Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Aon Notes M&A Activity Produces Increased Warranty Claims
Nov 25 2008 // A bulletin from Aon’s London office concerning mergers and acquisitions states that “sellers are facing a new hurdle as buyers are increasingly seeking to recover damages for financial discrepancies on the cusp...
Texas Mutual, NFIB Partnership Pays Dividends for Small Businesses
Nov 25 2008 // Texas Mutual Insurance Company announced a $446,998 dividend to the National Federation of Independent Business (NFIB) purchasing group for manufacturers. The group has earned more than $542,000 in dividends since 2007,...
Arthur J. Gallagher Buys Georgia’s Continental Special Risks
Nov 25 2008 // Insurance broker Arthur J. Gallagher & Co.’s subsidiary, Risk Placement Services, Inc., reported that it has acquired Continental Special Risks, Inc., in Roswell, Georgia. Terms of the transaction were not...
FTC Blocks Merger of Insurance Loss Vendors CCC Information, Mitchell
Nov 25 2008 // The Federal Trade Commission has filed suit to block the merger of CCC Information Services Inc. and Mitchell International Inc., charging that the merger would hinder competition in the market for electronic systems used...
Wholesale Broker Advanced E & S Group Acquires Florida’s Symons
Nov 24 2008 // Hollywood, Florida-based insurance wholesale broker Advanced E & S Group has acquired Symons International Group of Boca Raton and merged it into its Florida operation. Symons is a wholesale broker and underwriting...
IAG, State Bank of India Agree to Form General Insurance Joint Venture
Nov 24 2008 // Insurance Australia Group Limited (IAG) and State Bank of India (SBI) announced that they have signed a joint venture agreement to establish a general insurance company in India, which is expected to commence trading in...
Wells Fargo Acquires Assets of Michigan’s Doeren Mayhew Risk Management
Nov 24 2008 // San Francisco-based Wells Fargo Insurance Services Inc. a bank-owned insurance brokerage and a subsidiary of Wells Fargo & Co., has acquired the assets of Troy, Michi.’s Doeren Mayhew Risk Management LLC. Doeren...
Zurich Completes Russian Acquisition
Nov 21 2008 // Zurich Financial Services Group has announced the completion of the acquisition of a remaining 34 percent minority stake in Russia’s OOO NASTA Insurance Company, which was renamed Zurich Retail Insurance Ltd. at the...
Japan Approves Tokio Marine Acquisition of Philadelphia Insurance
Nov 21 2008 // Philadelphia Consolidated Holding Corp. reported that the Financial Services Agency of Japan has approved its acquisition by Tokio Marine Holdings, Inc. Tokio Marine is acquirinsg all outstanding shares of the insurer for...
Arthur J. Gallagher Buys The HR Group of Tennessee
Nov 20 2008 // International insurance broker Arthur J. Gallagher & Co. reported it has acquired The HR Group, LLC in Brentwood, Tennessee. Terms of the transaction were not disclosed. Established in 1996, The HR Group offers...
Brown & Brown Acquires Small Business Unit of N.J.’s Conner Strong
Nov 18 2008 // Florida- based Brown & Brown, Inc. said it it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey. The small business insurance...
Hartford, 3 Other Insurers Seek to Buy Thrifts to Obtain Bailout Funds
Nov 17 2008 // Four insurance companies on Friday asked the government to allow them to buy thrifts so they can qualify to receive federal money under the financial rescue program. Hartford Financial Services Group Inc., Genworth...
Iroquois Expands Managing Partner’s Region to Kansas and Missouri
Nov 17 2008 // The Iroquois Group recently announced that Managing Partner Philip Dawson’s management responsibilities have been expanded to incorporate the states of Kansas and Missouri. He currently handles Iroquois’ Great...
Brown & Brown Announces Asset Acquisition of Agency Associates
Nov 14 2008 // J. Scott Penny, regional executive vice president of Brown & Brown, Inc., and Frederick W. “Fred” McClaine, B. Michael Haffey and Ronald L. “Ron” Smith, principals of Agency Associates, Inc.,...
ING Canada CEO Eyes Acquisitions
Nov 13 2008 // ING Canada is in a good position to make an acquisition and has the financial muscle to acquire pretty well any property and casualty insurer in Canada, the chief executive of the home and auto insurer said...
Illinois’ Archer Daniels Midland Co. Acquires Shares of Agriserve Inc.
Nov 12 2008 // Archer Daniels Midland Company announced on Nov. 11 that its wholly owned subsidiary, Agrinational Insurance Company, has acquired 50 percent of the shares of Agriserve Inc. (ASI). Agrinational has also acquired an option...
Equity Risk Partners Adds Hennessy to Management Team
Nov 11 2008 // San Francisco-based Equity Risk Partners Inc. (ERP), a full service insurance brokerage and Kim Hennessy senior managing director of the company’s Property/Casualty Practice. In her new position, Hennessy will be...
Farmers Insurance Partners with Utah Gang Investigator Association
Nov 10 2008 // Recognizing the growing menace of gangs in Utah, Farmers Insurance Group of Companies has partnered with the Utah Gang Investigator Association and Law enforcement agencies through the sponsorship of a parent guidebook to...
S&P Affirms PartnerRe’s ‘AA-‘ Ratings and Stable Outlook
Nov 10 2008 // Standard & Poor’s Ratings Services has affirmed its ‘A’ counterparty credit rating on Bermuda-based reinsurance holding company Partner Re Ltd. and its ‘AA-‘ counterparty credit and...
Max Cap Completes Lloyd’s Acquisition
Nov 10 2008 // The Bermuda-based Max Capital Group has completed the previously announced acquisition of Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Company Limited. “Imagine...
