Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Caribbean Agencies Create Partnership for Natural Disaster Management
Aug 21 2009 // The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Caribbean Disaster Emergency Response Agency (CDERA) have signed a Memorandum of Understanding (MOU) formalizing a partnership to facilitate capacity...
Source Says Macquarie in Talks to Acquire Fox-Pitt Kelton
Aug 21 2009 // Australia’s Macquarie Group Ltd. is in talks to acquire Fox-Pitt Kelton Cochran Caronia Waller, a small investment bank owned by its management and private equity firm J.C. Flowers & Co LLC, a person familiar...
Major Ohio County to Offer Benefits to Workers’ Domestic Partners
Aug 20 2009 // One of Ohio’s largest counties plans to offer health coverage to the partners of its gay and unmarried employees. Franklin County commissioners in Columbus voted unanimously on Aug. 18 to extend domestic partner...
M&A Activity Continues at a Snail’s Pace Compared to 2008
Aug 13 2009 // Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year...
Demetriou General Agency Acquires H. Al Roth Agency in New York
Aug 13 2009 // New York-based Demetriou General Agency Inc. has acquired H. Al Roth Agency in Manhattan for an undisclosed sum. The acquisition comes as Demetriou announced expansion plans for its Madison Avenue headquarters to...
Oak Street Funding Secures More Than $50M in New Capital
Aug 12 2009 // Oak Street Funding said it has secured more than $50 million in new capital from two major banks in an effort to expand opportunities for agents and brokers to borrow money to achieve their strategic goals. The new capital...
Delos and Avoca Launch Underwriting Partnership
Aug 10 2009 // Delos Insurance Group and Avoca Insurance Holdings have launched a joint venture focused on underwriting excess and specialty lines. The newly formed, Boston-based underwriting management company will be known as Naxos...
UMB Acquires St. Louis-based Chapman-Sander Insurance
Aug 7 2009 // UMB Financial Corporation affiliate UMB Scout Insurance Services Inc. is acquiring Chapman-Sander, an independently-owned insurance agency in St. Louis, Mo., in an all-cash deal, UMB announced. Details of the transaction...
Georgia Insurance Merger Firm M&A Wins Award Against Former Employee
Aug 5 2009 // Insurance industry merger consultant Merger & Acquisition Services, Inc. (M&A) reports that it has been awarded a $1.76 million judgment against a former officer of the company who kept M&A customer...
M&A Activity Continues at a Snail’s Pace Compared to 2008
Aug 3 2009 // Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year...
FPIC Insurance Group Buys Texas Med Mal Insurer Advocate, MD
Jul 31 2009 // Jacksonville, Florida-based medical liability insurer FPIC Insurance Group Inc. will acquire Advocate, MD Financial Group Inc. of Austin, Texas for $33.6 million. The deal includes additional considerations of up to $12...
HRH Acquisition Helps Boost Willis’ Revenues by 19% in Q2
Jul 30 2009 // Willis Group Holdings Limited (NYSE: WSH) reported the company’s total second quarter revenues were up by 19 percent, an increase due primarily to the HRH acquisition. Total reported revenues for the quarter ended...
Associations Partner to Share Educational Programs, Knowledge
Jul 29 2009 // The National Association of Professional Surplus Lines Offices (NAPSLO) and the Professional Liability Underwriting Society (PLUS) have collaborated to offer educational opportunities to members of both associations. Under...
PartnerRe Reports Q2, 1H Results
Jul 28 2009 // Bermuda-based PartnerRe Ltd. reported net income of $474.3 million, or $8.10 per share on a fully diluted basis for the second quarter of 2009. The bulletin said the figure “includes net after-tax realized and...
Waltz Joins Florida’s Mack Insurance Group as Partner
Jul 24 2009 // Greg Waltz has joined Mack Insurance Group, Inc. and become one of the three partners in the Deerfield Beach, Florida-based company. The company plans to change its name to Mack, Mack and Waltz Insurance Group Inc. Waltz...
S&P Affirms Ratings, Revises Outlook on Fortis, after Amlin Acquisition
Jul 23 2009 // Standard & Poor’s Ratings Services has revised its outlook to stable from negative on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), and affirmed its ‘A-‘ long-term...
SCOR Acquires XL Life America
Jul 23 2009 // SCOR Global Life US (SGL U.S.), a wholly-owned subsidiary of France’s SCOR Group, has reached a definitive agreement to acquire XL Re Life America Inc. (XLRLA), a subsidiary of XL Capital Ltd. The total consideration...
Wholesalers as Partners When Navigating Market Changes
Jul 20 2009 // We are all painfully aware of the impact of the deep recession our country has been mired in for the past year, and it appears that recovery will take some time. The tightening of credit and decline in consumer confidence...
Validus Wins IPC; Industry ‘Think Tank’ Warns on Climate Change; Partner Re to Acquire PARIS RE
Jul 20 2009 // The contest to acquire IPC Holding appears to be over. Validus Holdings, the formerly unwelcome suitor, whose rival bid ended Max Capital’s effort to take over IPC, has emerged as the winner. Validus finally came up...
AIG Sells Mexican Consumer Finance Operations
Jul 20 2009 // American International Group, Inc. announced that it has closed the sale of its consumer finance operations in Mexico, consisting of AIG Universal, S.A. de C.V., SOFOM E.N.R. and Markcenter Services, S. de R.L. de C.V, to...
