Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Atlanta Insurer Buys High Risk Insurer Omni from The Hartford
Dec 3 2006 // Independent Insurance Investments Inc. announced it has completed its acquisition of Omni Insurance Group. Omni, an Atlanta-based auto insurance company for high-risk drivers, generated net written premiums of $174 million...
Virginia Mutual Policyholders OK Stock Conversion, Merger with Alfa
Nov 29 2006 // Policyholders of Virginia Mutual Insurance Co. have approved the previously announced plan of conversion with Alfa Corp., the companies reported. Under the agreement, Virginia Mutual will convert from a mutual company to a...
PartnerRe Redeems Securities
Nov 22 2006 // Bermuda-based PartnerRe Ltd’s.investment vehicle, PartnerRe Capital Trust I, will call for the redemption of all of its outstanding 7.90 percent Capital Trust I Preferred Securities on December 21, 2006. The...
Arthur J. Gallagher Acquires South Carolina’s Adams & Associates
Nov 22 2006 // Arthur J. Gallagher & Co. reports it has acquired Adams & Associates International, Ltd. of Columbia, South Carolina. Terms of the transaction were not disclosed. Adams & Associates International, Ltd. is a...
People, partnerships lead to nearly a century of success
Nov 20 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
People, partnerships lead to nearly a century of success
Nov 19 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
Chicago Fort Dearborn Life Announces Intent to Acquire N.Y. Company
Nov 17 2006 // Chicago-based Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company, has announced the signing of a letter of intent to acquire a New York domiciled life...
N.Y. City Sues to Block Major Health Insurance Merger
Nov 15 2006 // New York City officials are trying to stop a major health-insurance merger, saying it would create a near-monopoly. New York City filed court papers Monday to prevent the region’s biggest nonprofit insurers — GHI...
N.Y. City Loses Quick Bid to Block Health Insurers’ Merger
Nov 15 2006 // A judge on Tuesday refused a request by New York City officials to immediately stop the merger of two nonprofit insurance companies that provide coverage to city workers because it violates antitrust laws. U.S. District...
R&SA Acquires Martello Underwriting
Nov 14 2006 // The U.K.’s Royal & Sun Alliance Insurance Group plc has acquired Martello Underwriting Limited for £38.5 million ($73.2 million) payable in cash. The transaction is subject to regulatory approval....
Berkshire Hills Bank Buys 5 Western Mass. Agencies
Nov 11 2006 // Berkshire Hills Bancorp, Inc., the holding company for Berkshire Bank, completed its acquisition of five Western Masssachusetts insurance agencies on Oct. 31, 2006. The agencies acquired by the company’s wholly-owned...
NALICO General Agency Expands with Texas Acquisition
Nov 10 2006 // NALICO General Agency Inc., a subsidiary of Waco, Texas-based NLASCO, announced the asset acquisition of Longhorn General Agency Inc. and Longhorn Insurance Services Inc., effective Nov. 1, 2006. Founded in 1980, Longhorn...
Westline Corp. acquires Freeway Insurance Services
Nov 9 2006 // Westline Corp., Cypress, Calif., the parent company to South Coast Auto Insurance Marketing Inc., Solo Insurance Services Inc., South Coast Dealer Services Inc., Insurenow Insurance Services Inc., and Spotcoverage...
Ill. Euclid Insurance to Acquire Environmental Insurance Specialists
Nov 7 2006 // Itasca, Ill.-based Euclid Insurance Services has announced plans to acquire Melbourne, Florida-based Environmental Insurance Specialists, a commercial insurance agency that specializes in serving the waste-hauling and...
New coverage aims to provide benefits when partners part ways
Nov 6 2006 // If John Logan has his way, sometime in the very near future, people across the globe will be able to purchase insurance coverage against the potential financial devastation often caused by divorce. Logan, chairman and CEO...
PartnerRe to Issue $250 Million New Notes; Best Assigns ‘bbb’ Rating
Nov 3 2006 // Bermuda’s PartnerRe Ltd. announced that it will issue $250 million in Junior Subordinated Capital Efficient Notes, or”CENts”, pursuant to its currently effective shelf registration statement. They will be...
Conn.’s Sinclair Group Grows with Acquisition of Arthur Noll Agency
Nov 1 2006 // Sinclair Insurance Group of Wallingford, Conn. has acquired Arthur Noll Agency of Bloomfield for an undisclosed amount. According to Dave Sinclair, president, Noll generates about $3 million in annual revenues largely from...
BB&T Insurance to Acquire Fla. Agency Wyman, Green & Blalcok
Nov 1 2006 // BB&T Insurance Services plans to expand its Florida operation with the acquisition of Wyman, Green & Blalock Inc. of Bradenton. Founded in 1908, Wyman, Green & Blalock specializes in personal and commercial...
Catlin/Wellington Finalize Share Offer; Merger to Create Lloyd’s Largest Underwriter
Oct 30 2006 // The Boards of Directors of Catlin Group Limited and Wellington Underwriting Plc have agreed on the terms of a recommended Offer to be made by Catlin for the whole of the issued and to be issued share capital of Wellington....
Allianz Investment Unit to Buy U.K.’s John Laing for $1.8 Billion
Oct 30 2006 // Although Germany’s Allianz AG is selling off many of its long-held positions in German companies, it is still interested in making good investments outside the insurance industry. On Friday, Oct. 27 one of the...
