Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Zurich Partners with AmWins to Expand Accident, Health Products
Nov 9 2010 // Zurich in North America has formed a new relationship with wholesale broker AmWINS Group Benefits (AmWINS). This is the second relationship Zurich has formalized to further its growth plan in the program accident and...
Equity Risk Partners, Lipscomb & Cathey Form Dallas Partnership
Nov 8 2010 // Insurance brokers Equity Risk Partners (ERP) and Lipscomb & Cathey have formed a joint venture to cater to the needs of the private equity space in Texas. The new partnership, called ERP-Texas, will combine the niche...
Bradway Joins Business Risk Partners
Nov 4 2010 // Connecticut-based managing general agency Business Risk Partners has named Mark Bradway as director of broker relations. He has worked in specialty liability for over a decade. He began his career at wholesale insurance...
PartnerRe Reports $525 Million Q3 Net Income; $282 Million Operating
Nov 4 2010 // Bermuda-based PartnerRe Ltd. reported net income of $524.9 million, or $6.76 per share on a fully diluted basis for the third quarter of 2010. The bulletin said the figure “includes net after-tax realized and...
Arrowhead Announces Acquisition of Alexander Anthony Insurance, LLC
Nov 3 2010 // San Diego, CA, 11/03/2010 – ARROWHEAD General Insurance Agency, Inc., a leading provider of property and casualty insurance programs and one of the nations largest program managers, is pleased to announce the...
Brown & Brown Announces Asset Acquisition of Rogers & Norman
Nov 3 2010 // Brown & Brown Inc. has announced the asset acquisition of Seattle-based Rogers & Norman Inc. Established in 1956, and with annual revenues of approximately $3.2 million, Rogers & Norman offers insurance...
Westrope Acquires Midwestern General Agency
Nov 2 2010 // Wholesale insurance broker Westrope has acquired the assets of Midwestern General Agency, a binding authority and small brokerage operation, based in Kansas City, Mo. Midwestern General has been in business since 1959 and...
Ohio Mutual Insurance to Acquire New England’s Casco Indemnity
Nov 2 2010 // Ohio Mutual Insurance Group (OMIG) has reached an agreement to acquire N.E. Corp. and its wholly-owned subsidiary Casco Indemnity Co., a property and casualty insurer located in Saco, Maine. The transaction is expected to...
Sources Say Allianz and Partners Plan UK Fast-rail Bid
Oct 29 2010 // German insurer Allianz has tapped Britain’s largest private pension fund and one that invests the pensions of Canada’s Mounties to make a joint bid for Britain’s sole high-speed railway, sources...
Sources Report SCOR, RGA in Race to Acquire Aegon’s Transamerica Re
Oct 29 2010 // French reinsurer SCOR Group and Reinsurance Group of America (RGA) are in the race to buy Dutch insurer Aegon NV’s Transamerica Reinsurance unit, sources familiar with the matter said. The auction, which started...
Oak Street Funding Sold to Private Equity Group Angelo, Gordon & Co.
Oct 28 2010 // Indianapolis-based Oak Street Funding, one of the largest insurance lending firms for the insurance industry and insurance agencies, has been acquired by private equity firms managed by the firm Angelo, Gordon & Co....
ACE to Acquire New York Life’s Operations in Hong Kong and Korea
Oct 27 2010 // ACE Limited announced that it has signed a definitive agreement to acquire New York Life’s Hong Kong and Korea life insurance operations for approximately $425 million in cash. ACE said the deal would expand its life...
American Physicians Capital, Doctors Co. Merger Completed
Oct 26 2010 // Health care liability insurance provider American Physicians Capital Inc., based in East Lansing, Mich., announced the completion of the merger pursuant to which APCapital became a wholly owned subsidiary of The Doctors...
Brown & Brown Buys Some Business from Pennsylvania’s Greystone
Oct 25 2010 // Insurance broker Brown & Brown has acquired part of the business of Berwyn, Pa.-based Greystone Benefits, Inc. The company said that the acquired book of business, with annual revenues of approximately $1.2 million,...
Willis Acquires Prestige Office Building in Birmingham, UK
Oct 22 2010 // Willis Group Holdings announced that it has secured the biggest office letting in Birmingham’s Jewellery Quarter this year at the landmark 40 St. Paul’s Place. Willis Group Chairman and CEO Joe Plumeri...
Hub Acquires Burnham
Oct 18 2010 // Chicago-based broker Hub International has acquired Burnham and Company Inc., of New Jersey. Terms of the deal were not disclosed. Burnham, based in Englewood Cliffs, has approximately $4 million in annual revenue. It will...
Markel Completes Acquisition of Aspen, FirstComp
Oct 18 2010 // Markel Corp. has completed the previously announced acquisition of Aspen Holdings, Inc., a privately held insurance group that provides workers compensation insurance and related services, principally to small businesses,...
Aon to Cut 1,500 Jobs After Hewitt Merger
Oct 15 2010 // The insurance conglomerate Aon Corp. says it will cut 1,500 to 1,800 jobs over the next three years after acquiring Hewitt Associates. The Chicago company says the cuts and other restructuring will be complete at the end...
Ironshore, Distinguished Programs Group Form Acquisition Unit
Oct 14 2010 // Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the managing general underwriter and...
Clements Europe Acquires Vehicle Risk Management Book from Lockton
Oct 14 2010 // Insurer Clements Europe has acquired the International Vehicle Risk Management (IVRM) business from broker Lockton. The IVRM business consists of overseas diplomats and International fleet business, complementing Clements...
