Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Price a Sticking Point for Bermuda Insurers Looking to Buy Entry into Lloyd’s Market
Jul 23 2008 // A handful of Bermuda insurers see an opportunity to expand their horizons by entering the Lloyd’s of London insurance market, but their interest of late has waned as prices of potential target companies have...
Tokio Marine to Acquire Philadelphia Insurance for $4.7 Billion
Jul 23 2008 // Japan’s Tokio Marine Holdings, Inc. reported that it has agreed to acquire all outstanding shares of Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and...
Florida-based North American Risk Services Buys Unisource Tallahassee
Jul 22 2008 // Headquartered in Maitland, Florida, North American Risk Services purchased the Tallahassee divisional assets of Unisource Administrators from Claimetrics Inc. NARS is a national provider of property and casualty...
Mutual Assurance Acquires Tennessee-based Pittman & Associates
Jul 22 2008 // Mutual Assurance Administrators Inc. (MAA) of Oklahoma City has acquired Pittman & Associates Inc. (P&A) of Tennessee. Mutual Assurance Administrators Inc. is a third-party administrator specializing in...
Apex Global Partners Names Packer CFO and Brock COO
Jul 17 2008 // Ian Packer has been named partner and chief financial officer, and Scott Brock was named partner and chief operating officer of national insurance broker and employee benefits/human resources consultant Apex Global...
Gibraltar Group Partners With Kroll for Background Screening Services
Jul 17 2008 // Lubbock, Texas-based The Gibraltar Group is partnering with risk consulting firm Kroll, to provide comprehensive background screening services to The Gibraltar Group’s customers. The Gibraltar Group’s customers...
Zurich Eyes Latin America; Buys Majority Stakes in Brazilian Insurers
Jul 17 2008 // Zurich Financial Services Group reported that its Brazilian subsidiary Zurich Participações e Representações Ltda., has agreed to acquire 87.35 percent of shares in Companhia de Seguros Minas Brasil, a BOVESPA-listed...
PointSure Acquires Black/White & Associates
Jul 17 2008 // Seattle-based SeaBright Insurance Holdings Inc. announced that its subsidiary, PointSure Insurance Services Inc., has acquired Black/White & Associates of Nevada, Black/White & Associates Inc. and...
Liberty Mutual Says Safeco Merger on Schedule
Jul 15 2008 // Liberty Mutual Group today reaffirmed its commitment to close its previously announced acquisition of Safeco Corp. by the end of the third quarter of 2008, subject to receipt of Safeco shareholder approval and applicable...
Shareholders Approve Merger of Meadowbrook Group, ProCentury Corp.
Jul 15 2008 // Meadowbrook Insurance Group, Inc., a specialty property and casualty insurance holding company based in Southfield, Mich., and ProCentury Corporation, a Columbus, Ohio-based specialty property and casualty insurance...
Parties Clash Over Proposed Merger of Pennsylvania Health Insurers
Jul 14 2008 // State lawmakers, doctors and health care industry executives clashed last week over whether the proposed merger of Pennsylvania’s two largest health insurers will benefit or hurt consumers. They were among roughly...
Willis Strengthens Presence in Hungary by Acquiring Joint Venture
Jul 14 2008 // Global insurance broker Willis Group Holdings said it has acquired 100 percent of Willis Kft, its joint-venture operation in Hungary, by purchasing the 20 percent stake of its local broker partner, Erix. The deal was...
Frost Insurance Buys North Texas Agency
Jul 14 2008 // Frost Insurance, a subsidiary of Frost, has acquired Seeberger Insurance Associates, an independent insurance agency based in Plano, Texas, that specializes in group employee benefits plans. Frost Insurance reported the...
Zurich Acquiring 50% Stake in Spain’s Banco Sabadell’s Insurance
Jul 11 2008 // Zurich Financial Services Group has agreed to acquire a 50 percent stake in the life insurance, pension and general insurance operations of Banco Sabadell S.A., while establishing a long-term strategic distribution...
India’s WNS Buys Insurer Aviva’s Business Process Offshoring Business
Jul 10 2008 // Back-office firm WNS (Holdings) Ltd said it acquired insurer Aviva’s business process offshoring (BPO) business for about $228 million, a deal that will give the company $1 billion worth of outsourced work over a...
InsuranceLeadz.com and Middle Cross Software Partner to Launch New Service Called Typhoon
Jul 9 2008 // InsuranceLeadz.com would like to announce its partnership of Middle Cross Software to launch their new Quote Burst Typhoon service line for Allstate insurance agents. This new service will allow Allstate insurance agents...
Actuaries Urged to Play Broader Role in Mergers, Acquisitions
Jul 9 2008 // Actuaries play a pivotal role in property/casualty insurance mergers and acquisitions, but they can make even larger contributions by taking a broader business approach, according panelists as the recent Casualty Actuarial...
Alpha Risk Insurance Services Acquires Pacific Way Insurance Services
Jul 8 2008 // Ontario, Ca. Alpha Risk Insurance Services acquired Pacific Way Insurance Services in Ontario, California on June 20th, terms of the transaction were not disclosed. Pacific Way www.pacificway.net was founded in 2004 by...
Alpha Risk Insurance Services Acquires Pacific Way Insurance Services
Jul 8 2008 // Ontario, Calif.-based Alpha Risk Insurance Services acquired Pacific Way Insurance Services, also of Ontario. Terms of the transaction were not disclosed. Pacific Way was founded in 2004 by Karen Cancilla as a small...
Hub Northeast Acquires United Benefit Consulting of N.Y.
Jul 8 2008 // Hub International Limited reported that Hub International Northeast has acquired the assets of United Benefit Consulting, Inc. (UBC), a Long Island, N/Y.–based firm specializing in employee benefit consulting...
