Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Harleysville Mutual to Acquire Delta Lloyds Flood Insurance Business
Oct 27 2009 // Pennsylvania-based Harleysville Mutual Insurance Company and will be assuming the book of “Write Your Own” (WYO) flood business of Delta Lloyds Insurance Company of Houston, Texas, effective Nov. 1, 2009. Delta...
William Gallagher Acquires RPG Insurance Administrators
Oct 26 2009 // Boston-based insurance brokerage William Gallagher Associates has acquired RPG Insurance Administrators Inc. (RPG) of Medfield, Massachusetts for an undisclosed sum. RPG specializes in risk management services to medium-...
Guy Carpenter Finds Merger Interest with MGAs, Program Managers
Oct 26 2009 // Program administrators and managing general agents (PAs & MGAs) remain interested in growth through acquisition in order to accelerate top-line growth and capture market share, according to findings from new Guy...
UAE Health Insurer Daman and Munich Re Extend Strategic Partnership
Oct 22 2009 // The United Arab Emirates National Health Insurance Company, Daman, and Munich Re have extended their strategic alliance and partnership. The bulletin noted that the “initial five-year agreement between both firms was...
AmTrust to Invest $42 Million in ACAC Acquisition of GMAC P/C Insurance
Oct 21 2009 // AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty insurance business. AmTrust said it...
California’s Edgewood Partners Names New Principal
Oct 20 2009 // Edgewood Partners Insurance Center, a retail property, casualty and employee benefits insurance brokerage, has appointed Joe Vineis as principal in its San Francisco Office. Vineis brings more than 20 years of experience...
Willis Names Ealy National Partner for Midwest Region
Oct 19 2009 // Insurance broker Willis Group Holdings has appointed Thomas V. Ealy as national partner of the Midwest Region for its North American retail operations. In his new role, Ealy will oversee the company’s retail offices...
Some Mutual Insurers May Need Partners to Grow
Oct 19 2009 // The world’s mutual insurance companies are well placed to continue to grow market share in the wake of the credit crisis, but they also face a vast range of challenges, according to new research. A report by credit...
Insurance Brokerage M&A Took a 3rd Quarter Vacation
Oct 19 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 between...
Manulife Buys Pottruff & Smith; Now Canada’s No. 2 Travel Insurer
Oct 16 2009 // Manulife Financial, Canada’s biggest life insurer, announced on Thursday that it has acquired Pottruff & Smith Travel Insurance Brokers Inc. in an all cash deal that will make it Canada’s No. 2 travel...
Private Equity Fund Aquiline Acquires Consultant Conning from Swiss Re
Oct 14 2009 // Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, has acquired insurance consulting and asset management provider Conning & Co. from Swiss Reinsurance Co. Ltd. Conning & Co....
AIG Sells Taiwan Life Insurance Unit for $2.15 Billion
Oct 13 2009 // American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year. The sale of Nan Shan Life on...
Washington Insurance Agency Partners with Financial Planner
Oct 8 2009 // Washington’s Feek Justice Financial has entered into a partnership with personal and commercial lines independent agency, Conover Insurance, according to a company news release. As a result of the new partnership,...
Software Firm Ebix Acquires E-Z Data for $50 Million
Oct 6 2009 // Insurance software firm Ebix, Inc. has acquired California-based E-Z Data, Inc. E-Z Data’s Web-basd agency management, practice management, and customer relations software serves insurance companies, general agents,...
Mutual Insurers Positioned for Growth But Some May Need Partners
Oct 6 2009 // The world’s mutual insurance companies are well placed to continue to grow market share in the wake of the credit crisis, but they also face a vast range of challenges, according to new research. A report by credit...
California’s Woodruff-Sawyer Buys Western D&O from Carpenter Moore
Oct 6 2009 // California insurance agency Woodruff-Sawyer & Co. has acquired the Western region direct practice of Carpenter Moore from NASDAQ OMX Group Inc., according to the company. The Western region direct practice, based in...
Gallagher & Co. Acquires Minnesota’s Fox Lawson & Associates
Oct 2 2009 // Arthur J. Gallagher & Co. announced it has acquired Fox Lawson & Associates LLC in St. Paul, Minn. Terms of the transaction were not disclosed. Founded in 1995, Fox Lawson & Associates is a compensation and...
The NIA Group Acquires Benefits Team
Oct 1 2009 // New Jersey-based brokerage The NIA Group has acquired J. Lindsay Fuller, CLU Inc. and USC Administrative Services, an employee benefits operation based in Moorestown, New Jersey. As part of the asset acquisition, J....
Aflac Completes Acquisition of Continental American Insurance
Oct 1 2009 // Insurer Aflac Inc. has completed its acquisition of Continental American Insurance Co. (CAIC). The company said the purchase of CAIC for $100 million was funded with internal capital. The deal adds group workplace policies...
Willis Acquires 100% of Argentina Business
Sep 30 2009 // Willis Group Holdings has completed the purchase of 100 percent of the share capital of Herzfeld Willis S.A. (Retail operation) and Willis S.A. (Reinsurance operation) in Argentina. The business will now be known as Willis...
