Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
N.Y.’s Tompkins Buys Kemp Agency
Jul 6 2006 // Tompkins Insurance Agencies, Inc., of Batavia, N.Y., has purchased the Kemp Agency with offices in Dansville and Nunda, according to David S. Boyce, president and chief executive officer of Tompkins Insurance. The...
Markel/IUM Acquires The Brittany Insurance Services
Jul 6 2006 // Investors Underwriting Managers Inc., The Markel Group of Companies, has added The Brittany Insurance Services Inc. to its group. The Brittany is a program administrator writing property business in California. The Markel...
ACE Sells Run-Off Reinsurance Units
Jul 5 2006 // ACE Limited has sold three run-off reinsurance subsidiaries to Randall & Quilter Investment Holdings Limited, an international insurance management firm. The agreement to sell ACE American Reinsurance Company,...
Brown & Brown Acquires Kentucky-based The Anderson Group
Jul 5 2006 // The acquisition of The Anderson Group of Owensboro, Ky., has been announced by Brown & Brown Inc. of Daytona Beach and Tampa, Fla. The announcement was made jointly by J. Scott Penny, Brown & Brown regional...
HCC Insurance Holdings Selected Acquisition History
Jul 4 2006 // Feb. 2005 United States Surety Company (HCC Surety) Nov. 2004 CineFinance (ASU) Sept. 2004 RA&MCO Insurance Services (RAMCO) Jan. 2004 American Contractors Indemnity (HCC Surety) July 2003 Continental Underwriters...
Moss Named Partner at McQueary Henry Bowles Troy
Jun 30 2006 // Dallas-based insurance and risk management firm McQueary Henry Bowles Troy LLP (MHBT), announced that Kyle Moss has been named a partner in the firm. “The naming of Kyle Moss as a partner is a testament to the...
HCC Insurance Acquires Ind.-based Novia Underwriters
Jun 30 2006 // Houston-based HCC Insurance Holdings, Inc. recently announced that the company had reached an agreement to acquire Indiana-based Novia Underwriters, Inc. for an undisclosed consideration. The transaction is expected to...
Fidelity National P/C Acquires Southern Family Flood Fla. Policies
Jun 28 2006 // Fidelity National Property and Casualty Insurance Co. has received approval from the Circuit Court of Florida to purchase all of the existing flood insurance policies of Southern Family Insurance Co. through the Florida...
Generali to Acquire De Agostini’s Majority Toro Stake; $4.84 Billion Total
Jun 26 2006 // Italy’s largest insurer, Assicurazioni Generali SpA, has signed an agreement for the acquisition of a controlling shareholding in Toro Assicurazioni SpA from Italian publishing group De Agostini the current...
Fitch Affirms PartnerRe’s Ratings
Jun 21 2006 // Fitch Ratings has affirmed the “AA” Insurer Financial Strength (IFS) rating of Bermuda-based Partner Reinsurance Company as well as the various ratings of Partner Reinsurance’s parent company PartnerRe...
Lackluster organic growth kicks up broker M&A activity in May
Jun 19 2006 // Stock Prices: Broker stock prices shifted down 5 percent in April and May. The most dramatic change came from Aon Corp., whose stock closed down 14 percent from the previous two month period due mainly to flat first...
Fla. insurance veteran Gallagher, 79, litigation, acquisition expert
Jun 19 2006 // Phil C. Gallagher, 79, a Florida insurance agent, litigation consultant and expert witness, passed away in Miami June 1. Gallagher had more than 50 years of insurance industry experience. Gallagher was formerly associated...
Fla. insurance veteran Gallagher, 79, litigation, acquisition expert
Jun 19 2006 // Phil C. Gallagher, 79, a Florida insurance agent, litigation consultant and expert witness, passed away peacefully in Miami June 1. Gallagher had more than 50 years of ins insurance industry experience. Gallagher was...
High-hazard tsunami states could lose precious funding, GAO finds
Jun 19 2006 // The Pacific coast states of Alaska, California, Hawaii, Oregon and Washington, as well as Puerto Rico and the U.S. Virgin Islands in the Caribbean Sea, face the greatest tsunami hazard, but West Coast states could see the...
Ill. Arthur J. Gallagher & Co. Acquires Lemac & Associates
Jun 16 2006 // Itasca, Ill.-based Arthur J. Gallagher & Co. has announced that its subsidiary, Risk Placement Services, Inc., has acquired Lemac & Associates, Inc., headquartered in Los Angeles, Calif. Terms of the transaction...
Best Sees No Winterthur Rating Change on AXA Acquisition
Jun 16 2006 // A.M. Best Co. has commented that the ratings of Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur Group, “remain unchanged following the...
Arthur J. Gallagher & Co. Acquires Lemac & Associates
Jun 16 2006 // Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services Inc., has acquired Lemac & Associates Inc., headquartered in Los Angeles. Terms of the transaction were not disclosed. Established...
IAG Acquires New Lloyd’s MA – Specialist Asian Insurer
Jun 15 2006 // Insurance Australia Group Limited (IAG) announced that it has acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Limited, to “support the development and management...
Beazley Buys Out Asia Pacific Underwriting Agency
Jun 15 2006 // Beazley Group plc has increased its stake to 100 percent in Asia Pacific Underwriting Agency Limited (APUA), a Hong Kong based insurance underwriting agency, that sources business throughout Asia from insurance...
Bollinger Acquires 2 More N.J. Agencies, Hopgood and Windsor
Jun 15 2006 // Bollinger, Inc., a national privately held insurance broker, has acquired Windsor Benefit Consultants, Inc. and James E. Hopgood & Associates of Denville, N.J. Both firms’ employees will relocate to...
