Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Van Gilder Sells Colorado Springs Office To CB Insurance
Jun 9 2008 // Michael Van Gilder, CEO of Van Gilder Insurance Corp., and Steve Schneider, president of CB Insurance LLC, an affiliate of Central Bancorp, announced their firms have signed a letter of intent for the sale and purchase of...
Spain’s MAPFRE Completes Acquisition of U.S. Insurer Commerce
Jun 5 2008 // In a joint announcement Spain’s largest insurer, MAPFRE S.A. and The Massachusetts-based Commerce Group, Inc. announced that MAPFRE has completed its acquisition of Commerce. The parties reached agreement on a deal...
Arbella Insurance Partners with Mass. in Designated Driver Program
Jun 5 2008 // Massachusetts businesses, pubs and state officials, including Lt. Governor Timothy Murray, are launching a new campaign to discourage drink driving and encourage the use of designated drivers. The Arbella Insurance Group...
Insurance Agency Joins Mo. Auto Dealer in 1st Time Partnership
Jun 5 2008 // When buying a new or used car, cost is always an issue and car insurance shopping is always a stressful task. Just as banks now have agencies connected to mortgage lending, a new day has dawned when shoppers for...
Max Specialty Acquires Guaranty Casualty to Write Admitted Business
Jun 5 2008 // Max Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of Max Capital Group Ltd., reports it has acquired Commercial Guaranty Casualty Insurance Co., an insurance entity licensed to...
Hub International Acquires Nett & Champion Insurance
Jun 4 2008 // Hub International Ltd. announced that Hub International of California Insurance Services Inc. (HUB California) acquired the assets of Nett & Champion Insurance Services, a Santa Barbara, Calif.-based agency...
Zurich Closes DWS Vita Acquisition
Jun 4 2008 // Zurich Financial Services Group announced the completion of the acquisition of 100 percent of Life insurer DWS Vita SpA from an Italian subsidiary of Deutsche Bank. The transaction was first announced on December 17,...
Spain’s Mapfre Completes Acquisition of Commerce Group
Jun 4 2008 // Spain’s largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country. Mapfre paid $36.70 in cash per share of Commerce’s publicly...
Liberty Mutual to Partner with Dabur to Form Indian Insurance Company
Jun 3 2008 // The Liberty Mutual Group announced that it and its partner Dabur GI Invest Corp plan to form a non-life insurance company in India to provide personal and commercial insurance products through a range of distribution...
Brown & Brown Acquires Debock & Muth Insurance Agency
Jun 3 2008 // Brown & Brown Inc. acquired the assets of Debock & Muth Insurance Agency Inc., of Stockton, Calif. Debock & Muth Insurance Agency Inc., with annualized revenues of approximately $1.7 million, focuses on...
Asian Insurers Expected to Seize on Credit Crunch as Opening to Buy in U.S. and Europe
Jun 3 2008 // Asian insurers, particularly China’s major players, are likely seize the credit crunch as an opportunity to snap up assets in Europe and the United States, senior insurance figures said on Tuesday. “Asian...
New Executives Named at Bridge Insurance Partners
Jun 2 2008 // Dallas-based Bridge Insurance Partners, a national commercial property and casualty agency, announced three executive leadership positions. Jeff Turner was named managing principal, and Tommy Saxon and Ryan Perry have been...
PartnerRe Makes Executive Changes in Global (Non-U.S.) Operations
Jun 2 2008 // Bermuda-based PartnerRe has announced the following executive changes in its Global (Non-U.S.) Operations: — Emmanuel Clarke has been named as Head of Specialty Lines, Global, effective Sept. 1, 2008. — He...
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,...
