Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
National Atlantic Shareholders Approve Merger with Palisades in N.J.
Jun 24 2008 // National Atlantic Holdings Corp., parent of Proformance Insurance, reported that its shareholders have approved the proposed merger with Palisades Safety and Insurance Association of Berkley Heights, N.J. Freehold,...
Oracle to Buy Another Insurance Software Maker: Skywire
Jun 23 2008 // California-based software giant Oracle is further expanding its stake in the insurance industry by agreeing to acquire the insurance software and document management business of Skywire Software. Skywire Software’s...
AXA Completes RESO GARANTIA Share Acquisition
Jun 20 2008 // France’s AXA Group announced that it has completed the acquisition of 36.7 percent of the share capital of RESO GARANTIA, Russia’s second largest P&C insurer. The transaction, which was announced on...
After 20-Year Hiatus, Peerless Sells First Massachusetts Auto Policy
Jun 19 2008 // Keene, N.H.-based Peerless Insurance said it has issued its first Massachusetts personal auto insurance policy in more than 20 years. The company, part of Liberty Mutual Group, first announced in November it would re-enter...
NIA Group Acquires Florida-based Taylor Financial Insurance Agency
Jun 18 2008 // Insurance brokerage firm The NIA Group LLC acquired Taylor Financial Insurance Agency of Jacksonville, Florida, marking NIA’s third agency purchase in the Sunshine State. Taylor Financial provides employee benefits...
LA’s Best Insurance Services Acquires Mid-C Insurance
Jun 17 2008 // Los Angeles, Ca. LA’s Best Insurance Services acquired Mid-C Insurance Services on May 30th, 2008. Terms of the transaction were not disclosed. Mid-C Insurance was established 50 years ago and specializes in Personal...
Foreign Insurers Look at Potential Acquisitions in a Weakened U.S. and E.U.
Jun 16 2008 // Asian Insurers May Buy in U.S., E.U.; Bermuda Beefs Up Regulators; Zurich Favored for Acquisition Asian insurers may go on a buying spree. A number of companies, particularly China’s major players, are likely to...
Brokerage Stocks Down; M&A Activity Continues at Strong Pace but Slower Than 2007
Jun 16 2008 // Stock Prices: The brokerage sector as a whole is down 3 percent for the year. Among middle-market brokers, Arthur J. Gallagher’s (NYSE:AJG) stock has faired well compared to peers Brown & Brown (NYSE:BRO), down...
Willis Partners With University of Bologna to Study Floods
Jun 13 2008 // The Willis Research Network (WRN), part of Willis Group, has announced the formation of a partnership with the University of Bologna “to include the renowned Italian institution’s flood research as part of more...
AMS Parent Vertafore to Acquire Licensing, Compliance Vendor Sircon
Jun 13 2008 // Vertafore, Inc., a provider of software and services to the insurance industry including AMS Services, has agreed to acquire licensing and compliance software maker Sircon Corp. Michigan-based Sircon serves carriers,...
Marsh Acquires Construction Specialist Nielsen-Wurster Group
Jun 11 2008 // Marsh’s London office announced that it has acquired the assets of The Nielsen-Wurster Group’s Construction Claims & Dispute Resolution business. “As part of the transaction, more than 30...
HUB International Acquires Assets of BC’s Falkenberg Agencies
Jun 10 2008 // Chicago-based Hub International Limited has acquired the Managing General Agency assets of Falkenberg Agencies Ltd., a British Columbia-based agency specializing in life and investment products. Terms of the transaction...
Hudson Insurance Acquires D&O Agency Hooghuis
Jun 10 2008 // Hudson Insurance Group, the U.S. insurance division of Odyssey Re Holdings Corp., reports it has acquired Hooghuis Group LLC, an underwriting agency specializing in U.S. directors and officers liability (D&O)...
Willis Sees Deal to Buy HRH Raising U.S. Revenue
Jun 9 2008 // Willis Group Holdings, the third largest global insurance broker, said Monday it sees its $2.1 billion deal for a rival broker boosting growth, especially in the United States. Willis said late Sunday it would buy...
Van Gilder Sells Colorado Springs Office To CB Insurance
Jun 9 2008 // Michael Van Gilder, CEO of Van Gilder Insurance Corp., and Steve Schneider, president of CB Insurance LLC, an affiliate of Central Bancorp, announced their firms have signed a letter of intent for the sale and purchase of...
Spain’s MAPFRE Completes Acquisition of U.S. Insurer Commerce
Jun 5 2008 // In a joint announcement Spain’s largest insurer, MAPFRE S.A. and The Massachusetts-based Commerce Group, Inc. announced that MAPFRE has completed its acquisition of Commerce. The parties reached agreement on a deal...
Arbella Insurance Partners with Mass. in Designated Driver Program
Jun 5 2008 // Massachusetts businesses, pubs and state officials, including Lt. Governor Timothy Murray, are launching a new campaign to discourage drink driving and encourage the use of designated drivers. The Arbella Insurance Group...
Insurance Agency Joins Mo. Auto Dealer in 1st Time Partnership
Jun 5 2008 // When buying a new or used car, cost is always an issue and car insurance shopping is always a stressful task. Just as banks now have agencies connected to mortgage lending, a new day has dawned when shoppers for...
Max Specialty Acquires Guaranty Casualty to Write Admitted Business
Jun 5 2008 // Max Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of Max Capital Group Ltd., reports it has acquired Commercial Guaranty Casualty Insurance Co., an insurance entity licensed to...
Hub International Acquires Nett & Champion Insurance
Jun 4 2008 // Hub International Ltd. announced that Hub International of California Insurance Services Inc. (HUB California) acquired the assets of Nett & Champion Insurance Services, a Santa Barbara, Calif.-based agency...
