Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Hanover Completes Acquisition of Lawyers’ Insurer, Professionals Direct
Sep 17 2007 // The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies specialize in lawyers professional...
Woodruff-Sawyer Partners with California Bankers Association
Sep 17 2007 // Woodruff-Sawyer & Co. announced today a partnership with California Bankers Association, one of the largest state banking trade associations in the country. Woodruff-Sawyer will be CBA’s broker to represent...
HSBC Acquires 10% Stake in Vietnam’s Bao Viet
Sep 14 2007 // HSBC, one of the largest international banks, has entered into an agreement to acquire a 10 percent stake in Vietnam’s leading insurance and financial services group, Vietnam Insurance Corporation (Bao Viet), for...
HRH Acquiring Bank of America’s Commercial Insurance Agency
Sep 14 2007 // Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in the northeastern...
Regulators Give Approval for Merger of Iowa and Wis. Cuna Mutuals
Sep 13 2007 // State insurance regulators recently approved the merger of Cuna Mutual Insurance Co of Waverly, Iowa with Cuna Mutual Insurance Society of Madison, Wis. The merger is expected to be complete by Dec. 31. The company’s...
AXA Partners with Vietnam’s Bao Minh
Sep 12 2007 // France’s AXA Group announced that it has reached an agreement to establish a strategic partnership in the Vietnamese insurance market with Bao Minh Insurance Corporation, the second largest player in the Vietnamese...
Watkins Insurance Group Acquires Matz Insurance Agency
Sep 11 2007 // Austin, Texas-based independent insurance agency, Watkins Insurance Group, announced the acquisition of Matz Insurance Agency, Austin. Established in 2002, Matz Insurance Agency offers both commercial and personal lines of...
Hull & Co. Acquires 2 Bollinger Subsidiaries in Northeast
Sep 11 2007 // Robert Cohen, senior vice president of Hull & Co. Inc., and Jack Windolf, chairman and chief executive officer of Bollinger, Inc., recently reported the asset acquisition by Hull of two Bollinger subsidiaries, Market...
Zurich Acquires Ireland’s Wrightway
Sep 7 2007 // The Zurich Financial Services Group announced the acquisition of 100 percent of Wexford, Ireland-based Wrightway Underwriting Limited following receipt of the necessary regulatory approvals. Zurich described its new...
Endurance Specialty to Acquire Crop Insurer ARMTech
Sep 7 2007 // Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reports that one of its U.S. based holding companies is buying out ARMtech Insurance Services, Inc. and its...
Mont.’s Wildfire Funding Process Convoluted, Analysts Say
Sep 6 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...
Cooper Gay Acquires CRS Team
Sep 5 2007 // The Cooper Gay Group, one of the London market’s largest privately owned insurance and reinsurance brokerage groups, announced that it has acquired the reinsurance and terrorism broking teams of CRS Group (London)...
Berkley to Buy American Mining Insurance Co.
Sep 4 2007 // Insurance holding company W. R. Berkley Corp., based in Greenwich, Conn., is acquiring acquire CGH Insurance Group, the owner of American Mining Insurance Co. American Mining, based in Birmingham, Alabama, has specialized...
Commerce Insurance, Commerce Banc end spat, seek to partner
Sep 3 2007 // The Commerce Group Inc., the property/casualty insurer based in Webster, Mass., and Commerce Banc Insurance Services of Cherry Hill, N.J., have decided to explore partnership opportunities in various states and to resolve...
Broker stock prices vary big; 23 M&As posted in two-month period
Sep 3 2007 // Stock Prices: The range in stock prices for brokers has been dramatic. At one end of the spectrum, Marsh & McLennan (NYSE:MMC) is down 9 percent and at the other, Aon Corp. (NYSE:AOC) is up 14.2 percent year-to-date....
Northeast Bank in Maine Acquires Lewiston Agency
Aug 31 2007 // Northeast Bank Insurance Group, Inc announced it fifth insurance agency acquisition in less than a year. The Hartford Insurance Agency, family-owned and headquartered in Lewiston, is the latest in a string of deals for the...
Edgewood Partners Appoints Zanders VP of Business Development
Aug 31 2007 // San Mateo-based Edgewood Partners Insurance Center has named Teri Zanders vice president of business development and client services. Zanders will serve as the client liaison for EPIC’s employee benefits and...
Ark. Lawmakers Call for Increased Children’s Insurance Funding
Aug 29 2007 // Ark. Gov. Mike Beebe and members of Arkansas’ congressional delegation called for increased funding of a federal health insurance program this week, and said a potential veto by President Bush could hurt the...
Mich. Accident Fund Acquires CWI Holding Inc.
Aug 28 2007 // Lansing, Mich.-based Accident Fund Insurance Company of America has entered into an agreement with the shareholders of CWI Holdings Inc. to purchase CWI and its wholly owned subsidiaries, including San Francisco,...
S&P, Best Comment on PartnerRe’s EU Centralization Move
Aug 23 2007 // The rating agencies reacted positively to PartnerRe’s move to centralize all of its European operations in its Dublin-based subsidiary (See previous article). Standard & Poor’s Ratings Services assigned...
