Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Marsh McLennan Agency Acquires Virginia’s Rutherfoord Agency
Mar 17 2010 // In a move that accelerates its national growth, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Thomas Rutherfoord, Inc., the country’s 14th largest privately-held...
Higginbotham and EnRisk Services Partner to Serve Texas Energy Industry
Mar 16 2010 // Independent insurance and financial services brokerage firm, Higginbotham & Associates, has engaged EnRisk Services, an insurance broker and risk manager for the energy industry, to supplement its existing Energy...
PartnerRe Prices $500 Million Sr. Notes: S&P Assigns ‘A’ Rating
Mar 15 2010 // Bermuda-based PartnerRe Ltd. announced that it has priced, through its indirectly wholly-owned subsidiary PartnerRe Finance B LLC, $500 million of 10-year fixed rate 5.50 percent Senior Notes, pursuant to its currently...
As Weather Warms, Property Owners Urged to Buy Flood Insurance
Mar 12 2010 // Having flood insurance will be increasingly important this year as spring rain combines in many parts of the U.S. with the melting of record snowfall, according to the Insurance Information Institute. “Many states on...
USI Holdings Acquires Business from Seattle Broker RA Bench
Mar 12 2010 // USI Holdings Corp. has reported the closing of the acquisition of the insurance and financial services business of RA Bench, a Seattle, Washington, based wealth management, executive and group employee benefit insurance...
Markel, Towing Contractors Renew Insurance Partnership
Mar 11 2010 // Markel has renewed its partnership with the Independent Garage & Towing Contractors, Inc. (IGTC) to administer a tailored insurance program for tow truck companies and to work with local agents to arrange an insurance...
RSA Acquires Renewal Rights to TrygVesta’s Marine Portfolio
Mar 11 2010 // The UK’s RSA Insurance Group announced that its Danish subsidiary Codan Forsikring A/S has acquired the renewal rights to TrygVesta’s marine hull portfolio for DKK 50 million [app; £6 million – $9...
PartnerRe Gives Loss Estimates for Chile Quake, Windstorm Xynthia
Mar 9 2010 // Bermuda-based PartnerRe Ltd has issued preliminary estimates of expected claims from the earthquake in Chile and European Windstorm Xynthia. Total insured industry losses from the M8.8 earthquake in Chile, which hit on...
Fairfax Financial to Buy Remaining Shares of Zenith National Insurance in $1.4 Billion Deal
Mar 8 2010 // Toronto-based Fairfax Financial Holdings Ltd. and Woodland Hills, Calif.-based Zenith National Insurance Corp. have entered into a merger agreement in which Fairfax will acquire all of the outstanding shares of Zenith...
AIG Sells Alico Unit to MetLife for $15.5 Billion
Mar 8 2010 // AIG is selling its foreign life insurance unit to MetLife Inc. for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a massive U.S. government bailout. MetLife said Monday that it would...
A ‘Great Earthquake’ Strikes Chile; Insurance Doesn’t Pose Systemic Risks to the Economy; Berkshire Buys More Munich Re
Mar 7 2010 // February was a short month, but a deadly one. In addition to a massive earthquake in Chile, the Northeastern U.S. was hit by three blizzards; floods and mudslides ravaged the Portuguese island of Madeira and beleaguered...
Former Partner Returns to Law Firm Anderson Kill & Olick
Mar 5 2010 // New York insurance law firm Anderson Kill & Olick, has named Larry Kill as chair of its Corporate & Commercial Litigation practice. Kill has represented clients in a wide range of complex commercial litigation,...
InsureZone Acquires Nevada Based CMS Agency
Mar 4 2010 // InsureZone Inc. announced that it has purchased 100 percent of the assets of CMS Agency Inc. a wholesaler based in Las Vegas. The transaction gives InsureZone, through its wholesale subsidiary AgentSecure, the opportunity...
S&P Puts ‘the Pru’ on CreditWatch / Negative on AIA Acquisition
Mar 2 2010 // Standard & Poor’s Ratings Services has placed its ratings on Prudential PLC and its operating subsidiaries, including the ‘A+’ long-term counterparty credit rating on Prudential, on CreditWatch with...
Brown & Brown Acquires Certain Assets of DiMartino Associates
Mar 1 2010 // J. Scott Penny, regional executive vice president of Florida-based Brown & Brown Inc., and Gregory P. DiMartino, president of DiMartino Associates Inc. of Seattle, announced the acquisition of the insurance agency and...
Evergreen Insurance Managers Acquires Certain Intercontinental Insurance Accounts
Feb 25 2010 // Evergreen Insurance Managers Inc. of Beaverton, Ore., announced the purchase of a Penn-America Insurance Co., Penn-Star Insurance Co., United National Insurance Co. book of business, and certain brokerage accounts from...
Meyenhofer to Retire from Chairmanship of PartnerRe Global
Feb 22 2010 // Bermuda-based PartnerRe Ltd. announced that Bruno Meyenhofer, Chairman of PartnerRe Global (the Company’s non-U.S. operations], has advised the Company of his decision to retire, effective March 31, 2010. He joined...
Private Crop Insurers Oppose Funding Cuts
Feb 21 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program it says would cut $4 billion — or $800 million a year — over the next five years. The proposal by the U.S....
How Program Partners Can Help You Sell Value
Feb 21 2010 // “Price is what you pay. Value is what you get.”—Warren Buffet Agents, brokers and underwriters should heed Mr. Buffet’s advice and consider how they’re doing business. I’ll bet if I asked...
M&A Activity at Decade Lows
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
