Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
USI Holdings Acquires Pettineo Agency in Fort Lauderdale, Fla.
May 4 2006 // USI Holdings Corp. of Briarcliff Manor, N.Y. has acquired the Pettineo Insurance Agency Inc. of Fort Lauderdale, Fla. The acquisition of this personal and commercial lines broker is expected to contribute approximately...
Odyssey Investment Completes Acquisition of York Insurance Services
May 3 2006 // Odyssey Investment Partners, LLC has completed its previously announced acquisition of York Insurance Services Group, Inc. in partnership with York Chairman and Chief Executive Officer Thomas C. MacArthur, other members of...
Ohio-based The Midland Acquires Southern Pioneer Life Insurance
May 2 2006 // The Midland Company based in Ohio, announced that its wholly owned subsidiary, American Modern Insurance Group, reached an agreement to acquire all of the outstanding stock of Southern Pioneer Life Insurance...
Sage Global Solutions Inc. Signs Letter of Intent to Acquire RJC Insurance Services
May 1 2006 // Sage Global Solutions Inc., Irvine, Calif., has signed a letter of intent to acquire RJC Insurance Services, a full service commercial lines insurance agency. The mission of Sage Global is to present a full spectrum of...
St. Paul’s Securian Group Acquires CNL Financial, Effective Today
May 1 2006 // The Securian Financial Group of St. Paul, Minn. announced that its purchase of CNL Financial Corp. is complete, effective today, May 1. CNL is a Macon, Ga., based company that provides loan protection products to consumers...
Assurant Acquires Safeco Financial Institution Solutions
May 1 2006 // Assurant, Inc., a provider of specialty insurance and insurance-related products and services, has acquired all of the outstanding capital stock of Safeco Financial Institution Solutions Inc. based in Seattle, Wash., a...
Minn. Life Says Think ‘Partnership’ on Retirement Benefits
Apr 28 2006 // Public employers can retain valuable staff, attract new talent and help employees fund retirement by encouraging a shift from a “benefits” mentality to a “partnership” mentality. That’s the...
Cliff Dugan Named Managing Partner, St. Louis Agency, John Hancock Financial Network
Apr 27 2006 // Clifford L. Dugan Jr. has been named managing partner of John Hancock Financial Network’s St. Louis agency, according to the company’s recent press release. The St. Louis Dugan General Agency is located at 73...
Tenn. GOP Lawmakers Question Funding for Bredesen’s Insurance Plan
Apr 26 2006 // Republican lawmakers in Nashville, Tenn. have questioned the lack of an extended funding plan for Gov. Phil Bredesen’s Cover Tennessee health insurance proposal. Bredesen, a Democrat, has said he wants to use $100...
St. Paul Public Schools Partners with G.E. Young & Co.
Apr 25 2006 // Saint Paul Public Schools (SPPS) in St. Paul, Minn., recently partnered with G.E. Young & Co., a third-party claims administrator headquartered in the Denver area. G.E. Young & Co. is providing claims management...
Partner Re Posts 73.4% Q1 Net Income Gain to $193.2 Million
Apr 25 2006 // Bermuda’s PartnerRe Ltd. reported net income of $193.2 million, or $3.21 per share on a fully diluted basis, for the first quarter of 2006, a 73.4 percent rise. Net income includes net after-tax realized gains on...
Fla. HB 7225 Advancing: Boosts CAT Funding; Provides No-Interest Loans
Apr 24 2006 // A rapid cash buildup of 25 percent for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation...
Swiss Re/GE Solutions Deal ‘On Track’; Less Equity Funding Needed
Apr 21 2006 // Swiss Re announced that the acquisition process of GE Insurance Solutions, including regulatory approvals, “is well on track for the expected mid-2006 closing of the transaction.” The soon to be world’s...
Mobility Saint-Honore to Acquire/Merge Norfolk International
Apr 21 2006 // Patrick Mallet, President and CEO of Paris-based Mobility Saint-Honore, announced the acquisition of Norfolk International Group of Calgary, Alberta, Canada. The Company said it plans to merge Norfolk into its Canadian...
Geico Sells 7 Millionth Auto Policy
Apr 21 2006 // On the evening of March 13, 2006, Geico sales representative Stephanie Hall, of Buffalo, N.Y. made history by selling the company’s seven millionth policy. Hall, who has been with the company since December 2004,...
Brown & Brown Acquires NuQuest Resources, Bridge Pointe
Apr 21 2006 // The asset acquisition of NuQuest Resources Inc. and Bridge Pointe Inc. of Longwood, Fla. has been announced by J. Powell Brown, regional executive vice president of Brown & Brown Inc. with offices in Daytona Beach and...
Tokio Marine to Acquire Majority Stake in Asia General
Apr 20 2006 // Tokio Marine & Nichido Fire Insurance Co., Ltd., subsidiaries of Japan’s largest insurer (by net premiums written), Millea Holdings, Inc., announced that they have reached an agreement with shareholders holding...
Insurer Sells Chatham Bars Inn on Cape Cod
Apr 20 2006 // American Financial Group, Inc.’s subsidiary, Great American Financial Resources, Inc., has reached an agreement to sell Chatham Bars Inn, its resort-hotel property located on Cape Cod, Massachusetts, for $166...
Professional Insurance Agents of N.C. Acquires Associated Agencies
Apr 20 2006 // A small agents’ association, Associated Agencies, based in Aberdeen, N.C., has been acquired by the Professional Insurance Agents of North Carolina. Associated Agencies was formed in the 1980s by Jimmy...
Acordia Acquires Calif. Broker Brodie
Apr 18 2006 //
