Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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S&P Affirms, Withdraws Toro Ratings after Generali Acquisition; Nuova Tirrena Ratings Lowered, Withdrawn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...
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...
