Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Commercial insurers’ stock trades down in first quarter; M&As slow as well
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
Brit Sells Majority Stake in RI3K to London Investors
May 4 2007 // If you build a better insurance trading platform, the world will beat a path to your door. Well, maybe not the world, but a group of sophisticated investors from “the City” (London’s financial heart) came...
United Heritage Acquires N.C.’s Alliance Mutual Insurance
May 2 2007 // Alliance Mutual Insurance Company, headquartered in Greensboro, N.C., and United Heritage Financial Group, Inc., based in Meridian, Idaho, have reached a preliminary agreement under which United Heritage will acquire...
Pa. Two Largest Health Insurers Say Merger Won’t Hurt Competition
May 2 2007 // Pennsylvania’s two largest insurance companies have formally asked state regulators to approve a change in control of their subsidiaries that would take effect when the nonprofit companies merge. Independence Blue...
Citi to Acquire BISYS for $1.47 Billion; Crump to Get Insurance Group
May 2 2007 // Financial services outsourcing firm and insurance wholesaler BISYS has agreed to be acquired by global financial giant Citi. Under the deal, Citi would acquire all of the outstanding shares of BISYS in a transaction valued...
Symetra Financial To Acquire Medical Risk Managers
May 2 2007 // Bellevue, Wash.-based Symetra Financial has announced a definitive agreement to acquire Medical Risk Managers Inc. of South Windsor, Conn. The deal is expected to close by the end of second quarter 2007 and be accretive to...
Commissioner Urges Floridians to Buy Flood Insurance
Apr 30 2007 // Florida Insurance Commissioner Kevin McCarty urged Floridians to purchase flood insurance to protect their homes. McCarty’s warning comes in anticipation of the 2007 hurricane season which officially begins June 1....
Arthur J. Gallagher & Co. Buys Texas’ Melton Insurance Associates
Apr 27 2007 // Ill.-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co. announced it has aqcuired Melton Insurance Associates Inc. of Odessa, Texas. Terms of the transaction were not...
HRH 1st Quarter: Acquisitions Help Drive Revenues as Rates Decline
Apr 25 2007 // Insurance broker and rsk management firm Hilb Rogal & Hobbs Co. reported 2007 first quarter total revenues were $198.2 million, compared with $183.8 million in the 2006 first quarter. Commissions and fees were $192.2...
PartnerRe Q1 Net Down 13%
Apr 24 2007 // Bermuda-based PartnerRe Ltd. reported a dip in first quarter net income of a little more than 13 percent to $169.266 million compared to $193.243 million in the same period last year. Other highlights from the report...
Assurex Global Welcomes New Indonesian Partner
Apr 24 2007 // Assurex Global, the independent insurance brokerage network, announced that it has added an Indonesian brokerage to its Partner list – PT. Mitra, Iswara & Rorimpandey (MIR) Insurance Brokers. The firm was...
Ga. Claims Firm Engle Martin Acquires Litigation Management Services
Apr 24 2007 // Engle Martin & Associates, Inc., an Atlanta-based multi-line insurance claims administration and adjusting company, has acquired the specialty fraternal and not-for-profit services of Litigation Management Services,...
Brokers experience no shortage in M&A activity in first quarter 2007
Apr 23 2007 // Stock Prices: Brokers’ stock prices have been mixed through the first quarter of 2007. Hub International Ltd. and USI Holdings Corp. have experienced stock price increases due to take-over premiums, as both companies...
Brokers experience no shortage in M&A activity in first quarter 2007
Apr 23 2007 // Stock Prices: Brokers’ stock prices have been mixed through the first quarter of 2007. Hub International Ltd. and USI Holdings Corp. have experienced stock price increases due to take-over premiums, as both companies...
Ohio Oak Hill Financial Acquires Meeker & Meeker Agency
Apr 19 2007 // Oak Hill Financial, Inc. has announced that its insurance affiliate, Oak Hill Financial Insurance Agency, Inc., has acquired the assets of Meeker & Meeker, Inc., a privately-held insurance agency located in Franklin,...
Miranthis in New Deputy CEO of PartnerRe Global
Apr 19 2007 // Bermuda’s PartnerRe Ltd. announced that Costas Miranthis has been promoted to the new position of Deputy CEO, PartnerRe Global, effective July 2007. PartnerRe Global is the name the Group uses for its underwriting...
National Crime Bureau Partners with Experian to Fight VIN Cloning Scams
Apr 18 2007 // Ill.-based The National Insurance Crime Bureau (NICB) recently announced that it has teamed with Experian Automotive, a division of global information solutions company Experian(R) Inc., to use its AutoCheck vehicle...
PartnerRe Makes Catastrophe Management Changes
Apr 17 2007 // Bermuda-based PartnerRe Ltd. has announced management changes in the Group’s U.S. and worldwide catastrophe reinsurance underwriting operations. Effective July 2007, Tad Walker will succeed Robin Williams as...
Meadowbrook Acquiring U.S. Specialty Underwriters
Apr 17 2007 // Meadowbrook Insurance Group, Inc. has agreed to acquire U.S. Specialty Underwriters, Inc. for a purchase price of $23.0 million. The purchase price is comprised of $13.0 million in cash and $10.0 million in Meadowbrook...
Mich. Meadowbrook to Acquire Excess Workers’ Comp Program Manager
Apr 17 2007 // Meadowbrook Insurance Group, Inc.,announced today that it has entered into a definitive agreement to acquire U.S. Specialty Underwriters, Inc. (USSU) for a purchase price of $23.0 million. The purchase price is comprised...
