Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Progressive, Asi Lloyds Partner to Offer Discounts in Texas
Jun 6 2007 // Progressive County Mutual, a member of the Progressive Group of Insurance Companies, and ASI Lloyds announced they will each offer discounts on their products to Texans who buy both through a local independent insurance...
Republic CEO: P/C mergers and acquisitions likely to ‘skyrocket’
Jun 4 2007 // The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional carrier, and they are going to be looking for somewhere to put that cash to work....
Oklahoma trails nation in funding for uninsured
Jun 4 2007 // Despite its high percentage of uninsured residents, Oklahoma trails 48 other states in garnering its share of federal funding to provide health care for those without insurance, according to state officials. Oklahoma has...
Republic CEO: P/C mergers and acquisitions likely to ‘skyrocket’
Jun 4 2007 // The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional insurer, and they are going to be looking for somewhere to put that cash to work....
Oklahoma trails nation in funding for uninsured
Jun 4 2007 // Despite its high percentage of uninsured residents, Oklahoma trails 48 other states in garnering its share of federal funding to provide health care for those without insurance, according to state officials. Oklahoma has...
Feds See No Antitrust Reason to Block Pa. Health Insurers’ Merger
Jun 1 2007 // Federal antitrust regulators this week approved a merger between Pennsylvania’s two largest health insurers. The Federal Trade Commission gave the green light to the marriage between Highmark Inc. of Pittsburgh and...
Pa. Gov. Urges Thorough State Review of Health Insurer Merger
Jun 1 2007 // Pennsylvania Governor Edward G. Rendell has renewed his call for a change in law to permit an in-depth state review of the proposed merger of Independence Blue Cross and Highmark Inc., Pennsylvania’s two largest...
Arthur J. Gallagher Acquires Ind. Woods & Grooms
Jun 1 2007 // Arthur J. Gallagher & Co. has announced the acquisition of Woods & Grooms, Inc. of Columbus, Ind. Terms of the transaction were not disclosed. Woods & Grooms is a retail insurance broker and group captive...
Hauge Named Partner at Sonnenschein Nath & Rosenthal
Jun 1 2007 // Sonnenschein Nath & Rosenthal LLP has named David F. Hauge a partner in the Insurance Regulatory Practice Group, in the company’s Los Angeles office. Hauge has more than 30 years of experience in the insurance...
S&P Affirms PartnerRe Ratings; Raises Outlook to Stable
May 31 2007 // Standard & Poor’s Ratings Services has revised its outlook on PartnerRe Ltd. and its operating subsidiaries– Partner Reinsurance Co. Ltd., PartnerRe S.A., and Partner Reinsurance Co. of U.S. (collectively,...
Aetna Buys Schaller Anderson Inc. for $535 Million
May 29 2007 // Aetna Inc. in Hartfors, Con. has agreed to buy a Phoenix-based company that manages health care for Medicaid plans and administers employers’ self-funded health plans. The Hartford-based insurer announced Thursday...
Budget Agreement to Provide Okla. Fire Departments with Funding
May 29 2007 // Oklahoma fire departments will be receiving much-needed funding for new equipment under a budget package recently approved by the Legislature. Under the agreement, $2.5 million in funding will be deposited into a revolving...
Titan Acquires Eastwood Insurance
May 24 2007 // THI Holdings (Delaware) Inc., a Nationwide company, through one of its agency subsidiaries, has acquired Anaheim Hills, Calif.-based Eastwood Insurance Services Inc. The assets of Eastwood totaled $217 million. Financials...
PartnerRe Acquires MCR’s Int’.l Renewal Rights; Best Comments
May 24 2007 // Bermuda’s PartnerRe Ltd. has signed a definitive agreement with the French Monceau Group, effective July 1, 2007, to acquire the renewal rights for the international reinsurance business of Mutuelle Centrale de...
HRH to Acquire Denver Broker Urman
May 23 2007 // Large insurance broker Hilb Rogal & Hobbs Co., based in Richmond, Va., has agreed to acquire the stock of The Urman Co., a Denver-based retail employee benefits and property and casualty brokerage. Terms of the...
Business Risk Partners, Praetorian Offer Small-Middle Market D&O
May 23 2007 // Business Risk Partners and Praetorian Financial Group are launching insurance products: Private Accord and Excess Guardian. Private Accord is a directors and officers liability package product for small and middle market...
Allianz Acquires Russian P/C Insurer
May 22 2007 // Germany’s Allianz further expanded its presence in the Russian insurance market with the announcement that it has “finalized the acquisition of the P/C insurer Progress-Garant.” Allianz purchased all of...
West Va.’s Summit Financial Acquires Kelley Agencies of Va.
May 21 2007 // West Virginia-based Summit Financial Group, Inc. has agreed to acquire Kelly Insurance Agency, Inc. and Kelly Property and Casualty Inc. headquartered in Leesburg, Virginia for $6.2 million in stock. The acquisition of the...
CRM Shows Benefits of Majestic Acquisition, Twin Bridges Reinsurance
May 21 2007 // Workers’ compensation insurer CRM Holdings, Ltd. In Bermuda recently reported a 135 percent increase in its revenue to a record $34.7 million in the first quarter. The company said it continues to benefit from its...
Validus to Acquire Talbot Holdings; Best Puts Ratings under Review
May 16 2007 // Bermuda-based Validus Holdings, Ltd. has entered into a share sale agreement to acquire all of the outstanding shares of Talbot Holdings Ltd. from the institutional investors, employees and management who currently own...
