Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Oracle Buy of AdminServer Seen Triggering Insurance Tech Mergers
May 14 2008 // Software maker Oracle said it has agreed to acquire AdminServer, a Chester, Pa.-based provider of insurance policy administration software. The move has some analysts predicting a wave of mergers among technology firms...
Arthur J. Gallagher Acquires Specialty Risk of Missouri
May 13 2008 // Itasca, Ill.-based Arthur J. Gallagher & Co. recently announced the acquisition of Specialty Risk, Inc. of Liberty, Mo. Terms of the transaction were not disclosed. Established in 1994, Specialty Risk, Inc. is a...
Advance Insurance Services Acquires J.D. Ellington Insurance Services.
May 13 2008 // Las Vegas NV.– Advance Insurance Services acquired the assets of J.D Ellington Insurance Services, Inc. the transaction was completed April 30th. Terms of the transaction were not disclosed. Advance Insurance...
Aon Re Global Acquires Peruvian Reinsurance Intermediary Cosegur Re
May 12 2008 // Aon Re Global, a unit of Aon Corporation, announced it has acquired Peruvian reinsurance intermediary Cosegur Re, “offering clients in Peru greater access to worldwide reinsurance markets” and Aon Re...
Woodruff-Sawyer and Redevelopment Risk Services Form Partnership
May 8 2008 // Woodruff-Sawyer & Co. and Redevelopment Risk Services have formed an alliance for companies trying to manage the risk of environmentally distressed and urban infill properties. The range of services will assist in...
Siesko Partners Joins with NIP to Offer Independent Director Products
May 8 2008 // Texas-based National Insurance Partners Inc., a risk management, corporate governance and financial solutions firm, and Siesko Partners LLC, a corporate insurance and risk services firm headquartered in New York, announced...
Safeco and Costco Partner to Offer Business Insurance in Test States
May 7 2008 // Costco and Safeco are offering business insurance to businesses that are Costco members, effective May 2008. According to information on Costco’s Web site, Costco business members may secure up to a 10 percent...
Insurance Brokerage Barney & Barney Completes Merger with Saylor & Hill
May 7 2008 // Barney & Barney LLC, a San Diego-based insurance brokerage, has closed its merger with Saylor & Hill Co., an Oakland, Calif.-based brokerage. The combined companies will work together to provide insurance, risk...
CNinsure Expands in China’s Guangxi Province with New Acquisition
May 6 2008 // China’s CNinsure Inc. continued its acquisition spree with the announcement that it has signed a definitive agreement to acquire a 60 percent equity interest in Guangxi Xingfu Insurance Agency Co., Ltd., an insurance...
Penn National Sells ESL Inc. Subsidiary to Atlantic Specialty Lines
May 5 2008 // Harrisburg, Pennsylvania-based Penn National Insurance said it has completed the sale of its wholesale insurance brokerage subsidiary, ESL Inc., to Atlantic Specialty Lines of Pennsylvania for an undisclosed...
AmWINS Acquires Beacon Risk Strategies
May 5 2008 // Charlotte, N.C.-based AmWINS Group Inc. acquired Beacon Risk Strategies, a Seattle-based managing general underwriter of excess-loss benefits insurance. Terms of the transaction were not disclosed. Founded in 1999, Beacon...
Brown & Brown Acquires Nathan Stone Insurance Agency
May 5 2008 // A subsidiary of Brown & Brown Inc. has acquired the assets of Nathan Stone Insurance Agency Inc. of Encino, Calif. Nathan Stone Insurance Agency Inc. d/b/a Stone, Harris & Stone, with annualized revenues of...
Carrier Stock Prices on the Rocks Thus Far in 2008 But M&As Robust
May 5 2008 // Stock Prices Consistent with the market as a whole, the carrier sector has had a rocky start to the new year, trading down 10 percent. M&A Activity M&A activity in the property/casualty sector remained robust as...
Analysts See Increase in P/C Mergers Ahead; Rate Climate Top Challenge
May 5 2008 // Insurance equity analysts expect a significant increase in property/casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts...
Liberty Mutual to Acquire Safeco Insurance in $6.2 Billion Deal
May 5 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
ING to Buy CitiStreet for $890 Million
May 2 2008 // Dutch financial services group ING Groep NV announced it would buy CitiStreet, a retirement plan administrator, grabbing third place in the defined contribution business in the United States. ING said in a statement it...
Arthur J. Gallagher Acquires N.J. Employee Benefit Broker RSI
May 2 2008 // Insurance broker Arthur J. Gallagher & Co. reports it has acquired RSI of Mount Laurel, New Jersey. Terms of the transaction were not disclosed. Founded in 1980, RSI offers employee benefit consulting and brokerage...
ISG’s Pacific Wholesale to Acquire E.L.M. Insurance Brokers
May 2 2008 // Insurance Specialty Group LLC, parent of Atlanta, Ga.-based Pacific Wholesale Insurance Brokers (Pacific Wholesale) entered into definitive agreements to acquire and merge with El Segundo, Calif.-based E.L.M. Insurance...
Wells Fargo Acquires Insurance Premium Finance Firm Flatiron
May 1 2008 // Wells Fargo Bank reports it has acquired the business of Colorado-based Flatiron Credit Co., Inc. and its operating subsidiaries. Flatiron was a subsidiary of TD Banknorth, N.A. and is one of the nation’s largest...
PartnerRe Q1 Net Drops 24%
Apr 29 2008 // Bermuda-based PartnerRe Ltd. reported net income of $129.0 million, or $2.16 per share, for the first quarter of 2008, compared to $169.3 million for Q1 2007, a 24 percent decrease. The income figure includes net realized...
