Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
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...
