Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Louisiana’s Cunningham Financial Acquiring Hamilton Insurance Agency
Sep 27 2010 // Cunningham Financial Group (CFG), headquartered in Natchitoches, La., is acquiring the Hamilton Insurance Agency in Bunkie, La., and adding agency owner Denice Hamilton as a independent producer for all lines in central...
Gremesco Sells Florida Office Only to New Jersey Wholesaler PRS
Sep 27 2010 // New Jersey-based Professional Risk Solutions (PRS), a wholesale insurance broker, has purchased the assets of Gremesco of Florida, LLC, one of seven members of the Gremesco group of companies. All of the other offices of...
PartnerOne, Berkley Environmental Launch Small Business Program
Sep 23 2010 // PartnerOne Environmental, Beacon Hill Associates’ underwriting division, has established a partnership with Berkley Environmental, a Divisional of Berkley Specialty Underwriting Managers, servicing small to middle...
Bank of Montreal Eyes U.S., China Acquisitions for Insurance Group
Sep 23 2010 // Bank of Montreal is on the hunt for acquisitions in the United States and China to expand its wealth management operations, while it sees growth in Canada coming from established operations, one of BMO’s top...
Majestic Capital to Be Acquired by Bayside Capital Partners
Sep 22 2010 // Workers compensation provider Majestic Capital Ltd. has agreed to be acquired by Bermuda-based Bayside Capital Partners LLC for $0.45 per share in cash, or an aggregate purchase price of approximately $7.8 million. The...
PMA Acquisition Approved by Shareholders
Sep 22 2010 // Shareholders of Pennsylvania-based PMA Capital Corp. have approved the company’s acquisition by Old Republic International Corp. a deal that is expected to close on Oct. 1. PMA Capital also announced that President...
Volunteer Fire Companies Face Funding Woes in Delaware
Sep 21 2010 // Volunteer fire departments across Delaware are having to scrimp and put off buying new equipment just to stay afloat as local, state and charitable funds are harder to find. Kevin Wilson, president of the Delaware...
Buyers Give up on Deal to Buy AIG’s Taiwan Life Unit
Sep 21 2010 // Intended buyers of insurer American International Group’s Taiwan unit have ended their purchase agreement after Taiwan’s regulators opposed the deal [See IJ web site – ....
BP, Partners Say Most Oil Victims Should Not Be Allowed to Sue Yet
Sep 17 2010 // BP Plc and its partners in the blown-out Gulf well said on Monday that thousands of fishermen, seafood processors, restaurants, hotel owners and others may not yet have the right to sue over the spill, according to court...
S&P Sees No Effect on Endurance Ratings from Glacier Re Acquisition
Sep 16 2010 // Standard & Poor’s Ratings Services announced that its ratings on Bermuda-based Endurance Specialty Holdings Ltd. – currently ‘BBB+’ with a stable outlook – and its operating subsidiaries...
Marsh Expands M&A Practice
Sep 15 2010 // Insurance broker Marsh has added five industry veterans — four from competing broker Aon — to its private equity and mergers and acquisitions practice James O’Brien, Jason Hawkins and Craig Warnke join...
Willis, Chartis Program Partners for MetalWorkingGuard, PlasticsGuard
Sep 15 2010 // Willis Programs, a unit of Willis Group Holdings announced that it is partnering with Chartis for its MetalWorkingGuard® and PlasticsGuard® Programs, which provide tailored property and liability insurance...
ACE Will Acquire Rain And Hail Insurance Service for $1.1B
Sep 14 2010 // Insurer ACE will pay $1.1 billion to acquire the outstanding common stock of Iowa-based Rain and Hail Insurance Service Inc., the second-largest crop insurance underwriter in the U.S. and Canada. ACE already owns roughly...
Markel Acquiring Equine and Livestock Business From Hiscox
Sep 14 2010 // Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co.. Terms of the deal were not disclosed, but the companies said it would close the transaction by October...
Alabama’s Protective Life Acquires United Investors Life
Sep 14 2010 // Protective Life Corporation, of Birmingham, Ala., today announced that its principal subsidiary, Protective Life Insurance Company, has signed an agreement to acquire United Investors Life Insurance Company from Liberty...
ACE Receives Approval to Acquire Malaysian Insurer
Sep 14 2010 // The ACE Group announced that it has “received approval from Malaysia’s financial regulator, the Minister of Finance, through Bank Negara Malaysia, to acquire Jerneh Insurance Berhad, a general insurance company...
Texas Public/Private Partnership Provides Small Employer Health Coverage
Sep 14 2010 // Healthy Texas, a statewide public/private partnership established by the 81st Legislature, provides a new health insurance option for small employers in Texas, the Texas Department of Insurance announced. Eligible...
Aon Announces Leadership Team for Merger with Hewitt
Sep 13 2010 // Insurance broker Aon Corp. said it has finalized a five-year employment agreement with the head of Hewitt Associates, the benefits and human resources consulting giant it agreed to purchase earlier this year. Russell P....
PartnerRe to Repurchase Up To 7 Million Common Shares
Sep 9 2010 // PartnerRe Ltd. announced that its Board of Directors has approved a new share repurchase authorization up to a total of 7 million common shares, effective immediately. “This replaces the prior authorization of 8...
Ironshore Partners with Palmer & Cay on Timberlands Insurance Program
Sep 9 2010 // Ironshore Inc. has launched a Timberlands Insurance Program designed by Palmer & Cay, LLC for institutional timber tract owners and managers. Ironshore will underwrite a portfolio of policies created exclusively by...
