Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Appoints Miranthis to Board of Directors
Feb 10 2011 // Bermuda-based PartnerRe Ltd.announced that President and Chief Executive Officer Costas Miranthis, has been appointed to fill a vacancy on its Board of Directors, effective February 7 , 2011. The vacancy was created by the...
SpatialKey, Kinetic Analysis Partner to Boost Storm Impact Analysis
Feb 10 2011 // Spatial Key and Kinetic Analysis have announced a strategic partnership to provide real-time and historical tropical storm analysis for underwriters, actuaries and risk managers. The alliance combines SpatialKey’s...
Align Financial Group Acquires ELM Insurance
Feb 8 2011 // Align Financial Group Inc. (Align) has acquired Executive Liability Managers Insurance Brokers Inc. and Attorneys & Professionals Insurance Services Inc. Kieran Sweeney, Align’s CEO, said the acquisition of ELM...
PartnerRe Hit by Cat Losses, Reports Decreases in Q4, FY Net Income
Feb 8 2011 // Bermuda-based PartnerRe Ltd. reported net income of $57.0 million, or $0.65 per share on a fully diluted basis for the fourth quarter of 2010, which includes net after-tax realized and unrealized losses on investments of...
Abram Interstate Acquires Align General’s Equine Business
Feb 7 2011 // Rocklin, Calif.-based Abram Interstate Insurance Services, Inc. has announced that it has purchased an equine and farmowners book of business from Align General Insurance Agency Inc., of San Diego. All servicing of new and...
Berkshire Hathaway Inc. to Acquire Wesco Financial Stock
Feb 7 2011 // Berkshire Hathaway Inc. and Pasadena, Calif.-based Wesco Financial Corp. have entered into a definitive merger agreement, whereby Berkshire Hathaway will acquire the remaining 19.9 percent of the shares of Wesco’s...
Never Have More Business Partners Than You Can Fit In An Elevator
Feb 7 2011 // Never have more partners than you can fit in an elevator. It’s a comment that seems like a joke but is deadly serious when you’re starting a business. Too many partners will create conflicts you don’t...
Buckeye State Mutual Partners With Middle Georgia Mutual
Feb 7 2011 // Buckeye State Mutual Insurance Co. (BSMIC), a property and casualty insurer based in Piqua, Ohio, has agreed to affiliate with Middle Georgia Mutual Insurance Co. (MGM) of Griffin, Ga. The agreement is contingent upon...
R-T Specialty to Acquire American E&S from Wells Fargo
Feb 7 2011 // Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, has agreed to purchase the wholesale insurance business of American E&S Insurance Brokers (AES) from Wells Fargo Insurance...
Marsh Agency Unit Acquires Hampton Roads Bonding
Feb 7 2011 // New York-based Marsh & McLennan Agency has acquired Hampton Roads Bonding (HRB), a surety bonding agency for commercial, road, utility, maritime and governmental contractors in Virginia. Terms of the deal were not...
Berkshire Hathaway to Buy Rest of Wesco Financial
Feb 7 2011 // Warren Buffett’s Berkshire Hathaway Inc. will buy the 19.9 percent it does not own of Wesco Financial Corp., in a deal worth about $547.6 million, the companies said Monday. In September, Buffett submitted a takeover...
Breckenridge Acquires Interest in Reinsurance Broker REcentis
Feb 4 2011 // Breckenridge IS Inc. has acquired a majority interest in REcentis Intermediaries LLC, a specialty reinsurance broker with offices in Westlake Village, Calif. and Sydney, Australia. REcentis has expertise in energy,...
CNA Looks to Buy Remaining Shares of CNA Surety
Feb 4 2011 // CNA Surety Corp. reported net income for the fourth quarter of 2010 of $54.5 million compared to $49.3 million for the same period in 2009. For the year ended Dec. 31, 2010, net income was $134.4 million compared to $117.9...
Aon Revenue Up 40% in Q4 on Hewitt Merger
Feb 4 2011 // Growth-oriented insurance broker Aon Corp. saw revenues shoot up 40 percent to $2.9 billion in the fourth quarter, largely driven by its acquisition of Hewitt Associates. For the quarter, Aon saw a 41 percent increase in...
BofA Sells Balboa Insurance Portfolio to Australia’s QBE
Feb 4 2011 // Bank of America agreed to offload its Balboa insurance portfolio to Australia’s QBE Insurance for more than $700 million, the latest in a string of asset sales by the U.S. lender as it recovers from the global credit...
Distinguished Programs Acquires Dallas’ GreenLine Underwriters
Feb 4 2011 // Distinguished Programs Group LLC (Distinguished), headquartered in New York, has acquired a controlling interest in GreenLine Underwriters (GreenLine), a Dallas-based program administrator focused on delivering insurance...
No Comment from QBE on Report of Talks to Buy Balboa from BofA
Feb 3 2011 // QBE Insurance, Australia’s biggest insurance group, is in talks to buy U.S. insurer Balboa from Bank of America , a media report said on Thursday, sparking talk that QBE would have to sell new shares to help fund the...
Farmers Buys Naming Rights to New Los Angeles Stadium
Feb 2 2011 // The Farmers Insurance Exchange has agreed to pay $700 million for the naming rights to the proposed downtown Los Angeles football stadium and event center, a deal backers say is a big step towards attracting an NFL team to...
Upstate Agency Acquired by Glens Falls Bank
Feb 2 2011 // New York-based Glens Falls National Bank and Trust has acquired Upstate Agency Inc., a property and casualty insurance agency with eight offices in Upstate New York. Terms of the transaction were not disclosed. Upstate...
Hylant Acquires Michigan Benefits Agency
Feb 2 2011 // Ohio-based Hylant Group, one of the largest privately owned insurance brokerage firms in the nation, recently acquired a substantial portion of Creative Benefits Systems (CBS), an employee benefits provider in Grand...
