Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Starr Aviation Partners with Aviation Safety Group for Pilot Reward Project
Apr 5 2013 // Starr Aviation (Starr), a division of Starr Indemnity & Liability Co., has partnered with the Society of Aviation and Flight Educators (SAFE) and Redbird Flight Simulations (Redbird) to reward participation of insureds...
Atlas General Insurance Services Acquires South Bay Underwriters
Apr 4 2013 // San Diego, CA, 4/4/13 – Atlas General Insurance Services, LLC, is pleased to announce its acquisition of South Bay Underwriters, LLC, from Bliss & Glennon, a leading national managing general agency and surplus lines...
Kaufman Financial Acquires Global Excess Partners in New York
Apr 2 2013 // The H.W. Kaufman Financial Group said it has acquired Global Excess Partners, a New York City-based specialty insurance organization that offers underwriting programs on behalf of Lloyd’s and other carriers and is...
Willis Acquires UK Indemnity Specialist Broker Prime Professions
Apr 2 2013 // Willis Group Holdings announced that it has “further enhanced its offering in the executive risk market by agreeing to acquire, through its subsidiary Willis Limited, PPH Limited and its subsidiary Prime Professions...
ACE Completes Acquisition of Mexican Surety Lines Company Fianzas Monterrey
Apr 2 2013 // ACE Limited announced that it has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for approximately $293 million in cash. The bulletin said: “Mexico City-based Fianzas...
Allianz Teams with Borealis Infrastructure to Buy Czech Gas Pipeline Operator
Apr 1 2013 // Germany’s Allianz SE has partnered with Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), to acquire Czech Republic pipeline firm N4G. Each will...
ProAssurance, CAP Partner to Offer California Hospitals Liability Protection
Mar 29 2013 // ProAssurance Corp., a specialty writer of professional liability insurance, and the Cooperative of American Physicians, Inc. (CAP) are partnering to offer a new liability protection product, CAPAssurance, for hospitals and...
Allianz Seals Deal with Turkey’s Yapı Kredi for Insurance Acquisition/Distribution
Mar 28 2013 // Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and for Allianz to acquire Yapı Kredi Sigorta, the property and casualty...
P/C Mergers Down in 2012 But Private Equity Still Favored Brokers: Conning
Mar 28 2013 // Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to the latest annual...
Digital Insurance Buys Group Brokerage Insurance Agency in Massachusetts
Mar 27 2013 // Atlanta-based benefits broker Digital Insurance has acquired Group Brokerage Insurance Agency of Cambridge, Mass. The nearly 30-year-old Massachusetts-based benefits firm will now operate under the banner of Digital...
SeaFire Insurance Services Seeks Agency Partners in Wisconsin, Illinois
Mar 27 2013 // Overland Park, Kan.-based SeaFire Insurance Services announced it is actively seeking new agency partners in Wisconsin and Illinois for its exclusive auto dealer and repair insurance program. SeaFire will consider...
PartnerRe Ltd. Establishes New Companion Facility, Lorenz Re
Mar 26 2013 // PartnerRe Ltd. has formed Lorenz Re Ltd., a special purpose insurer domiciled in Bermuda. Lorenz Re was capitalized with $75 million through the issuance of multiple classes of preference shares. It will provide additional...
2012 Insurance M&A Snapshot
Mar 25 2013 // Here is a snapshot of the property/casualty insurance industry merger and acquisition activity reported byInsurance Journal in 2012. Major carrier transactions included Nationwide’s acquisition of Harleysville, The...
Wells Fargo Insurance Names Head of M&A Group in New York
Mar 21 2013 // Wells Fargo Insurance, part of Wells Fargo & Company, named Richard Colton head of its mergers and acquisitions industry practice. Based in New York, he will report to Peter Gilbertson, regional managing director for...
N.J. Gov. Christie Seeks $250M to Buy Out Homes in Flood-Prone Areas
Mar 21 2013 // New Jersey Gov. Chris Christie said on Tuesday, March 19, that he is asking the federal government to let the state use $250 million in Sandy aid to help New Jersey buy out homeowners in flood-prone areas, but he does not...
Marsh Partners with NYSE Euronext Units on Enhanced D&O Offering
Mar 20 2013 // Corpedia and Corporate Board Member, NYSE Euronext (NYX) companies, and Marsh have entered into a strategic alliance to provide directors and officers with enhanced governance, risk and compliance resources. The alliance...
CoVerica Acquires Dallas-Based Pacific Agency
Mar 18 2013 // Texas-based CoVerica Inc. announced it has acquired the Pacific Agency Inc., a commercial property/casualty agency that was founded in Dallas 19 years ago. Pacific specializes in artisan contractors, property managers,...
GJ Sullivan Co. Acquires Network E&S Insurance Brokers’ California Book
Mar 15 2013 // G.J. Sullivan Company Excess & Surplus Lines Brokers has acquired Network E&S Insurance Brokers’ book of California business. David Gorin and Sherri Gust will join GJS E&S, and will operate from...
Sirius XM Sues D&O Insurers, Seeks to Recoup Post-Merger Defense Costs
Mar 14 2013 // New York-based satellite radio services company Sirius XM Radio Inc. filed a lawsuit against two directors and officers insurers last week. Sirius XM alleges XL Specialty Insurance Co. and U.S. Specialty Insurance...
Tower Closes Merger with Canopius; Changes in Share Listing
Mar 14 2013 // Tower Group, Inc. announced the closing of its merger with Canopius Holdings Bermuda Limited as of the close of trading on The NASDAQ Global Select Market (NASDAQ) today March 14, 2013. The announcement said: “Upon...
