Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Venbrook Acquires Ocean Marine Book of Business
Dec 11 2008 // Woodland Hills, Calif.-based Venbrook Group announced it has acquired an ocean marine book of business from Brown & Brown by its retail brokerage company, Venbrook Insurance Services (VIS). The business will be...
AXIS Capital to Acquire Managing General Agent Dexta
Dec 10 2008 // Bermuda-based AXIS Capital Holdings Limited announced that it has agreed to acquire the business and operations of Australian managing general agent Dexta Corporation Pty Ltd. from its shareholders, Ironbridge Capital,...
Gallagher & Co. Acquires Treiber Agencies
Dec 10 2008 // Itasca, Ill.-based Arthur J. Gallagher & Co. recently announced the acquisitions of The Treiber Group LLC and Treiber Agency Group LLC, both located in Garden City, N.Y. Terms of the transactions were not...
Rockhill Insurance Enters Agreement with Partners General Agency
Dec 9 2008 // Rockhill Insurance Co. recently announced that it has appointed Partners General Insurance Agency, LLC, an independently owned managing general underwriter with offices in Calabasas, Calif. and Naperville, Ill. Partners...
Brown & Brown Acquires Assets of Stewart & Tunno Insurance Agency
Dec 8 2008 // A subsidiary of Brown & Brown Inc. has acquired the assets of Stewart & Tunno Insurance Agency Inc. Portland, Ore.-based Stewart & Tunno Insurance Agency has annualized revenues of approximately $1.8...
Apex Global Partners Acquires Benefit Broker in Dallas
Dec 8 2008 // Apex Global Partners (AGP) announced the acquisition of Brooks Bitter and Associates, a privately owned employee benefits brokers in Dallas. Brooks Bittner and Associates provides benefit department outsourcing, health and...
Sacramento Urges Residents to Buy Flood Insurance
Dec 8 2008 // Sacramento officials are encouraging residents who live in a flood-prone neighborhood to buy flood insurance. New federal flood maps that take effect today designate the region known as Natomas as a hazard zone. That means...
Oklahoma Lawmaker to Renew Fight for Disaster Funding
Dec 4 2008 // Oklahoma State Rep. Joe Dorman plans to renew his fight to ensure the state funds disaster recovery efforts this year and in the future, the Oklahoma House of Representatives reported. Dorman said he will file legislation...
Canada’s Natural Gas Firm Tenaska Buys Back Interests from AIG
Dec 3 2008 // American International Group, Inc. (AIG) and Tenaska, Inc. (Tenaska) today reported that Tenaska will repurchase the interest in Tenaska Marketing Ventures, Tenaska Gas Storage and Tenaska Marketing Canada (collectively...
Keystone Insurers Group Honors 3 Agency Partners
Dec 3 2008 // Keystone Insurers Group (KIG), the fourth largest privately held property/casualty insurance agency in America and an Insurance Journal Top 100 Agency, announced the recipients of its fifth annual KIG Exemplary Awards. The...
HCC Insurance to Acquire Surety Company of the Pacific
Dec 3 2008 // HCC Insurance Holdings Inc. announced it has executed an agreement to acquire Surety Company of the Pacific (SCP), a writer of license and permit bonds headquartered in Encino, Calif. This transaction is subject to...
Fairfax to Buy Rest of Northbridge for $550 Million
Dec 2 2008 // Fairfax Financial Holdings said Monday it plans to spend C$686 million (US$550 million) to buy the remaining shares of Canadian property and casualty insurer Northbridge Financial that it does not already own. Fairfax,...
Partner Re Raises Ike Loss Estimates
Dec 2 2008 // Bermuda-based PartnerRe Ltd. has increased its estimate of claims from Hurricane Ike by $115 million to a total estimate of approximately $305 million, pre-tax and after reinstatement premiums. PartnerRe said its...
Donegal Group Acquires Sheboygan Falls Insurance Company
Dec 2 2008 // Donegal Group Inc. recently reported that it had completed the acquisition of all of the outstanding capital stock of Sheboygan Falls Insurance Co. The acquisition was approximately $12 million, which includes a surplus...
Jimcor Agencies Acquires Zaloom Associates
Dec 2 2008 // Montvale, New Jersey-based Managing General Agency Jimcor Agencies has acquired wholesale brokerage Zaloom Associates Inc. Zaloom Associates will be a division of Jimcor Agencies and will be located in the Montvale office,...
Zurich Closes Brazil Acquisitions
Dec 2 2008 // Zurich Financial Services announced that its Brazilian subsidiary Zurich Participações e Representações Ltda. (Zurich Participações) has completed the acquisition of common shares representing 87.35 percent in...
Unibanco, AIG in Joint Repurchase Plan of Brazilian Joint Venture Shares
Dec 1 2008 // Unibanco – União de Bancos Brasileiros S.A. – and American International Group, Inc. announced that they have entered into an agreement to repurchase their crossholdings in Unibanco AIG Seguros S.A. (UASEG)...
Hanover Insurance Completes Acquisition of Specialty Program Writer AIX
Dec 1 2008 // Super regional insurance carrier The Hanover Insurance Group, Inc. has completed the previously announced acquisition of AIX Holdings, Inc. Windsor, Conn.-based AIX Holdings is a specialty property and casualty insurer...
Aon Completes Acquisition of Benfield; Restructuring Includes Layoffs
Dec 1 2008 // Aon Corp. has completed its $1.43 billion acquisition of Benfield Group Limited, creating Aon Benfield, reinsurance intermediary and capital advisor, which will launch on Dec. 1. “The completion of this transaction...
RenRe’s WeatherPredict Acquires Assets of Commodity Hedgers
Dec 1 2008 // Bermuda-based RenaissanceRe Holdings announced that its U.S. affiliate, WeatherPredict Consulting Inc., has acquired the primary technology assets of Commodity Hedgers, Inc. RenRe described the company as a...
