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