Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
BISYS Acquires Atlanta-Based Truckwriters From Zurich Programs
Feb 9 2007 // BISYS Commercial Insurance Services, a provider of commercial property and casualty insurance solutions, acquired Truckwriters, Inc., an Atlanta based managing general agency owned by and writing business with Zurich...
Brown & Brown Buys Fla.’s Shapiro Insurance
Feb 9 2007 // Brown & Brown, Inc. has acquired Shapiro Insurance, Inc., of Tallahassee, Florida. Shapiro Insurance, with annualized revenues of approximately $3 million, is an insurance intermediary serving Florida, South Alabama...
Aviva’s Delta Lloyd to Acquire Erasmus Group BV
Feb 9 2007 // The UK’s Aviva plc announced that its Dutch subsidiary, Delta Lloyd Group, plans to acquire Erasmus Groep BV, based in Rotterdam, from Wüstenrot & Württembergische AG, based in Stuttgart, Germany. “The...
Kan. Brooke Corp. to Merge with Oakmont Acquisition
Feb 8 2007 // Brooke Corp. has announced that it has entered into a definitive agreement by which Brooke Credit Corp., its finance company subsidiary, to merge with Oakmont Acquisition Corp. The planned merger will result in Brooke...
Vanek Promoted to CEO of NLASCO; Acquisition by ARC Closed
Feb 7 2007 // Affordable Residential Communities Inc. of Englewood, Colo., announced the completion of its previously announced acquisition of Waco, Texas-based NLASCO Inc., a privately held property and casualty insurance holding...
Brown & Brown Reports Asset Acquisition of La. Agencies
Feb 7 2007 // Roy Bridges, regional executive vice president, responsible for Brown & Brown Inc.’s operations in Louisiana and other southeastern states, and Jerry J. Marcello, president of Marcello Agency Inc., American...
Best Upgrades Swiss Re’s GE Acquisitions to ‘A+’
Feb 6 2007 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to “A+” (Superior) from “A” (Excellent) and the issuer credit ratings (ICR) to “aa” from “a” of Employers...
Funding Gap Widens in Quest to Fix La.’s Highways
Feb 6 2007 // The Louisiana state highway department is finding itself in an increasing money pinch as repair demands run into rapidly escalating construction costs following hurricanes Katrina and Rita. The gap between construction...
N.J.-Based Marquis Agency Acquires Sharp & Assoc.
Feb 6 2007 // Woodbridge, N.J.-based The Marquis Agency announced the asset acquisition of Thomas J Sharp & Associates. The transaction will expand Marquis’ National Professional Services Practice by adding Sharp’s team...
UK’s Liverpool Victoria to Acquire CSMA Road Service
Feb 5 2007 // The UK’s Liverpool Victoria Friendly Society announced that it has entered into a conditional agreement to acquire Britannia Rescue from the Civil Service Motoring Association (CSMA), subject to the approval of its...
Swiss Re Sells London Office Building for $1.18 Billion
Feb 5 2007 // Swiss Re has agreed to sell its London office building, located at 30 St. Mary Axe, to an affiliate of the real-estate corporation IVG Immobilien AG for £600 million ($1.18 billion). The transaction is expected to close...
QBE Acquires Cumbre Seguros
Feb 2 2007 // QBE the Americas, the North American subsidiary of Australia’s QBE Group, announced that it has acquired 100 percent of Cumbre Seguros, a specialized insurer in Mexico from a group of private investors. The...
PartnerRe to Release Q4, Full Year Results Monday; Conference Details
Feb 2 2007 // Bermuda’s PartnerRe Ltd. will release its 2006 fourth quarter and full year results after the market close on Monday, February 5, 2007. PartnerRe senior management will conduct a dial-in conference call, which will...
Ill. Gallagher & Co. Acquires InterNational Insurance Group, Ltd.
Feb 1 2007 // Arthur J. Gallagher & Co. has announced the acquisition of InterNational Insurance Group, Ltd. of Boston, Mass. Terms of the transaction were not disclosed. InterNational Insurance Group, Ltd. offers risk management...
Marsh Sells Putnam to Canada’s Great-West Lifeco for $3.9 Billion
Feb 1 2007 // Marsh & McLennan Companies, Inc. (MMC) announced today that Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial Corp., has signed a definitive agreement to purchase...
New Mass. Health Insurance Law Would Force Some to Buy More Coverage
Jan 31 2007 // More than 200,000 Massachusetts residents who already have health insurance would be forced to buy additional coverage to meet the proposed minimum standards under the state’s new health insurance law, according to...
American Physicians Service Group Merger Approved by Texas Regulators
Jan 31 2007 // American Physicians Service Group Inc. announced that the Texas Department of Insurance has approved the merger of American Physicians Insurance Exchange with APS. The merger, announced in June 2006, has been progressing...
National Insurance Partners Forms Executive Compensation Firm
Jan 29 2007 // Texas-based National Insurance Partners Inc. (NIP) announced that in partnership with veteran executive compensation expert, Steven Cross, it is building a new company, Cogent Compensation Partners (Cogent), that will...
Chicago Aon Acquires Footman James from UK Alchemy Partners
Jan 29 2007 // Chicago-based Aon Corp. today announced that it has completed the acquisition of Footman James from Alchemy Partners (Guernsey) Limited. The terms of the transaction are not disclosed. Aon provides tailor made cover for...
Report: 148 places around Hawaii lack emergency sirens, state lacks funding
Jan 29 2007 // More than 100 spots around Hawaii, from Oahu’s Sunset Beach to Kihei Commercial Center on Maui, lack emergency sires needed to warn people about tsunami and other natural disasters. A state Civil Defense Agency list...
