Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Max Cap, IPC Propose ‘Cash Dividends’ as Part of Merger Deal
Jun 8 2009 // Bermuda-based Max Capital Group Ltd. has announced that it and IPC Holdings, Ltd. have agreed to pay two cash dividends that deliver $2.50 per share to IPC shareholders following the closing of the IPC-Max merger. The...
Wilson Elser Expands in Las Vegas with Five New Partners
Jun 5 2009 // Wilson Elser Moskowitz Edelman & Dicker LLP has expanded its office in Las Vegas with new partners Michael M. Edwards, Jennifer Willis Arledge, David S. Kahn, Jorge A. Ramirez and Sheri Thome. The new partners will...
Apex Global Partners Adds Bittner in Austin Office
Jun 5 2009 // Dallas-based Apex Global Partners Inc. has appointed Joe Bittner as managing director of the company’s Employee Benefits Division in Austin, Texas. Bittner is experienced in implementing and servicing corporate...
Amlin to Buy Fortis Dutch Corporate Insurance Unit; S&P, Best Comment
Jun 4 2009 // The UK’s Amlin plc announced that it has entered into an agreement to acquire Fortis Corporate Insurance N.V. (FCI), an important provider of corporate P/C insurance in the Netherlands and Belgium, from the Dutch...
Wells Fargo Insurance Services to Acquire Grady & Associates
Jun 4 2009 // Wells Fargo Insurance Services Inc., part of Wells Fargo & Co., announced that it has signed a definitive agreement to acquire Grady & Associates, a single office, retail insurance broker in Las Vegas. The...
Palisades Partners with NBIC to Offer New Jersey Coastal Coverage
Jun 3 2009 // Palisades Safety and Insurance Management Corp. and Narragansett Bay Insurance Co.(NBIC) have entered into an agreement allowing NBIC to offer coastal home insurance renewal quotes to former customers of Proformance...
Nevada Governor Signs Bill to Change Division of Insurance Funding
Jun 2 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,...
China’s CNinsure Acquires Hongzhengda
Jun 1 2009 // CNinsure Inc., China’s largest independent insurance intermediary, announced the “signing of definitive agreements to acquire 100 percent equity interest in Shenzhen Hongzhengda Insurance Surveyors & Loss...
Hub International Acquires Wash.’s Rettenmier Benefits Group
May 27 2009 // Hub International Ltd.’s Northwest operating unit has acquired the assets of Rettenmier Benefits Group Inc., an Everett, Wash.-based employee benefits consulting and insurance brokerage firm serving businesses and...
Marsh Partners with Executive Search Firm to Increase Diversity
May 20 2009 // Marsh & McLennan Companies Inc. and executive search firm Heidrick & Struggles International Inc. have agreed to partner on a recruitment initiative to help attract a more diverse talent pool to MMC. Under the...
Arthur J. Gallagher & Co. Acquires Nourse Insurance Brokers
May 19 2009 // Arthur J. Gallagher & Co. has acquired Nourse Insurance Brokers Inc. in Walnut Creek, Calif. Terms of the transaction were not disclosed. Founded in 1935, Nourse Insurance Brokers Inc. is a retail insurance broker...
AIG Sells Tokyo Building for $1.2 Billion
May 12 2009 // American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash (Yen115.5 billion) to Nippon Life Insurance Company. The property consists of...
Brown & Brown to Buy New York’s Irving Weber Associates
May 12 2009 // Brown & Brown, Inc. has agreed to acquire a Long Island-based insurance agency, Irving Weber and Associates. The deal is expected to close in late May. With annualized revenues of approximately $4 million, Irving...
Arthur J. Gallagher Acquires Texas-based Employee Benefit Broker
May 11 2009 // Arthur J. Gallagher & Co. has acquired the Sellers Group LLC, an employee benefit broker in The Woodlands, Texas. Terms of the transaction were not disclosed. Established in 1997, Sellers Group LLC offers a full range...
