Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown Acquires Louisiana Agency
Dec 18 2008 // Florida-based Brown & Brown Inc. announced it has acquired Alexander & Bolton Inc., of Alexandria, La. Alexander & Bolton, founded in 1890, is one of Louisiana’s longest operating insurance agencies....
OnPoint Underwriting To Acquire Commercial Insurance Services
Dec 17 2008 // Atlanta-based OnPoint Underwriting has acquired the assets of Commercial Insurance Services, based in Greenwood Village, Colo. Terms of the transaction were not disclosed. Commercial Insurance Services is led by Bob...
American Pinnacle Partners Acquires Consolidated Special Risk Managers
Dec 16 2008 // Seal Beach, Calif.-based American Pinnacle Partners Inc. has acquired 100 percent of Consolidated Special Risk Managers Inc. a MGU founded in 1990. Focused on the A&H/Benefits sector, CSRM has a large presence in the...
AIG Sells Residential Mortgage-Backed Securities Portfolio to Government
Dec 16 2008 // American International Group’s life insurance companies have sold residential mortgage-backed securities with a face value of $39.3 billion to the Federal Reserve Bank of New York (FRBNY) as part of its efforts to...
Medical Liability Insurer Proassurance Buys Houston’s Mid-Continent Agency
Dec 16 2008 // Birmingham ,Ala.-based ProAssurance Corp. said it will acquire Mid-Continent General Agency for an undisclosed price. Mid-Continent is a managing general agent, based in Houston, producing about $25 million a year in...
Edgewood Partners Insurance Center Acquires Complete Insurance Services
Dec 12 2008 // In an expansion of its California operations, E.P.I.C (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, recently acquired Complete Insurance Services in Irvine,...
HCC Insurance Holdings Acquires Arrowhead Public Risk, U.S. Risk Insurance Brokers’ Criminal Justice Division
Dec 12 2008 // Houston-based HCC Insurance Holdings Inc.has acquired Arrowhead Public Risk, a division of Arrowhead General Insurance Agency Inc., and also acquired the Criminal Justice division of U.S. Risk Insurance Brokers. The...
Zurich Concludes Partnerships with 3 Non-Profit Organizations
Dec 12 2008 // Zurich Financial Services Group announced that its Z Zurich Foundation has established 5-year partnerships with “three globally active Non-Profit Organizations (NPOs) to address global, social and environmental...
Insurance CEO Buys Actress Lange’s Minnesota Home for $1.8 Million
Dec 12 2008 // The buyers of Jessica Lange’s home in Stillwater, Minn. have been revealed. According to the Washington County Assessor’s Office, the buyers are Patrick and Jane Thiele. Patrick Thiele is a former top executive...
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...
