Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
T.H. Lee Partners to Sell 11.6 Million Shares of AXIS Capital
May 12 2005 // Bermuda-based AXIS Capital Holdings Limited announced that Thomas H. Lee Partners and related entities (T.H. Lee) have agreed to sell approximately 11.6 million of AXIS Capital’s common shares in a block trade. The...
Specialty Underwriters Partners With Public Entity Specialist
May 12 2005 // Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Specialty Risk Solutions, which is also based in the Windy City and specializes in the public entity segment...
The Hartford, Aetna Partner Up on Workers’ Comp Plan
May 11 2005 // The Hartford Financial Services Group Inc. and Aetna announced a strategic workers’ compensation relationship to help manage the rising costs of workplace injuries and illnesses. The Hartford has contracted with...
G.J. Sullivan Co. Acquires Books of Business
May 10 2005 // Orange, CA – G. J. Sullivan Co. Excess & Surplus Lines, Inc., Orange, CA and London American General Agency (LAGA) of San Diego and Arizona announce that they have signed a definitive agreement for GJS to...
The Family That Farms Together, Sells Insurance Together
May 9 2005 // Suydam Agency Firmly Planted in Community It Serves They could sweep me out of my office and I know that the business would continue just fine. But what am I going to do if I’m not here? I’m not going to work...
Darwin Acquires Ulico Indemnity Shell
May 6 2005 // Darwin National Assurance Company has acquired 100 percent of the stock of Ulico Indemnity Company from Ulico Casualty Company, a ULLICO subsidary. The purchase price was $3 million for licenses and approximately $22...
Wachovia Acquires Palmer & Cay
May 6 2005 // Palmer & Cay Inc., a Savannah, Ga.-based insurance brokerage and benefits consulting firm with $150 million in annual revenues has been acquired by Wachovia, Corp. of Charlotte, N.C. As a result of the acquisition,...
Hub International Acquires Reinsurance Intermediary THB
May 3 2005 // Hub International Limited has entered the reinsurance brokerage market through the acquisition of THB Intermediaries, Inc., which was formed in Los Angeles more than 20 years ago. Terms of the cash and common stock...
CAS Talks Mergers and Acquisitions, Finite Insurance at Phoenix Meeting
Apr 28 2005 // The actuarial role in mergers and acquisitions and the future of finite insurance will be among the topics featured at the Spring Meeting of the Casualty Actuarial Society (CAS), May 15-18, at The Pointe South Mountain...
FINEOS Becomes IBM Premier Business Partner
Apr 27 2005 // The Irish-based FINEOS Corporation, an innovator of banking and insurance software, has achieved the Premier level within IBM’s PartnerWorld program. “By working closely with IBM on development and marketing...
Organizations Collaborate, Form ‘The Georgia Alliance’ Education Partnership
Apr 27 2005 // A collaboration between The National Alliance for Insurance Education & Research and The Professional Insurance Agents (PIA) of Georgia has resulted in a new insurance education partnership in Georgia: The Georgia...
Report Tokio Marine in Talks to Acquire ABN AMRO’s Brazilian Insurance Unit
Apr 22 2005 // With a saturated and highly competitive home market, Japanese insurers are increasingly looking abroad for opportunities to expand. According to a report from the Japanese business newspaper Nihon Keizai, as reported by...
S&P Sees No Rating Affect in AXA/Finaxa Merger
Apr 21 2005 // The Paris office of Standard & Poor’s Ratings Services has issued a statement indicating that it does not expect the proposed merger of Finaxa (not rated) into AXA (A/Stable/A-1) to affect the ratings on AXA,...
AXA, FINAXA Say Merger on the Horizon
Apr 19 2005 // The Supervisory Board of AXA and the Board of Directors of FINAXA announced Tuesday that they had approved the study of the principle of a merger through an absorption of FINAXA by AXA and for this purpose, appointed...
METLIFE SELLS BUILDINGS:
Apr 18 2005 // MetLife Inc. agreed to sell its Manhattan building above Grand Central Station, formerly called the Pan Am building, for $1.72 billion, its second major real-estate deal in weeks. The sale to Tishman Speyer Properties LP...
EMERGENCY SERVICES ADVISES RESIDENTS TO BUY FLOOD INSURANCE
Apr 18 2005 // State flood maps are not entirely accurate according to the West Virginia Office of Emergency Services, therefore it has issued a warning to residents saying that they could live in a hazardous area without even knowing...
Best Downgrades, Withdraws Ratings for Commercial Risk Partners; Outlook Negative
Apr 15 2005 // A.M. Best Co. has downgraded the financial strength ratings to B- (Fair) from B (Fair) and the issuer credit ratings to “bb-” from “bb” of Commercial Risk Reinsurance Company Limited (Hamilton,...
Conn. AG to Oppose MetLife-Travelers Life Merger
Apr 14 2005 // Connecticut Attorney general Richard Blumenthal said he would oppose the acquisition of Hartford-based Travelers Life & Annuity by MetLife Inc. because he said it is bad for his state’s economy. “This...
The Parker Group Buys Gallagher Benefit Administrators
Apr 14 2005 // Lubbock, Texas-based The Parker Group, a health care and benefits management holding company, announced it has closed on the acquisition of Gallagher Benefit Administrators Inc., a national third-party employee benefits...
Conning Reports More Mergers and Acquisition Deals for 2004, but Dollar Values Decline
Apr 13 2005 // The total number of mergers and acquisitions (M&A) in the insurance industry increased in 2004, driven by the health/managed care and distribution sectors, according to a new study by Conning Research and Consulting...
