Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
McGrath Insurance Buys Prouty
Jul 16 2010 // McGrath Insurance Group of Sturbridge, Massachusetts has acquired the Prouty Agency, also of Sturbridge, for an undisclosed sum. “Prouty Insurance has a strong tradition of providing close, personal customer...
Donegal Group to Acquire Michigan Insurance Co.
Jul 16 2010 // Donegal Group Inc. has announced the execution of an agreement pursuant to which it will acquire all of the outstanding stock of Michigan Insurance Co., a majority-owned stock subsidiary of West Bend Mutual Insurance Co....
NYMAGIC’s Ratings ‘Unchanged’ Says Best by ProSight Acquisition
Jul 16 2010 // A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of New York Marine Group and its members and the ICR of...
ProSight to Acquire NYMAGIC
Jul 15 2010 // New York-based specialty insurer NYMAGIC will be acquired by ProSight Specialty Insurance Holdings Inc. The deal is worth approximately $230 million, with stockholders receiving $25.75 per share in cash — a premium...
Markel to Acquire Workers’ Compensation Insurer FirstComp
Jul 15 2010 // Specialty insurer Markel Corp., has struck a deal worth at least $135 million to acquire Aspen Holdings, which sells workers’ compensation under the name FirstComp to small businesses in 31 states. Aspen, which is...
Best Sees No Change in PartnerRe’s Ratings after Executive Shakeup
Jul 14 2010 // A.M. Best Co. has commented that the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the Bermuda-based PartnerRe Group and its members are unchanged...
Keystone Adds Hall & Clark, Ison as Kentucky Partner Agencies
Jul 14 2010 // Keystone Insurers Group has added two more franchisees to its expanding list of Kentucky partner agencies. Hall & Clark Insurance Agency in Prestonsburg and Ison Insurance Agency of West Liberty join KIG’s 17...
PartnerRe Completes Organizational Integration of PARIS RE
Jul 14 2010 // PartnerRe Ltd. said that it “has successfully concluded the previously announced voluntary severance plan for Paris-based employees related to the Company’s acquisition of PARIS RE in 2009.” The bulletin...
A.M. Best Gives Positive Rating for Doctors Co. Acquisition
Jul 14 2010 // A.M. Best Co. has commented that the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Doctors Company Insurance Group (TDC) and its members, led by The Doctors Co., an...
Virginia Start-Up Hilb Group Acquires North Carolina, New York Agencies
Jul 14 2010 // The Hilb Group, a Virginia insurance brokerage launched in 2009 by the founder of what became one of the world’s largest brokerages along with his son, has added its first two partners as it begins building a...
RSI International Acquires Dallas-based Insurance Network Corp.
Jul 14 2010 // Texas-based RSI International Inc. has acquired Insurance Network Corp., a managing general agency based in Dallas, Texas. Established in 1996, Insurance Network Corp. specializes in securing property/casualty coverage for...
Hub International Acquires Business from Maple Leaf Insurance Agency
Jul 13 2010 // Chicago-based Hub International Ltd. announced that its Transportation Insurance operating unit has acquired the retail book of business from Maple Leaf Insurance Agency Inc., a Bremerton, Wash.-based brokerage firm that...
R.E. Chaix & Associates Acquires Whitcomb Insurance Services
Jul 12 2010 // R.E.Chaix & Associates Insurance Brokers Inc. of Irvine, Calif., has acquired Whitcomb Insurance Services. Located in Redondo Beach, Calif., the staff of Whitcomb Insurance Services is relocating to R.E. Chaix’s...
PartnerRe Names Clarke, Babcock, Pescoe to New Management Roles
Jul 12 2010 // PartnerRe Ltd. Has announced three executive management changes. Emmanuel Clarke will become CEO, PartnerRe Global effective September 1, 2010. Bill Babcock will become Executive Vice President, CFO, PartnerRe Ltd....
PartnerRe’s Exec. VP, CFO Benchimol to Step Down in December
Jul 12 2010 // Bermuda-bsed PartnerRe Ltd. announced that Executive Vice President and Chief Financial Officer Albert Benchimol will leave the Company, effective December 31, 2010. He has served as EVP & CFO since he joined PartnerRe...
Aon Buys HR Firm Hewitt
Jul 12 2010 // Aon Corp. has agreed to buy human resource consulting firm Hewitt Associates in a deal worth $4.9 billion. Aon intends to integrate Hewitt with its existing consulting and outsourcing operations, Aon Consulting, and...
Alliant Partners with Firm to Offer Self-Defense Policy to Retired Officers
Jul 9 2010 // Alliant Insurance Services has partnered with the firm LEOSA-HR218 Self-Defense Protection to provide retired federal, state, and local law enforcement officers with an insurance policy that provides legal defense coverage...
Bell-Anderson Agency Acquires Pacific Insurance
Jul 8 2010 // Kent, Wash.-based Bell-Anderson Agency Inc., a regional insurance brokerage, has acquired Pacific Insurance of Spokane, Washi. Terms of the deal were not disclosed. Jim Hunt, president and CEO, said, “the acquisition...
The Doctors Co. to Acquire American Physicians Capital
Jul 8 2010 // The Doctors Co., a national insurer of physician and surgeon medical liability, will acquire American Physicians Capital Inc. (APCapital), an East Lansing, Mich.-based provider of healthcare liability insurance, in a...
Connecticut to Buy Then Demolish Flood-Prone Properties in East Haven
Jul 7 2010 // The federal government has approved a grant of nearly $1.4 million for the state of Connecticut to buy and then demolish five flood-prone properties in East Haven. Demolishing the properties is intended to reduce or...
