Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Employers Holdings Amends Merger Deal with AmCOMP over Florida Refunds
Aug 29 2008 // Reno, Nev.-based Employers Holdings Inc. has agreed to an amendment to the terms of its pending acquisition of AmCOMP Inc. that accounts for a regulatory ruling requiring policyholder refunds in Florida. In connection with...
AIG Buys 18% Stake in China’s MicroCred Nanchong
Aug 28 2008 // American International Group has acquired 18 percent of MicroCred Nanchong, China (MNC). The deal also gives AIG the exclusive right to sell micro insurance to MNC clients for two years. “MNC is the first wholly...
Willis Launches So. Africa M&A Practice
Aug 27 2008 // Willis Group Holdings has launched a new Mergers & Acquisitions (M&A) Practice in South Africa “to serve the insurance brokerage and risk management needs of the burgeoning private equity sector and local...
Tower and CastlePoint to Acquire Hermitage Insurance for $135M
Aug 27 2008 // Tower Group, Inc. and CastlePoint Holdings, Ltd. announced today that CastlePoint Reinsurance Co., Ltd., a Bermuda-based subsidiary of CastlePoint, has agreed to acquire HIG, Inc. Bermuda-based CastlePoint said it will pay...
Darwin to Buy Great American’s Lawyers Professional Liability Business
Aug 26 2008 // Farmington, Connecticut-based Darwin Professional Underwriters, Inc. reports it will acquire renewal rights to Great American’ Insurance Co.’s roughly $20 million of small, standard market lawyers professional...
Cherry Creek Insurance Agency Acquires Montana’s Hanes Hathaway
Aug 25 2008 // Denver-based Cherry Creek Insurance has acquired Montana-based Hanes Hathaway Inc., a specialty agency that focuses on coverage and risk exposures for technology related firms.As part of the acquisition, Cherry Creek will...
Edgewood Partners Insurance Center Opens San Francisco Office.
Aug 22 2008 // In an expansion of its California operations, Edgewood Partners Insurance Center (EPIC), a retail property, casualty and employee benefits insurance brokerage, opened an office in San Francisco. The San Francisco office...
Aon to Acquire Broker Benfield for $1.75 Billion
Aug 22 2008 // Chicago-based Aon Corporation and UK-based broker Benfield Group Limited announced that their respective boards of directors have reached agreement for Aon to acquire Benfield for £3.50 ($6.55) per share in cash and...
Soft Market Hammers Commercial Carriers’ Stocks; M&As Active in Personal Lines Sector
Aug 21 2008 // Stock Prices: The soft market continues to have an effect on insurers’ stock prices. With the inability of insurers to grow in the current market, commercial insurers’ stocks are still falling, down 18 percent...
Gallagher Acquires Wm. W. George & Associates of Dallas
Aug 20 2008 // Arthur J. Gallagher & Co. reported it has acquired Dallas-based retail insurance broker Wm. W. George & Associates Inc. Terms of the transaction were not disclosed. Established in 1972, Wm. W. George &...
Brown & Brown Acquires Pa.’s Advanced Insurance Concepts
Aug 19 2008 // The assets of Advanced Insurance Concepts, Inc. , of Bensalem, Pennsylvania, has been acquired by a subsidiary of Florida-based Brown & Brown, Inc. Advanced Insurance Concepts, with annual revenues of approximately $2...
Insurance Specialty Group Acquires E.L.M. Insurance Brokers
Aug 19 2008 // Insurance Specialty Group LLC has completed its acquisition and merger with E.L.M. Insurance Brokers Inc. of El Segundo, Calif. The company said the combined company will be a “$150 million marketing...
Angelo Joins OneBeacon Professional Partners
Aug 18 2008 // Canton, Massachusetts-based OneBeacon Professional Partners has appointed Susan Angelo senior vice president of managed care. In her new role, Angelo will oversee all product, business development and underwriting...
Zurich Closes Acquisition of 50% Stake in Spain’s Caixa Sabadell
Aug 15 2008 // Zurich Financial Services Group announced that it has completed the acquisition of a 50 percent stake in Spain’s Caixa d’Estalvis de Sabadell’s (Caixa Sabadell) life and general insurance companies,...
Florida-based Brown & Brown Acquires Reed Brothers Assets
Aug 15 2008 // A subsidiary of Florida-based Brown & Brown Inc. acquired the assets of Reed Brothers Insurance Group Inc., of Columbia, Kentucky and Tampa, Florida, according to officers of the companies. Reed Brothers Insurance...
ABD Insurance Acquires Martin Financial/Insurance Services
Aug 13 2008 // ABD Insurance and Financial Services, a part of Wells Fargo Insurance Services, has acquired the assets of Santa Rosa, Calif.-based Martin Financial/Insurance Services. The acquisition adds to Wells Fargo’s Northern...
Atlanta’s Digital Insurance Completes 16 Acquisitions in 2008
Aug 13 2008 // Atlanta-based employee benefits agency, Digital Insurance Inc., acquired 16 agencies or blocks of their accounts during the first half of 2008. Digital provides business segmentation and succession solutions for small...
Whittington Completes Sale of Americas Insurance to ISG Acquisition
Aug 11 2008 // The Singapore-based Whittington Group announced that it has completed the sale of Americas Insurance Company, its non-core US insurer in run-off, to ISG Acquisition II LLC, the specialist acquisition arm of Independent...
Eastern Insurance Acquires Kittredge Insurance Agency
Aug 11 2008 // Natick, Massachusetts-based Eastern Insurance Group has acquired Northborough, Mass.-based Kittredge Insurance Agency Inc. Eastern Insurance, part of Eastern Bank, said the acquisition increases its customer base west of...
The Hanover to Acquire AIX Holdings
Aug 6 2008 // The Hanover Insurance Group will acquire Windsor, Connecticut-based specialty insurer AIX Holdings Inc., in a move designed to bolster The Hanover’s product and service capabilities for its agents, the company...
