Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Business Risk Partners Launches Lloyd’s-Backed Home Inspectors E&O Coverage
Sep 14 2011 // Business Risk Partners has launched a new standard E&O (errors & omissions) policy form for home inspectors. The policy, underwritten by Lloyd’s of London, reflects improvements across the board as a result...
Venture Capital Firm Buys California Wholesaler Yates, Rolls Out Growth Plan
Sep 14 2011 // Scottish American Capital, a venture capital group with a cache of high net worth individuals, has purchased 80 percent of Tustin, Calif.-based Yates & Associates and given founder Jim Yates a three-year contract as...
Flood Maps Could Force Thousands in North Dakota to Buy Insurance
Sep 14 2011 // Fargo, N.D., city engineers say an additional 7,500 homeowners may be required to purchase federal flood insurance when new flood plain maps are released. The Federal Emergency Management Agency rate map will show homes...
Transatlantic, Allied World off CreditWatch as Merger Looks Less Likely: S&P
Sep 14 2011 // Standard & Poor’s Ratings Services has removed both Transatlantic Holdings and Allied World Assurance Co. Holdings AG from its CreditWatch Positive, where they were placed on June 13, following the announcement...
Hub Buys Assets of Massachusetts-based William Palumbo Agency
Sep 13 2011 // Hub International Limited has acquired the assets of William Palumbo Insurance Agency Inc., a Boston-area based retail brokerage firm. This acquisition allows Hub to expand its presence in Massachusetts, including the Cape...
Keystone Insurers Adds New Partner in Tennessee
Sep 12 2011 // Holman & Holman Agency of Springfield, Tenn., has become Keystone Insurers Group’s eighth franchise partner in Tennessee, bringing the total franchise count to 223 across the seven states in which Keystone...
Cornerstone Underwriting Partners Launches WC Program for PEO Industry
Sep 9 2011 // Cornerstone Underwriting Partners, LLC (CUP), a nationwide underwriting management company and program administrator that works exclusively with wholesale brokers and specialty program agents, has partnered with national...
North Carolina County to Buy Flood-Damaged Homes
Sep 9 2011 // Mecklenburg County in North Carolina plans to buy more than a dozen homes damaged by flooding last month. County commissioners saidthey plan to spend up to $2 million as part of an effort to remove homes located in...
Allied World Finds $80 Million in New Synergies with Transatlantic Merger
Sep 9 2011 // Allied World Assurance Company Holdings, AG has announced “significant new merger-related synergies that can be achieved through the combination with Transatlantic Holdings, Inc.” The company said it “now...
Argo Group’s Fine Arts Title Underwriter in Partnerships with Art Insurers
Sep 8 2011 // Argo Group International Holdings, Ltd. announced that its subsidiary, ARIS Title Insurance Corporation, the world’s first underwriter of title insurance for fine art and other precious collectibles, has launched...
ACE to Acquire Penn Millers
Sep 8 2011 // Penn Millers Holding Corp., which provides property and casualty insurance through its wholly owned subsidiary, Penn Millers Insurance Co., has agreed to be acquired by a subsidiary of ACE Limited for $20.50 per share in...
Hub Acquires Montana’s Mountain West Insurance
Sep 8 2011 // Chicago-based Hub International Ltd. has acquired some of the assets of Mountain West Insurance & Financial Services LLC, a Missoula, Mont.-based retail brokerage firm. Terms of the acquisition were not...
NSM Acquires New York Manager of Dentist, Lawyer Programs
Sep 7 2011 // NSM Insurance Group has acquired AFPD, a New York-based program administrator for lawyers and dentists errors and omissions programs. Terms of the deal were not disclosed. NSM is a national program manager based in...
National Financial Partners Acquires California’s DA Financial
Sep 7 2011 // New York-based insurance broker National Financial Partners Corp. has acquired DA Financial Group of San Francisco, Calif., for an undisclosed amount. With annualized revenue of $5 million, DA Financial has provided...
NSM Insurance Group Acquires AFPD
Sep 7 2011 // Geof McKernan, CEO of Philadelphia-based NSM Insurance Group, announced the acquisition of AFPD, a national program administrator for Lawyers and Dentist E&O programs, headquartered on Long Island, NY. AFPD is a...
IBM to Acquire Algorithmics
Sep 6 2011 // IBM has agreed to acquire Algorithmics for $387 million. Algorithmics is a risk analytics firm with operations in Toronto, Canada. The company’s risk analytics software and advisory services are used by banks,...
Missouri Governor Seeks Detail on FEMA Funding Freeze
Sep 2 2011 // Disaster-struck communities counting on federal aid for recovery need to know which rebuilding projects will be delayed as money is shifted to other parts of the country, Missouri’s governor told the Federal...
New York’s Interboro Buys OneBeacon’s AutoOne
Sep 1 2011 // OneBeacon Insurance Group said it is selling its high risk personal auto insurance business, AutoOne, to Interboro Holdings Inc. of New York. AutoOne, formed in 2001, serves the automobile assigned risk insurance markets...
Marsh Acquires Brokerage Business of Africa’s Alexander Forbes
Aug 31 2011 // Global insurance broker Marsh said it will acquire the brokerage business of African insurance firm Alexander Forbes. This business comprises Alexander Forbes Risk Services (AFRS) and certain local and correspondent...
Maine’s Northeast Bancorp Sells Its Insurance Group to 2 Local Agencies
Aug 31 2011 // Lewiston, Maine-based Northeast Bank Insurance Group has been acquired by local agencies in two separate transactions effective Sept. 1. The Varney Agency, of Bangor, Maine, will purchase the assets of nine Northeast Bank...
