Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Flexpoint Partners Acquires Pa.’s Norwich Group
Mar 9 2007 // Flexpoint Partners, LLC acquired a majority interest in Rosemont, Pa.-based Norwich Group, Inc. and its affiliated companies via a newly formed holding company. Norwich develops, implements and administers commercial...
Okla.’s Oden Insurance Services Acquired by Thomson Corp.
Mar 9 2007 // The Thomson Corporation, based in Eagan, Minn., announced the acquisition of Tulsa, Okla.-based Oden Insurance Services Inc., a provider of insurance compliance and advisory information and workflow tools. Oden will be...
The Hartford Sells Medical Stop Loss Business to UnitedHealth Unit
Mar 7 2007 // The Hartford Financial Services Group, Inc. has agreed to sell its medical stop loss insurance business to National Benefit Resources, Inc. (NBR), a subsidiary of UnitedHealth Group, Inc. The transaction is expected to...
Zurich’s Farmers Group to Buy U.S. Auto Insurer Bristol West
Mar 5 2007 // Swiss insurer Zurich Financial Services AG said Friday that an American subsidiary intends to buy Bristol West Holdings Inc. for around $712 million, helping to beef up the Swiss insurer’s U.S. operations. Bristol...
Unitrin Acquiring Personal Lines Insurer Merastar for $45 Million
Mar 5 2007 // Unitrin, Inc. reports that its subsidiary, Trinity Universal Insurance Co., is buying Merastar Insurance Co. certain of its affiliates in a cash transaction valued at approximately $45 million. Merastar Insurance is based...
Two Giant Glass Repair Firms Become One as Belron Acquires Safelite
Mar 5 2007 // Belron S.A., a large vehicle glass repair and replacement company, has completed its acquisition of another, Safelite Group Inc. According to Dan Wilson, president and chief executive officer.f the new joint organization...
Mich. Brown & Brown Acquires Alcos
Mar 1 2007 // Brown & Brown, Inc. and Alcos, Inc., headquartered in Sterling Heights, Mich., today announced the completion of the previously announced acquisition by Brown & Brown, Inc. of Alcos, Inc. Alcos, with annualized...
ICAP and JLT Announce Joint Venture
Feb 28 2007 // ICAP plc, a leading interdealer broker, and UK-based broker Jardine Lloyd Thompson have agreed to establish a joint venture company owned equally by the two groups. They plan to “operate in areas where the market for...
U.S. Risk Acquires E.M. Morrow Agency
Feb 27 2007 // U.S. Risk Insurance Group Inc. has expanded its California operations by acquiring E.M. Morrow Insurance General Agency Inc., in Oakland, Calif. E.M. Morrow has served the California property and casualty market for 30...
Stock prices mixed; middle market M&As remain active
Feb 26 2007 // Stock Prices: Brokers’ stock prices were mixed as 2006 came to a close. The two largest brokers did not fare well in 2006 as Marsh & McLennan Company Inc.’s (NYSE:MMC) stock was down 1.2 percent for the...
Stock prices mixed; middle market M&As remain active
Feb 25 2007 // Stock Prices: Brokers’ stock prices were mixed as 2006 came to a close. The two largest brokers did not fare well in 2006 as Marsh & McLennan Co. Inc.’s (NYSE:MMC) stock was down 1.2 percent for the year...
M.J. Hall & Company Acquires Cravens, Leffler & McCormick
Feb 21 2007 // M.J. Hall & Co. based in Stockton, Calif., has acquired the Walnut Creek, Calif.-based Cravens, Leffler & McCormick’s book of insurance business in an asset purchase effective Feb. 1, 2007. Cravens, Leffler...
SCOR Acquires 32.9% of Converium; Makes Unsolicited Bid; S&P Comments
Feb 19 2007 // France’s SCOR Group announced that it has acquired 32.9 percent of the share capital of Swiss-based reinsurer Converium Holding AG. SCOR said it “strongly believes that the combination of Converium and SCOR is...
PHLY’s Maguire Buys Renewals of Calif. Agency Targeting Fitness Industry
Feb 16 2007 // Maguire Insurance Agency, Inc., a subsidiary of Philadelphia Consolidated Holding Corp (PHLY), has purchased the renewal rights to the policies issued through the Fitness and Wellness Insurance Agency of Solana Beach,...
S&P Affirms, Withdraws Toro Ratings after Generali Acquisition; Nuova Tirrena Ratings Lowered, Withdrawn
Feb 14 2007 // Standard & Poor’s Ratings Services announced that it has affirmed its “AA-” long-term counterparty credit and insurer financial strength ratings on Italy’s Toro Assicurazioni SpA with a stable...
Hiscox Acquires Dutch Art Insurer’s Renewal Rights
Feb 14 2007 // Hiscox, the Bermuda-based Group that specializes in fine arts coverage in the US and the UK, “announced the acquisition of the renewal rights of Eriks Assuradeuren, a Dutch insurer specializing in commercial fine...
Zurich Acquires Majority Stake in Russia’s NASTA
Feb 14 2007 // The Zurich Financial Services Group has signed an agreement for the purchase of a majority stake in OOO NASTA Insurance Company, headquartered in Moscow, Russia. “In combination with Zurich’s existing Russian...
Va.’s Johnson & Strachan Acquires Progressive Management Associates
Feb 14 2007 // Johnson & Strachan Inc., a commercial and personal insurance agency in Fairfax, Va., has acquired Progressive Management Associates, Inc., an independent insurance agency specializing in employee benefits. Under terms...
HUB International to Acquire La.’s Hibernia Insurance Agency
Feb 14 2007 // Chicago-based HUB International Limited announced it has agreed to acquire substantially all of the assets of Louisiana-based insurance brokerage, Hibernia Insurance Agency L.L.C. Hibernia Insurance, an $18 million revenue...
Broker Bollinger in Buying Mood: Acquires 2 N.J. Agencies
Feb 13 2007 // Bollinger, Inc., one of the country’s largest insurance brokers, has acquired two New Jersey insurance agencies. The agencies are The Peter Duffy Agency, in Green Village, and Patchett, Grode & Topp, in...
