Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AXA Acquires Alpha Insurance from Greek Bank
Oct 16 2006 // AXA has reached an agreement with Alpha Bank to acquire its insurance subsidiary Alpha Insurance for Euro 255 million. AXA and Alpha Bank, Greece’s second largest bank, have also signed a long-term exclusive...
A.M. Best Expects National Lloyds, American Summit Ratings to Remain Stable After Acquisition
Oct 12 2006 // Commenting on the proposed acquisition of Waco, Texas-based National Lloyds Insurance Company and American Summit Insurance Company by Affordable Residential Communities Inc. of Englewood, Colo., A.M. Best Co. said it...
Mich. Med Mal Insurer FinCor Acquires Washington Casualty
Oct 10 2006 // Lansing, Mich.-based FinCor Holdings, Inc., an integrated risk management corporation serving health care providers and facilities, today announced its acquisition of Issaquah, Wash.-based medical malpractice insurer,...
Great Northwest to buy Hawaiian Insurance Guaranty
Oct 9 2006 // The First Circuit Court of Hawaii granted a motion approving the transfer of assets and policy obligations from Hawaii Insurance Commissioner J.P. Schmidt, as liquidator of The Hawaiian Insurance Guaranty Co., to qualified...
Doctors Company to Acquire Ohio OHIC Med Mal Insurer
Oct 6 2006 // Napa, Calif.-based The Doctors Company, a physician-owned medical malpractice insurance provider, announced that it has entered into an agreement to acquire OHIC Insurance Company (OHIC), a leading medical liability...
AIG Buys Arch Ocean Marine Business
Oct 4 2006 // AIG Global Marine, a division of the property and casualty insurance subsidiaries of American International Group, has purchased the U.S. Ocean Marine business from Arch Insurance Company. Under the terms of the agreement,...
MHBT Partner Named President-Elect of Dallas Independent Agent Group
Oct 4 2006 // Privately owned insurance and risk management firm, McQueary Henry Bowles Troy L.L.P. (MHBT), announced that Pat Arthur, a partner in the firm, has been appointed to serve as president-elect of the board of directors for...
Guaranty Insurance Acquires South Valley Insurance
Oct 3 2006 // Guaranty Insurance Services, Inc., the second-largest independent insurance agency in Texas, has acquired South Valley Insurance of Bakersfield, Calif. South Valley Insurance (SVI) will operate as a division of Walter...
Praetorian Completes Acquisition of Specialty Insurer Alea
Oct 2 2006 // Praetorian Financial Group, Inc., itself a specialty insurer, said it has completed the acquisition of Alea North America Specialty Insurance Company (ANASIC), which following regulatory approval will be renamed Praetorian...
AMS Users Gain Access to ChoicePoint; AMS Also Buys Priority Data Systems
Oct 2 2006 // Insurance and credit data supplier ChoicePoint said its signing of a strategic alliance agreement with insurance technology firm AMS Services will extend ChoicePoint’s capabilities for data sales to thousands of...
Britain’s Royal & Sun Alliance Sells U.S. Business to Management
Oct 1 2006 // Britain’s Royal & Sun Alliance Insurance Group PLC said last week it will sell its U.S. operations to management for 158 million pounds ($298.9 million) and cancel the company’s listing on the New York...
Brown & Brown Grows Wholesale: Hull Buys DVUA; PRU Acquires Apex
Oct 1 2006 // Continuing in its acquisitions mode, insurance agency Brown & Brown Inc., through its subsidiaries Hull & Co. Inc., and Program Management Services Inc., has acquired the assets of a key wholesaler located in the...
Benfield Acquires Norway’s Parisco AS, Parisco Marine AS
Sep 29 2006 // The Benfield group, a leading independent reinsurance and risk intermediary, announced that it has acquired the entire issued share capital of Parisco AS and its subsidiary Parisco Marine AS, the Norwegian marine and...
U.S. Denies Funding for Burlington, Vt. Lead Abatement Program
Sep 29 2006 // A city lead abatement program that has been recognized nationally might have to shut down because the U.S. Department of Housing and Urban Development has denied a request for a $3 million grant. “We were very...
Funding for Building Code Implementation Passes Legislative Hurdle in La.
Sep 29 2006 // The hurricane recovery effort in Louisiana received a much needed financial boost recently from the state as it continues implementing the statewide building code, the American Insurance Association reported. A legislative...
R&SA Sells U.S. Business to Arrowpoint Capital; Terminates Stock Listing
Sep 28 2006 // The U.K.-based Royal & Sun Alliance Insurance Group plc (R&SA) announced the sale of its US operation to Arrowpoint Capital, a vehicle set up by the current R&SA US management team. The Company also said it...
Fla.’s Gallo Agency Acquires Cove Agency Accounts
Sep 27 2006 // Gallo Insurance Agency, an Empire Insurance Holdings, LLC company in West Palm Beach, Fla., has acquired the individual policy business of Cove Insurance Agency in Palm Beach Gardens, Fla. This acquisition strengthens...
USI Buys Home Buyer Accounts from Universal American Agency
Sep 27 2006 // USI Holdings Corp. has acquired a book of business from Universal American Insurance Agency, Inc., which sells personal property and casualty coverages to home buying customers of one of the nation’s leading home...
Arthur J. Gallagher Acquires Mich. Rains Group, Inc.
Sep 26 2006 // Itasca, Ill.-based Arthur J. Gallagher & Co. today announced the acquisition of The Rains Group, Inc. of Bingham Farms, Mich. Terms of the transaction were not disclosed. Founded in 1996, The Rains Group offers a full...
The best merger mentality: Conservative and calculating
Sep 25 2006 // An agency owner who believes that a merger or acquisition is all about the money may leave a lot more on the table than a premium price. They may be putting the future of their agency in jeopardy. M&A is actually more...
