Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hendricks Holding Buys Gateway Insurance of St. Louis
Nov 8 2005 // Hendricks Holding Company, Inc., has entered into an agreement to buy the stock of the holding company which owns Gateway Insurance Company in St. Louis, Mo. Gateway Insurance Company, which provides non-standard private...
Mercury Insurance Group Partners with Employees, Helps Hurricane Victims
Nov 3 2005 // California-based Mercury Insurance Group has donated $110,000 to the Red Cross Hurricane Relief Fund, it was announced by the company’s President and Chief Operating Officer, Gabriel Tirador. Matching its...
Brown & Brown Acquires Timothy R. Downey Insurance
Nov 1 2005 // The acquisition of Timothy R. Downey Insurance Inc., dba. Downey Insurance of Kokomo, Ind. has been jointly announced by Jim W. Henderson, Brown & Brown Inc. president and CEO and Timothy R. Downey, Downey Insurance...
Best Affirms PartnerRe S.A. Ratings
Oct 28 2005 // Along with affirming the parent company’s ratings (See previous article), A.M. Best Co. announced that it has affirmed the financial strength rating of “A+†(Superior) and the issuer credit rating of...
Best Affirms PartnerRe Ratings; Removes From Under Review
Oct 28 2005 // A.M. Best Co. joined S&P and Fitch (See IJ Website Oct. 26 and 27) in affirming the financial strength rating (FSR) of “A+†(Superior) and issuer credit rating (ICR) of “aa-” of the reinsurance...
S&P Affirms PartnerRe ‘A’ Ratings
Oct 27 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit rating on Bermuda-based reinsurer PartnerRe Ltd. (PRE). S&P also affirmed its “AA-”...
Berkshire Bank Acquires 2 Western Mass. Agencies
Oct 27 2005 // Berkshire Insurance Group, Inc., a wholly-owned subsidiary of Berkshire Hills Bancorp, Inc. in Pittsfield, Mass., has acquired the business and assets of each of MacDonald & Johnson, Inc., a full-service property and...
PartnerRe Estimates Wilma Claims
Oct 26 2005 // Bermuda’s PartnerRe Ltd. has given the first estimations of its expected claims relating to Hurricane Wilma, following the hurricane’s passage through Mexico and south Florida over the last week. The estimates...
Fitch Affirms PartnerRe’s Ratings
Oct 26 2005 // Fitch Ratings announced that it has affirmed the “AA” Insurer Financial Strength rating of Partner Reinsurance Company. Fitch also affirmed the various ratings of Partner Reinsurance’s parent company...
HCC Holdings Buys Lloyd’s Syndicate Manager Illium
Oct 24 2005 // Houston-based HCC Insurance Holdings, Inc. is purchasing the remaining 80 percent that it does not already own in U.K.- based holding company, Illium Insurance Group Ltd. Illium, which commenced operations in 2004, is the...
NSM Insurance of Pa. Acquires Reich Coastal Condo/Hotel Program
Oct 19 2005 // NSM Insurance Group of Conshohocken, Pa. is buying the coastal condominium, hotel and motel insurance program of Reich Insurance Associates, announced Geof McKernan, chief executive officer of NSM. CHAMP, as the program is...
Markel American Partners with BMW MOA on Endorsed Insurance Program
Oct 17 2005 // Markel American Insurance Company (rated “A (Excellent), XII” by A.M. Best) has teamed up with BMW Motorcycle Owner’s of America to create The BMW MOA Endorsed Insurance Program. This program provides BMW...
OSHA, HOME BUILDERS ASSOCIATION SIGN HOME SAFE PARTNERSHIP
Oct 17 2005 // A partnership between the Occupational Safety and Health Administration (OSHA) and the Home Builders Association (HBA) of Metro Denver will reportedly identify and abate home construction site hazards and prevent hazards...
R&SA Acquires Chile’s Cruz del Sur
Oct 14 2005 // Royal & Sun Alliance Insurance Group PLC announced the acquisition of Chile’s leading general insurance business Compañia de Seguros Generales Cruz del Sur S.A. and its Argentinean sister company La...
Aon (U.K.) Launches M&A Warranty Replacement Coverage
Oct 13 2005 // Aon Limited, the international broker’s U.K.-based subsidiary, has unveiled an innovative insurance product called Warranty Replacement and Acquisition Protection (WRAP). Aon said the new coverage is designed to...
Gay Partner Can’t Sue Hospital for Malpractice, N.Y. Appeals Court Rules
Oct 13 2005 // A New York Appeals Court has ruled that the same sex partner of a man who died after surgery related to injuries suffered in a car accident does not have standing to sue the hospital for malpractice under state law. The...
Specialty Underwriters’ Alliance Partners with Appalachian Underwriters
Oct 12 2005 // Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Appalachian Underwriters, Inc., which specializes in small artisan and general contractors business such as carpentry, electricians,...
HCC Insurance Holdings to Acquire GM’s Life Insurer
Oct 12 2005 // HCC Insurance Holdings Inc. has agreed to acquire MIC Life Insurance Corporation from Motors Insurance Corporation, a subsidiary of GMAC Insurance Holdings Inc., for an undisclosed consideration. MIC Life is currently...
Lincoln National to Buy Jefferson Pilot for $7.5 Billion
Oct 11 2005 // Life insurance provider Lincoln National Corp. has agreed to acquire insurer Jefferson-Pilot Corp. for about $7.5 billion in cash and stock in a deal that will create one of the country’s biggest public life...
Swiss Re is Founding Partner in Red Cross Support Group
Oct 10 2005 // Swiss Re announced that it has joined seven other companies, including Zurich Financial Services, as a founding member of the International Committee of the Red Cross (ICRC) Corporate Support Group, which will support the...
