Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Fitch Affirms PartnerRe’s Ratings
Jun 21 2006 // Fitch Ratings has affirmed the “AA” Insurer Financial Strength (IFS) rating of Bermuda-based Partner Reinsurance Company as well as the various ratings of Partner Reinsurance’s parent company PartnerRe...
Lackluster organic growth kicks up broker M&A activity in May
Jun 19 2006 // Stock Prices: Broker stock prices shifted down 5 percent in April and May. The most dramatic change came from Aon Corp., whose stock closed down 14 percent from the previous two month period due mainly to flat first...
Fla. insurance veteran Gallagher, 79, litigation, acquisition expert
Jun 19 2006 // Phil C. Gallagher, 79, a Florida insurance agent, litigation consultant and expert witness, passed away in Miami June 1. Gallagher had more than 50 years of insurance industry experience. Gallagher was formerly associated...
Fla. insurance veteran Gallagher, 79, litigation, acquisition expert
Jun 19 2006 // Phil C. Gallagher, 79, a Florida insurance agent, litigation consultant and expert witness, passed away peacefully in Miami June 1. Gallagher had more than 50 years of ins insurance industry experience. Gallagher was...
High-hazard tsunami states could lose precious funding, GAO finds
Jun 19 2006 // The Pacific coast states of Alaska, California, Hawaii, Oregon and Washington, as well as Puerto Rico and the U.S. Virgin Islands in the Caribbean Sea, face the greatest tsunami hazard, but West Coast states could see the...
Ill. Arthur J. Gallagher & Co. Acquires Lemac & Associates
Jun 16 2006 // Itasca, Ill.-based Arthur J. Gallagher & Co. has announced that its subsidiary, Risk Placement Services, Inc., has acquired Lemac & Associates, Inc., headquartered in Los Angeles, Calif. Terms of the transaction...
Best Sees No Winterthur Rating Change on AXA Acquisition
Jun 16 2006 // A.M. Best Co. has commented that the ratings of Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur Group, “remain unchanged following the...
Arthur J. Gallagher & Co. Acquires Lemac & Associates
Jun 16 2006 // Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services Inc., has acquired Lemac & Associates Inc., headquartered in Los Angeles. Terms of the transaction were not disclosed. Established...
IAG Acquires New Lloyd’s MA – Specialist Asian Insurer
Jun 15 2006 // Insurance Australia Group Limited (IAG) announced that it has acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Limited, to “support the development and management...
Beazley Buys Out Asia Pacific Underwriting Agency
Jun 15 2006 // Beazley Group plc has increased its stake to 100 percent in Asia Pacific Underwriting Agency Limited (APUA), a Hong Kong based insurance underwriting agency, that sources business throughout Asia from insurance...
Bollinger Acquires 2 More N.J. Agencies, Hopgood and Windsor
Jun 15 2006 // Bollinger, Inc., a national privately held insurance broker, has acquired Windsor Benefit Consultants, Inc. and James E. Hopgood & Associates of Denville, N.J. Both firms’ employees will relocate to...
Hull & Co. Acquires Assets of Excess & Surplus Lines Insurance Brokers
Jun 14 2006 // Hull & Co.Inc. has acquired the assets of Excess and Surplus Lines Insurance Brokers Inc., located in Sherman Oaks, Calif., with revenue of approximately $2 million. “This is a great acquisition for us as it...
Best, Fitch Comment on Swiss Re’s Ratings Following GEIS Acquisition
Jun 13 2006 // A.M. Best Co. and Fitch Ratings have both issued statements concerning their ratings on the Swiss Re Group and its subsidiaries following the closure of the acquisition of GEIS and related entities (See IJ Website June...
CIMA Companies Acquire ENI Insurance Services
Jun 13 2006 // The CIMA Companies, Inc. (www.cimaworld.com), the Alexandria, VA-based insurance broker and risk management firm, has acquired ENI Insurance Services of Havre de Grace, MD. ENI’s commercial and personal insurance...
Swiss Re Completes GEIS Acquisition
Jun 12 2006 // Swiss Re and General Electric have announced the completion of the sale of GE’s reinsurance business, GE Insurance Solutions, including Employers Reinsurance Corp. (ERC), to Swiss Re for between $7.4 billion,...
Report AXA in Talks with Credit Suisse to Acquire Winterthur
Jun 12 2006 // Widely circulated reports indicate that France’s AXA Group has entered into serious negotiations with Credit Suisse aimed at acquiring the bank’s Winterthur Group of insurance companies. The reports from Agence...
Apex Global Partners Names McLaughlin President and COO
Jun 7 2006 // Apex Global Partners, a Dallas-based private insurance brokerage firm providing insurance, risk management and employee benefit services to medium to large corporate clients, announced the appointment of K. Brian...
Hylant Partners with ACE Medical, Offers Liability Coverage in Ohio, Mich.
Jun 7 2006 // Hylant Group and ACE Medical Risk jointly announced today an agreement for Hylant Group to be the distributor of comprehensive physician medical liability coverage in both Ohio and Michigan. The healthcare professional...
HealthNow N.Y. Acquires Northeast Benefits Firm, Brokerage Concepts
Jun 7 2006 // HealthNow New York Inc., parent company of BlueCross BlueShield of Western New York and BlueShield of Northeastern New York, is acquiring the business and operations of and Brokerage Concepts, Inc. (BCI), a major benefits...
OIL to Buy Back $300 Million in Debt
Jun 6 2006 // Oil Insurance Limited, founded in Bermuda in 1971 by 16 energy companies, as a mutual insurance company, announced that it is offering to purchase for cash any and all of its outstanding $300 million aggregate principal...
