Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Zurich Closes NASTA Acquisition
Apr 4 2007 // Zurich Financial Services Group announced the completion of the acquisition of 66 percent of OOO NASTA Insurance Company, a leading Russian personal lines insurer. Zurich entered into an agreement for the purchase of a...
Fla.-based Brown & Brown Buys Houston’s United Employers
Apr 4 2007 // Brown & Brown Insurance Services of Texas Inc., a subsidiary of Fla.-based Brown & Brown Inc., acquired the assets of Houston-based United Employers Insurance Agency Inc. United Employers Insurance Agency, is a...
Alea Posts Earnings; Agrees to be Acquired by FIN Acquisition
Apr 4 2007 // Concurrent with the release of its final results for 2006, the Alea Group announced that it has “reached agreement on the terms of a recommended cash acquisition of Alea by FIN Acquisition, a company formed at the...
Proposed Trauma Center Funding Fails in Ark. Legislative Committee
Apr 4 2007 // Another attempt to fund a statewide trauma center system in Arkansas by adding a tax to insurance policies failed to win the endorsement of a legislative conference committee April 2, effectively killing it. A proposal by...
Concentra Sells Workers’ Comp Network Services to Coventry
Apr 3 2007 // Addison, Texas-based Concentra Operating Corporation reported it has completed the previously reported sale of its workers’ compensation managed care services business units to Maryland-based Coventry Health Care...
Ohio Casualty Sponsors Agent Branding Program, The Partnership
Apr 3 2007 // Ohio Casualty Group® today has announced its sponsorship of two key projects of the National Association of Professional Insurance Agents (PIA). The company is an official sponsor of the PIA Branding Program, Local Agents...
Northeast Bank Acquires Southern Maine Agency
Apr 2 2007 // Northeast Bank Insurance Group, Inc., a wholly-owned subsidiary of Maine-based Northeast Bank, continues acquiring insurance agencies in Maine. The latest acquisition is Southern Maine Insurance Agency, located in...
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...
