Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Congress Seeks Review of SEC’s Enforcement Division Staffing, Funding
Apr 2 2008 // Congressional investigators have been asked to review whether the U.S. Securities and Exchange Commission has enough enforcement staff and funding to properly police the markets amid the current credit crisis, Senator Jack...
Royal & Sun Acquires Ireland’s Sertus
Apr 2 2008 // The UK-based Royal & SunAlliance Insurance Group has acquired Sertus Underwriting Limited in Ireland. It has already obtained local regulatory approval for the deal. “Sertus Underwriting Limited is a...
Unitrin Completes Acquisition of Fire and Life Insurer Primesco
Apr 2 2008 // Unitrin, Inc. reported that it has completed its previously announced acquisition of Primesco, Inc. of Decatur, Alabama, in a cash merger transaction valued at $95.6 million. Primesco’s wholly-owned subsidiaries,...
Atlantic American Sells its Regional Property and Casualty Operations
Apr 1 2008 // Atlanta-based Atlantic American Corp. sold its regional property and casualty operations to Columbia Mutual Insurance Co. of Columbia, Mo. Included in the sale are Association Casualty Insurance Co,, Association Risk...
American E&S Acquires Network E&S’ Brokerage Business
Apr 1 2008 // American E&S Insurance Brokers of San Francisco has acquired Network E&S’ brokerage book of business. Network E&S, a California-based wholesale broker, has agreed to sell the renewal rights of its...
Key New Jersey Flood Prevention Measures Not Getting Funding
Apr 1 2008 // Several measures to stop flooding in the flood-prone areas of New Jersey’s Passaic and Bergen counties are stalled over funding problems. The Record of Bergen County reported for Sunday’s newspapers that many...
Zurich Closes Turkish Deal; To Acquire 50% Stake in Spain’s Can Soluciones
Apr 1 2008 // Zurich Financial Services Group said it has completed the acquisition of 100 percent of Turkish general insurer TEB Sigorta A.S. from TEB Mali Yatirimlar A.S. (See IJ web site –...
ACE China Partner to Offer Pollution Coverage
Mar 31 2008 // The ACE Group of Companies announced that Huatai Insurance Company of China Limited, an ACE Group strategic partner, has received approval from the China Insurance Regulatory Commission (CIRC) to become one of the first...
Western Agents Association Partners With MexiPass Insurance
Mar 26 2008 // The Western Insurance Agents Association has engaged in a partnership with MexiPass Global Assurance, a Mexican insurance providers. MexiPass programs are underwritten by AIG-Mexico to introduce a new opportunity...
Castle Inspection Service Announces Partnership with Myriad Development, Inc.
Mar 24 2008 // Partnership Means Increased Inspection Management Options Salt Lake City, Utah (March 24, 2008) – Castle Inspection Service, a Division of Overland Solutions, Inc. (Castle) and Myriad Development, Inc. are pleased to...
Arthur J. Gallagher Acquires Healthcare Risk Solutions of Pa.
Mar 21 2008 // Illinois-based Arthur J. Gallagher & Co. reports it has acquired Healthcare Risk Solutions, LLC headquartered in Fort Washington, Pennsylvania. Terms of the transaction were not disclosed. Founded in 2002, Healthcare...
Ping An Buys Half of Fortis Asset Arm
Mar 20 2008 // China’s Ping An Insurance Co Ltd. deepened its ties with Belgian-Dutch financial group Fortis on Wednesday by buying half its asset management business for €2.15 billion ($3.4 billion). Ping An, China’s...
New York Regulators Urge Homeowners to Buy Flood Insurance
Mar 19 2008 // The Insurance Department of New York is telling property owners they “should act now” to buy flood insurance, as saturated ground conditions could worsen with heavy spring rains and increase the potential for...
Abacus, ACE USA Partner for Online Foreign Event Program
Mar 18 2008 // Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through abacus.net, has named ACE USA as its package carrier for the Abacus Foreign Event Program....
Max Cap to Buy U.S. Admitted Insurer
Mar 17 2008 // Max Specialty Insurance Company, of Richmond, Virginia, the U.S. excess and surplus lines unit of the Bermuda-based Max Capital Group Ltd., announced that it has agreed to acquire a U.S.-based admitted insurance company...
Arthur J. Gallagher Acquires Oklahoma’s Bankers Financial Benefits
Mar 14 2008 // Arthur J. Gallagher & Co. announced it has acquired Bankers Financial Benefits of Oklahoma City, Okla. Terms of the transaction were not disclosed. Established in 2001, Bankers Financial Benefits offers employee...
Bill to Increase Funding for Road Repair Passes Oklahoma House
Mar 14 2008 // Citing a new national study showing that major roads in Oklahoma’s metro centers are among the worst in the U.S., State Rep. Mike Thompson announced that House Bill 3342 – which would require that all car tag...
N.J.’s Palisades Insurance Acquiring National Atlantic, Proformance
Mar 13 2008 // A subsidiary of Palisades Safety and Insurance Association reported that it plans to acquire National Atlantic Holdings Corp., including its subsidiary, The Proformance Insurance Co. Under the terms of the agreement, each...
Zurich Services Corp. Partners with OSHA Fast Fix for Workplace Safety
Mar 13 2008 // Schaumburg, Ill.-based Zurich Services Corp.’s risk engineering division recently announced that it is collaborating with OSHA Fast Fix to help Zurich customers improve workplace safety, address the causes of...
Best Affirms Nationwide Financial’s Ratings; Comments on Acquisition
Mar 12 2008 // As indicated in the previous article (See above), A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of the core...
