Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Europe’s Insurers Lead M&A Activity Says Conning Report
May 29 2008 // “Global insurance industry acquisitions in 2007 were driven by non-U.S. insurers, primarily Western European firms-who clearly see value in this market,” stated Sherry Manetta, director at Conning Research...
ChinaGrowth to Acquire UIB Group
May 28 2008 // ChinaGrowth North Acquisition Corporation (CGNAC) announced that it has entered into a Share Purchase Agreement to acquire the Chinese insurance broker UIB Group Limited. Following completion of the transaction, UIB will...
Zurich Favored to Buy RBS Insurance
May 27 2008 // Rivals are circling Royal Bank of Scotland’s insurance arm as a bid deadline approaches, but aside from Zurich Financial Services, few may have the desire and firepower to buy Britain’s largest motor...
PartnerRe to Issue $250 Million Senior Notes; Ratings in the ‘A’ Range
May 23 2008 // Bermuda-based PartnerRe Ltd. has announced that it intends to issue, through its indirectly wholly-owned subsidiary PartnerRe Finance A LLC, $250 million of 10-year fixed rate 6.875 percent Senior Notes, pursuant to its...
Lockton Denver Office Acquires Schwander Insurance Services
May 23 2008 // The Denver office of Lockton Companies LLC, aprivately held insurance broker, acquired Schwander Insurance Services of Centennial, Colo. Schwander CEO and President Michael Schwander will become executive vice president at...
RMS Becomes Partner in Climate Change Initiative
May 22 2008 // Newark, Calif.-based Risk Management Solutions (RMS) has become a partner in the Resilient Coasts Initiative, a collaboration led by Ceres and the Heinz Center. RMS will contribute technical expertise on climate-driven...
Mass. Approves Mapfre Acquisition of Commerce Insurance
May 22 2008 // Massachusetts Commissioner of Insurance Nonnie S. Burnes has approved the acquisition of Commerce Insurance Co., principal subsidiary of The Commerce Group of Webster, Mass., by the Spanish insurance company Mapfre,...
Washington Commissioner Seeking Contractors to Review Safeco Acquisition
May 20 2008 // Washington’s Insurance Commissioner’s Office is currently seeking proposals from consultants in the areas of accounting and legal services to review the proposed sale of Safeco Insurance Companies to Liberty...
Solera National Bank, Allstate Enter Partnership
May 20 2008 // Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp Inc. has announced a a strategic partnership with James Muniz, Exclusive Agent for Allstate Insurance Co., whereby Allstate will establish a...
PartnerRe Makes Executive Changes in Global Operations
May 16 2008 // Bermuda-based PartnerRe Ltd. has announced two executive changes in its PartnerRe Global (non-U.S.) operations – comprised of the Global P&C, Global Specialty and Global Catastrophe units and a Life Reinsurance...
Argo Group Completes Acquisition of Heritage Underwriting Agency
May 16 2008 // The Bermuda-based Argo Group International Holdings, Ltd. announced that all conditions of its acquisition of Heritage Underwriting Agency plc. have been satisfied or waived and, as a result, its offer is wholly...
Atlantic Specialty Completes Acquisition of Pa. Wholesale Broker ESL
May 16 2008 // Atlantic Specialty Lines of Pennsylvania, LLC, a subsidiary of Atlantic Specialty Lines, Inc. has acquired the business assets of ESL, Inc., effective May 1, 2008. ESL, which was a wholly-owned subsidiary of Penn National...
Main Street America Group Acquiring Michigan’s Great Lakes Casualty
May 14 2008 // The Main Street America Group, a regional property/casualty insurer based in Jacksonville, Fla. that writes business up and down the East Coast, is expanding to the Midwest. The insurer said it has agreed to acquire Great...
Oracle Buy of AdminServer Seen Triggering Insurance Tech Mergers
May 14 2008 // Software maker Oracle said it has agreed to acquire AdminServer, a Chester, Pa.-based provider of insurance policy administration software. The move has some analysts predicting a wave of mergers among technology firms...
Arthur J. Gallagher Acquires Specialty Risk of Missouri
May 13 2008 // Itasca, Ill.-based Arthur J. Gallagher & Co. recently announced the acquisition of Specialty Risk, Inc. of Liberty, Mo. Terms of the transaction were not disclosed. Established in 1994, Specialty Risk, Inc. is a...
Advance Insurance Services Acquires J.D. Ellington Insurance Services.
May 13 2008 // Las Vegas NV.– Advance Insurance Services acquired the assets of J.D Ellington Insurance Services, Inc. the transaction was completed April 30th. Terms of the transaction were not disclosed. Advance Insurance...
Aon Re Global Acquires Peruvian Reinsurance Intermediary Cosegur Re
May 12 2008 // Aon Re Global, a unit of Aon Corporation, announced it has acquired Peruvian reinsurance intermediary Cosegur Re, “offering clients in Peru greater access to worldwide reinsurance markets” and Aon Re...
Woodruff-Sawyer and Redevelopment Risk Services Form Partnership
May 8 2008 // Woodruff-Sawyer & Co. and Redevelopment Risk Services have formed an alliance for companies trying to manage the risk of environmentally distressed and urban infill properties. The range of services will assist in...
Siesko Partners Joins with NIP to Offer Independent Director Products
May 8 2008 // Texas-based National Insurance Partners Inc., a risk management, corporate governance and financial solutions firm, and Siesko Partners LLC, a corporate insurance and risk services firm headquartered in New York, announced...
Safeco and Costco Partner to Offer Business Insurance in Test States
May 7 2008 // Costco and Safeco are offering business insurance to businesses that are Costco members, effective May 2008. According to information on Costco’s Web site, Costco business members may secure up to a 10 percent...
