Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Stromme named Partner at Alexander Morford & Woo
Jun 12 2007 // Peggy Stromme has been named a partner in Alexander Morford & Woo Inc., an independently owned national wholesale insurance brokerage that specializes in the placement of difficult-to-place or complex commercial...
Investment Manager D.E. Shaw Set to Acquire Specialty Insurer James River
Jun 11 2007 // Global investment manager D. E. Shaw group has organized a Bermuda-based holding company to acquire James River Group, Inc. a North Carolina- based excess and surplus and workers’ compensation insurer, in a...
AXA, BNP Establish Partnership for Ukraine Insurance Market
Jun 8 2007 // French insurer AXA and BNP Paribas, a major French banking group, have reached an agreement for the establishment of a partnership on the Ukrainian P/C insurance market. AXA will acquire from BNP Paribas’ subsidiary...
Hilb Rogal & Hobbs Acquire Kan. Charlton Manley, Inc.
Jun 8 2007 // Hilb Rogal & Hobbs Company, an insurance and risk management intermediary, recently announced that it has signed a definitive agreement to acquire substantially all of the assets of Charlton Manley, Inc. (Charlton...
Hilb Rogal Hobbs to Buy Kansas Agency, Charton Manley
Jun 6 2007 // Virginia-based insurance broker Hilb Rogal & Hobbs Co. has agreed to acquire substantially all of the assets of Charlton Manley, Inc. , a Kansas-based retail property and casualty insurance agency and brokerage and...
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...
