Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Doctors Co. to Grow by Acquiring Calif. Medical Liability Insurer, SCPIE
Oct 17 2007 // Physician-owned liability insurer The Doctors Company is expanding its market by acquiring SCPIE Holdings Inc., a provider of healthcare liability insurance in California and Delaware. Following the merger, The Doctors...
Calif. DOI Partners with CAL FIRE To Prevent Fire Losses
Oct 16 2007 // California Insurance Commissioner Steve Poizner joined CAL FIRE Director Ruben Grijalva yesterday in signing a memorandum of understanding (MOU) to help prevent and mitigate fire losses in the Golden State. The state faces...
Kan. Lawmakers Propose Funding for Housing for Storm-ravaged Areas
Oct 15 2007 // A bipartisan group of state lawmakers want to provide $50 million to build new housing in Kansas communities still hurting from storms earlier this year. The Greensburg tornado in May and flooding in southeast Kansas...
Lawson-Hawks Acquires Stephens and Long Insurance Brokerage
Oct 12 2007 // Lawson-Hawks Insurance Associates has acquired the Stephens and Long Insurance Brokerage in San Francisco. Stephens and Long was founded in 1925 as an independent insurance brokerage and has, a presence in the San...
Brown & Brown Acquires Professional Risk Managers
Oct 11 2007 // Brown & Brown Inc. announced the asset aquisition of Professional Risk Managers Inc. and PRM Group LLC (collectively the PRM Group) The PRM Group, with annualized revenues of approximately $4.5 million, is primarily...
Arthur J. Gallagher Acquires Calif. Benefits Broker BIS
Oct 5 2007 // Arthur J. Gallagher & Co. has acquired BIS Insurance Services Inc. located in Sacramento, Calif. Terms of the transaction were not disclosed. Founded in 1979, BIS Insurance Services is an employee benefits insurance...
W.R. Berkley Completes Acquisition of American Mining Insurer
Oct 5 2007 // Connecticut-based W. R. Berkley Corp. reports it has closed on the acquisition of CGH Insurance Group, the owner of American Mining Insurance Co. Terms of the transaction were not disclosed. American Mining, based in...
Fla.: Brown & Brown Acquires Certain J.P. Morgan Insurance Assets
Oct 4 2007 // Florida-based Brown & Brown Inc., announced the purchase of the property and casualty insurance brokerage business of J.P. Morgan Insurance Agency Inc., located in Newark, Del. The acquired business, with annualized...
Willis AG Acquires Swiss Insurance Broker, Burkart Risk
Oct 3 2007 // In a move that it says underscores its commitment to achieve a leadership position in Switzerland, Willis AG, the Swiss branch of global insurance broker Willis Group Holdings, has acquired Burkart Risk Consulting &...
Starr International Buys Texas-based P/C Insurer from Berkshire Hathaway
Oct 3 2007 // Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway...
Chicago SUA Contracts with Partner Agent Writing Trucking in Southeast
Oct 2 2007 // Chicago-based Specialty Underwriters’ Alliance, Inc. (SUA) recently announced that the company has entered into a new Partner Agent contract with First Light Program Managers, Inc. (“First Light”) to...
Maryland’s Shore Bancshares Acquires Marine Insurance Agency, Wholesaler
Oct 2 2007 // Shore Bancshares, Inc. , parent company of three independent community banks and two retail insurance agencies serving the Delmarva peninsula, has closed two new acquisitions including a retail agency specializing in...
Canada’s TD Banknorth to Buy N.J.’s Commerce Bank; Sell Insurance Unit
Oct 2 2007 // Canada’s TD Bank Financial Group reports that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase...
Georgia’s BB&T Insurance Services Acquires Sidney O. Smith Inc.
Oct 1 2007 // BB&T Insurance Services announced plans to expand its metro Atlanta and north Georgia operation with the acquisition of Sidney O. Smith Inc. Sidney O. Smith Inc. currently provides commercial and personal property and...
Brooke Franchise Corp. to Acquire Chicago Area Agency Network
Sep 27 2007 // Brooke Franchise Corp., a subsidiary of Brooke Corp. recently announced an agreement to acquire 60 insurance agency locations from entities associated with Chicago-based J and P Holdings Inc. The acquisition is expected to...
Montana’s wildfire suppression funding process convoluted, analysts say
Sep 24 2007 // Montana legislative analysts agreed that more money is needed to fight fires in Montana but called the state’s current system for funding wildfire suppression “convoluted” and raised concerns about some...
CEA funding structure to be revamped under legislation sent to governor
Sep 24 2007 // By a wide margin, California lawmakers have approved a compromise between the California Earthquake Authority’s governing board and its participating homeowner insurers to replace a significant portion of the...
CEA funding structure to be revamped under legislation sent to governor
Sep 24 2007 // p:By a wide margin, California lawmakers have approved a compromise between the California Earthquake Authority’s governing board and its participating homeowner insurers to replace a significant portion of the...
Montana’s wildfire suppression funding process convoluted, analysts say
Sep 24 2007 // Montana legislative analysts agreed that more money is needed to fight fires in Montana but called the state’s current system for funding wildfire suppression “convoluted” and raised concerns about some...
Ariel Acquiring Zurich’s Valiant for Launch of U.S. Specialty Carrier
Sep 20 2007 // Bermuda-based Ariel Holdings Ltd. reports it will acquire Valiant Insurance Co. from Zurich North America Commercial Group. Ariel Holdings Ltd. said it has established a U.S. based insurance holding company, Valiant...
