Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Jacobs Financial Group Acquires West Virginia Fire and Casualty Co.
Jan 3 2006 // Jacobs Financial Group Inc. has acquired all of the issued and outstanding stock of West Virginia Fire and Casualty Company (WVFCC) from The Celina Mutual Insurance Company (Celina) of Celina, Ohio. The transaction had...
TD Banknorth Acquires Me.’s Boothby & Bartlett Agency
Jan 2 2006 // TD Banknorth Inc. has finalized its acquisition of the business of Boothby & Bartlett Company, a 145-year old Central Maine insurance agency in Waterville, through its insurance subsidiary, TD Banknorth Insurance...
Brokers continue to gain; M&A activity remains steady
Jan 2 2006 // Stock Prices: Insurance brokers continued to experience gains in their stock prices in October and November. The median increase was 6 percent compared to a 10 percent increase for the August and September period. With the...
Brokers continue to gain; M&A activity remains steady
Jan 1 2006 // Stock Prices: Insurance brokers continued to experience gains in their stock prices in October and November. The median increase was 6 percent compared to a 10 percent increase for the August and September period. With the...
Allianz Moves Ahead with RAS Merger
Dec 30 2005 // German’s Allianz AG has released a series of documents in furtherance of its plans to merge its German and Italian operations into one European Group. As announced last September (See IJ Website Sept. 13) Allianz...
The Enstar Group Reports Acquisition of UK Insurance Company
Dec 30 2005 // The Enstar Group Inc. reported that its partially owned equity affiliate, Castlewood Holdings Limited, and Shinsei Bank, Limited have signed definitive agreements for the purchase of Aioi Insurance Company of Europe...
Insurance Helps Santa Fe Museums with Art Acquisitions
Dec 29 2005 // New Mexico’s Museum of Fine Arts has acquired a 1923 Stuart Davis painting, while the private Georgia O’Keeffe Museum has announced it has acquired another O’Keeffe painting and works by eight other...
Rural Ala. County Buys Insurance Against Foreign-Based Terrorism
Dec 29 2005 // A rural south Alabama county has boosted its insurance coverage to cover any attack by a foreign-based terrorist group after a discussion over such an unlikely event. The Clarke County Commission approved the $7,000 annual...
Police: N.C. Insurance Man Shot Partners Because of Business Dispute
Dec 29 2005 // The president of a small North Carolina insurance agency accused of shooting his two partners was upset because they wanted to sell the business, authorities said. James T. Tedesco, 37, has been charged with two counts of...
Fidelity National Financial to Acquire Claims Firm Sedgwick
Dec 27 2005 // Fidelity National Financial, Inc. in Jacksonville, Fla., a provider of products and outsourced services for financial institutions and the mortgage, insurance and real estate industries, is buying Sedgwick CMS Holdings,...
Odyssey Investments Buys Stake in York Insurance Services
Dec 27 2005 // York Insurance Services Group, Inc., a privately owned property and casualty insurance services firm based in Parsippany, N.J., is being acquired by Odyssey Investment Partners LLC in partnership with Thomas C. MacArthur,...
Colo. Insurance Commssioner Approves Health Care Merger
Dec 23 2005 // Colorado’s top insurance regulator has approved the proposed $9.2 billion takeover of PacifiCare by UnitedHealth after creating safeguards to ease physicians’ fears and getting a pledge from the company that it...
MED-MAL MERGER:
Dec 19 2005 // ProAssurance Corporation and Physicians Insurance Company of Wisconsin, Inc. have agreed to merge PIC Wisconsin into ProAssurance through a proposed stock-for-stock transaction. The companies said that the merger will...
SCOR Acquires Alea’s Renewal Rights to European P/C Treaties
Dec 16 2005 // French reinsurer SCOR Group announced that it has reached agreement with the Alea Group to acquire the renewal rights to its European reinsurance treaties for 2006. The move follows Alea’s sale of its renewal rights...
Hallmark Financial Services to Acquire Aerospace Holdings
Dec 14 2005 // Fort Worth, Texas-based Hallmark Financial Services Inc. has executed a definitive agreement to acquire Aerospace Holdings LLC. Aerospace, through various wholly-owned subsidiaries, including Aerospace Insurance Managers...
Brown & Brown Agrees to Acquire Axiom Intermediaries
Dec 14 2005 // A definitive agreement for a Brown & Brown subsidiary to acquire the assets of Axiom Intermediaries LLC has been signed by Jim W. Henderson, Brown & Brown president and COO, and Horace M. “Jay”...
PartnerRe Reports Distribution on Capital Trust Preferred Securities
Dec 10 2005 // Bermuda-based PartnerRe Ltd. reported that payment of a distribution on Capital Trust I Preferred Securities will be made on Dec. 30, 2005. Payment will be to shareholders of record on Dec. 20, 2005. The distribution on...
CIS Group Announces the Acquisition of GPL Solutions
Dec 7 2005 // Atlanta, GA – CIS Group, a leading provider of personal and commercial lines underwriting inspections, is pleased to announce the acquisition of GPL Solutions, located in Atlanta GA. For CIS Group, the acquisition is...
Lawson-Hawks Acquires Healthcare Property/Casualty Group
Dec 7 2005 // Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., has announced the acquisition of the El Dorado Hills, Calif.-based Healthcare Property/Casualty Group...
Willis Buys N.Y.-Based Armored Car Insurance Specialty Broker
Dec 6 2005 // Willis Group Holdings Limited, the global insurance broker, announced today the stock acquisition of International Insurance Brokers, Inc. Located in Staten Island, N.Y., International Insurance Brokers is a specialized...
