Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Workers’ Comp Writer Employers Holdings to Acquire AmCOMP
Jan 11 2008 // Employers Holdings, Inc. of Reno, Nev., reports it has agreed to acquire AmCOMP Inc. for approximately $230 million, including the assumption of $37 million in debt. The acquisition will expand Employers’...
Progressive Buys Naming Rights to Cleveland Indians’ Ballpark
Jan 11 2008 // In March of 1937, Steve O’Neill was managing the Cleveland Indians, the team was at spring training in New Orleans and preparing for another season at League Park at Lexington and East 66th Street in Cleveland. At...
Lighthouse Underwriters Sells Retail Non-Profit Book to Cooley and Darling
Jan 10 2008 // Cooley and Darling Insurance Agency Inc. (www.cd-insure.com), a new retail agency based in Haymarket, Va., has acquired the retail book of non-profit business from Lighthouse Underwriters LLC, a member company of U.S. Risk...
Beecher Carlson Acquires Phoenix’s Alliance Insurance Group
Jan 9 2008 // Atlanta-based Beecher Carlson insurance brokerage has acquired Phoenix-based Alliance Insurance Group. Financial terms of the transaction were not disclosed. The acquisition supports its plan to partner with firms where...
CNinsure to Acquire 60% Stake in Hubei Insurance Agency
Jan 9 2008 // CNinsure Inc., an independent Chinese insurance agency and brokerage company, announced the signing of a definitive agreement to acquire a 60 percent stake in Hubei East Century Insurance Agency Co., Ltd. The transaction...
Swiss Re to Acquire 25% Stake in Vietnam National Re
Jan 9 2008 // Swiss Re announced that it has entered into an agreement to acquire a 25 percent stake in Vietnam’s leading reinsurance provider, Vietnam National Reinsurance Corporation (VinaRe), for VND1.3 trillion (approximately...
Ala.: Bank Wants County to Buy $1M Insurance Policy for Cobb Marker
Jan 9 2008 // Wachovia Bank officials are concerned that a proposed sign to mark Hall of Fame baseball player Ty Cobb’s time in Anniston, Ala., may obstruct the view of motorists. Calhoun County Commissioner Eli Henderson, who...
MyNewMarkets.com Exchange Sells Out Sponsorships
Jan 8 2008 // SAN DIEGO, January 8, 2008 – Insurance Journal’s MyNewMarkets.com has sold out all gold and silver level sponsorships of it’s inaugural MyNewMarkets.com Exchange Conference scheduled for February 15, 2008...
Georgia Insurance Agency Announces Acquisition of Magnum OPUS
Jan 8 2008 // Carrollton, Ga.-based Britt/Paulk Insurance Agency Inc., acquired Idaho-based Magnum OPUS and all of its assets in a transaction that took effect on Jan.1. Magnum OPUS will begin operating as the Britt/Paulk Boise, Idaho...
Hub International Acquires Montana Agency
Jan 8 2008 // Hub International Ltd. announced that Hub International Transportation Insurance Services Inc. (HUB Transportation) has acquired all of the assets of Billings, Mont.-based Lenhardt Insurance Agency Inc., an insurance...
Stanard, Fox Partner With Insight Catastrophe Group
Jan 8 2008 // Insight Catastrophe Group, a specialty provider of property catastrophe risk management and underwriting services, announced a partnership with Jim Stanard and Rod Fox through their newly-formed organization, New Asset...
Swiss Re’s Westport Insurance Announces Two Mergers
Jan 8 2008 // Swiss Re’s Westport Insurance Corp. has announced a merger with Employers Reinsurance Corp. Both are U.S. domiciled corporations. Employers Reinsurance Corp. also maintains a Canadian Branch. In the merger, Employers...
R.I.’s Narragansett Bay Insurance to Use $200M Funding to Expand in East
Jan 8 2008 // Narragansett Bay Insurance Co. in Rhode Island has sealed a deal to obtain $200 million from three private equity investors. The company said the equity will be used to grow the company’s homeowners business along...
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...
