Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Marsh Sells Putnam to Canada’s Great-West Lifeco for $3.9 Billion
Feb 1 2007 // Marsh & McLennan Companies, Inc. (MMC) announced today that Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial Corp., has signed a definitive agreement to purchase...
New Mass. Health Insurance Law Would Force Some to Buy More Coverage
Jan 31 2007 // More than 200,000 Massachusetts residents who already have health insurance would be forced to buy additional coverage to meet the proposed minimum standards under the state’s new health insurance law, according to...
American Physicians Service Group Merger Approved by Texas Regulators
Jan 31 2007 // American Physicians Service Group Inc. announced that the Texas Department of Insurance has approved the merger of American Physicians Insurance Exchange with APS. The merger, announced in June 2006, has been progressing...
National Insurance Partners Forms Executive Compensation Firm
Jan 29 2007 // Texas-based National Insurance Partners Inc. (NIP) announced that in partnership with veteran executive compensation expert, Steven Cross, it is building a new company, Cogent Compensation Partners (Cogent), that will...
Chicago Aon Acquires Footman James from UK Alchemy Partners
Jan 29 2007 // Chicago-based Aon Corp. today announced that it has completed the acquisition of Footman James from Alchemy Partners (Guernsey) Limited. The terms of the transaction are not disclosed. Aon provides tailor made cover for...
Report: 148 places around Hawaii lack emergency sirens, state lacks funding
Jan 29 2007 // More than 100 spots around Hawaii, from Oahu’s Sunset Beach to Kihei Commercial Center on Maui, lack emergency sires needed to warn people about tsunami and other natural disasters. A state Civil Defense Agency list...
Demotech named official Insurance Journal Research Partner
Jan 28 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...
Rutledge Named Partner at MHBT
Jan 25 2007 // Privately owned insurance and risk management firm, McQueary Henry Bowles Troy L.L.P. (MHBT), announced that Mike Rutledge in MHBT’s Fort Worth, Texas, office has been named a partner in the firm. Rutledge’s...
E.L.M. Insurance Brokers Forms Partnership, Launches Web Site
Jan 25 2007 // Executive Liability Managers Insurance Brokers (E.L.M.), based in El Segundo, Calif., has launched a new Web site available at www.e-o.com or e-insurebynet.com, to improve the application and binding process for...
Kingsway Acquires St. Paul Travelers’ Non-Standard Auto Unit, Mendota
Jan 24 2007 // Canada’s Kingsway Financial Services, Inc. has agreed to acquire Mendota Insurance Co., a wholly owned subsidiary of The St. Paul Travelers Companies, Inc. The transaction includes Mendota’s wholly owned...
Austin-based Watkins Insurance Group Acquires AIC-Sun Belt
Jan 24 2007 // Watkins Insurance Group, based in Austin, Texas, announced it has purchased a local insurance agency, AIC-Sun Belt Group Inc., for an undisclosed amount. The acquisition is part of an ongoing growth strategy by Watkins...
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’...
