on Acquisition of Tenn.’s Treadwell & Harry Agency
Nov 21 2007 // USI Holdings Corp, out of Briarcliff Manor, N.Y, has completed the acquisition of Memphis, Tenn.-based Treadwell & Harry Insurance, LLC. Treadwell & Harry will be combined with USI’s existing Memphis...
PartnerRe Share Repurchase Increased to Five Million
Nov 20 2007 // Bermuda-based PartnerRe Ltd. announced that its Board of Directors has approved an increase in the Company’s share repurchase authorization for a total of up to 5 million common shares. “This reflects an...
