Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Zurich Buys Rest of Endsleigh Shares
Dec 19 2006 // Zurich Financial Services Group announced the signing of an agreement to purchase all of the remaining shares in the insurance intermediary Endsleigh Limited. Zurich acquired a 45 percent stake in 2002, and said it...
Hub Acquires Vermont-Based Transportation Agency Coburn
Dec 19 2006 // Hub International Limited said it plans to accelerate its penetration of the transportation insurance market by acquiring Vermont-based Coburn Insurance Agency, Inc. The $9 million revenue broker has entered into a letter...
S&P Foresees More Europe M&A’s; Teleconference Today-Details
Dec 15 2006 // A new report from Standard & Poor’s Equity Research – European Investment Outlook – Riding A Wave Of Volatility – foresees the volume of mergers and acquisition in Europe exceeding the €1.3...
Commerce, AAA in Mass. Extend Sales Partnership with 20-Year Pact
Dec 14 2006 // The Commerce Insurance Co. has entered into a long-term marketing agreement with AAA Southern New England that extends the two organizations’ business partnership in selling to auto insurance in Massachusetts to a...
QBE to Acquire Hannover Re’s US Praetorian Subsidiary
Dec 13 2006 // Australia’s QBE Insurance Group has agreed to purchase the Praetorian Financial Group (PFG), the US operation of Hannover Rueckversicherung AG (Hannover Re) for US$800 million, subject to regulatory approvals. QBE...
Swiss Re Buys 26% Stake in Indian Health Care Provider
Dec 12 2006 // Swiss Re has signed an agreement with TTK Group and India Value Funds Advisors (IVF) to purchase a 26 percent stake in TTK Healthcare Services Pvt Ltd (TTKHCS), one of India’s leading health insurance third party...
AIG Global Buys U.S. Port Operations from Dubai Company
Dec 12 2006 // Dubai Ports World, the company whose planned takeover of major U.S. port operations ignited a political firestorm earlier this year, has agreed to sell those operations to AIG Global Investment Group. The company announced...
Calif.’s Strongwood Buys N.Y.-Based Northeast Agencies Network
Dec 7 2006 // California-based Strongwood Insurance Holdings Corp., owner of Networked Insurance Agents in the western states, has acquired Northeast Agencies Inc., a Buffalo, N.Y.-based aggregator of commercial and personal lines for...
Northeast Bank Acquires Another Maine Insurance Agency
Dec 7 2006 // On the heels of the recently announced Palmer Insurance Agency acquisition, Northeast Bank Insurance Group, Inc., a wholly-owned subsidiary of Maine-based Northeast Bank, has acquired a second insurance agency in less than...
Atlantic Specialty Lines of Florida Announces Asset Acquisition of Gary Markel Surplus Lines Brokerage
Dec 6 2006 // (Clearwater, FL and Richmond, VA) …Robert M. Bryant, President, and Martin H. Kanipe, Executive Vice President of Atlantic Specialty Lines of Florida, Inc. (ASL – FL) and Paula Ross, Executive Vice President, Gary...
Republic Group Stockholders Approve Acquisition by Delek Capital
Dec 5 2006 // Dallas-based Republic Companies Group Inc.’s stockholders approved the previously-announced merger agreement providing for the merger of Republic and a wholly-owned subsidiary of Delek Capital Ltd., Republic...
Atlantic Specialty Lines of Fla. Acquires Gary Markel
Dec 5 2006 // Atlantic Specialty Lines of Florida, Inc. has acquired the assets of Gary Markel Surplus Lines Brokerage, Inc. ASL-FL is a member of the Atlantic Specialty Lines, Inc. group of companies with offices in Virginia, Illinois,...
Ill. Arthur J. Gallagher Acquires William H. Connolly
Dec 4 2006 // Itasca, Ill.-based Arthur J. Gallagher & Co. recently announced the acquisition of William H. Connolly & Co. of Montclair, N.J. Terms of the transaction were not disclosed in the written release. William H....
Northeast Bank Acquires Maine’s Palmer Agency
Dec 4 2006 // The insurance subsidiary of Northeast Bank, Northeast Bank Insurance Group, Inc. has acquired the Palmer Insurance Agency of Turner, Maine. Palmer has six employees and generated $4 million in gross premiums over the past...
Brown & Brown Acquires Two Dallas Agencies
Dec 4 2006 // Florida-based Brown & Brown Inc. reported the asset acquisition of two insurance agencies headquartered in Dallas, Texas. ProTexn Inc. and Best Practices Insurance Agency Inc. were acquired by a wholly owned...
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...
