Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Buckner Company Acquires Flying J Insurance Services
Nov 24 2009 // Salt Lake City-based The Buckner Co. has entered into a definitive agreement to purchase Flying J Insurance Services effective Jan. 1, 2010, continuing President Terry H. Buckner’s vision to grow Buckner’s...
M&A Wrap-Up: Insurance Brokerage Mergers Took a Third Quarter Vacation
Nov 23 2009 // Deal making wasn’t at the top of the list of summer activities this season, but deal vacation was. Third quarter merger and acquisition (M&A) activity continued declining to just 30 announced transactions...
Arthur J. Gallagher Buys North Carolina’s Shuford Insurance
Nov 23 2009 // International insurance broker Arthur J. Gallagher & Co. reported it has acquired Shuford Insurance Agency, Inc. in Concord, North Carolina. Terms of the transaction were not disclosed. Founded in 1938, Shuford...
XL Acquires Unicorn Underwriting to Strengthen Equine Capabilities
Nov 19 2009 // XL Insurance, the global insurance operations of XL Capital, announced “the strengthening of its equine capabilities” with the acquisition of an underwriting and claims team from London-based Unicorn...
Willis North America Names Joost as National Partner in New York
Nov 16 2009 // Global insurance broker Willis Group Holdings has appointed Eric Joost as national partner, North American Specialties. He will be based in New York. In his new role, Joost will lead Willis’ client service and...
Concordis Group Partners With Insurance Office of America
Nov 13 2009 // Concordis Group Inc. announced it has formed a strategic partnership with Longwood, Fla.-based privately held independent insurance agency Insurance Office of America. IOA will assist the company in expanding its...
Marsh & McLennan Agency Acquires Insurance Alliance of Texas
Nov 12 2009 // New York-based Marsh & McLennan Agency, a subsidiary of insurance mega-broker Marsh Inc., has acquired Insurance Alliance, one of the largest independent insurance agencies in Texas. Terms of the deal were not...
Dean & Draper Insurance Acquires Two Texas Agencies
Nov 12 2009 // Houston’s Dean & Draper Insurance Agency LP announced it has acquired Wilco Insurance Agency Inc. and Always Safe Insurance Agency Inc. as part of an ongoing growth strategy for the Texas-based insurance...
France’s AXA Eyes Asia Growth with Takeover Bid
Nov 9 2009 // AXA Asia Pacific rejected a $10.3 billion bid from parent AXA SA and Australian rival AMP Ltd on Monday, an initial hurdle for the French insurer’s bold ambitions to expand in Asia. AXA SA, Europe’s...
Hub International Acquires Canada’s Mones Insurance Brokers
Nov 9 2009 // Chicago-based insurance broker Hub International Limited has acquired Mones & Associates Insurance Brokers Inc., one of the largest personal and commercial insurance brokers in western and northern Canada with...
AIG Draws $2.1 Billion to Buy Aircraft Leasing Firm Shares
Nov 8 2009 // American International Group Inc. tapped the U.S. government for another $2.1 billion to buy shares of its aircraft leasing arm, International Lease Finance Corp, or ILFC, the insurer said in a regulatory filing...
Kronenberg Touts Innovation in Partnerships, Program Manager Role
Nov 6 2009 // Tony Campisi and Bill Kronenberg used to tease each other about merging their two Pennsylvania brokerage organizations. Just about a year ago, they started talking for real. On the last day of December, 2008, the deal was...
Trillium to Acquire Geneva Insurance
Nov 5 2009 // Arizona-based Trillium Management Services Inc. announced it will acquire Geneva Insurance Company Inc. of Indianapolis, Ind., in a transaction that is expected to close in December 2009. Geneva was formed in 1999 by...
BB&T Insurance Acquires Florida’s Oswald Trippe Agency
Nov 3 2009 // Raleigh, North Carolina-based BB&T Insurance Services, the nation’s seventh largest insurance broker, said it has expanded its southwest Florida operation with the acquisition of Oswald Trippe and Co. Inc. of...
Higginbotham & Associates Partners With Globex International Group
Nov 2 2009 // Fort Worth, Texas-based independent insurance and financial services firm Higginbotham & Associates has partnered with Globex International Group to provide commercial insurance, loss control and employee benefit...
Florida’s Homeowners Choice Has Eye on Merger with 21st Century Holding
Nov 1 2009 // Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12...
Oregon’s Gales Names New Partner
Oct 30 2009 // Gales Creek Insurance Services is pleased to announce that their Commercial Lines Manager, Kim Hutchinson, has become a partner in the agency. Kim has been with Gales Creek since 1999, handling national program business...
Gallagher Buys Hawaii Agency
Oct 27 2009 // Arthur J. Gallagher & Co. has acquired Triad Insurance Agency, Inc., in Honolulu, Hawaii from The Bank of Hawaii. Terms of the transaction were not disclosed. Originally founded in 1967, Triad Insurance Agency, Inc....
PartnerRe Rebounds; Posts $566.7 Million Q3 Net; $1.2 Billion 9 Months
Oct 27 2009 // Bermuda-based PartnerRe Ltd. reported net income of $566.7 million, or $9.44 per share on a fully diluted basis for the third quarter of 2009. The bulletin said the figure “includes after-tax net realized and...
Aon to Acquire Carpenter Moore
Oct 27 2009 // Global insurance broker Aon Corp. has agreed to acquire Carpenter Moore Insurance Services, Inc., a provider of executive liability risk management services and a wholly-owned subsidiary of The NASDAQ OMX Group,...
