Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Towers Perrin, Watson Wyatt Complete Merger
Jan 4 2010 // Towers Watson & Co. has completed the merger of Towers Perrin and Watson Wyatt. The transaction to form Towers Watson, a global professional services company, was announced on June 28, 2009. Watson Wyatt CEO John...
Maine’s United Insurance Acquires Mexico Agency from Northeast
Dec 23 2009 // Falmouth, Maine-based insurance agency United Insurance has acquired the Mexico Agency business from Northeast Bank Insurance Group. The Mexico Agency, which was acquired by Northeast in 2004, writes approximately $900,000...
Combined Agents Names Top 4 Insurance Company Partners
Dec 22 2009 // Austin, Texas-based Combined Agents of America LLC (CAA) reports that Central Insurance Companies, Texas Mutual Insurance Company, Travelers Insurance and The Hartford have been named the 2009 “Top Four Company...
Marsh & McLennan Agency Buys New Jersey’s NIA Group
Dec 22 2009 // Marsh & McLennan Agency has acquired The NIA Group, one of the largest independent insurance agencies in the Northeast. Terms of the deal were not released. Paramus, New Jersey-based NIA, founded in 1926, has annual...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Marsh to Acquire HSBC Insurance Brokers; Enters ‘Strategic Partnership’
Dec 18 2009 // Marsh announced that it has concluded an agreement to acquire HSBC Insurance Brokers Ltd (HIBL), a wholly owned subsidiary of the HSBC Banking Group. The total consideration is valued at £135 million ($218 million),...
PartnerRe Appoints Carre Group Risk Management Director
Dec 16 2009 // Bermuda-based PartnerRe Ltd. announced that Jérôme Carré, currently Chief Risk Officer for PARIS RE, has been appointed as PartnerRe Group Risk Management Director, effective January 1, 2010. He will...
Aon to Acquire Construction Insurance Broker FCC Global of Spain
Dec 15 2009 // Aon Risk Services said that it has agreed to acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC. FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas,...
Best Sees No Ratings Change from Torus, Sideris Re Merger
Dec 10 2009 // A.M. Best Co. indicated that its ratings of Bermuda-based Torus Insurance Holdings Limited and its operating subsidiaries remain unchanged following the contribution of Sideris Re Holdings Ltd (SRH) to Torus by First...
PartnerRe Cross-Lists on NYSE, Euronext Paris Stock Exchange
Dec 8 2009 // Bermuda-based PartnerRe Ltd. announced its successful cross-listing on both the NYSE and Euronext Paris stock exchanges. The company said the cross-listing facility, effective immediately, is consistent with its...
PartnerRe Completes PARIS RE Acquisition
Dec 8 2009 // Bermuda-based PartnerRe Ltd. announced that it has completed its acquisition of 100 percent of the outstanding common shares of PARIS RE Holdings Limited, following the approval by PARIS RE’s shareholders of the...
Wells Fargo Insurance Buys Agencies in Florida, Washington
Dec 8 2009 // Wells Fargo Insurance Services, Inc. has acquired iLeader Risk Management Solutions, a single office, insurance brokerage located in Tampa, Fla., and Orca Bay Benefits, LLC, a single office, employee benefits insurance...
Aon Acquires Major Construction Insurance Broker Allied North America
Dec 7 2009 // Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in...
Lawson-Hawks Acquires J6 Insurance Services
Dec 4 2009 // Mountain View, Calif.-based Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker, has acquired J6 Insurance Services, Inc of Rocklin, Calif. in an asset purchase arrangement. The terms of the...
Indiana’s Shepherd Insurance Acquires DeTrude & Company
Dec 3 2009 // Carmel, Ind.-based Shepherd Insurance Agency has acquired employee benefits services firm, DeTrude & Company. DeTrude & Company, also a central Indiana-based firm, was founded in 1980 by Keith DeTrude. Its client...
Washington Domestic Partner Law Goes Into Effect
Dec 3 2009 // Washington State’s new domestic partnership law goes into effect today, and that means wherever a policy says ‘spouse’ the policy must cover registered domestic partners, Insurance Commissioner Mike...
Flagstone Re Buys Retrocessional Coverage from Montana Re Cat Bond
Dec 2 2009 // Flagstone Reinsurance Holdings Limited announced that Flagstone Réassurance Suisse SA, has purchased three years of fully collateralized retrocessional coverage from Montana Re Ltd. a special purpose reinsurer...
Markel Acquires Majority Stake in Dredging Equipment Maker
Dec 2 2009 // Markel Ventures has acquired a majority interest in Ellicott Dredge Enterprises, LLC, a privately held company headquartered in Baltimore, Maryland that manufactures dredging equipment for both domestic and international...
Mississippi County to Buy Insurance for Volunteer Fire Firefighters
Nov 30 2009 // Mississippi’s Lee County will spend more than $50,000 over the next three years on accident and life insurance for its 300-plus volunteer firefighters. The county’s 18 fire departments include only one —...
NIP Expands with Acquisition of San Diego Executive Benefits Firm
Nov 25 2009 // Texas-based risk management, executive compensation and benefits and corporate governance firm, NIP Inc., has acquired Retirement Capital Group (RCG), an executive compensation and benefit plan provider headquartered in...
