Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe to Release Q4, FY Earnings Today; Conference Call Details
Feb 2 2009 // Bermuda-based PartnerRe will release its 2008 fourth quarter and full year results after the market close today, Monday, February 2, 2009. PartnerRe senior management will conduct a dial-in conference call, which will...
Eastern Insurance Acquires Rosemary Walker Agency in Massachusetts
Jan 29 2009 // Natick, Massachusetts-based Eastern Insurance Group has acquired Rosemary Walker Insurance Agency in Danvers. Terms of the deal were not disclosed. Rosemary Walker was founded in 1970. Eastern said the acquisition will...
Diablo Valley Insurance Acquires Gingrich Insurance Brokers
Jan 29 2009 // Diablo Valley Insurance Agency Inc. of Walnut Creek, Calif., acquired the assets of Gingrich Insurance Brokers of Orinda, Calif. Gingrich Insurance Brokers with annualized revenues of approximately $900,000, focuses on...
Texas Security General Acquires Business of Emerald Surplus
Jan 26 2009 // Effective Jan. 1, 2009, San Antonio-based Texas Security General Insurance Agency Inc. (TSGA) officially acquired the stock of Emerald Surplus Inc. and is transitioning all business to TSGA, the company announced. All...
Hannover Re Buys ING’s Life Portfolio from Scottish Re
Jan 23 2009 // Hannover Re is buying a life insurance portfolio of ING Groep from Scottish Re to become the fifth-biggest individual life reinsurer in the United States, the company said on Friday. While Hannover Re did not say what it...
PartnerRe Analyzes January Non-Life Renewals
Jan 23 2009 // Bermuda’s PartnerRe Ltd. announced that during the January 1 renewal season it expects to write and bind approximately $2.1 billion of Non-Life premium. The life renewals are not included, as they are distributed...
Bankers Insurance Moves into North Carolina, Acquiring HVWM Group
Jan 22 2009 // Bankers Insurance, LLC has acquired the Hutton Vincent Williamson McLean Insurance Group (HVWM) based in Asheville, N.C. HVWM is one of the oldest and largest independent agencies in western North Carolina. This purchase...
Insurance Brokerage Scanlon, Guerra, Burke Names Schneir Partner
Jan 22 2009 // Justin Schneir has been named a partner in the Woodland Hills, Calif.-based insurance brokerage firm of Scanlon, Guerra, Burke. He has been with SGB since 2003. According to the company, the promotion of Schneir continues...
Best Affirms PartnerRe’s ‘A+’ Ratings
Jan 21 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings of “aa-” of the Bermuda-based PartnerRe Group and its members. Best also affirmed the ICR...
Long Island’s Bradley & Parker Acquires Profile Coverage
Jan 20 2009 // Syosset, New York-based insurance agency Bradley & Parker has acquired Profile Coverage Corp. and its affiliated companies, located in Ronkonkoma. With roots going back to 1964, Profile Coverage Corp. is an all lines...
New York’s NIF Group Acquires California’s HDR
Jan 16 2009 // Manhasset, New York-based specialty insurance firm NIF Group has acquired HDR Insurance Services of Sacramento, California. HDR specializes in providing innovative programs for independent agents. HDR will continue to...
American Pinnacle Partners Launches Western Pinnacle Insurance Services
Jan 14 2009 // Seal Beach, CA and Fresno, CA, January 14, 2009 — American Pinnacle Partners, Inc. (“APP”), a holding company of specialty insurance companies, announced today that APP through a two-step transaction has...
Markel Acquires California’s Child Welfare Insurance Services
Jan 14 2009 // Markel Insurance Co. has acquired the property and casualty insurance renewal rights of Child Welfare Insurance Services effective Dec. 31, 2008. Rhonda Sciortino, founder and chief executive officer of Child Welfare...
BMO Financial Agrees to Buy AIG Life of Canada for $308 Million
Jan 13 2009 // American International Group, Inc. (AIG) announced today an agreement to sell AIG Life Insurance Co. of Canada to BMO Financial Group. Under the terms of the transaction, BMO will acquire AIG Life of Canada for...
American Pinnacle Partners Announces Acquisition of Consolidated Special Risk Managers, Inc.
Jan 12 2009 // Seal Beach, CA and San Rafael, CA, January 12, 2009 — American Pinnacle Partners, Inc. (“APP”), a holding company of specialty insurance companies, and Consolidated Specialty Risk Managers...
Glatfelter Insurance Group Acquires Professional Underwriters
Jan 12 2009 // York, Pennsylvania-based insurance broker Glatfelter Insurance Group has acquired Professional Underwriters Co. of Exton, Pa. for an undisclosed sum. Glatfelter is one of the largest insurance brokerages in the country;...
AFCO Credit Corp. to Acquire U.S. Operations of Cananwill
Jan 9 2009 // AFCO Credit Corp. has plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corp. Glenview, Ill.-based Cananwill provides insurance premium financing for commercial property...
HCC Acquires Massachusetts-Based Lumber Underwriter, VMGU Insurance
Jan 6 2009 // Houston-based specialty insurer HCC Insurance Holdings, Inc. has acquired VMGU Insurance Agency, an underwriter of the lumber, building materials, forest products and woodworking industries. The acquisition, along with...
Brown & Brown Insurance Buys New Jersey’s Gallagher Associates
Jan 5 2009 // Florida-based insurance agency Brown & Brown, Inc. has purchased the assets of Gallagher Associates in Blackwood, New Jersey. Gallagher Associates, with annualized revenues of approximately $2.0 million, sells...
S&P Explains How Mitsui, Aioi, Nissay Merger Plans May Affect Ratings
Jan 5 2009 // Standard & Poor’s Ratings Services said today that media reports of a possible merger among Mitsui Sumitomo Insurance Group Holdings Inc., the holding company of Mitsui Sumitomo Insurance Co. Ltd. (MSI) (...