Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Wells Fargo to Acquire Universal Insurance Services
Jun 26 2007 // Wells Fargo Insurance Services Inc., a subsidiary of San Francisco-based Wells Fargo & Co., announced it will acquire Universal Insurance Services Inc., of Grand Rapids, Mich. The acquisition is expected to close July...
Hiscox Acquires ALTOHA
Jun 25 2007 // Bermuda-based Hiscox Ltd. has acquired – subject to regulatory approval – ALTOHA, Inc. an insurance holding company, and its subsidiaries, including American Live Stock Insurance Company, the premier live stock...
Hanover Group Acquires Michigan-Based Professional Liability Carrier
Jun 25 2007 // The Hanover Insurance Group, Inc. has agreed to acquire a professional liability insurer, Professionals Direct, Inc., for $23.2 million. Professionals Direct is the Michigan-based holding company for the Professionals...
Edgewood Partners To Acquire Calco Insurance
Jun 22 2007 // Edgewood Partners Insurance Center, a new California retail property and casualty and benefits insurance brokerage firm announced an agreement in principle has been reached with Calco Holdings Inc. to acquire Calco...
World Access Acquires Jefferson
Jun 21 2007 // World Access, one of the US largest travel insurance and assistance providers, a subsidiary of Mondial Assistance, has acquired Jefferson Insurance Company from Allianz Global Risks US. All of the companies are members of...
S&P Examines Reinsurance M&A
Jun 20 2007 // Among other industry topics Standard & Poor’s Ratings Services’ 2007 Insurance Conference, “In Pursuit of Sustainable Earnings,” held June 3-5 in New York City, discussed possible...
Brokers’ stock prices up 8%; 23 M&As posted in April and May
Jun 18 2007 // Stock Prices: Overall, brokers’ stocks have performed well year-to-date, up 8 percent. A strong contributor to the stock price increase is the merger and acquisition premium related to the high prices private equity...
Apax Closes on Acquisition of Hub
Jun 14 2007 // The acquisition of all common shares of Hub International Limited by funds advised by Apax Partners together with Morgan Stanley Principal Investments has been completed for $41.50 per share. As a result of the...
Partnership Allows Indiana University Students Under 21 to Rent Cars
Jun 14 2007 // An agreement between Indiana University (IU) and Enterprise Rent-A-Car will allow students under 21 to rent cars for personal use, but the deal comes with many restrictions. To rent a car, students between 18 and 21 years...
Georgia Gov. Authorizes Funding to Improve Highway Safety
Jun 14 2007 // In the name of automobile safety and traffic flow issues, Gov. Sonny Perdue announced the Georgia Department of Transportation has awarded a $192 million contract for the long-anticipated reconstruction of the Interstate...
Stromme named Partner at Alexander Morford & Woo
Jun 12 2007 // Peggy Stromme has been named a partner in Alexander Morford & Woo Inc., an independently owned national wholesale insurance brokerage that specializes in the placement of difficult-to-place or complex commercial...
Investment Manager D.E. Shaw Set to Acquire Specialty Insurer James River
Jun 11 2007 // Global investment manager D. E. Shaw group has organized a Bermuda-based holding company to acquire James River Group, Inc. a North Carolina- based excess and surplus and workers’ compensation insurer, in a...
AXA, BNP Establish Partnership for Ukraine Insurance Market
Jun 8 2007 // French insurer AXA and BNP Paribas, a major French banking group, have reached an agreement for the establishment of a partnership on the Ukrainian P/C insurance market. AXA will acquire from BNP Paribas’ subsidiary...
Hilb Rogal & Hobbs Acquire Kan. Charlton Manley, Inc.
Jun 8 2007 // Hilb Rogal & Hobbs Company, an insurance and risk management intermediary, recently announced that it has signed a definitive agreement to acquire substantially all of the assets of Charlton Manley, Inc. (Charlton...
Hilb Rogal Hobbs to Buy Kansas Agency, Charton Manley
Jun 6 2007 // Virginia-based insurance broker Hilb Rogal & Hobbs Co. has agreed to acquire substantially all of the assets of Charlton Manley, Inc. , a Kansas-based retail property and casualty insurance agency and brokerage and...
Progressive, Asi Lloyds Partner to Offer Discounts in Texas
Jun 6 2007 // Progressive County Mutual, a member of the Progressive Group of Insurance Companies, and ASI Lloyds announced they will each offer discounts on their products to Texans who buy both through a local independent insurance...
Republic CEO: P/C mergers and acquisitions likely to ‘skyrocket’
Jun 4 2007 // The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional carrier, and they are going to be looking for somewhere to put that cash to work....
Oklahoma trails nation in funding for uninsured
Jun 4 2007 // Despite its high percentage of uninsured residents, Oklahoma trails 48 other states in garnering its share of federal funding to provide health care for those without insurance, according to state officials. Oklahoma has...
Republic CEO: P/C mergers and acquisitions likely to ‘skyrocket’
Jun 4 2007 // The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional insurer, and they are going to be looking for somewhere to put that cash to work....
Oklahoma trails nation in funding for uninsured
Jun 4 2007 // Despite its high percentage of uninsured residents, Oklahoma trails 48 other states in garnering its share of federal funding to provide health care for those without insurance, according to state officials. Oklahoma has...
