Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
SCOR Acquires Alea’s Renewal Rights to European P/C Treaties
Dec 16 2005 // French reinsurer SCOR Group announced that it has reached agreement with the Alea Group to acquire the renewal rights to its European reinsurance treaties for 2006. The move follows Alea’s sale of its renewal rights...
Hallmark Financial Services to Acquire Aerospace Holdings
Dec 14 2005 // Fort Worth, Texas-based Hallmark Financial Services Inc. has executed a definitive agreement to acquire Aerospace Holdings LLC. Aerospace, through various wholly-owned subsidiaries, including Aerospace Insurance Managers...
Brown & Brown Agrees to Acquire Axiom Intermediaries
Dec 14 2005 // A definitive agreement for a Brown & Brown subsidiary to acquire the assets of Axiom Intermediaries LLC has been signed by Jim W. Henderson, Brown & Brown president and COO, and Horace M. “Jay”...
PartnerRe Reports Distribution on Capital Trust Preferred Securities
Dec 10 2005 // Bermuda-based PartnerRe Ltd. reported that payment of a distribution on Capital Trust I Preferred Securities will be made on Dec. 30, 2005. Payment will be to shareholders of record on Dec. 20, 2005. The distribution on...
CIS Group Announces the Acquisition of GPL Solutions
Dec 7 2005 // Atlanta, GA – CIS Group, a leading provider of personal and commercial lines underwriting inspections, is pleased to announce the acquisition of GPL Solutions, located in Atlanta GA. For CIS Group, the acquisition is...
Lawson-Hawks Acquires Healthcare Property/Casualty Group
Dec 7 2005 // Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., has announced the acquisition of the El Dorado Hills, Calif.-based Healthcare Property/Casualty Group...
Willis Buys N.Y.-Based Armored Car Insurance Specialty Broker
Dec 6 2005 // Willis Group Holdings Limited, the global insurance broker, announced today the stock acquisition of International Insurance Brokers, Inc. Located in Staten Island, N.Y., International Insurance Brokers is a specialized...
FEMA Urges Floridians to Buy Flood Insurance; Floods #1 on List of U.S. Natural Disasters
Dec 6 2005 // The Federal Emergency Management Agency has issued a plea urging all Florida residents that own property designated by the National Flood Insurance Program as being in a high-risk flood area they need to obtain flood...
Microsoft Co-Founder Buys Stake in International Catastrophe Insurance
Dec 6 2005 // Microsoft co-founder Paul Allen’s Vulcan Capital has purchased majority and controlling ownership of International Catastrophe Insurance Managers, a Boulder, Colorado company that provides insurance coverage to...
Willis Acquires Swedish P/C Broker
Dec 5 2005 // Global insurance broker Willis Group Holdings announced that it has agreed to purchase 100 percent of the share capital of Nicon Forsakringsmaklarna AB (Nicon), a property and casualty broker in Southern Sweden which...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority and respect, one complaint stood out. “When asked about why he...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood out. When...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood...
HALLMARK FINANCIAL TO ACQUIRE TGA
Dec 5 2005 // Hallmark Financial Services Inc. recently reported that it plans to acquire Texas General Agency Inc. and certain affiliates. TGA is a managing general agency that markets and services property and casualty insurance...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 4 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood...
Swiss Re to Acquire GE Insurance Solutions for $6.8 Billion
Dec 4 2005 // In retrospect, the name GE Insurance Solutions (principal operating company Employers Re or ERC)-seems prophetic. Almost from the day that Jeffrey Immelt took over the reins at GE from its long-time CEO Jack Welch he began...
Consolidated Services Group Acquires N.J.’s CHN Solutions
Dec 4 2005 // Consolidated Services Group, Inc., a Pennsylvania-based provider of property and casualty medical claims management services, has acquired CHN Solutions from Selective Insurance Group, Inc. for $16 million. CHN Solutions...
HCC Closes Acquisition of Perico
Dec 2 2005 // Houston-based HCC Insurance Holdings Inc. reported it has closed the recently announced acquisition of Perico Ltd., an insurance underwriting agency headquartered in St. Louis, Mo. Perico has been in business since 1988...
Brown & Brown Acquires de Arrieta Insurance Agency
Dec 2 2005 // The acquisition of de Arrieta Insurance Agency Inc. with offices in Carson City and Elko, Nev. has been announced jointly by Kenneth D. Kirk, Brown & Brown Inc.’s regional executive vice president, and James A....
South Financial Group Acquires Lossing Insurance Agency of Ocala, Fla.
Dec 2 2005 // The Lossing Insurance Agency, an independent agency based in Ocala, Fla. has been acquired by the South Financial Group Inc. of Greenville, S.C. Terms of the transaction were not disclosed. The acquisition gives The South...
