Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Okla.’s North American Group Expands with Calif., Texas Acquisitions
Oct 30 2006 // North American Group, headquartered in Oklahoma City, Okla., announced it has acquired Abilene, Texas-based CIC Insurance Brokers Inc., and Anaheim, Calif.-based CTK Insurance Services Inc. CTK and CIC have each been...
Hearing for Merger Request by National Merit Insurance Rescheduled
Oct 27 2006 // Washington’s Office of the Insurance Commissioner has postponed a public hearing to consider a request to merge Response Indemnity Co. of Delaware, with National Merit Insurance Co. of Bellevue, Wash., until Nov. 13...
Wellington and Catlin in Merger Talks
Oct 26 2006 // Two major Lloyd’s insurers, who also have extensive operations outside the U.K., have confirmed that they are “in discussions” about a possible sale/merger. In a regulatory announcement on Oct. 24...
S&P Sees No Rating Change in Canopius Acquisition of Creechurch
Oct 26 2006 // Standard & Poor’s Ratings Services said that its “interactive Lloyd’s Syndicate Assessment (LSA) of ‘2+/Stable’ on Canopius Managing Agents – Syndicate 4444 and its public...
PartnerRe Q3, 9-Month Operating Earnings Show Big Gain; Conference Call Details
Oct 24 2006 // What a difference benign weather can make on a reinsurance company’s earnings. Bermuda’s Partner Re Group announced record net operating earnings of $205.052 million, compared to a $345.176 million loss in Q3...
Darwin, PCM Partner on Standard Market Lawyers’ Liability Program
Oct 24 2006 // Darwin Professional Underwriters, Inc. has unveiled a new lawyers professional liability program designed to cover standard market risks. New York-based Professional Coverage Managers has been selected as the program...
Berkshire Hathaway’s National Indemnity in Deal to Back then Acquire Lloyd’s Equitas
Oct 20 2006 // Broadway producers call them “angels:” rich people who put up the money to fund their shows. In that sense, Equitas, the Lloyd’s vehicle set up in 1996 to run off a mountain of asbestos and environmental...
Hearing Scheduled for Merger Request by National Merit Insurance
Oct 20 2006 // Washington’s Office of the Insurance Commissioner has scheduled an Oct. 30, 2006, public hearing in Tumwater, Wash., to consider a request to merge Response Indemnity Co., of Delaware, with National Merit Insurance...
Affirmative Insurance Holdings to Acquire USAgencies
Oct 18 2006 // Affirmative Insurance Holdings Inc., Addison, Texas, and privately-held USAgencies L.L.C., based in Baton Rouge, La., announced a definitive agreement under which Affirmative will acquire 100 percent of the membership...
AXA Acquires Alpha Insurance from Greek Bank
Oct 16 2006 // AXA has reached an agreement with Alpha Bank to acquire its insurance subsidiary Alpha Insurance for Euro 255 million. AXA and Alpha Bank, Greece’s second largest bank, have also signed a long-term exclusive...
A.M. Best Expects National Lloyds, American Summit Ratings to Remain Stable After Acquisition
Oct 12 2006 // Commenting on the proposed acquisition of Waco, Texas-based National Lloyds Insurance Company and American Summit Insurance Company by Affordable Residential Communities Inc. of Englewood, Colo., A.M. Best Co. said it...
Mich. Med Mal Insurer FinCor Acquires Washington Casualty
Oct 10 2006 // Lansing, Mich.-based FinCor Holdings, Inc., an integrated risk management corporation serving health care providers and facilities, today announced its acquisition of Issaquah, Wash.-based medical malpractice insurer,...
Great Northwest to buy Hawaiian Insurance Guaranty
Oct 9 2006 // The First Circuit Court of Hawaii granted a motion approving the transfer of assets and policy obligations from Hawaii Insurance Commissioner J.P. Schmidt, as liquidator of The Hawaiian Insurance Guaranty Co., to qualified...
Doctors Company to Acquire Ohio OHIC Med Mal Insurer
Oct 6 2006 // Napa, Calif.-based The Doctors Company, a physician-owned medical malpractice insurance provider, announced that it has entered into an agreement to acquire OHIC Insurance Company (OHIC), a leading medical liability...
AIG Buys Arch Ocean Marine Business
Oct 4 2006 // AIG Global Marine, a division of the property and casualty insurance subsidiaries of American International Group, has purchased the U.S. Ocean Marine business from Arch Insurance Company. Under the terms of the agreement,...
MHBT Partner Named President-Elect of Dallas Independent Agent Group
Oct 4 2006 // Privately owned insurance and risk management firm, McQueary Henry Bowles Troy L.L.P. (MHBT), announced that Pat Arthur, a partner in the firm, has been appointed to serve as president-elect of the board of directors for...
Guaranty Insurance Acquires South Valley Insurance
Oct 3 2006 // Guaranty Insurance Services, Inc., the second-largest independent insurance agency in Texas, has acquired South Valley Insurance of Bakersfield, Calif. South Valley Insurance (SVI) will operate as a division of Walter...
Praetorian Completes Acquisition of Specialty Insurer Alea
Oct 2 2006 // Praetorian Financial Group, Inc., itself a specialty insurer, said it has completed the acquisition of Alea North America Specialty Insurance Company (ANASIC), which following regulatory approval will be renamed Praetorian...
AMS Users Gain Access to ChoicePoint; AMS Also Buys Priority Data Systems
Oct 2 2006 // Insurance and credit data supplier ChoicePoint said its signing of a strategic alliance agreement with insurance technology firm AMS Services will extend ChoicePoint’s capabilities for data sales to thousands of...
Britain’s Royal & Sun Alliance Sells U.S. Business to Management
Oct 1 2006 // Britain’s Royal & Sun Alliance Insurance Group PLC said last week it will sell its U.S. operations to management for 158 million pounds ($298.9 million) and cancel the company’s listing on the New York...
