Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Fed Sells $7B of Mortgage Securities From AIG Bailout
Feb 6 2012 // The Federal Reserve Bank of New York recently sold $7.01 billion worth of mortgage-backed securities it had assumed from AIG, as the U.S. government continues to recoup its money from its bailout of the insurer. The...
TDECU Insurance Acquires 2 More Texas Independent Agencies
Feb 3 2012 // TDECU Insurance Agency LLC announced it has acquired two independent insurance agencies: Assurance Insurance Agency Inc. (Assurance) based in Bellville, Texas, and Burridge Insurance Agency Inc. (Burridge) based in...
BB&T to Acquire P/C, Life Insurance Units of Wholesaler Crump Group
Feb 3 2012 // North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. Under the terms of the agreement, BB&T said it will pay $570...
Chartis Acquires Warranty Services Provider Service Net
Feb 1 2012 // Chartis announced it has acquired Service Net Warranty LLC, an Indiana-based provider of warranty/extended service plan administration and claims services. Chartis will integrate Service Net into its U.S. Warranty...
Whittemore Accused of Embezzling From Ex-Partners
Jan 31 2012 // Former business partners of Nevada developer and lobbyist Harvey Whittemore have sued him, claiming he embezzled and misappropriated more than $40 million. In its lawsuit filed Friday in Clark County District Court, the...
MetLife to Acquire Aviva’s Czech, Hungarian, Romanian Operations
Jan 30 2012 // MetLife, Inc. announced that it has agreed to acquire the life insurance businesses of UK-based Aviva plc in the Czech Republic (Aviva Czech Life) and Hungary (Aviva Hungary Life), and its life insurance and pension...
Ex-Partners Cite Nevada Developer in Funds Lawsuit
Jan 30 2012 // Former business partners of Nevada developer and lobbyist Harvey Whittemore have sued him, claiming he misappropriated millions of dollars. In its lawsuit filed last week in Clark County District Court, the Wingfield...
Kaufman Financial Acquires London’s Chesterfield Group, Texas MGA
Jan 27 2012 // The H.W. Kaufman Financial Group, parent company of wholesale broker and underwriting manager Burns & Wilcox, has purchased Chesterfield Group Ltd., a London-based insurance broker and underwriting organization with...
Companies Partner on Smaller Earthquake Insurance Risks
Jan 26 2012 // Insurance Company of the West (ICW) and WKFC Underwriting Managers have announced a continued expansion of the relationship between the firms for commercial earthquake insurance. The partnership between ICW Group and WKFC...
U.S. Wholesale Broker AmWINS Completes Acquisition of London’s THB
Jan 26 2012 // U.S. insurance wholesaler AmWINS Group, Inc. has completed its previously announced acquisition of THB Group plc of London. THB, an independent insurance and reinsurance broker and risk management business, serves clients...
Oak Street Funding Adds Gray as Chief Financial Officer
Jan 25 2012 // Carmel, Ind.-based Oak Street Funding has appointed W. Todd Gray as chief financial officer. Gray will lead the finance and underwriting groups at Oak Street Funding and will assist with strategic partnerships and...
Best Places PartnerRe and Operating Subs Ratings on Review/Negative
Jan 24 2012 // A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Bermuda-based Partner Reinsurance...
Willis North America Appoints Monat to M&A Leadership Position
Jan 24 2012 // Willis North America, a unit of Willis Group Holdings, the global insurance broker with operations in Chicago, has appointed William “Bill” Monat as senior placement specialist, transactional solutions...
AssuredPartners Acquires Ohio’s Dawson Companies
Jan 24 2012 // AssuredPartners, a portfolio company of the Chicago, Ill-based equity firm GTCR, has acquired the Dawson Companies. Based in Cleveland, Ohio, and with offices in Florida and Virginia, Dawson markets property/casualty,...
Markel Enters Germany Through Joint Venture with Anglo Underwriting
Jan 23 2012 // Markel International has made a move to start writing business in Germany through a joint venture with Anglo Underwriting. With Markel’s support, Anglo’s primary focus will be to increase opportunities in...
NFIB, Texas Mutual Partnership Pays $267K Dividend
Jan 23 2012 // Texas Mutual Insurance Company announced a $267,364 workers’ compensation dividend to the National Federation of Independent Business (NFIB) wholesale/retail safety group. The dividend was based largely on the safety...
Report: Liberty Mutual Failed in Bid to Buy Harleysville
Jan 23 2012 // It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last...
M&A Uptick in 2012
Jan 23 2012 // The insurance industry is likely to see more robust mergers and-acquisitions activity in 2012, according to a New York investment and research firm. In 2011, the M&A deal volume started off relatively slowly, followed...
Fairfax to Acquire 25% Stake in Thai Re
Jan 20 2012 // Fairfax Financial Holdings Limited announced that it has agreed to acquire approximately 25 percent of the issued and outstanding shares of Thai reinsurer, Thai Reinsurance Public Company Limited, for approximately US$70...
Arthur J. Gallagher Acquires South Carolina’s Riley & Associates
Jan 19 2012 // Arthur J. Gallagher & Co. said it has acquired Riley & Associates Inc. in Mt. Pleasant, South Carolina. Terms of the transaction were not disclosed. Riley & Associates Inc. is a retail insurance broker with...
