Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Opens Brazil Rep Office; Applies for Reinsurance License
Apr 17 2008 // Bermuda-based PartnerRe Ltd. has established a representative office in Sao Paulo, and has applied for a license to become an admitted reinsurer in Brazil. “The move follows the opening of the Brazilian reinsurance...
S&P: QBE, IAG Ratings Unchanged After Rejected Merger Proposal
Apr 16 2008 // Standard & Poor’s Ratings Services said that its ‘A+’ ratings on the core operating entities of QBE Insurance Group Ltd. (currently ‘A-‘ with a stable outlook) are unchanged after...
Update: Alabama-based Alfa Corp. Completes Merger
Apr 16 2008 // Montgomery, Ala.-based Alfa Corp. is now a wholly owned subsidiary of the Mutual Group, comprised of Alfa Mutual Insurance Co. and Alfa Mutual Fire Insurance Co., according to a company announcement released Tuesday. Alfa...
RenRe to Buy Agro National’s Assets; No Rating Effect Says S&P
Apr 14 2008 // Bermuda-based property reinsurer RenaissanceRe Holdings Ltd. has agreed to acquire the assets of Agro National, a managing general underwriter of crop insurance. The terms of the transaction were not disclosed. The...
Analysts See Increase in P/C Mergers Ahead; Rate Climate Change Top Issue
Apr 14 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...
Willis Launches M&A Practice Covering Central and Eastern Europe
Apr 11 2008 // Willis Group Holdings, in what it described as part of its “increased focus on delivering in-depth capabilities to high growth markets,” has expanded its International Mergers and Acquisition Practice into...
South Carolina-based First Financial Unit Buys Somers-Pardue
Apr 11 2008 // Banker and insurance broker First Financial Holdings Inc. of Charleston, S.C., said Thursday its subsidiary First Southeast Insurance Services Inc. bought The Somers-Pardue Agency Inc. for $18.8 million Under the...
Merger of Energy Risk Associates and PWIB Texas Creates Towerstone
Apr 9 2008 // IMA Financial Group Inc. announced the recent formation of Towerstone Inc., a wholesale insurance broker and managing general agency with extensive experience in a broad spectrum of industries, with expertise in energy and...
Hull & Co. Acquires Big Sky Underwriters
Apr 8 2008 // Hull & Co. Inc. has acquired substantially all of the assets of Missoula, Mont.-based Big Sky Underwriters Inc. “The people of Big Sky are well respected in the Northwest marketplace,” said Bob McGrew,...
WNS Acquires U.K.’s Auto Insurance Claims Processor Call 24/7
Apr 7 2008 // WNS (Holdings) Limited, a business process outsourcing company, reported that it has acquired Call 24/7 Ltd., an auto insurance claims processing services provider in the United Kingdom. WNS has acquired all shares of...
Venbrook Group Acquires Doell & Associates Insurance Agency
Apr 4 2008 // Woodland Hills, Calif.-based Venbrook Insurance Services LLC, a wholly owned subsidiary of Venbrook Group, has acquired Doell & Associates, a full service insurance agency based in El Segundo, Calif. “The...
Markel Acquires Nebraska’s Specialized Insurance, Inc.
Apr 4 2008 // Markel Insurance Company today announced that it has acquired Specialized Insurance, Inc., of Blair, Neb. Specialized Insurance provides admitted garage program coverage primarily in the western United States, with...
Mitchell to Acquire Fair Isaac’s Workers’ Comp Medical Cost Business
Apr 3 2008 // Claims management and information firm Mitchell International, Inc. reports it has agreed to acquire the workers compensation medical cost containment and bill review business of Fair Isaac Corp. Mitchell currently...
Congress Seeks Review of SEC’s Enforcement Division Staffing, Funding
Apr 2 2008 // Congressional investigators have been asked to review whether the U.S. Securities and Exchange Commission has enough enforcement staff and funding to properly police the markets amid the current credit crisis, Senator Jack...
Royal & Sun Acquires Ireland’s Sertus
Apr 2 2008 // The UK-based Royal & SunAlliance Insurance Group has acquired Sertus Underwriting Limited in Ireland. It has already obtained local regulatory approval for the deal. “Sertus Underwriting Limited is a...
Unitrin Completes Acquisition of Fire and Life Insurer Primesco
Apr 2 2008 // Unitrin, Inc. reported that it has completed its previously announced acquisition of Primesco, Inc. of Decatur, Alabama, in a cash merger transaction valued at $95.6 million. Primesco’s wholly-owned subsidiaries,...
Atlantic American Sells its Regional Property and Casualty Operations
Apr 1 2008 // Atlanta-based Atlantic American Corp. sold its regional property and casualty operations to Columbia Mutual Insurance Co. of Columbia, Mo. Included in the sale are Association Casualty Insurance Co,, Association Risk...
American E&S Acquires Network E&S’ Brokerage Business
Apr 1 2008 // American E&S Insurance Brokers of San Francisco has acquired Network E&S’ brokerage book of business. Network E&S, a California-based wholesale broker, has agreed to sell the renewal rights of its...
Key New Jersey Flood Prevention Measures Not Getting Funding
Apr 1 2008 // Several measures to stop flooding in the flood-prone areas of New Jersey’s Passaic and Bergen counties are stalled over funding problems. The Record of Bergen County reported for Sunday’s newspapers that many...
Zurich Closes Turkish Deal; To Acquire 50% Stake in Spain’s Can Soluciones
Apr 1 2008 // Zurich Financial Services Group said it has completed the acquisition of 100 percent of Turkish general insurer TEB Sigorta A.S. from TEB Mali Yatirimlar A.S. (See IJ web site –...
