Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
RSA Acquires Oman’s Al Ahlia
Feb 12 2010 // The UK-based RSA Insurance Group plc has agreed to acquire Oman-based Al Ahlia Insurance Company SAOC for OMR 19 million (£31 million – $48.36 million) from ONIC. RSA said “Al Ahlia is the third largest...
PartnerRe Full Year Net Income Soars to $1.53 Billion; Q4 $354 Million
Feb 11 2010 // PartnerRe Ltd. shook off a rather dismal 2008 with a strong performance in 2009. The Bermuda-based reinsurer posted net income of $354.4 million, or $4.25 per share on a fully diluted basis for the fourth quarter of 2009,...
Hales Reports Brokerage M&As Down 40% in 2009; Expects Better 2010
Feb 7 2010 // A prolonged soft market coupled with the worst economic period since the Great Depression as well as uncertainty related to national health care reform, caused insurance brokerage buyers and sellers to struggle with how to...
iPeople to Offer Merger, Acquisition Services
Feb 5 2010 // iPeople LLC will launch a new merger and acquisition service for insurance agencies, brokerage firms and managing general agents throughout the United States. iPeople, a Washington, D.C.-based insurance consulting firm,...
K&K Insurance Acquires Leisure Sports Specialists
Feb 4 2010 // K&K Insurance Group Inc. has acquired Fort Wayne, Ind.-based Leisure Sports Specialists LLC. Terms of the transaction were not disclosed. The Leisure Sports Specialists acquisition expands K&K’s footprint as...
Allianz, Daimler Sign International Auto Coverage Partnership Agreement
Feb 3 2010 // Germany’s largest insurer has signed a partnership agreement with car-maker Daimler to provide global automotive insurance. The agreement also provides that Allianz will become Daimler’s exclusive partner for...
Confie Seguros Acquires Vern Fonk Insurance Services
Feb 1 2010 // New York-based Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired Puget Sound, Ore.-based Vern Fonk Insurance Services Inc. Vern Fonk serves Washington and Oregon. The...
Dallas Agency, Agent Partner to Form Lipscomb & Cathey
Feb 1 2010 // Dallas-based Lipscomb Insurance Group has partnered with Ronnie Cathey to form Lipscomb & Cathey. Cathey’s expertise includes real estate and marine insurance. Lipscomb is a full service agency offering...
Hales Reports Brokerage M&As Down 40% in 2009; Expects Better 2010
Jan 28 2010 // A prolonged soft market coupled with the worst economic period since the Great Depression as well as uncertainty related to national health care reform, caused insurance brokerage buyers and sellers to struggle with how to...
NSM Acquires Condon & Skelly Collectible Vehicle Insurance
Jan 27 2010 // NSM Insurance Group acquired Condon & Skelly Collectible Vehicle Insurance, effective Dec. 31, 2009. Founded in 1965, Condon & Skelly Collectible Vehicle Insurance began as a small niche insurance provider, and...
PartnerRe’s January Non-Life Treaty Renewals ‘Stable’
Jan 27 2010 // Bermuda,-based PartnerRe Ltd. announced that during the January 1, 2010 treaty renewal season it expects to write and bind approximately $2.6 billion of non-life premium. The bulletin added that this figure “includes...
Florida Peninsula Finalizes Acquisition of Edison Insurance
Jan 27 2010 // Florida Peninsula Holdings, LLC, the parent company of Florida Peninsula Insurance Co., reports it has completed its acquisition of Edison Insurance Group, including its two subsidiaries: Edison Insurance Co. and Edison...
EAGiL Acquires Goebel Insurance Agency
Jan 27 2010 // Goebel Insurance Agency of Philadelphia has been acquired by Eagil Financial Group, a New Jersey-based firm that provides financial planning services to high net worth clients. Financial details of the transaction were not...
Jordan Sells California Insurance Agency to Daughter
Jan 26 2010 // Elmer R. Jordan, past president of the Independent Agents and Brokers Association of the San Fernando Valley, Calif., has sold his agency to his daughter Karen Jordan-Quigley. The new name of the agency is Karen &...
Asia Special Situation Acquisition Corp. Makes Insurance Company Buy
Jan 25 2010 // The Asia Special Situation Acquisition Corp. (ASSAC) announced that it has completed its business combination by the acquisition of one insurance company together with approximately $650 million of assets from two...
How Rising Capital Gain Tax Rates Might Impact Tomorrow’s M&A Market
Jan 24 2010 // Agencies Contemplating Selling Soon Should Understand Their Opportunity Costs First Capital gain tax rates will increase when the current legislation sunsets at the end of 2010. The best case scenario is the current 15...
How Small Group Partnerships Help Agencies to Grow Employee Benefits Revenue
Jan 24 2010 // Gibson Insurance Group, Bolton & Co. Tell Their Tales of Growth In today’s challenging economic environment, property/casualty brokers are struggling to thrive. Toss in management of increasingly complex employee...
Private Crop Insurers Oppose Funding Cuts
Jan 22 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program they say would cut $4 billion — or $800 million a year — over the next five years. The proposal, by the...
White Mountains Re to Buy Troubled Nebraska-Based Insurer
Jan 22 2010 // White Mountains Re Ltd., a wholly owned subsidiary of White Mountains Insurance Group Ltd. has agreed to acquire Central National Insurance Company of Omaha, Neb., from Drum Financial Corporation. In runoff since 1989,...
Lockton Acquires Equity Stake in South Korean Broker IMI
Jan 21 2010 // Lockton announced that it has obtained a “significant equity holding in South Korean insurance broker IMI, with options to purchase an increased shareholding.” IMI has also been renamed Lockton Companies...
