Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Insurance Brokerage Barney & Barney Completes Merger with Saylor & Hill
May 7 2008 // Barney & Barney LLC, a San Diego-based insurance brokerage, has closed its merger with Saylor & Hill Co., an Oakland, Calif.-based brokerage. The combined companies will work together to provide insurance, risk...
CNinsure Expands in China’s Guangxi Province with New Acquisition
May 6 2008 // China’s CNinsure Inc. continued its acquisition spree with the announcement that it has signed a definitive agreement to acquire a 60 percent equity interest in Guangxi Xingfu Insurance Agency Co., Ltd., an insurance...
Penn National Sells ESL Inc. Subsidiary to Atlantic Specialty Lines
May 5 2008 // Harrisburg, Pennsylvania-based Penn National Insurance said it has completed the sale of its wholesale insurance brokerage subsidiary, ESL Inc., to Atlantic Specialty Lines of Pennsylvania for an undisclosed...
AmWINS Acquires Beacon Risk Strategies
May 5 2008 // Charlotte, N.C.-based AmWINS Group Inc. acquired Beacon Risk Strategies, a Seattle-based managing general underwriter of excess-loss benefits insurance. Terms of the transaction were not disclosed. Founded in 1999, Beacon...
Brown & Brown Acquires Nathan Stone Insurance Agency
May 5 2008 // A subsidiary of Brown & Brown Inc. has acquired the assets of Nathan Stone Insurance Agency Inc. of Encino, Calif. Nathan Stone Insurance Agency Inc. d/b/a Stone, Harris & Stone, with annualized revenues of...
Carrier Stock Prices on the Rocks Thus Far in 2008 But M&As Robust
May 5 2008 // Stock Prices Consistent with the market as a whole, the carrier sector has had a rocky start to the new year, trading down 10 percent. M&A Activity M&A activity in the property/casualty sector remained robust as...
Analysts See Increase in P/C Mergers Ahead; Rate Climate Top Challenge
May 5 2008 // Insurance equity analysts expect a significant increase in property/casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts...
Liberty Mutual to Acquire Safeco Insurance in $6.2 Billion Deal
May 5 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
ING to Buy CitiStreet for $890 Million
May 2 2008 // Dutch financial services group ING Groep NV announced it would buy CitiStreet, a retirement plan administrator, grabbing third place in the defined contribution business in the United States. ING said in a statement it...
Arthur J. Gallagher Acquires N.J. Employee Benefit Broker RSI
May 2 2008 // Insurance broker Arthur J. Gallagher & Co. reports it has acquired RSI of Mount Laurel, New Jersey. Terms of the transaction were not disclosed. Founded in 1980, RSI offers employee benefit consulting and brokerage...
ISG’s Pacific Wholesale to Acquire E.L.M. Insurance Brokers
May 2 2008 // Insurance Specialty Group LLC, parent of Atlanta, Ga.-based Pacific Wholesale Insurance Brokers (Pacific Wholesale) entered into definitive agreements to acquire and merge with El Segundo, Calif.-based E.L.M. Insurance...
Wells Fargo Acquires Insurance Premium Finance Firm Flatiron
May 1 2008 // Wells Fargo Bank reports it has acquired the business of Colorado-based Flatiron Credit Co., Inc. and its operating subsidiaries. Flatiron was a subsidiary of TD Banknorth, N.A. and is one of the nation’s largest...
PartnerRe Q1 Net Drops 24%
Apr 29 2008 // Bermuda-based PartnerRe Ltd. reported net income of $129.0 million, or $2.16 per share, for the first quarter of 2008, compared to $169.3 million for Q1 2007, a 24 percent decrease. The income figure includes net realized...
BB&T Insurance Services To Acquire Union Bank of California Brokerage
Apr 24 2008 // Raleigh, N.C.-based BB&T Insurance Services has reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary, UnionBanc Insurance Services Inc. The acquisition...
Zurich Acquires 50% of Spain’s Caixa Sabadell Life & P/C Insurance Units
Apr 24 2008 // Zurich Financial Services Group announced that it has signed agreements to acquire a 50 percent stake in Spain’s Caixa d’Estalvis de Sabadell’s life and general insurance companies, CaixaSabadell Vida,...
Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal
Apr 23 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
NSM Insurance Group Acquires Insurex Workers’ Comp Brokerage
Apr 23 2008 // NSM Insurance Group has acquired Insurex, a California-based workers’ compensation brokerage. The acquisition “immediately expands our ability to provide new national workers’ compensation markets to our...
Zurich Expands with London M&A Unit
Apr 23 2008 // The Zurich Financial Services Group announced that its Global Corporate Mergers & Acquisitions (M&A) unit has expanded its operation through the opening of an office in London. The operation continues the...
Arkansas Gov. Says State is Losing $4.3M in Workforce Funding
Apr 22 2008 // Arkansas is losing $4.3 million in federal money already allocated for workforce training programs, Gov. Mike Beebe said. Beebe provided details of the cut in his pre-recorded radio address, released April 18. The move by...
Public Brokers’ Stocks Trading Down While M&As Fall in February, March
Apr 21 2008 // Stock Prices: Brokerage stocks have started 2008 in a downward spiral. Year-to-date the sector is trading down 13 percent. M&A Activity: With 29 acquisitions announced in February and March, the year-to-date total is...
