Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Risk Analysis Firm IHS Completes 3 Acquisitions For A Total Of $45M
Mar 6 2012 // Englewood, Colo.–based risk analysis company IHS Inc. has completed three acquisitions for a total of about $45 million. The buyouts include Displaybank, which provides market research and consulting services for the...
Markel International Acquires UK Managing Agent Quay Underwriting
Mar 6 2012 // Markel International announced from its London headquarters that it has acquired the portfolio of business of Quay Underwriting (QU), a managing agent based in Dorset. Markel said QU “provides a wide range of...
Arch Capital to Acquire Ariel Re’s Credit & Surety Reinsurance Operations
Mar 5 2012 // The selloff of various parts of Ariel Re continues, as Arch Capital announced that it will acquire Ariel Re’s Credit & Surety reinsurance operations based in Zurich. The news follows an earlier announcement that...
M&A Uptick Predicted
Mar 5 2012 // The insurance industry is likely to see more robust mergers-and-acquisitions activity in 2012, according to a New York investment firm. In 2011, the M&A deal volume started off relatively slowly, followed by a notable...
AIG Sells $500 Million Stake in Blackstone
Mar 4 2012 // Bailed-out insurer American International Group Inc. sold its entire $500 million stake in private equity firm Blackstone Group LP on Friday, according to a source familiar with the situation. AIG, which became majority...
Goldman Sachs Acquiring Ariel Re Bermuda Operations
Mar 2 2012 // Goldman Sachs Group said it is acquiring Ariel Reinsurance’s Bermuda-based insurance and reinsurance operations, which it will combine with its existing business underwritten through Lloyd’s Syndicate 1910. The...
Taxpayers See Gain As New York Fed Sells Last of AIG Bailout Bonds
Feb 29 2012 // The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of American International Group Inc. The sale to a unit of Credit Suisse Group AG means...
Willis Peru Sells 49.9% Stake to Credicorp in Partnership Move
Feb 27 2012 // Willis Europe BV, a subsidiary of global insurance broker, Willis Group Holdings plc, and Peruvian financial services group Credicorp Ltd, announced that, on February 24, 2012, Grupo Credito, a subsidiary of Credicorp,...
Apheta, O’Riordan Announce Strategic National Partnership
Feb 27 2012 // San Diego, Calif.-based O’Riordan and Associates, a strategic financial planning and insurance firm, announced it has merged with Apheta, a financial and insurance planning firm. Michael O’Riordan, founder and...
New London Broker Q360 Launched in Partnership with Tawa
Feb 23 2012 // A new London-based broker, Q360, has been launched with Tawa providing the capital backing. Q360 Ltd will initially operate within the business sectors of onshore energy, property, binding authorities, professional...
ING to Sell 3 Asia Joint Ventures Separately from Other Assets
Feb 23 2012 // ING Groep NV is planning to sell its three Asian insurance joint ventures separately from its other Asia assets so that the overall sale is not held up by negotiations with partners, two sources with direct knowledge of...
N.Y.-based USI Insurance Services Acquires The Pinnacle Group
Feb 22 2012 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., acquired most of the assets of The Pinnacle Group. Based in Virginia Beach, Va., Pinnacle is a full-service employee...
Starr Cos. Hires ING Group Exec to Lead Starr Strategic Partners
Feb 22 2012 // Starr Companies appointed X. Rick Niu as senior managing director of Starr Strategic Partners, a newly formed division dedicated to serving the insurance and investment needs of Asian and other emerging market companies...
Midwest Farmers Urged to Buy Crop Insurance Due to Dry Weather
Feb 22 2012 // A relatively snow-free winter in the Upper Midwest has some officials worried about damage to agriculture if the dry weather persists into spring planting. Minnesota’s agriculture and commerce commissioners, Dave...
Arthur J. Gallagher Buys Louisiana MGA, First Premium
Feb 21 2012 // Global insurance broker Arthur J. Gallagher & Co. has acquired First Premium Insurance Group, Inc. in Covington, Louisiana. Terms of the transaction were not disclosed. Established in 1973, First Premium is a managing...
Allied World U.S. Creates Mergers & Acquisitions Division
Feb 21 2012 // Allied World U.S. has expanded its professional lines operations through the launch of a new mergers and acquisitions division that will be headed up by Jeff Anderson, vice president, in the company’s New York...
Videofied Rebuilds Alarm/Police/Insurance Partnership With 70% Arrest Rates
Feb 21 2012 // Minneapolis, MN, 02/21/12 – The NICB (National Insurance Crime Bureau) and the National Sheriffs Assn. describe how Priority Response delivers value to insurers in a 6 minute webcast in Insurance Journal complete with...
Mass.-based Enservio Acquires Insurers World
Feb 17 2012 // Enservio, a Needham, Mass.-based provider of property insurance analytics, affinity marketing and claims solutions, is acquiring Insurers World, a provider of inventory transcriptions and evaluation services for claims,...
Utah-based Veracity Acquires Stratus
Feb 16 2012 // Pleasant Grove, Utah-based Veracity Insurance Solutions LLC has acquired Stratus Insurance Services Inc. Of particular interest to Veracity was Stratus’s collective experience in program management. The Stratus team...
Town & Country Insurance Agency Completes Whittington Acquisition
Feb 15 2012 // Houston-based Town & Country Insurance Agency Inc., a subsidiary of Encore Bancshares Inc. and an affiliate of Encore Bank N.A., has completed its acquisition of Whittington Insurance Agency. Whittington Insurance...
