Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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 –...
ACE China Partner to Offer Pollution Coverage
Mar 31 2008 // The ACE Group of Companies announced that Huatai Insurance Company of China Limited, an ACE Group strategic partner, has received approval from the China Insurance Regulatory Commission (CIRC) to become one of the first...
Western Agents Association Partners With MexiPass Insurance
Mar 26 2008 // The Western Insurance Agents Association has engaged in a partnership with MexiPass Global Assurance, a Mexican insurance providers. MexiPass programs are underwritten by AIG-Mexico to introduce a new opportunity...
Castle Inspection Service Announces Partnership with Myriad Development, Inc.
Mar 24 2008 // Partnership Means Increased Inspection Management Options Salt Lake City, Utah (March 24, 2008) – Castle Inspection Service, a Division of Overland Solutions, Inc. (Castle) and Myriad Development, Inc. are pleased to...
Arthur J. Gallagher Acquires Healthcare Risk Solutions of Pa.
Mar 21 2008 // Illinois-based Arthur J. Gallagher & Co. reports it has acquired Healthcare Risk Solutions, LLC headquartered in Fort Washington, Pennsylvania. Terms of the transaction were not disclosed. Founded in 2002, Healthcare...
Ping An Buys Half of Fortis Asset Arm
Mar 20 2008 // China’s Ping An Insurance Co Ltd. deepened its ties with Belgian-Dutch financial group Fortis on Wednesday by buying half its asset management business for €2.15 billion ($3.4 billion). Ping An, China’s...
New York Regulators Urge Homeowners to Buy Flood Insurance
Mar 19 2008 // The Insurance Department of New York is telling property owners they “should act now” to buy flood insurance, as saturated ground conditions could worsen with heavy spring rains and increase the potential for...
Abacus, ACE USA Partner for Online Foreign Event Program
Mar 18 2008 // Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through abacus.net, has named ACE USA as its package carrier for the Abacus Foreign Event Program....
