Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
91,000 Gulf Oil Spill Claimants, BP Partner Gets Only Final Payment
Feb 2 2011 // BP’s compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of people and businesses waiting for checks, records show, and that $10 million payout went to a...
Towers Watson Completes Acquisition of EMB
Feb 1 2011 // Global professional services company Towers Watson has completed the acquisition of EMB, a non-life consulting and software company. The transaction, which was announced on Nov. 9, 2010, will result in the formation of the...
GreenWood Partners with Cook for Injured on Duty Coverage in Mass., R.I.
Feb 1 2011 // GreenWood International Insurance Services, Inc (GWI) is has chosen Cook & Co. of Marshfield, Mass. to provide claim and distribution support for police and fire injured on duty policies within the Massachusetts and...
AXA Acquires 80% Interest in B&B Insurance in Belarus
Feb 1 2011 // AXA Central & Eastern Europe announced the acquisition of 80 percent of B&B Insurance, the second largest insurer in Belarus, and its largest private insurer. AXA said the acquisition is another step in its...
Aon Merges M&A Advisory Teams
Jan 31 2011 // Aon Corp. has united its merger and acquisition practices to form Aon M&A Solutions, which will provide M&A risk and human capital solutions. Aon M&A Solutions will be led by Mark Arian and Brian Casey. Brian...
