Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Third Quarter Earnings Reports: White Mountains, PartnerRe
Nov 1 2011 // White Mountains Insurance: Q3 2011 Q3 2010 Net earned premiums —- $490.6 mn $498.1 mn 9 months – 2011 2010 $1.4367 bn $1.7729 bn Comprehensive net income (loss) ($97.6 mn) $177.6 mn 9 months (loss) 2011 2010 ($57.6...
Argo Insurance, Arrowhead Partner on Landscape and Arborist Program
Oct 31 2011 // Argo Insurance, a member of Argo Group International Holdings, Ltd will offer a landscape and arborist program through its Commercial Programs unit in partnership with First Capital – Arrowhead Wholesale Insurance...
PartnerRe Details Cat Loss Estimates; $169 Million in Q3
Oct 28 2011 // Bermuda-based PartnerRe Ltd. has issued a statement indicating that it has “experienced no individual loss events occurring during the third quarter of 2011 which were in excess of $35 million.” The bulletin...
Markel’s Investment Unit Buys Manufacturing Firm
Oct 24 2011 // Markel Corp.’s subsidiary Markel Ventures purchased a majority interest in WI Holdings, a Pennsylvania-based manufacturing firm. The companies made the announcement last week. WI Holdings is a privately held company...
Willis North America Appoints Liss Midwest National Partner
Oct 21 2011 // Willis North America, a unit of global insurance broker Willis Group Holdings, has appointed Michael Liss as national partner of its Midwest region. Liss has served as managing partner of Willis’ Chicago office since...
The Doctors Co. Completes Acquisition of FPIC
Oct 20 2011 // Medical liability insurer The Doctors Co. has completed its previously-announced acquisition of FPIC Insurance Group Inc., a major provider of health care liability insurance in Florida, Texas, Georgia and Arkansas. FPIC...
Lockton, First Equity Risk Management in South Africa Joint Venture
Oct 20 2011 // Insurance broker Lockton Companies LLP and First Equity Risk Management Services Ltd are forming a South African joint venture company, Lockton First Equity, to provide commercial insurance brokerage services in South...
Texas-based HealthSmart to Acquire Wells Fargo TPA
Oct 19 2011 // HealthSmart Holdings Inc., based in Dallas, Texas, has entered into a definitive agreement to acquire Wells Fargo Third Party Administrators Inc., the medical third party administration (TPA) business of Wells Fargo...
Nationwide, Harleysville CEOs Say Merger All About Growth
Oct 17 2011 // The merger of insurer Nationwide Mutual with regional carrier Harleysville Mutual is all about growth, not only for the companies but also for their independent agents, according to the CEOs of the two...
NIF Group, Ironshore Partner to Insure Health, Human Service Agencies
Oct 13 2011 // NIF Group, Inc., a program administrator and specialty brokerage firm, joins with Ironshore Programs unit to insure health and human service agencies. Coverage will be provided for general and professional liability, on an...
TowneBank Acquires North Carolina’s Stanton Taylor Agency
Oct 13 2011 // Hampton Roads, Virginia-based TowneBank has acquired the Stanton Taylor Agency, a Raleigh, North Carolina agency that provides insurance and risk management services throughout Raleigh and eastern North Carolina. The...
Catalina Holdings (Bermuda) Completes Residential Loss Control Acquisition
Oct 13 2011 // Catalina Holdings (Bermuda) Ltd announced that following regulatory approval from the Colorado and Hawaii Departments of Insurance, it has completed the acquisition of Residential Loss Control Holdings, LLC (RLCH), which...
Bell-Anderson Agency in Washington Acquires Unico
Oct 11 2011 // Renton, Wash.-based Bell-Anderson Agency Inc. has acquired Unico Insurance of Woodinville, Wash. The terms of the deal were not disclosed. “Bell-Anderson will continue to pursue acquisition opportunities as they...
Confie Seguros Enters Florida Market, Buys Trustway Agencies
Oct 11 2011 // Confie Seguros, a group of insurance agencies targeting Hispanic customers, has acquired the Miami, Florida-based Trustway Insurance Agencies. Founded in 1998, Trustway has 28 locations in the state and additional offices...
Concordis to Acquire Advance Underwriting Managers
Oct 11 2011 // Destin, Fla.-based financial holding company Concordis Group Inc. has agreed to acquire Advance Underwriting Managers. Advance Underwriting Managers will be a wholly owned subsidiary of Concordis Group. AUM is based in...
Allstate Closes on $1 Billion Acquisition of Esurance, Answer Financial
Oct 7 2011 // The Allstate Corp. said it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. The purchase price was approximately $1...
Atlantic Specialty Lines Acquires Financial Guarantee, American Tri-State Underwriters
Oct 7 2011 // Atlantic Specialty Lines Inc. (ASL) announced it has acquired Financial Guarantee Underwriters Inc. and American Tri-State Underwriters Inc. Financial Guarantee Underwriters has been servicing the surplus insurance needs...
Arthur J. Gallagher Acquires S. A. Freerks & Associates
Oct 7 2011 // Arthur J. Gallagher & Co. announced it has acquired S. A. Freerks & Associates Inc., headquartered in St. Louis, Mo. Founded in 1979, S. A. Freerks & Associates (SAFA) is a managing general agent and wholesale...
Holmes Murphy & Associates Acquires Bridge Insurance Partners
Oct 5 2011 // Holmes Murphy & Associates, headquartered in Des Moines, Iowa, has acquired Dallas-based Bridge Insurance Partners LLC. The team of seven from Bridge Insurance Partners led by Jeff Turner joined the organization on the...
The Hartford Plans Staff Cuts; Sells Subrogation Services Unit Trumbull
Oct 5 2011 // The Hartford Financial Services Group said it is expecting to implement a small staff reduction in coming months as part of its ongoing effort to streamline operations. The company didn’t specify exactly how many...
