Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
State Auto Group Completes Merger with Beacon; ‘A’ Ratings Unaffected
Mar 30 2007 // Standard & Poor’s Ratings Services reported that ratings on the members of State Auto Group (A/Stable/) were not affected by State Auto’s recently completed purchase of Beacon Insurance Co. With the...
Fairfax to Buy More Cunningham Lindsey Shares
Mar 30 2007 // Toronto-based Fairfax Financial Holdings Limited announced that it has entered into an agreement to purchase 1,031,090 subordinate voting shares of Cunningham Lindsey Group Inc. from a group of third party...
Ind. Leisure/Sports Partners with RLI’s Target Market Specialists
Mar 30 2007 // Ind.-based Leisure/Sports Specialists, LLC (LSS), a privately held underwriting organization that distributes specialty sports and leisure insurance products through retail brokers, recently announced that it has...
Pa. Seeks Public Input on Possible Merger of 2 Biggest Health Plans
Mar 29 2007 // Acting Pennsylvania Insurance Commissioner Randy Rohrbaugh reacted to the announcement from the boards of Highmark Blue Shield and Independence Blue Cross of their intent to combine their operations, promising to keep...
AXIS Capital to Acquire Aon’s Media/Professional Insurance
Mar 29 2007 // AXIS Capital, a global specialty commercial property and casualty insurer and reinsurer, has agreed to acquire the assets and operations of Media/Professional Insurance (Media/Pro), a managing general underwriter...
Hub Partners with Hiscox to Roll Out High Risk Homeowners Policy
Mar 28 2007 // Ciicago-based Hub International Personal Insurance, a division of Hub International Limited , has launched HUBPro, a homeowners’ insurance product designed for people living in areas that have a high risk of...
Va.’s Alliance Bankshares Buys Fredericksburg Agency
Mar 28 2007 // Alliance Bankshares Corp., based in Chantilly, Va., said its subsidiary, Alliance Insurance Agency, Inc., has acquired certain assets and liabilities of the Thomas Agency, Inc., trading as Fredericksburg Insurance Group in...
Ill. Speciality Underwriters Contracts with New Partner
Mar 27 2007 // Specialty Underwriters’ Alliance, Inc., through its subsidiary SUA Insurance Co., today announced a new Partner Agent agreement with Flying Eagle Insurance Services, Inc. (“Flying Eagle”) to market and...
Max Re Approved to Acquire, Operate U.S. E&S Company
Mar 27 2007 // Bermuda-based Max Re Capital Ltd. announced that it has received regulatory approval from the Delaware Department of Insurance to acquire a U.S.-based excess and surplus lines company. Max Re (which is also in the process...
Minn. Senate Okays Insurance for Same-sex Partners of State Workers
Mar 26 2007 // The Senate on Saturday voted to allow same-sex partners of state workers to buy into the state’s health insurance program, even as opponents charged it was a stealth attempt to clear a path for legalized gay...
Brown & Brown Acquiring N.J.’s Grinspec, Public Entity Group Specialist
Mar 26 2007 // Florida-based insurance broker Brown & Brown, Inc. is acquiring Grinspec, Inc., an insurance intermediary with offices in New Providence and Moorestown, New Jersey. Brown & Brown, Inc. said it will acquire all of...
With Acquisition, North Texas Agency has Second Location
Mar 26 2007 // Powter Insurance Agency Inc. of McKinney, Texas, announced it purchased Arlington, Texas-based Anchor Insurance Agency Inc. from Ron Brown. The Arlington location will be Powter Insurance Agency’s second...
Aon UK Partners with InterResolve for Liability Claims Processing
Mar 20 2007 // InterResolve, an independent claims resolution specialist, and Aon Limited, the UK division of Chicago-based Aon Corp., announced that they have concluded a partnership “to provide UK corporate businesses with faster...
S&P Puts Germany’s Union on CreditWatch Pending Merger
Mar 20 2007 // Standard & Poor’s Ratings Services has placed its “A-” long-term counterparty credit and insurer financial strength ratings on Germany’s UNION Versicherungs-AG (Union) on CreditWatch with...
Best Withdraws Insurance Corp. of Newfoundland Rating Due to Merger
Mar 19 2007 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of “B++” (Good) and assigned a category of “NR-5” (Not Formally Followed) to Canada’s Insurance Corporation of Newfoundland...
AXA to Buy Korean Direct Auto Insurer
Mar 19 2007 // France’s Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer. The announcement did not state the purchase...
Arthur J. Gallagher Acquires Florida Life Wholesaler, The Producer’s Choice
Mar 15 2007 // Arthur J. Gallagher & Co. has acquired The Producer’s Choice, Inc. of Coral Springs, Florida. Terms of the transaction were not disclosed. Founded in 1992, The Producer’s Choice, Inc. is a managing general...
C.V. Starr Creates Global Accident, Health Unit; Partners with Chubb
Mar 15 2007 // Complementing its existing areas of specialty businesses, C. V. Starr & Co., Inc. has organized a global accident and health company. To be headquartered in Greenwich, Conn., Starr Global Accident & Health...
Beazley Acquires Health Care Specialist Sapphire Blue
Mar 13 2007 // Beazley Group has agreed to acquire Sapphire Blue, an agency specializing in professional liability insurance for U.S. health care institutions, particularly long term care facilities. The transaction significantly...
Catlin’s 2006 Results Rise on Wellington Acquisition
Mar 12 2007 // Catlin Group Limited announced financial results for the year ended December 31, 2006 that exceeded the expectations of most analysts. The Bermuda-based Company not only managed to smoothly absorb its acquisition of...
