Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Aon Ohio Acquires Pipino Agency
Oct 10 2005 // Aon announced that Aon Risk Services of Ohio has acquired Sam D. Pipino Agency, a risk specialist for the real estate development and construction industries. Sam D. Pipino Agency has 12 employees who work in the...
Alliance Bankshares Acquires Virginia’s Danaher Agency
Oct 8 2005 // Alliance Bankshares Corp. announced the execution of a definitive agreement for its subsidiary, Alliance Bank Corporation, to acquire the Danaher Insurance Agency of Annandale, Virginia in an all cash transaction. Danaher...
Hub Acquires Chubb’s PLI Brokerage
Oct 7 2005 // Hub International Limited has completed its purchase of Personal Lines Insurance Brokerage, Inc. (PLI) from The Chubb Corporation. The acquisition grows Chicago-based Hub’s personal lines to nearly 20 percent of its...
N.Y. Medical Society Opposes HIP, WellPoint Mergers
Oct 6 2005 // The Medical Society of the State of New York has expressed serious concerns of the physician community regarding the recent announcement that HIP Health Plan of New York (HIP) and Group Health Incorporated plan to merge,...
PartnerRe Updates Impact of Q3 Catastrophic Events
Oct 4 2005 // Bermuda-based PartnerRe Ltd. has provided a further update on the catastrophic events of the third quarter, and the potential impact on the company’s shareholders’ equity. The company currently estimates that...
Accident Fund Insurance to Acquire United Wis. Insurance
Oct 4 2005 // Accident Fund Insurance Company of America has entered into an agreement to purchase United Wisconsin Insurance Company, doing business as United Heartland, a New Berlin, Wis.-based workers’ compensation company....
Converium Renews GAUM Funding
Sep 29 2005 // Swiss reinsurer Converium announced the completion of an aviation fronting arrangement with National Indemnity Company and Munich Re, which enters into effect on Oct. 1, 2005. The agreement ensures Converium’s...
WellPoint Seeks to Buy WellChoice of N.Y., N.J.
Sep 28 2005 // WellPoint Inc., the country’s largest health insurer, is in talks to buy WellChoice Inc., an insurer with about 5 million customers in New York and New Jersey, according to a published report. The New York Times...
