Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
R&SA Acquires Martello Underwriting
Nov 14 2006 // The U.K.’s Royal & Sun Alliance Insurance Group plc has acquired Martello Underwriting Limited for £38.5 million ($73.2 million) payable in cash. The transaction is subject to regulatory approval....
Berkshire Hills Bank Buys 5 Western Mass. Agencies
Nov 11 2006 // Berkshire Hills Bancorp, Inc., the holding company for Berkshire Bank, completed its acquisition of five Western Masssachusetts insurance agencies on Oct. 31, 2006. The agencies acquired by the company’s wholly-owned...
NALICO General Agency Expands with Texas Acquisition
Nov 10 2006 // NALICO General Agency Inc., a subsidiary of Waco, Texas-based NLASCO, announced the asset acquisition of Longhorn General Agency Inc. and Longhorn Insurance Services Inc., effective Nov. 1, 2006. Founded in 1980, Longhorn...
Westline Corp. acquires Freeway Insurance Services
Nov 9 2006 // Westline Corp., Cypress, Calif., the parent company to South Coast Auto Insurance Marketing Inc., Solo Insurance Services Inc., South Coast Dealer Services Inc., Insurenow Insurance Services Inc., and Spotcoverage...
Ill. Euclid Insurance to Acquire Environmental Insurance Specialists
Nov 7 2006 // Itasca, Ill.-based Euclid Insurance Services has announced plans to acquire Melbourne, Florida-based Environmental Insurance Specialists, a commercial insurance agency that specializes in serving the waste-hauling and...
New coverage aims to provide benefits when partners part ways
Nov 6 2006 // If John Logan has his way, sometime in the very near future, people across the globe will be able to purchase insurance coverage against the potential financial devastation often caused by divorce. Logan, chairman and CEO...
PartnerRe to Issue $250 Million New Notes; Best Assigns ‘bbb’ Rating
Nov 3 2006 // Bermuda’s PartnerRe Ltd. announced that it will issue $250 million in Junior Subordinated Capital Efficient Notes, or”CENts”, pursuant to its currently effective shelf registration statement. They will be...
Conn.’s Sinclair Group Grows with Acquisition of Arthur Noll Agency
Nov 1 2006 // Sinclair Insurance Group of Wallingford, Conn. has acquired Arthur Noll Agency of Bloomfield for an undisclosed amount. According to Dave Sinclair, president, Noll generates about $3 million in annual revenues largely from...
BB&T Insurance to Acquire Fla. Agency Wyman, Green & Blalcok
Nov 1 2006 // BB&T Insurance Services plans to expand its Florida operation with the acquisition of Wyman, Green & Blalock Inc. of Bradenton. Founded in 1908, Wyman, Green & Blalock specializes in personal and commercial...
Catlin/Wellington Finalize Share Offer; Merger to Create Lloyd’s Largest Underwriter
Oct 30 2006 // The Boards of Directors of Catlin Group Limited and Wellington Underwriting Plc have agreed on the terms of a recommended Offer to be made by Catlin for the whole of the issued and to be issued share capital of Wellington....
Allianz Investment Unit to Buy U.K.’s John Laing for $1.8 Billion
Oct 30 2006 // Although Germany’s Allianz AG is selling off many of its long-held positions in German companies, it is still interested in making good investments outside the insurance industry. On Friday, Oct. 27 one of the...
Okla.’s North American Group Expands with Calif., Texas Acquisitions
Oct 30 2006 // North American Group, headquartered in Oklahoma City, Okla., announced it has acquired Abilene, Texas-based CIC Insurance Brokers Inc., and Anaheim, Calif.-based CTK Insurance Services Inc. CTK and CIC have each been...
Hearing for Merger Request by National Merit Insurance Rescheduled
Oct 27 2006 // Washington’s Office of the Insurance Commissioner has postponed a public hearing to consider a request to merge Response Indemnity Co. of Delaware, with National Merit Insurance Co. of Bellevue, Wash., until Nov. 13...
Wellington and Catlin in Merger Talks
Oct 26 2006 // Two major Lloyd’s insurers, who also have extensive operations outside the U.K., have confirmed that they are “in discussions” about a possible sale/merger. In a regulatory announcement on Oct. 24...
S&P Sees No Rating Change in Canopius Acquisition of Creechurch
Oct 26 2006 // Standard & Poor’s Ratings Services said that its “interactive Lloyd’s Syndicate Assessment (LSA) of ‘2+/Stable’ on Canopius Managing Agents – Syndicate 4444 and its public...
PartnerRe Q3, 9-Month Operating Earnings Show Big Gain; Conference Call Details
Oct 24 2006 // What a difference benign weather can make on a reinsurance company’s earnings. Bermuda’s Partner Re Group announced record net operating earnings of $205.052 million, compared to a $345.176 million loss in Q3...
Darwin, PCM Partner on Standard Market Lawyers’ Liability Program
Oct 24 2006 // Darwin Professional Underwriters, Inc. has unveiled a new lawyers professional liability program designed to cover standard market risks. New York-based Professional Coverage Managers has been selected as the program...
Berkshire Hathaway’s National Indemnity in Deal to Back then Acquire Lloyd’s Equitas
Oct 20 2006 // Broadway producers call them “angels:” rich people who put up the money to fund their shows. In that sense, Equitas, the Lloyd’s vehicle set up in 1996 to run off a mountain of asbestos and environmental...
Hearing Scheduled for Merger Request by National Merit Insurance
Oct 20 2006 // Washington’s Office of the Insurance Commissioner has scheduled an Oct. 30, 2006, public hearing in Tumwater, Wash., to consider a request to merge Response Indemnity Co., of Delaware, with National Merit Insurance...
Affirmative Insurance Holdings to Acquire USAgencies
Oct 18 2006 // Affirmative Insurance Holdings Inc., Addison, Texas, and privately-held USAgencies L.L.C., based in Baton Rouge, La., announced a definitive agreement under which Affirmative will acquire 100 percent of the membership...
