Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
BancorpSouth Insurance to Buy JMG/IC Insurance of Texas
Feb 4 2008 // BancorpSouth Insurance Services, Inc., a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss., has agreed to acquire the Nacogdoches, Texas — based JMG/IC Insurance Agency, Inc. The effective date of the...
Hub International Acquires Scheer’s, Inc.
Feb 4 2008 // Hub International Limited announced today that it has acquired Scheer’s, Inc. one of the largest privately-owned retail insurance brokerages in the United States specializing in surety bonds. Scheer’s,...
Meadowbrook Acquires Remaining Earnings from U.S. Speciality Underwriters
Feb 4 2008 // Southfield, Mich-based Meadowbrook Insurance Group, Inc. announced today its termination of the Management Agreement associated with its acquisition of the business of U.S. Specialty Underwriters, Inc. (USS). As previously...
Baloise and Gothaer in Merger Talks on German Insurance Operations
Feb 1 2008 // The Baloise Group and Gothaer Versicherungsbank VVaG are negotiating about a strategic partnership and a merger of their German insurance activities. A letter of intent has been signed, the companeis said. Both companies...
China’s CNinsure Buys Majority Interests in 2 P/C Insurance Agencies
Feb 1 2008 // CNinsure Inc., a leading independent insurance agency and brokerage company operating in China, is acquiring majority interests in Changsha Lianyi Insurance Agency Co., Ltd. (Lianyi) and Jiangmen Fanhua Zhicheng Insurance...
Arthur J. Gallagher Acquires Oakland’s CEM Insurance Services
Jan 31 2008 // Arthur J. Gallagher & Co. today announced the acquisition of Crist Elliott Machette Insurance Services, Inc. of Oakland, Calif. Terms of the transaction were not disclosed. Incorporated in 1993, Crist Elliott Machette...
Ascension to Acquire Calif.-based Pan American Underwriters
Jan 28 2008 // Ascension Insurance Inc. signed an agreement to acquire the assets of the California -based insurance agency, Pan American Underwriters Inc. Pan American is a wholly owned subsidiary of PAULA Financial (Pink Sheets:PFCO)....
Commercial Insurers’ Stocks Flat in 2007; M&As Heat Up
Jan 27 2008 // Stock Prices: Commercial lines insurers’ stocks have been relatively flat in 2007. Chubb Corp. (NYSE:CB) posted the largest gain at 5 percent. M&A Activity: The fourth quarter started with a bang as two large...
NSM Insurance Acquires N.Y.-Based Clean Street Program Manager
Jan 25 2008 // NSM Insurance Group in Conshohocken, Pa. has acquired the Pavement Maintenance Insurance Agency (PMI), program administrator for the Clean Streets Program. Scott Cerosky, president of PMI, has assumed the role of director...
Brown & Brown Acquire Diversified Insurance Brokerage of Ind.
Jan 25 2008 // J. Scott Penny, regional executive vice president of Brown & Brown, Inc. and Kevin Mandrell and William Lantrip, principals of Diversified Insurance Brokerage Group, Inc. of Indianapolis, Ind. recently announced the...
Brown & Brown Buys N.J.’s LDP Consulting
Jan 25 2008 // Florida-based insurance agency Brown & Brown has acquired LDP Consulting group, Inc., of New Jersey. LDP Consulting Group, with annualized revenues of approximately $12.8 million, specializes in selling employee...
PartnerRe January P/C Renewals around $2 Billion
Jan 25 2008 // Bermuda-based PartnerRe Ltd. announced that during the January 1 renewal season it expects to write and bind approximately $2.0 billion of Non-Life premium. The figure ” does not include PartnerRe’s Non-Life...
Calif.-based MOC Insurance, Farallon Assoc. Announce Merger
Jan 25 2008 // Van Maroevich, president and CEO of MOC Insurance Services/Maroevich, O’Shea & Coghlan, and Peter Brown and Harry Humphrey of Farallon Associates Insurance Brokers, both based in San Francisco, announced the...
Atlanta’s Beecher Carlson Partners with Old Lane
Jan 24 2008 // Beecher Carlson is partnering with Old Lane, a Citigroup company, to further accelerate its expansion. Led by Tom Golub, chairman and chief executive officer and Steve Denton, president and chief operating officer, Beecher...
Berkshire Hathaway Buys 3% Stake in Swiss Re; Reinsurance Pact Signed
Jan 23 2008 // Swiss Re announced today that Berkshire Hathaway has acquired a three percent stake in the company. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss...
Major China Insurer Ping Selling Shares to Finance Acquisitions
Jan 23 2008 // A major Chinese insurer has announced plans to raise up to $22 billion (euro15.0 billion) for acquisitions at a time when U.S. and European banks, battered by mortgage losses, want infusions of Asian capital to replenish...
Brown & Brown Buys Michigan’s Smith-Peaboy-Stiles Insurance
Jan 23 2008 // J. Scott Penny, regional executive vice president of Brown & Brown, Inc., and James “Jim” Peabody, president of Smith-Peabody-Stiles Insurance Agency, Inc., with offices in Fenton and Brighton, Mich.,...
National Insurance Partners Opens San Antonio Office
Jan 23 2008 // National Insurance Partners (NIP) reported it has opened an office in San Antonio as part of the firm’s effort to expand product offerings and its presence in the Texas marketplace. Melinda Garren was brought on as...
N.M. Domestic Partnership Bill Goes to House
Jan 23 2008 // A proposal to allow for domestic partnerships is advancing to the New Mexico House for consideration. Gov. Bill Richardson supports the measure to give unmarried couples — homosexual or heterosexual — the same...
PartnerRe Announces $74 Million Write-Down of Channel Re Investment
Jan 18 2008 // PartnerRe Ltd. joined its Bermuda neighbor RenaissanceRe in announcing that it “expects to record a non-operating charge of $74 million to write-down its total investment in Channel Re.” PartnerRe has a 20...
