Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Atlanta’s Beecher Carlson Partners with Old Lane
Jan 24 2008 // Beecher Carlson is partnering with Old Lane, a Citigroup company, to further accelerate its expansion. Led by Tom Golub, chairman and chief executive officer and Steve Denton, president and chief operating officer, Beecher...
Berkshire Hathaway Buys 3% Stake in Swiss Re; Reinsurance Pact Signed
Jan 23 2008 // Swiss Re announced today that Berkshire Hathaway has acquired a three percent stake in the company. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss...
Major China Insurer Ping Selling Shares to Finance Acquisitions
Jan 23 2008 // A major Chinese insurer has announced plans to raise up to $22 billion (euro15.0 billion) for acquisitions at a time when U.S. and European banks, battered by mortgage losses, want infusions of Asian capital to replenish...
Brown & Brown Buys Michigan’s Smith-Peaboy-Stiles Insurance
Jan 23 2008 // J. Scott Penny, regional executive vice president of Brown & Brown, Inc., and James “Jim” Peabody, president of Smith-Peabody-Stiles Insurance Agency, Inc., with offices in Fenton and Brighton, Mich.,...
National Insurance Partners Opens San Antonio Office
Jan 23 2008 // National Insurance Partners (NIP) reported it has opened an office in San Antonio as part of the firm’s effort to expand product offerings and its presence in the Texas marketplace. Melinda Garren was brought on as...
N.M. Domestic Partnership Bill Goes to House
Jan 23 2008 // A proposal to allow for domestic partnerships is advancing to the New Mexico House for consideration. Gov. Bill Richardson supports the measure to give unmarried couples — homosexual or heterosexual — the same...
PartnerRe Announces $74 Million Write-Down of Channel Re Investment
Jan 18 2008 // PartnerRe Ltd. joined its Bermuda neighbor RenaissanceRe in announcing that it “expects to record a non-operating charge of $74 million to write-down its total investment in Channel Re.” PartnerRe has a 20...
Best Sees No Change in PartnerRe Ratings from Channel Re Write Down
Jan 18 2008 // A.M. Best Co. indicated that its issuer credit rating (ICR) of “a-” of PartnerRe Ltd. and the financial strength rating of ‘A+’ (Superior) and ICR of “aa-” of PartnerRe Group (Hamilton,...
McQueary Henry Bowles Troy Names New Partner
Jan 16 2008 // Privately owned insurance and risk management firm McQueary Henry Bowles Troy L.L.P. (MHBT), based in Dallas, named David Ball a partner in the firm. Ball, previously vice president in the property and casualty group in...
S&P Affirms, Withdraws Westport Ratings after Merger with Employers Re
Jan 16 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ financial strength rating on Westport Insurance Corp. and then withdrew the rating at the request of management. The outlook had been...
UK’s Chartered Insurance Institute in Middle East Training Partnership
Jan 15 2008 // The UK’s Chartered Insurance Institute (the CII Group) announced “a strategic partnership for the Middle East” with JWZ Insurance Solutions, a newly-formed insurance training and educational consultancy...
Watchorn Joins Willis M&A Practice Group
Jan 15 2008 // Willis Group Holdings has appointed Alena Watchorn to its Mergers & Acquisitions Practice Group as an Executive Director. She joins Willis from HSBC Insurance Brokers, where she headed up the corporate finance team...
Hanover Insurance to Acquire Chemical Industry Insurer Verlan
Jan 14 2008 // Worcester, Mass.-based The Hanover Insurance Group, Inc. has agreed to acquire Verlan Holdings, Inc., a Silver Spring, Maryland-based holding company that provides insurance to manufacturers and distributors of...
Momentum Strong for Broker M&As in October, November
Jan 13 2008 // Stock Prices: Aon Corp. (NYSE:AOC) continued to outperform the sector, up a remarkable 43.1 percent year-to-date. The company reported third quarter 2007 results at the end of October. Net income increased 92 percent to...
Workers’ Comp Writer Employers Holdings to Acquire AmCOMP
Jan 11 2008 // Employers Holdings, Inc. of Reno, Nev., reports it has agreed to acquire AmCOMP Inc. for approximately $230 million, including the assumption of $37 million in debt. The acquisition will expand Employers’...
Progressive Buys Naming Rights to Cleveland Indians’ Ballpark
Jan 11 2008 // In March of 1937, Steve O’Neill was managing the Cleveland Indians, the team was at spring training in New Orleans and preparing for another season at League Park at Lexington and East 66th Street in Cleveland. At...
Lighthouse Underwriters Sells Retail Non-Profit Book to Cooley and Darling
Jan 10 2008 // Cooley and Darling Insurance Agency Inc. (www.cd-insure.com), a new retail agency based in Haymarket, Va., has acquired the retail book of non-profit business from Lighthouse Underwriters LLC, a member company of U.S. Risk...
Beecher Carlson Acquires Phoenix’s Alliance Insurance Group
Jan 9 2008 // Atlanta-based Beecher Carlson insurance brokerage has acquired Phoenix-based Alliance Insurance Group. Financial terms of the transaction were not disclosed. The acquisition supports its plan to partner with firms where...
CNinsure to Acquire 60% Stake in Hubei Insurance Agency
Jan 9 2008 // CNinsure Inc., an independent Chinese insurance agency and brokerage company, announced the signing of a definitive agreement to acquire a 60 percent stake in Hubei East Century Insurance Agency Co., Ltd. The transaction...
Swiss Re to Acquire 25% Stake in Vietnam National Re
Jan 9 2008 // Swiss Re announced that it has entered into an agreement to acquire a 25 percent stake in Vietnam’s leading reinsurance provider, Vietnam National Reinsurance Corporation (VinaRe), for VND1.3 trillion (approximately...
