Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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 Units Ratings Withdrawn After Mergers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...
BB&T Completes AFCO, CAFO Acquisitions
Jan 3 2007 // BB&T Corporation (NYSE:BBT) subsidiary Branch Banking and Trust Company completed its acquisition of insurance premium finance company AFCO Credit Corporation and its Canadian affiliate, CAFO Inc., from Mellon...
Castlewood to Buy Inter-Ocean
Jan 2 2007 // Montgomery, Ala. based Enstar Group and Bermuda’s Castlewood Holdings Limited jointly announced that Castlewood and Oceania Holdings Ltd, a wholly-owned subsidiary of Castlewood, have entered into a definitive...
Pa.’s Sterling Financial Sells 3 Insurance Units
Dec 28 2006 // Sterling Financial Corp. announced the sale of three insurance-related businesses: Corporate Healthcare Strategies, LLC, an employee benefits insurance broker; Professional Services Group, a human resources consulting...
A.M. Best Positive on Commerce Acquisition of N.Y.’s State-Wide
Dec 28 2006 // A.M. Best Co. has placed the financial strength rating (FSR) of A- (Excellent) of State-Wide Insurance Co. of Hempstead, N.Y. under review with positive implications. This action has been taken due to the announced...
White Mountains Re Completes Mutual Service Casualty Acquisition
Dec 26 2006 // White Mountains Re Group, Ltd., announced from its Bermuda headquarters that its wholly-owned subsidiary, Folksamerica Reinsurance Company, has completed its acquisition of Mutual Service Casualty Insurance Company, a...
AXA Completes Winterthur Acquisition
Dec 26 2006 // France’s AXA Group announced that it has successfully completed the acquisition of Winterthur. AXA reached agreement with Credit Suisse to acquire 100 percent of Winterthur, the Swiss bank’s insurance division,...
October, November see 29 M&As; stock prices continue to vary
Dec 25 2006 // Stock Prices: Stock prices have varied year-to-date among brokers. Brown & Brown Inc.’s (NYSE:BRO) stock was down 4.4 percent through Nov. 30, 2006, while Hub International Ltd.’s (NYSE:HBG) stock was up...
October, November see 29 M&As; stock prices continue to vary
Dec 24 2006 // Stock Prices: Stock prices have varied year-to-date among brokers. Brown & Brown Inc.’s (NYSE:BRO) stock was down 4.4 percent through Nov. 30, 2006, while Hub International Ltd.’s (NYSE:HBG) stock was up...
