Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
PartnerOne Offers 4 New Environmental Insurance Products
Jul 8 2008 // PartnerOne Environmental — Beacon Hill Associates’ underwriting division — has partnered with ACE Westchester to offer four new environmental insurance products for agents pursuing environmental...
Willis Buys HRH for $2.1 Billion
Jul 7 2008 // Combined Firm Doubles Employee Benefits Business Willis Group Holdings Chairman and CEO Joe Plumeri holds a reputation for taking on challenges. On June 8 his company gave him one. Willis announced it has agreed to buy...
Willis Wins U.S. Approval for HRH Acquisition
Jul 3 2008 // Willis Group Holdings Ltd , the No. 3 global insurance broker, won approval to buy rival Hilb Rogal & Hobbs Co, the Federal Trade Commission said Wednesday. Willis valued the cash and stock deal at $1.7 billion when...
Woodlands Financial Group to Acquire Austin Indemnity Lloyds Policies
Jul 2 2008 // The Woodlands Financial Group (TWFG) and Austin Indemnity Lloyds Insurance Company (AILIC) announced that TWFG will acquire the renewal rights of the personal lines homeowners business of AILIC, effective Aug. 15,...
Tokio Marine Seeks U.S., Europe Acquisitions
Jul 1 2008 // Tokio Marine Holdings Inc. Japan’s largest non-life insurer, is looking at opportunities to acquire U.S. and European competitors as part of its overseas growth strategy, Chief Executive Shuzo Sumi said on...
Ironshore to Buy Lloyd’s Pembroke; Best Sees No Rating Change
Jul 1 2008 // Ironshore Inc. announced from Bermuda that it has signed a sale and purchase agreement with Chaucer Holdings PLC and the management of Pembroke for the £17 million ($34 million) cash purchase of Pembroke Managing...
Aon Launches Middle East M&A Service
Jun 30 2008 // Aon Risk Services announced the opening of a new Mergers and Acquisitions (M&A) service for private equity, sovereign funds, business-to-business, real estate and infrastructure funds based in the Middle East and...
Allied World Assurance to Acquire Darwin Professional Underwriters
Jun 30 2008 // Bermuda-based Allied World Assurance Co., Ltd. has agreed to acquire Connecticut-based Darwin Professional Underwriters, Inc. Darwin offers specialty and primary professional lines coverages, which include health care...
The Opportunity to Buy Insurance Leads
Jun 30 2008 // Who has the opportunity to buy insurance leads? Generally speaking, agents and brokers are the two sets of professionals who are most interested in this. The question is: why would anybody want to purchase insurance leads...
Palm Beach Capital Acquires Florida-based Workers’ Comp Provider
Jun 30 2008 // Palm Beach Capital of West Palm Beach, Florida, acquired SUNZ Group LLC, a workers’ compensation solutions provider. SUNZ, based in St. Petersburg, Florida and founded in 2005, provides workers’ compensation...
California Comments on The Doctors Co.’s Acquisition of SCPIE Holdings, Following Investigation
Jun 27 2008 // Following a federal criminal investigation into The Doctors Co., the California Department of Insurance has issued the following statement, explaining its consent to the acquisition of SCPIE Holdings Inc. by The Doctors...
Chance Joins Bridge Insurance Partners in Sales, Consulting Role
Jun 27 2008 // Dallas-based Bridge Insurance Partners, a national commercial property and casualty agency, has added John H. Chance in a lead sales and consulting role. Chance will focus on delivering insurance solutions to middle market...
OneBeacon to Acquire California’s Entertainment Brokers
Jun 24 2008 // OneBeacon Insurance Group has agreed to acquire Entertainment Brokers International Insurance Services, a California managing agency specializing in the entertainment, sports and leisure industries. The sale is expected to...
Specialty Underwriters Reports Acquisition Offer from Hallmark
Jun 24 2008 // Specialty Underwriters’ Alliance, Inc. reports that it has received a letter from Hallmark Financial Services, Inc. containing an unsolicited, non-binding and conditional proposal to acquire the company. The proposal...
National Atlantic Shareholders Approve Merger with Palisades in N.J.
Jun 24 2008 // National Atlantic Holdings Corp., parent of Proformance Insurance, reported that its shareholders have approved the proposed merger with Palisades Safety and Insurance Association of Berkley Heights, N.J. Freehold,...
Oracle to Buy Another Insurance Software Maker: Skywire
Jun 23 2008 // California-based software giant Oracle is further expanding its stake in the insurance industry by agreeing to acquire the insurance software and document management business of Skywire Software. Skywire Software’s...
AXA Completes RESO GARANTIA Share Acquisition
Jun 20 2008 // France’s AXA Group announced that it has completed the acquisition of 36.7 percent of the share capital of RESO GARANTIA, Russia’s second largest P&C insurer. The transaction, which was announced on...
After 20-Year Hiatus, Peerless Sells First Massachusetts Auto Policy
Jun 19 2008 // Keene, N.H.-based Peerless Insurance said it has issued its first Massachusetts personal auto insurance policy in more than 20 years. The company, part of Liberty Mutual Group, first announced in November it would re-enter...
NIA Group Acquires Florida-based Taylor Financial Insurance Agency
Jun 18 2008 // Insurance brokerage firm The NIA Group LLC acquired Taylor Financial Insurance Agency of Jacksonville, Florida, marking NIA’s third agency purchase in the Sunshine State. Taylor Financial provides employee benefits...
