Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Ill. Horton Group Named Partner Firm of Assurex Global
Jan 23 2007 // The Horton Group, headquartered in the Chicago suburb of Orland Park, recently was named a partner firm of Assurex Global, a privately held insurance, risk management and employee benefits brokerage group. Horton joins 116...
PartnerRe Reports on January Renewals
Jan 23 2007 // Bermuda’s PartnerRe Ltd. announced that it had written and bound approximately $1.8 billion of estimated Non-Life premium during the January renewal season. “On a constant foreign exchange basis, that...
Kingsway to Acquire Robert Plan Renewal Rights
Jan 19 2007 // Toronto-based Kingsway Financial Services announced that it has entered into an agreement with The Robert Plan Corporation (RPC) to acquire the renewal rights of RPC’s assigned risk business. “As part of these...
Insurance Journal Names Demotech As Official Research Partner
Jan 18 2007 // Financial analysis and actuarial services firm Demotech, Inc. has been designated an official Research Partner of Insurance Journal. The Columbus, Ohio-based company will provide research, actuarial and statistical support...
Sidley Austin LLP Add Partners in Chicago Office
Jan 18 2007 // R. Lee Christie and Tracy Williams join Sidley Austin LLP as partners in the firm’s Tax Group, resident in the Chicago office. The new partners’ practices will focus principally on insurance tax law. Christie...
Goldman Sachs to Buy USI Holdings
Jan 16 2007 // Big insurance broker USI Holdings Corp. (NASDAQ: USIH) has agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs & Co., in a transaction valued at approximately $1.4 billion,...
Catlin Updates Progress on Wellington Acquisition/Integration
Jan 12 2007 // Bermuda-based Catlin Group Limited has announced further details on progress relating to the acquisition and integration of Wellington Underwriting plc (See IJ web site Oct. 30, Dec. 19, 2006 and related articles). To...
Allianz Buys 2 German Wind Farms
Jan 12 2007 // At first glance it may not seem a very logical investment for an insurance company, but Germany’s Allianz Group has taken a strong stance in support of renewable energy. So the acquisition of two more wind farms...
Chicago Specialty Underwriters’ Alliance Expands with Workers’ Comp Partner
Jan 12 2007 // Chciago-based Specialty Underwriters’ Alliance, Inc. announced recently that it amended its Partner Agent Program Agreement with Appalachian Underwriters, Inc. (AUI) to include small employers workers’...
UK’s ArmorGroup to Acquire Neil Young Associates
Jan 10 2007 // The UK-based ArmorGroup International plc, a provider of protective security services, announced the acquisition of Neil Young Associates (NYA), a leading specialist kidnap and extortion consultant, for a maximum...
Prudential Buys Naming Rights to N.J. Devils’ Arena
Jan 10 2007 // For a chunk of change, a piece of the rock will be the next home of the New Jersey Devils. Prudential Financial Inc. and the NHL team announced the company will pay $105.3 million over 20 years to call the Devils’...
S&P: CNA Financial Corp. Units Ratings Withdrawn After Mergers
Jan 9 2007 // Standard & Poor’s Ratings Services said it withdrew its ‘A-‘ counterparty credit and financial strength ratings on 13 insurance subsidiaries of CNA Financial Corp. (NYSE:CNA). This action follows the...
Ill. Arthur J. Gallagher Acquires Financial Profiles, Inc.
Jan 9 2007 // Arthur J. Gallagher & Co. today announced the acquisition of Financial Profiles, Inc. located in Coral Springs, Florida. Terms of the transaction were not disclosed. Financial Profiles, Inc. is a specialty retail life...
QBE to Acquire Winterthur US from AXA for $1.16 Billion
Jan 5 2007 // In separate announcements, Australia’s QBE Group and France’s AXA SA said they have reached an agreement for QBE to acquire Winterthur’s US operations, principally General Casualty and Unigard, for...
Wis. General Casualty, Unigard Acquired by Australia-based QBE
Jan 5 2007 // Sun Prairie,Wis.-based insurer General Casualty, its U.S. holding company and sister company Unigard Insurance Group in Bellevue, Wash., are being acquired by Australia-based QBE Insurance Group in an agreement with...
Parkway Insurance Upgraded After Acquisition by Progressive
Jan 4 2007 // A.M. Best Co. has upgraded the financial strength rating (FSR) to A+ (Superior) from B++ (Good) and the issuer credit rating (ICR) to “aa” from “bbb+” of Parkway Insurance Co. of Bridgewater, N.J....
Insurer Group to Target Windstorm Funding in Texas
Jan 4 2007 // Texas Windstorm Insurance Association (TWIA) funding issues will be the Property Casualty Insurers Association of America’s (PCI) top legislative priority in its Southwestern region, the insurer group announced. The...
BW Insurance Agency Acquires Contractor’s Insurance Services
Jan 4 2007 // Bank of the West’s subsidiary BW Insurance Agency Inc. has acquired Contractor’s Insurance Services Inc., a full-service agency that specializes in providing commercial and personal lines, risk management and...
Steptoe & Johnson LLP Opens Chicago Office, Nine Partners Added
Jan 3 2007 // Steptoe & Johnson LLP has announced it will open a Chicago office in January. Nine partners whose practices focus on commercial, insurance and reinsurance litigation will join Steptoe from Gardner Carton &...
Swett & Crawford Buys N.J. Wholesaler Oxbridge
Jan 3 2007 // Wholesale insurance broker Swett & Crawford has acquired the assets of Oxbridge Insurance Associates, Inc., located in Morristown, New Jersey. The venture marks Swett & Crawford’s first acquisition since...
