Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Xchanging Announces $13 Million Partnership with Microsoft
Feb 27 2006 // Xchanging, the U.K.-based global business processing services company, has announced a 3-year, £7.5 million ($13 million) investment program and a partnership with Microsoft in the continuing development of Genius, its...
Aetna Buys Broadspire Disability Business, Aiding Cross-Sell Strategy
Feb 27 2006 // Aetna has agreed to acquire the disability business of Broadspire, a privately-held provider of disability and casualty claim management services, for approximately $160 million. Broadspire’s disability business...
Navigators to Acquire D&O, EPL Portfolio from Genesis
Feb 27 2006 // Navigators Management Company Inc., a subsidiary of The Navigators Group Inc. has signed a definitive agreement to acquire the renewal rights to the directors’ and officers’ liability and employment practices...
Espirito Santo, Credit Agricole Strengthen Portuguese Partnership
Feb 21 2006 // Portugal’s Espirito Santo Financial Group S.A. (ESFG) and France’s Credit Agricole S.A. (CASA) announced that they have agreed that CASA will acquire 50 percent of the capital and have management control of the...
Tax Liabilities Present a Growing Threat to U.K. M&A Market, Study Says
Feb 21 2006 // Issues relating to taxation are the biggest cause of Warranty and Indemnity (W&I) claims in the UK according to latest research from Aon Limited. The firm analysed the W&I deals underwritten between 1990 to 2002,...
Illinois state pool benefits from hard fought compromise health funding bill
Feb 20 2006 // Illinois’ state health insurance pool should get $5.4 million under a compromise measure Sen. Dick Durbin helped push through after negotiating a more than $1 million increase over what the original bill proposed....
JPMORGAN CHASE SELLS LIFE AND ANNUITY BUSINESS TO PROTECTIVE LIFE
Feb 20 2006 // JPMorgan Chase & Co. has agreed to sell its life insurance and annuity underwriting business to Protective Life Corp. for about $1.2 billion in cash. JPMorgan Chase has its corporate headquarters in New York and its...
Broker acquisitions remain active; stock prices drop slightly
Feb 20 2006 // Stock Prices: After four straight months of gains in the brokerage sector, stock prices fell 1 percent during the December/January period. This is particularly notable since the sector traded up 6 percent in...
Broker acquisitions remain active; stock prices drop slightly
Feb 19 2006 // Stock Prices: After four straight months of gains in the brokerage sector, stock prices fell 1 percent during the December/January period. This is particularly notable since the sector traded up 6 percent in...
Brown & Brown of Arkansas Acquires Bill Setser Insurance of Springdale
Feb 16 2006 // Joseph “Joe” Guercio, executive vice president of Brown & Brown of Arkansas Inc.’s Little Rock, Arkansas operation, and Bill Setser, president of Bill Setser Insurance Inc. of Springdale, Arkansas,...
U.S. Risk Insurance Acquires Lighthouse Underwriters
Feb 15 2006 // U.S. Risk Insurance Group in Dallas, Tex. is acquiring Lighthouse Underwriters, LLC of Anandale, Va. Under the terms of the agreement, Lighthouse will become an operating division of U.S. Risk Insurance Group, but will...
M&T Buys Maryland’s Hess Egan
Feb 7 2006 // M&T Insurance Agency, Inc. has acquired Hess Egan Hagerty & L’Hommedieu, Inc., a commercial insurance and surety brokerage agency based in Chevy Chase, Maryland, with additional offices in Pennsylvania and...
PartnerRe Sees Q4 Net Loss of $33.6M
Feb 6 2006 // Bermuda-based PartnerRe Ltd. reported a net loss of $33.6 million, or $0.76 per share, for the fourth quarter of 2005. This net loss includes net after-tax realized gains on investments of $37.0 million or $0.66 per share....
Question is not whether to buy umbrella… but how much
Feb 6 2006 // It seems that every risk today has a big exposure, regardless of size or industry type. Some popular litigation targets include product liability, personal injury claims, false advertising and, most frequently, commercial...
Question is not whether to buy umbrella… but how much
Feb 6 2006 // It seems that every risk today has a big exposure, regardless of size or industry type. Some popular litigation targets include product liability, personal injury claims, false advertising and, most frequently, commercial...
Illinois State Pool Benefits from Hard Fought Compromise Health Funding Bill
Feb 3 2006 // Illinois’ state health insurance pool should get $5.4 million under a compromise measure Sen. Dick Durbin helped push through after negotiating a more than $1 million increase over what the original bill proposed....
Aviva Acquires 51 percent Stake in Sri Lanka’s Eagle
Feb 2 2006 // The U.K.’s Aviva plc announced that it has acquired a 51 percent stake in Eagle Insurance Limited, the third-largest insurer in Sri Lanka. Aviva also noted that its new acquisition has “entered into a...
ChoicePoint Acquires ELIOS Inc., Expands Insurance Services Offerings
Feb 2 2006 // Alpharetta, Ga.-based ChoicePoint has announced the acquisition of ELIOS Inc. a property and casualty loss payee notification company. ELIOS notifies vehicle finance companies and mortgage holders of policy coverage and...
Argonaut’s Great Central Partners with Minn. Restaurant Association
Jan 31 2006 // Great Central Insurance, a member of the Select Markets segment of San Antonio, Texas-based Argonaut Group Inc., announced it has been selected by the Minnesota Restaurant Association (MRA) to offer property and casualty...
Hallmark Completes Acquisition of Texas General Agency
Jan 31 2006 // Hallmark Financial Services Inc. announced the completion of its previously disclosed acquisition of Texas General Agency Inc. and certain affiliates. TGA is a managing general agency involved in the marketing and...
