Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Frost Insurance Acquires Clark Benefit Group in San Antonio
May 2 2011 // Frost Insurance Agency Inc., the insurance subsidiary of Frost, has acquired Clark Benefit Group, an independent San Antonio-based insurance agency that specializes in providing employee benefits to small and mid-size...
Never Have More Partners Than Fit in an Elevator
May 2 2011 // Never have more partners than you can fit in an elevator. That seems like a joke, but it’s serious advice when starting a business. Having too many partners creates conflicts. Even the most bonded of partnerships...
Anonymous Donor Buys Insurance for Oklahoma Kangaroo
May 2 2011 // An anonymous donor has purchased a $50,000 insurance policy to help an Oklahoma woman keep her pet kangaroo as a therapy pet. The Broken Arrow City Council is considering an exotic animal ordinance exemption that would...
Markel Programs, Burns & Wilcox Partner to Offer Real Estate E&O Program
Apr 28 2011 // Markel has partnered with Burns & Wilcox to offer a Real Estate Errors & Omissions program to a range of residential and commercial real estate industry accounts. This Markel Programs/Burns & Wilcox product...
Strate Insurance Becomes Keystone Insurer Partner in Tennessee
Apr 27 2011 // Strate Insurance Group Inc. of Morristown has become Keystone Insurers Group’s sixth franchise partner in Tennessee. Strate Insurance Group President Tom Strate and Keystone Tennessee Vice President Doug Dukes...
SCOR to Buy Aegon’s Transamerica Reinsurance Unit for $913 Million
Apr 26 2011 // French reinsurer SCOR is set to pay $913 million for most of Dutch insurer Aegon’s Transamerica Reinsurance operations. When concluded, the combined companies would become the second largest life reinsurer in the...
Anonymous Donor Buys Insurance for Oklahoma Kangaroo
Apr 25 2011 // An anonymous donor has purchased a $50,000 insurance policy to help an Oklahoma woman keep her pet kangaroo as a therapy pet. The Broken Arrow City Council is considering an exotic animal ordinance exemption that would...
Lloyd’s Insurer Chaucer Endorses The Hanover’s Takeover Bid
Apr 20 2011 // Lloyd’s insurer Chaucer plc has issued a statement endorsing the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Chaucer by 440 Tessera Limited (BidCo), a...
Hannover Re Acquires Reinsurance Portfolio from Scottish Re
Apr 19 2011 // Germany’s Hannover Re, the third largest global reinsurer, has reached agreement with Scottish Re (US) on the acquisition of a reinsurance portfolio as part of a transaction. The other part involves the transfer of a...
Fremont Michigan to Be Acquired by Auto Club Insurance
Apr 18 2011 // Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurer, has agreed to be acquired by Auto Club Insurance Association (ACIA), a Michigan-domiciled reciprocal inter-insurance exchange. Under the...
Electrical Contractors’ Insurance Services, SELECT Form Partnership
Apr 18 2011 // Electrical Contractors’ Insurance Services (ECIS) has formed an affinity partnership with the Electrical Contractors Association of Scotland, known as SELECT. The partnership will allow ECIS to offer a range of...
Aon Benfield Partners with Shanghai Institute on Typhoon Research
Apr 14 2011 // Global reinsurance broker Aon Benfield and Shanghai Typhoon Institute (STI) of China Meteorological Administration – the only state-funded typhoon research institute in China – have entered into an exclusive strategic...
INSURICA Buys Guaranty Insurance, Nearly Doubles in Size
Apr 11 2011 // Oklahoma City-based privately held independent insurance agency, INSURICA, announced it has acquired Guaranty Insurance Services, headquartered in Plano, Texas. INSURICA President and CEO Mike Ross said the acquisition...
Goldman Buys 12% Stake in China Insurer
Apr 11 2011 // Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co. Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance...
Ascension Insurance Acquires California’s Walter L. Clark & Associates
Apr 8 2011 // Kansas City, Mo.-based Ascension Insurance Inc. announced it acquired Walter L. Clark & Associates Inc., headquartered in Fresno, Calif., effective March 31, 2011. Walter L. Clark & Associates offers commercial...
PointeNorth Acquires 2 Georgia Agencies
Apr 8 2011 // Atlanta-based PointeNorth Insurance Group has acquired two Georgia agencies. PointeNorth acquired Hodges & Associates, an employee-benefit provider in metro Atlanta. The Marietta-based agency’s BondsPlus...
Appalachian Underwriters Buys Reliance Administrators of South Carolina
Apr 8 2011 // Tennessee-based wholesale insurance broker Appalachian Underwriters Inc. has obtained the assets of Reliance Administrators, Inc., a Rock Hill, South Carolina wholesaler that specializes in workers’ compensation,...
Willis Acquires 22.5% Stake in So. Africa Benefits Provider Amabubesi
Apr 8 2011 // Willis Europe BV, a division of Willis Group Holdings, announced the conclusion of a transaction whereby Willis South Africa has acquired 22.5 percent of the equity in Amabubesi Consulting Services (ACS), a specialist...
Goldman Buys 12.02% Stake in China’s Taikang Life
Apr 8 2011 // Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance...
Hub International Acquires Vancouver-based Redcliffe
Apr 6 2011 // Hub International Limited announced that it has acquired Redcliffe Financial Group, a Vancouver, British Columbia-based employee benefits and life insurance brokerage firm. Terms of the acquisition were not disclosed. Hub...
