Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
S&P to Review Sompo, NIPPONKOA Ratings on Merger Plans
Mar 12 2009 // Standard & Poor’s Ratings Services has said that a management consolidation plan between Sompo Japan Insurance Inc. (AA-/Stable/–) and NIPPONKOA Insurance Co. Ltd. (A+/Stable/–) could impact its...
Auto Club Insurance to Buy GMAC Affiliate MEEMIC in Michigan
Mar 5 2009 // Auto Club Insurance Association, a Dearborn, Michigan-based insurer, reported it has agreed to acquire MEEMIC Insurance Co. and its insurance agency affiliate, MEEMIC Insurance Services Corp. ACIA is the second largest...
AmWINS Acquires 3 Medical Stop Loss Insurance Wholesale Brokers
Mar 5 2009 // Charlotte, North Carolina-based insurance wholesale brokerage AmWINS Group, Inc. has acquired three medical stop loss wholesalers in three separate regions of the country. The firms acquired are American Stop Loss...
Missouri’s Ascension Insurance Buys Florida’s Bartlett Agency
Mar 5 2009 // Kansas City-headquarted Ascension Insurance, Inc. has acquired Dennis Bartlett agency of Fort Lauderdale, Florida. The Bartlett agency specializes in medical malpractice coverage and will join Employers Mutual, Inc., a...
National City Banks Sells 2 Florida Insurance Agencies
Mar 4 2009 // An independent holding company owned by an insurance industry veteran has purchased Harbor Insurance Agency and Florida Consolidated Agency, both former wholly owned subsidiaries of National City Bank. The new owner, Tom...
Group to Buy Land to Stop Flooding in 2 Northwest Ohio Towns
Mar 4 2009 // A group looking for ways to prevent another serious flood in northwest Ohio said it will use $3 million in state aid to buy homes and land along the Blanchard River in two hard-hit towns. Buying the low-lying properties in...
Brown & Brown Acquires One Source Insurance of Indiana
Mar 3 2009 // Giant insurance broker Brown & Brown Inc. has acquired an Indiana-based agency with $1.3 million in revenues. Brown & Brown acquired the assets of One Source Insurance, Inc. of Noblesville, which sells individual...
Reinsurance Broker Guy Carpenter to Acquire Collins
Mar 2 2009 // Guy Carpenter Co., a leading risk and reinsurance specialist, has agreed to acquire John B. Collins Associates, Inc., a privately-held company and the seventh largest reinsurance intermediary in the world. Guy Carpenter...
Prudential In Lead to Acquire AIG Japanese Life Insurance Units
Feb 20 2009 // Prudential Financial Inc. is leading the race to buy two Japanese life insurers put on sale by American International Group Inc. in a deal due to close next week, sources familiar with the matter said on Friday. AIG Edison...
UK’s Prudential Sells Taiwan Insurance Units
Feb 20 2009 // Taiwan’s China Life will buy most of Prudential Plc’s local insurance business, with the UK firm taking around a 10 percent stake in China Life, valued at T$2.18 billion ($64 million), the companies said. The...
Unitrin Insurance Completes Acquisition of Direct Response for $200M
Feb 18 2009 // Trinity Universal Insurance Co., a Unitrin, Inc. subsidiary, has completed its previously announced acquisition of Direct Response Corp. and its subsidiaries in a cash transaction valued at approximately $200...
Illinois Bill Would Require Gun Owners to Buy $1M in Liability Insurance
Feb 18 2009 // An Illinois state lawmaker is proposing that gun owners be required to carry personal liability insurance of at least $1 million. Rep. Kenneth Dunkin’s bill seeks to amend the state’s Firearm Owners...
Beazley Acquiring The Hartford’s Surplus Lines Insurer, First State
Feb 17 2009 // London-based insurer and reinsurer Beazley Group is acquiring Boston-based First State Management Group, an underwriting manager specializing in excess and surplus lines commercial property insurance for $35.4 million in...
Gallagher Buys Waco Agency
Feb 13 2009 // Arthur J. Gallagher & Co. announced it has acquired Fidelity Benefits & Insurance Services in Waco, Texas. Founded in 2003, Fidelity Benefits & Insurance Services (FBIS) is an employee benefits consultant...
Marsh Sees Growth in 2009 Boosted by Acquisitions
Feb 12 2009 // Marsh & McLennan Cos Inc , the No. 2 global insurance broker, reported better-than-expected fourth-quarter earnings, helped by lower costs, and forecast higher profits in 2009, sending its shares up 16 percent. The...
PGI Commercial Acquires Assets of Michigan’s Underwriters & Brokers
Feb 11 2009 // PGI Commercial has acquired the assets of Underwriters & Brokers, Inc. of Troy, Michigan. PGIC said it will merge the platform and staff of UBI with its existing Michigan office. Underwriters & Brokers, Inc....
State Auto Mutual Completes Acquisition of Missouri’s Rockhill
Feb 10 2009 // State Automobile Mutual Insurance Co. of Columbus, Ohio, has completed its purchase of Rockhill Insurance Group of Kansas City, Mo. Rockhill writes approximately $120 million in specialty property and casualty direct...
Thai Bank Acquires AIG Bank, Card Business; S&P: ‘No Rating Change’
Feb 9 2009 // Thailand’s Bank of Ayudhya Public Company Limited (BAY) and American International Group, Inc. (AIG) announced an agreement under which BAY will acquire AIG Retail Bank Public Company Limited and AIG Card (Thailand)...
Arthur J. Gallagher & Co. Acquires Dallas-Based PartnerSource
Feb 9 2009 // Arthur J. Gallagher & Co. has acquired retail insurance broker and consultant PartnerSource Inc. in Dallas, Texas, Gallagher announced. Organized in 1994, PartnerSource specializes in the design, implementation and...
Insurers’ Stocks Down 14%; Middle Market Carriers Active in Intermediary Acquisitions
Feb 8 2009 // Stock Price: Commercial lines stocks mirrored those of major indices in 2008, trading down 14 percent. Mergers & Acquisitions: Middle market carriers continue to be major players in the acquisition market as they look...
