Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
MyNewMarkets.com Exchange Sells Out Sponsorships
Jan 8 2008 // SAN DIEGO, January 8, 2008 – Insurance Journal’s MyNewMarkets.com has sold out all gold and silver level sponsorships of it’s inaugural MyNewMarkets.com Exchange Conference scheduled for February 15, 2008...
Georgia Insurance Agency Announces Acquisition of Magnum OPUS
Jan 8 2008 // Carrollton, Ga.-based Britt/Paulk Insurance Agency Inc., acquired Idaho-based Magnum OPUS and all of its assets in a transaction that took effect on Jan.1. Magnum OPUS will begin operating as the Britt/Paulk Boise, Idaho...
Hub International Acquires Montana Agency
Jan 8 2008 // Hub International Ltd. announced that Hub International Transportation Insurance Services Inc. (HUB Transportation) has acquired all of the assets of Billings, Mont.-based Lenhardt Insurance Agency Inc., an insurance...
Stanard, Fox Partner With Insight Catastrophe Group
Jan 8 2008 // Insight Catastrophe Group, a specialty provider of property catastrophe risk management and underwriting services, announced a partnership with Jim Stanard and Rod Fox through their newly-formed organization, New Asset...
Swiss Re’s Westport Insurance Announces Two Mergers
Jan 8 2008 // Swiss Re’s Westport Insurance Corp. has announced a merger with Employers Reinsurance Corp. Both are U.S. domiciled corporations. Employers Reinsurance Corp. also maintains a Canadian Branch. In the merger, Employers...
R.I.’s Narragansett Bay Insurance to Use $200M Funding to Expand in East
Jan 8 2008 // Narragansett Bay Insurance Co. in Rhode Island has sealed a deal to obtain $200 million from three private equity investors. The company said the equity will be used to grow the company’s homeowners business along...
Hub International Acquires JRN Benefits
Jan 7 2008 // Hub International Ltd. announced that Hub International of California Insurance Services Inc. (HUB California) has acquired JRN Benefits, Inc. Financial terms of the acquisition were not disclosed. Based in Santa Barbara,...
White Mountains Acquires Helicon Re
Jan 7 2008 // Bermuda-based White Mountains Insurance Group, Ltd. announced that its subsidiary White Mountains Re has acquired Helicon Re Holdings, Ltd. for approximately $150 million. Helicon Re Holdings is the parent of Helicon...
Ala.: Birmingham’s Casualty & Surety Buys JC Shannon Insurance
Jan 4 2008 // Birmingham, Ala.-based property and casualty brokerage firm, Casualty & Surety Inc., acquired JC Shannon Insurance Services Inc., of Fresno, Calif. JC Shannon specializes in truck physical damage and cargo coverage,...
QBE Americas to Acquire North Pointe
Jan 4 2008 // Australia’s QBE announced that it has signed a definitive agreement to acquire North Pointe Holdings Corporation, a NASDAQ listed, US-based P/C insurance group. The acquisition is subject to the approval of...
Arthur J. Gallagher Acquires Wholesaler AVRECO
Jan 4 2008 // Arthur J. Gallagher & Co. recently announced the acquisition of AVRECO, based in Chicago, from The Park Group, Inc. The transaction was effective Dec. 31, 2007 and terms were not disclosed. Founded in 1962, AVRECO is...
Arrowhead’s Merger is Complete For its Workers’ Compensation Program
Jan 3 2008 // San Diego, CA – ARROWHEAD General Insurance Agency, Inc. is pleased to announce that effective January 1, 2008, the company will have completed the integration of Cypress Point-Arrowhead General Insurance Agency,...
Brown & Brown Acquires Okla.-based Turner & Associates
Jan 3 2008 // Through a subsidiary, Brown & Brown Inc. has acquired Tecumseh, Okla.-based Turner & Associates Insurance Agency Inc., the companies announced. Turner & Associates, with annualized revenue of approximately...
HCC Acquires MultiNational Underwriters; Approved for Lloyd’s Syndicate
Jan 3 2008 // Houston-based HCC Insurance Holdings Inc. announced it acquired Indianapolis, Ind.-based MultiNational Underwriters LLC (MNU), which specializes in international life, accident and health insurance, offering coverage to...
Swett & Crawford Group Acquires Ark. Workers’ Comp Brokerage
Jan 3 2008 // Wholesale insurance intermediary Swett & Crawford Group Inc., reported the acquisition of Little Rock, Ark.-based Risk Reducers LLC, a wholesale insurance broker specializing in workers’ compensation. Based in...
R.E. Chaix & Associates Acquires Katie Freeman Insurance Services
Jan 3 2008 // R.E.Chaix & Associates Insurance Brokers Inc. has agreed to purchase Katie Freeman Insurance Services Inc., according to Timothy Chaix, president of R.E.Chaix & Associates and Katie Freeman. Neither...
Atlantic American Sells P/C Business to Missouri’s Columbia Mutual
Dec 28 2007 // Atlanta-based Atlantic American Corp. has agreed to sell its property/ casualty unit to Columbia Mutual Insurance Co. of Columbia, Missouri, part of the Columbia Insurance Group. The regional property and casualty business...
AXA to Buy 36.7 % Stake in Russia’s RESO
Dec 27 2007 // France’s AXA Group announced that it has reached an agreement with the shareholders of Russia’s second largest insurance agent network, Reso Garantia (RESO), to acquire a 36.7 percent stake in the company for a...
Allianz Sells Property Portfolio to Whitehall Funds for $2.45 Billion
Dec 21 2007 // Allianz Immobilien GmbH, a real property investment subsidiary of German insurer Allianz SE, has sold a portfolio of commercial property worth some €1.7 billion ($2.45 billion) to subsidiaries of the Whitehall Funds,...
Arthur J. Gallagher Acquires School Specialist Koster Insurance in Mass.
Dec 20 2007 // Insurance broker Arthur J. Gallagher & Co. reports it has acquired Koster Insurance Agency, Inc. of Quincy, Mass. Terms of the transaction were not disclosed. Founded in 1994, Koster Insurance Agency, Inc. specializes...
