Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Zenith Merger Will Make Fairfax 7th Largest Workers’ Comp Writer in Calif.
Feb 19 2010 // Following Zenith National Insurance Corp.’s sell the company to Fairfax Financial Holdings Ltd., Toronto-based Fairfax will be the seventh-largest workers’ compensation insurer in the state, on a pro forma...
Fairfax to Buy all Remaining Shares of Zenith in $1.4 Billion Deal
Feb 18 2010 // Fairfax Financial Holdings Ltd said Thursday it will buy all the shares of U.S. insurer Zenith National Insurance Corp that it does not already own in a deal worth about $1.4 billion.[Figures are in U.S. $, unless...
AJ Gallagher Buys Brazil Facultative Reinsurance Broker
Feb 17 2010 // Arthur J. Gallagher & Co. has acquired Securitas Re of Sao Paulo, Brazil from Estater Gestao de Investimentos Ltda. Terms of the transaction were not disclosed. It will trade internationally as Gallagher Brazil, as a...
AXA Asia-Pacific Returns to Profit; No Comments on Takeover Bids
Feb 17 2010 // Takeover target AXA Asia-Pacific’s promise of strong growth in 2010 prompted analysts to suggest suitors may consider raising their bids for the firm but top officials declined comment on the $12 billion...
PartnerRe Repurchases App. 1.7% of Common Shares Outstanding
Feb 17 2010 // Bermuda,-based PartnerRe Ltd announced the repurchase of 1,438,394 common shares in privately negotiated transactions. “The shares, totaling approximately 1.7 percent of total common shares outstanding, were...
North Carolina’s First Bank Insurance Acquires Montgomery County Agency
Feb 16 2010 // North Carolina’s First Bank Insurance Services, Inc. has acquired The Insurance Center, Inc., a Montgomery County property/ casualty insurance agency with 500 customers. Kim Birckhead, president of The Insurance...
PartnerRe Changes Organizational Structure after PARIS RE Acquisition
Feb 12 2010 // Bermuda-based PartnerRe Ltd. Has announced organizational changes, following the acquisition of PARIS RE. The Company said it would “maintain its existing business unit-based operating structure, consisting of three...
RSA Acquires Oman’s Al Ahlia
Feb 12 2010 // The UK-based RSA Insurance Group plc has agreed to acquire Oman-based Al Ahlia Insurance Company SAOC for OMR 19 million (£31 million – $48.36 million) from ONIC. RSA said “Al Ahlia is the third largest...
PartnerRe Full Year Net Income Soars to $1.53 Billion; Q4 $354 Million
Feb 11 2010 // PartnerRe Ltd. shook off a rather dismal 2008 with a strong performance in 2009. The Bermuda-based reinsurer posted net income of $354.4 million, or $4.25 per share on a fully diluted basis for the fourth quarter of 2009,...
Hales Reports Brokerage M&As Down 40% in 2009; Expects Better 2010
Feb 7 2010 // A prolonged soft market coupled with the worst economic period since the Great Depression as well as uncertainty related to national health care reform, caused insurance brokerage buyers and sellers to struggle with how to...
iPeople to Offer Merger, Acquisition Services
Feb 5 2010 // iPeople LLC will launch a new merger and acquisition service for insurance agencies, brokerage firms and managing general agents throughout the United States. iPeople, a Washington, D.C.-based insurance consulting firm,...
K&K Insurance Acquires Leisure Sports Specialists
Feb 4 2010 // K&K Insurance Group Inc. has acquired Fort Wayne, Ind.-based Leisure Sports Specialists LLC. Terms of the transaction were not disclosed. The Leisure Sports Specialists acquisition expands K&K’s footprint as...
Allianz, Daimler Sign International Auto Coverage Partnership Agreement
Feb 3 2010 // Germany’s largest insurer has signed a partnership agreement with car-maker Daimler to provide global automotive insurance. The agreement also provides that Allianz will become Daimler’s exclusive partner for...
Confie Seguros Acquires Vern Fonk Insurance Services
Feb 1 2010 // New York-based Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired Puget Sound, Ore.-based Vern Fonk Insurance Services Inc. Vern Fonk serves Washington and Oregon. The...
Dallas Agency, Agent Partner to Form Lipscomb & Cathey
Feb 1 2010 // Dallas-based Lipscomb Insurance Group has partnered with Ronnie Cathey to form Lipscomb & Cathey. Cathey’s expertise includes real estate and marine insurance. Lipscomb is a full service agency offering...
Hales Reports Brokerage M&As Down 40% in 2009; Expects Better 2010
Jan 28 2010 // A prolonged soft market coupled with the worst economic period since the Great Depression as well as uncertainty related to national health care reform, caused insurance brokerage buyers and sellers to struggle with how to...
NSM Acquires Condon & Skelly Collectible Vehicle Insurance
Jan 27 2010 // NSM Insurance Group acquired Condon & Skelly Collectible Vehicle Insurance, effective Dec. 31, 2009. Founded in 1965, Condon & Skelly Collectible Vehicle Insurance began as a small niche insurance provider, and...
PartnerRe’s January Non-Life Treaty Renewals ‘Stable’
Jan 27 2010 // Bermuda,-based PartnerRe Ltd. announced that during the January 1, 2010 treaty renewal season it expects to write and bind approximately $2.6 billion of non-life premium. The bulletin added that this figure “includes...
Florida Peninsula Finalizes Acquisition of Edison Insurance
Jan 27 2010 // Florida Peninsula Holdings, LLC, the parent company of Florida Peninsula Insurance Co., reports it has completed its acquisition of Edison Insurance Group, including its two subsidiaries: Edison Insurance Co. and Edison...
EAGiL Acquires Goebel Insurance Agency
Jan 27 2010 // Goebel Insurance Agency of Philadelphia has been acquired by Eagil Financial Group, a New Jersey-based firm that provides financial planning services to high net worth clients. Financial details of the transaction were not...
