Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Appalachian Underwriters Buys Florida Brokerage Business
May 16 2007 // Nationwide managing general agency Appalachian Underwriters, Inc. of Oak Ridge, Tenn., has completed the purchase of the renewal rights to the brokerage business of Creative Insurance Underwriters in Florida. “It was...
AmWINS to Buy American Equity Underwriters
May 15 2007 // Wholesale broker AmWINS Group, Inc. has agreed to acquire American Equity Underwriters, Inc. (AEU), a Mobile, Alabama-based national provider of insurance programs for maritime employers with expertise in United States...
PartnerRe Increases Share Buy-backs
May 14 2007 // The Board of Directors of Bermuda-based PartnerRe Ltd. has approved an increase in the Company’s stock repurchase authorization for a total of up to 5 million common shares. The new authorization represents “an...
Mich. North Pointe Acquires Capital City for $41 Million
May 14 2007 // Mich.-based North Pointe Holdings Corp. today announced that it has entered into a purchase agreement to acquire all of Capital City Holding Company Inc.’s outstanding stock. In addition, the purchase of this...
Arthur J. Gallagher Acquires Ill. Tropp & Co.
May 11 2007 // Arthur J. Gallagher & Co. recently announced the acquisition of Tropp & Co., headquartered in Lake Forest, Ill. Terms of the transaction were not disclosed. Tropp & Co. is a retail insurance broker offering...
Texas-based P/C Consulting Firm Acquires Pennsylvania’s Apteon
May 11 2007 // CastleBay Consulting Corporation, a consulting services firm headquartered in Austin, Texas, and specializing in providing high impact consulting services to the property/casualty insurance market, announced that it has...
SCOR and Converium Reach Friendly Merger Agreement
May 10 2007 // Somebody at SCOR must have seen “The Godfather” recently, as the French reinsurer finally made Converium an offer it couldn’t refuse. After nearly three months of wrangling and battling press releases the...
Munich Re Buys Bell & Clements
May 9 2007 // Munich Re has acquired the Bell & Clements Group, an insurance and reinsurance broker, which operates in the UK from its London offices and in the U.S. from its headquarters in Reston, VA. The press announcement said:...
Sonae Buys 14% Stake in Cooper Gay
May 9 2007 // The London-based Cooper Gay Group announced that SC Insurance and Risk Services, SGPS, SA, a subsidiary of the Portuguese corporation Sonae SGPS, S.A., has agreed to terms for the acquisition of approximately 14 percent of...
GMAC Insurance to Buy U.K. Auto Insurer Provident Financial
May 9 2007 // GMAC Insurance, the insurance business of GMAC Financial Services, has agreed to acquire Provident Insurance, the United Kingdom-based auto insurance division of Provident Financial PLC. The acquisition will complement...
Hilb Rogal & Hobbs Acquires South Central-based Global Special Risks
May 8 2007 // Hilb Rogal & Hobbs Company (HRH) announced that it acquired the operating assets of Global Special Risks LLC, effective May 1, 2007. The terms of the transaction were not disclosed. Global Special Risks (GSR), an...
Commercial insurers’ stock trades down in first quarter; M&As slow as well
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
Commercial insurers’ stock trades down in first quarter; M&As slow as well
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
Brit Sells Majority Stake in RI3K to London Investors
May 4 2007 // If you build a better insurance trading platform, the world will beat a path to your door. Well, maybe not the world, but a group of sophisticated investors from “the City” (London’s financial heart) came...
United Heritage Acquires N.C.’s Alliance Mutual Insurance
May 2 2007 // Alliance Mutual Insurance Company, headquartered in Greensboro, N.C., and United Heritage Financial Group, Inc., based in Meridian, Idaho, have reached a preliminary agreement under which United Heritage will acquire...
Pa. Two Largest Health Insurers Say Merger Won’t Hurt Competition
May 2 2007 // Pennsylvania’s two largest insurance companies have formally asked state regulators to approve a change in control of their subsidiaries that would take effect when the nonprofit companies merge. Independence Blue...
Citi to Acquire BISYS for $1.47 Billion; Crump to Get Insurance Group
May 2 2007 // Financial services outsourcing firm and insurance wholesaler BISYS has agreed to be acquired by global financial giant Citi. Under the deal, Citi would acquire all of the outstanding shares of BISYS in a transaction valued...
Symetra Financial To Acquire Medical Risk Managers
May 2 2007 // Bellevue, Wash.-based Symetra Financial has announced a definitive agreement to acquire Medical Risk Managers Inc. of South Windsor, Conn. The deal is expected to close by the end of second quarter 2007 and be accretive to...
Commissioner Urges Floridians to Buy Flood Insurance
Apr 30 2007 // Florida Insurance Commissioner Kevin McCarty urged Floridians to purchase flood insurance to protect their homes. McCarty’s warning comes in anticipation of the 2007 hurricane season which officially begins June 1....
Arthur J. Gallagher & Co. Buys Texas’ Melton Insurance Associates
Apr 27 2007 // Ill.-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co. announced it has aqcuired Melton Insurance Associates Inc. of Odessa, Texas. Terms of the transaction were not...
