Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Zurich Closes DWS Vita Acquisition
Jun 4 2008 // Zurich Financial Services Group announced the completion of the acquisition of 100 percent of Life insurer DWS Vita SpA from an Italian subsidiary of Deutsche Bank. The transaction was first announced on December 17,...
Spain’s Mapfre Completes Acquisition of Commerce Group
Jun 4 2008 // Spain’s largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country. Mapfre paid $36.70 in cash per share of Commerce’s publicly...
Liberty Mutual to Partner with Dabur to Form Indian Insurance Company
Jun 3 2008 // The Liberty Mutual Group announced that it and its partner Dabur GI Invest Corp plan to form a non-life insurance company in India to provide personal and commercial insurance products through a range of distribution...
Brown & Brown Acquires Debock & Muth Insurance Agency
Jun 3 2008 // Brown & Brown Inc. acquired the assets of Debock & Muth Insurance Agency Inc., of Stockton, Calif. Debock & Muth Insurance Agency Inc., with annualized revenues of approximately $1.7 million, focuses on...
Asian Insurers Expected to Seize on Credit Crunch as Opening to Buy in U.S. and Europe
Jun 3 2008 // Asian insurers, particularly China’s major players, are likely seize the credit crunch as an opportunity to snap up assets in Europe and the United States, senior insurance figures said on Tuesday. “Asian...
New Executives Named at Bridge Insurance Partners
Jun 2 2008 // Dallas-based Bridge Insurance Partners, a national commercial property and casualty agency, announced three executive leadership positions. Jeff Turner was named managing principal, and Tommy Saxon and Ryan Perry have been...
PartnerRe Makes Executive Changes in Global (Non-U.S.) Operations
Jun 2 2008 // Bermuda-based PartnerRe has announced the following executive changes in its Global (Non-U.S.) Operations: — Emmanuel Clarke has been named as Head of Specialty Lines, Global, effective Sept. 1, 2008. — He...
Europe’s Insurers Lead M&A Activity Says Conning Report
May 29 2008 // “Global insurance industry acquisitions in 2007 were driven by non-U.S. insurers, primarily Western European firms-who clearly see value in this market,” stated Sherry Manetta, director at Conning Research...
ChinaGrowth to Acquire UIB Group
May 28 2008 // ChinaGrowth North Acquisition Corporation (CGNAC) announced that it has entered into a Share Purchase Agreement to acquire the Chinese insurance broker UIB Group Limited. Following completion of the transaction, UIB will...
Zurich Favored to Buy RBS Insurance
May 27 2008 // Rivals are circling Royal Bank of Scotland’s insurance arm as a bid deadline approaches, but aside from Zurich Financial Services, few may have the desire and firepower to buy Britain’s largest motor...
PartnerRe to Issue $250 Million Senior Notes; Ratings in the ‘A’ Range
May 23 2008 // Bermuda-based PartnerRe Ltd. has announced that it intends to issue, through its indirectly wholly-owned subsidiary PartnerRe Finance A LLC, $250 million of 10-year fixed rate 6.875 percent Senior Notes, pursuant to its...
Lockton Denver Office Acquires Schwander Insurance Services
May 23 2008 // The Denver office of Lockton Companies LLC, aprivately held insurance broker, acquired Schwander Insurance Services of Centennial, Colo. Schwander CEO and President Michael Schwander will become executive vice president at...
RMS Becomes Partner in Climate Change Initiative
May 22 2008 // Newark, Calif.-based Risk Management Solutions (RMS) has become a partner in the Resilient Coasts Initiative, a collaboration led by Ceres and the Heinz Center. RMS will contribute technical expertise on climate-driven...
Mass. Approves Mapfre Acquisition of Commerce Insurance
May 22 2008 // Massachusetts Commissioner of Insurance Nonnie S. Burnes has approved the acquisition of Commerce Insurance Co., principal subsidiary of The Commerce Group of Webster, Mass., by the Spanish insurance company Mapfre,...
Washington Commissioner Seeking Contractors to Review Safeco Acquisition
May 20 2008 // Washington’s Insurance Commissioner’s Office is currently seeking proposals from consultants in the areas of accounting and legal services to review the proposed sale of Safeco Insurance Companies to Liberty...
Solera National Bank, Allstate Enter Partnership
May 20 2008 // Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp Inc. has announced a a strategic partnership with James Muniz, Exclusive Agent for Allstate Insurance Co., whereby Allstate will establish a...
PartnerRe Makes Executive Changes in Global Operations
May 16 2008 // Bermuda-based PartnerRe Ltd. has announced two executive changes in its PartnerRe Global (non-U.S.) operations – comprised of the Global P&C, Global Specialty and Global Catastrophe units and a Life Reinsurance...
Argo Group Completes Acquisition of Heritage Underwriting Agency
May 16 2008 // The Bermuda-based Argo Group International Holdings, Ltd. announced that all conditions of its acquisition of Heritage Underwriting Agency plc. have been satisfied or waived and, as a result, its offer is wholly...
Atlantic Specialty Completes Acquisition of Pa. Wholesale Broker ESL
May 16 2008 // Atlantic Specialty Lines of Pennsylvania, LLC, a subsidiary of Atlantic Specialty Lines, Inc. has acquired the business assets of ESL, Inc., effective May 1, 2008. ESL, which was a wholly-owned subsidiary of Penn National...
Main Street America Group Acquiring Michigan’s Great Lakes Casualty
May 14 2008 // The Main Street America Group, a regional property/casualty insurer based in Jacksonville, Fla. that writes business up and down the East Coast, is expanding to the Midwest. The insurer said it has agreed to acquire Great...
