Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
PartnerRe Centralizes Global Reinsurance Structure in Ireland
Aug 23 2007 // Bermuda-based PartnerRe Ltd. announced that “Partner Reinsurance Europe Limited, a wholly- owned subsidiary of PartnerRe Ltd., based in Dublin, will, from January 1, 2008, be the principal reinsurance carrier for...
Edgewood Partners Appoints Greenfield to Executive Team
Aug 23 2007 // San Mateo, Calif.-based Edgewood Partners Insurance Center has named John Greenfield vice president specializing in property and casualty insurance. Greenfield began his career at ABD Insurance and Financial Services. At...
Liberty Mutual Receives Regulatory Approvals for Ohio Casualty Acquisition
Aug 21 2007 // Liberty Mutual Group and Ohio Casualty Corp. recently announced that the Liberty Mutual Group has received approvals from the State of Ohio Department of Insurance and the State of Indiana Department of Insurance for the...
Partnerships with big brothers can be way to kickstart growth
Aug 20 2007 // But smaller firms looking for alliances with bigger firms must carefully assess risks of that strategy Scores of new alliances are born every day. One of the fastest, least capital-intensive ways for small to midsize...
Partnerships with big brothers can be way to kickstart growth
Aug 20 2007 // Scores of new alliances are born every day. One of the fastest, least capital-intensive ways for small to midsize companies to grow is to connect with a larger, more powerful partner or brand. But there is risk. Experts...
Partnerships with big brothers can be a way to kickstart growth
Aug 20 2007 // Scores of new alliances are born every day. One of the fastest, least capital-intensive ways for small to midsize companies to grow is to connect with a larger, more powerful partner or brand. But there is risk. Experts...
Hiscox Takes 49% Stake in UK Broker Allison & Partners
Aug 15 2007 // The Bermuda-based Hiscox Group has purchased 49 percent of UK Professional Indemnity broker and underwriting agency, Allison and Partners Insurance Services for an undisclosed price. The deal includes an option to buy the...
Allianz Sells Property Portfolio to IVG
Aug 14 2007 // Germany’s Allianz announced that it has “sold a portfolio of German property to IVG Immobilien AG for around €1.3 billion [$1.765 billion]. The portfolio comprises several buildings currently occupied by...
GAINSCO Sells E&S Writer General Agents Insurance Co. to Montpelier Re
Aug 14 2007 // Dallas-based GAINSCO, Inc. and its insurance subsidiary MGA Insurance Co. Inc. have agreed to sell their affiliate General Agents Insurance Co. of America, Inc. to Montpelier Re U.S. Holdings Ltd. for $4.75 million. The...
Texas’ Combined Group and Affiliates Acquired by Brown & Brown
Aug 13 2007 // Fla.-based Brown & Brown Inc. and the Combined Group Companies, of Carrollton, Texas, announced the asset acquisition of the Combined Group by a Brown & Brown subsidiary. The acquisition includes Combined Group...
