Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
QBE to Acquire Hannover Re’s US Praetorian Subsidiary
Dec 13 2006 // Australia’s QBE Insurance Group has agreed to purchase the Praetorian Financial Group (PFG), the US operation of Hannover Rueckversicherung AG (Hannover Re) for US$800 million, subject to regulatory approvals. QBE...
Swiss Re Buys 26% Stake in Indian Health Care Provider
Dec 12 2006 // Swiss Re has signed an agreement with TTK Group and India Value Funds Advisors (IVF) to purchase a 26 percent stake in TTK Healthcare Services Pvt Ltd (TTKHCS), one of India’s leading health insurance third party...
AIG Global Buys U.S. Port Operations from Dubai Company
Dec 12 2006 // Dubai Ports World, the company whose planned takeover of major U.S. port operations ignited a political firestorm earlier this year, has agreed to sell those operations to AIG Global Investment Group. The company announced...
Calif.’s Strongwood Buys N.Y.-Based Northeast Agencies Network
Dec 7 2006 // California-based Strongwood Insurance Holdings Corp., owner of Networked Insurance Agents in the western states, has acquired Northeast Agencies Inc., a Buffalo, N.Y.-based aggregator of commercial and personal lines for...
Northeast Bank Acquires Another Maine Insurance Agency
Dec 7 2006 // On the heels of the recently announced Palmer Insurance Agency acquisition, Northeast Bank Insurance Group, Inc., a wholly-owned subsidiary of Maine-based Northeast Bank, has acquired a second insurance agency in less than...
Atlantic Specialty Lines of Florida Announces Asset Acquisition of Gary Markel Surplus Lines Brokerage
Dec 6 2006 // (Clearwater, FL and Richmond, VA) …Robert M. Bryant, President, and Martin H. Kanipe, Executive Vice President of Atlantic Specialty Lines of Florida, Inc. (ASL – FL) and Paula Ross, Executive Vice President, Gary...
Republic Group Stockholders Approve Acquisition by Delek Capital
Dec 5 2006 // Dallas-based Republic Companies Group Inc.’s stockholders approved the previously-announced merger agreement providing for the merger of Republic and a wholly-owned subsidiary of Delek Capital Ltd., Republic...
Atlantic Specialty Lines of Fla. Acquires Gary Markel
Dec 5 2006 // Atlantic Specialty Lines of Florida, Inc. has acquired the assets of Gary Markel Surplus Lines Brokerage, Inc. ASL-FL is a member of the Atlantic Specialty Lines, Inc. group of companies with offices in Virginia, Illinois,...
Ill. Arthur J. Gallagher Acquires William H. Connolly
Dec 4 2006 // Itasca, Ill.-based Arthur J. Gallagher & Co. recently announced the acquisition of William H. Connolly & Co. of Montclair, N.J. Terms of the transaction were not disclosed in the written release. William H....
Northeast Bank Acquires Maine’s Palmer Agency
Dec 4 2006 // The insurance subsidiary of Northeast Bank, Northeast Bank Insurance Group, Inc. has acquired the Palmer Insurance Agency of Turner, Maine. Palmer has six employees and generated $4 million in gross premiums over the past...
Brown & Brown Acquires Two Dallas Agencies
Dec 4 2006 // Florida-based Brown & Brown Inc. reported the asset acquisition of two insurance agencies headquartered in Dallas, Texas. ProTexn Inc. and Best Practices Insurance Agency Inc. were acquired by a wholly owned...
Atlanta Insurer Buys High Risk Insurer Omni from The Hartford
Dec 3 2006 // Independent Insurance Investments Inc. announced it has completed its acquisition of Omni Insurance Group. Omni, an Atlanta-based auto insurance company for high-risk drivers, generated net written premiums of $174 million...
Virginia Mutual Policyholders OK Stock Conversion, Merger with Alfa
Nov 29 2006 // Policyholders of Virginia Mutual Insurance Co. have approved the previously announced plan of conversion with Alfa Corp., the companies reported. Under the agreement, Virginia Mutual will convert from a mutual company to a...
PartnerRe Redeems Securities
Nov 22 2006 // Bermuda-based PartnerRe Ltd’s.investment vehicle, PartnerRe Capital Trust I, will call for the redemption of all of its outstanding 7.90 percent Capital Trust I Preferred Securities on December 21, 2006. The...
Arthur J. Gallagher Acquires South Carolina’s Adams & Associates
Nov 22 2006 // Arthur J. Gallagher & Co. reports it has acquired Adams & Associates International, Ltd. of Columbia, South Carolina. Terms of the transaction were not disclosed. Adams & Associates International, Ltd. is a...
People, partnerships lead to nearly a century of success
Nov 20 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
People, partnerships lead to nearly a century of success
Nov 19 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
Chicago Fort Dearborn Life Announces Intent to Acquire N.Y. Company
Nov 17 2006 // Chicago-based Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company, has announced the signing of a letter of intent to acquire a New York domiciled life...
N.Y. City Sues to Block Major Health Insurance Merger
Nov 15 2006 // New York City officials are trying to stop a major health-insurance merger, saying it would create a near-monopoly. New York City filed court papers Monday to prevent the region’s biggest nonprofit insurers — GHI...
N.Y. City Loses Quick Bid to Block Health Insurers’ Merger
Nov 15 2006 // A judge on Tuesday refused a request by New York City officials to immediately stop the merger of two nonprofit insurance companies that provide coverage to city workers because it violates antitrust laws. U.S. District...
