Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hilb Rogal & Hobbs Completes Acquisition of Kan. Benefits Firm
Aug 2 2007 // Hilb Rogal & Hobbs Company announced that it has completed the previously announced acquisition of substantially all the assets of The Resource Group L.C. (TRG) of Overland Park, Kan. Terms of the transaction,...
UPS Agrees to Offer Benefits to Gay Partners in N.J.
Aug 1 2007 // After persuasion from New Jersey’s governor and attorney general, UPS Inc. said Monday that it would extend health insurance benefits to the civil union partners of gay employees in New Jersey covered by a union...
Shand Morahan Buys Investment E&O Specialist Cambridge Alliance
Aug 1 2007 // Shand Morahan & Co. Inc., a Markel Corp., reports it has acquired Cambridge Alliance, a Burlington, Vermont managing general agency that specializes in errors and omissions insurance for registered investment advisors...
Hub Buys Texas-Based Rigg Group’s Retail, Wholesale Operations
Aug 1 2007 // Hub International Ltd. reports it has agreed to acquire all of the stock of The Rigg Group, Inc., one of the largest Texas-based insurance brokers. The acquisition includes The Rigg Group’s subsidiaries Wm. Rigg Co.,...
Hilb Rogal & Hobbs Acquires Colorado’s Brown/Raynor Agency
Aug 1 2007 // Hilb Rogal & Hobbs Co. of Richmond, Virginia, has acquired the property/casualty insurance agency Brown/Raynor Corp. of Colorado. Terms of the transaction, which closed on July 31, 2007, were not disclosed. Founded in...
NSM Acquires Fla. Hotel Program Administrator Target Insurance Group
Aug 1 2007 // National insurance broker NSM Insurance Group of Conshohocken, Pa. reports it has acquired Brandon, Fla.-based Target Insurance Group, program administrator of the Express Hotel Motel Program. “The Express Hotel...
Two N.Y. Firms Shut Down for Failure to Buy Workers’ Comp
Jul 31 2007 // The New York State Workers’ Compensation Board reports it has ordered two businesses to close immediately for failing to comply with workers’ compensation laws. This is the second set of closures ordered under...
Britain’s Pearl Insurance Moves to Block Resolution-Friends Merger
Jul 30 2007 // Pearl Insurance indicated last Friday it was preparing to spoil rival British insurance company Resolution PLC’s acquisition of Friends Provident PLC. Pearl announced that it has increased its stake in Resolution to...
Hawkeye-Security Insurance Named 2007 Top Partner by Mo. Agent Group
Jul 26 2007 // Hawkeye-Security Insurance, a member of Liberty Mutual Group, has been named 2007 Top Partner insurer by the Missouri Association of Insurance Agents (MAIA). The award was presented to President and Chief Executive Officer...
British Life Insurers Friends Provident and Resolution Agree on Merger
Jul 26 2007 // The board of Friends Provident PLC and Resolution PLC announced that they have agreed on terms to combine two of Britain’s largest life insurers through a stock swap. The new company, Friends Financial Group PLC,...
Argonaut Shareholders Approve Merger with PXRE Group Subsidiary
Jul 26 2007 // Argonaut Group, Inc. reported that its shareholders voted to approve the previously announced merger agreement between Argonaut Group and a wholly owned subsidiary of PXRE Group Ltd. (NYSE:PXT). Argonaut Group and PXRE...
HRH Acquires Kansas Employee Benefits Broker The Resource Group
Jul 26 2007 // Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Co. said it is acquiring the assets of The Resource Group, L.C. Terms of the transaction, which is expected to close on Aug. 1, 2007, were not disclosed. Founded...
AAA Michigan Partners with Auto Theft Group
Jul 23 2007 // AAA Michigan announced today they have partnered with H.E.A.T (Help Eliminate Auto Thefts) to provide specially trained operators to answer the auto theft tip line, 1-800-242-HEAT, 24 hours a day, seven days a...
U.S. Senate panel weighs funding for weather satellites
Jul 23 2007 // Cuts to planned weather and environmental satellites will significantly affect scientists’ ability to study the Earth’s climate, experts told a U.S. Senate committee. The Commerce, Science and Transportation...
Commercial lines insurers’ stocks up; M&A activity steady in 2nd quarter
Jul 23 2007 // Stock Prices: Commercial insurers’ stocks were up an impressive 8 percent for the second quarter of 2007. Much of the increase can be attributed to the high premium which was paid for Ohio Casualty Corp....
Zurich Creates New M&A Unit
Jul 18 2007 // Zurich Financial Services Group (Zurich) created a new Mergers & Acquisitions (M&A) unit to analyze needs and offer customized solutions for customers going through a merger or acquisition. The unit is already...
Guaranty Insurance Services Acquires Hilliard Box
Jul 16 2007 // Austin-based Guaranty Insurance Services Inc. announced it has acquired Hilliard Box Insurance (HBI) in Tyler, Texas, giving Guaranty Insurance its first presence in Tyler. HBI has 31 employees and annual revenues of $4.5...
U.S. Senate Panel Weighs Funding for Weather Satellites
Jul 16 2007 // Cuts to planned weather and environmental satellites will significantly affect scientists’ ability to study the Earth’s climate, experts told a U.S. Senate committee last week. The Commerce, Science and...
Mo. Rockhill Holdings Acquires Plaza Insurance
Jul 12 2007 // Rockhill Holdings recently announced the acquisition of Plaza Insurance Co. (PIC), formerly National Alliance Insurance Co. PIC is a Mo.-domiciled property/casualty insurer admitted in 38 jurisdictions. Initial lines of...
Farmers Acquires Right to Use Subordinated Notes for Severe Cat Losses
Jul 12 2007 // Farmers Insurance Group has entered into a committed capital facility providing the company the right to issue $500 million of regulatory capital to cover catastrophic losses over the next five years in the United States....
