Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Focus Holdings Closes on Acquisition of Capacity Insurance in Florida
Jul 8 2009 // Focus Holdings, LLC in Sunrise, Florida, reports that it closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better known by the name of...
S&P Changes Outlook on PartnerRe’s Ratings to Negative
Jul 7 2009 // While Standard & Poor’s Ratings Services is positive in its outlook for PARIS RE (See related article), it is less so when it comes to the acquiring company, Bermuda-based PartnerRe. S&P said it has revised...
S&P, Best See Positive Outlook for PARIS RE Deal with PartnerRe
Jul 7 2009 // Both A.M. Best Co. and Standard & Poor’s Ratings Services have taken a positive outlook for their ratings on PARIS RE and its operating companies, following the announcement that the group would be acquired by...
PartnerRe To Acquire PARIS RE; Best Sees no Rating Change
Jul 6 2009 // Bermuda-based PartnerRe announced that it has entered into definitive agreements to acquire PARIS RE, a French-listed, Swiss-based diversified reinsurer. PartnerRe will exchange 0.30 of its common shares for each PARIS RE...
Tower Group to Acquire Specialty Underwriters’ Alliance of Illinois
Jul 6 2009 // New York-based Tower Group Inc. has agreed to purchase Specialty Underwriters’ Alliance Inc., headquartered in Chicago, in a transaction valued at approximately $107 million. SUA said the deal will enable it to...
Swimming Downstream: How a Regional Insurer Buys Others Through Demutualization
Jul 6 2009 // Donegal Group’s Strategy Has Taken It From Writing in One to 19 States in 20 Years Even in a good economy, mutual insurers face challenges trying to raise the capital they need to grow because they don’t have...
Farmers Acquisition of 21st Century Insurance Finalized
Jul 2 2009 // Los Angeles-based The Farmers Insurance Group of Companies has completed the acquisition of 100 percent of AIG’s U.S. Personal Auto Group, which includes 21st Century Insurance. In addition to 21st Century Insurance,...
American Safety Insurance Acquires Oklahoma’s Victore Insurance Co.
Jul 2 2009 // Bermuda-based American Safety Insurance Holdings Ltd. reported that its American Safety Casualty Insurance Company (ASCIC) subsidiary has acquired, for cash, Victore Insurance Company (VIC), an Oklahoma domiciled admitted...
Apex Global Partners Acquires Dallas Insurance Broker
Jun 29 2009 // Dallas-based Apex Global Partners (AGP) has acquired the Corrigan Jordan Insurance Agency, a privately owned insurance and risk management brokerage also headquartered in Dallas. Corrigan Jordan has been providing...
California Broker Lawson-Hawks Acquires Truckee Insurance
Jun 25 2009 // Mountain View, Calif.-based Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., has acquired Truckee, California Insurance Agency. Terms of the transaction were...
Di Blasi to Lead Apex Global Partners’ Austin Sales Operations
Jun 25 2009 // Apex Global Partners Inc. (AGP) has appointed Mario Di Blasi as sales director of its Austin, Texas, employee benefits operations. Di Blasi is experienced in structuring contemporary healthcare programs for Texas...
Zurich Names Schiavone to Head Global M&A
Jun 24 2009 // Zurich Financial Services Group has appointed Paul Schiavone (40, US citizen) to the position of Global Head of Mergers and Acquisitions for Global Corporate, with immediate effect. He will be responsible for developing...
Specialty Underwriters’ Alliance Extends Partner Agent Agreements
Jun 23 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. has amended its Partner Agent Program Agreements with its three largest Partner Agents – Risk Transfer Programs LLC (RTP); American Team Managers Insurance...
Tower Group to Acquire Specialty Underwriters’ Alliance of Illinois
Jun 22 2009 // New York-based Tower Group, Inc. has agreed to purchase Illinois-based specialty insurer Specialty Underwriters’ Alliance, Inc. in a transaction valued at approximately $107 million. Under the terms of that...
Aquiline to Buy Conning & Co. from Swiss Re
Jun 16 2009 // Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, said Tuesday it agreed to buy insurance services provider Conning & Co. from Swiss Reinsurance Co. Ltd. Terms of the deal were not...
Nevada Governor Signs Bill to Change Division of Insurance Funding
Jun 15 2009 // Nevada Gov. Jim Gibbons has signed a bill that will change the funding structure of the Nevada Division of Insurance and strengthen consumer protections in the area of viatical settlements. The bill, Senate Bill 426,...
Max Cap Says IPC Shareholders Have Rejected Merger Deal
Jun 12 2009 // Shareholders of Bermuda-based insurer IPC Holdings voted down a tie-up with Max Capital Group on Friday, Max said. The deal between IPC and Max, also Bermuda-based, had the approval of the boards of both companies. IPC...
New York Investment Firm, South Korean Bank to Buy AIG Buildings
Jun 10 2009 // A consortium including a New York investment firm and a Korean bank agreed to buy American International Group Inc.’s New York headquarters, the broker, CB Richard Ellis, said Tuesday. Youngwoo & Associates and...
Northeast’s ProMutual to Buy Michigan Medical Liability Insurer FinCor
Jun 10 2009 // Massachusetts-based medical liability insurance company Medical Professional Mutual Insurance Co., known as ProMutual, will acquire medical liability insurer and risk management company FinCor and its...
Arthur J. Gallagher Acquires North Carolina’s Taylor Insurance Agency
Jun 10 2009 // Illinois-based international insurance broker Arthur J. Gallagher & Co. has acquired Walker Taylor Agency of Wilmington, North Carolina. Terms of the transaction were not disclosed. Spanning five generations with...
