Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Acquisitions, Lower Premiums Affect Hilb Rogal & Hobbs Q2
Jul 31 2008 // Richmond, Virginia-based insurance broker Hilb Rogal & Hobbs, which is in the process of being acquired by bigger insurance broker Willis, reported revenues were up 5.3 percent while net income plummeted for the...
Safeco Shareholders Approve Liberty Mutual Merger
Jul 30 2008 // The shareholders of Safeco Corporation (NYSE:SAF) today voted overwhelmingly to approve the merger agreement entered into on April 23, 2008 with Liberty Mutual Group. Of those Safeco shareholders who voted, 99.5 percent...
PartnerRe to Release Q2 Results Today; Conference Call Details
Jul 28 2008 // Bermuda-based PartnerRe Ltd. will release its 2008 second quarter and half year results after the market close today, Monday, July 28. PartnerRe senior management will conduct a dial-in conference call, which will include...
Max Capital to Acquire Imagine’s Lloyd’s Vehicle
Jul 25 2008 // Max Capital Group Ltd. reports it has agreed to acquire Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Co. Limited (“Imagine”). The agreement also includes the...
Arthur J. Gallagher Acquires Tennessee-based Gale Smith & Co.
Jul 24 2008 // Itasca, Ill.-based Arthur J. Gallagher & Co. acquired Gale Smith & Company, Inc. of Brentwood, Tennessee. Terms of the transaction were not disclosed. Established in 1868, Gale Smith & Co. is a retail...
Cypress Premium Funding Appoints Castro Director of Sales
Jul 24 2008 // Rudy Castro was appointed director of sales for Cypress Premium Funding Inc. His expanded role will lead development of new business relationships as well as oversee future marketing campaigns.
Price a Sticking Point for Bermuda Insurers Looking to Buy Entry into Lloyd’s Market
Jul 23 2008 // A handful of Bermuda insurers see an opportunity to expand their horizons by entering the Lloyd’s of London insurance market, but their interest of late has waned as prices of potential target companies have...
Tokio Marine to Acquire Philadelphia Insurance for $4.7 Billion
Jul 23 2008 // Japan’s Tokio Marine Holdings, Inc. reported that it has agreed to acquire all outstanding shares of Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and...
Florida-based North American Risk Services Buys Unisource Tallahassee
Jul 22 2008 // Headquartered in Maitland, Florida, North American Risk Services purchased the Tallahassee divisional assets of Unisource Administrators from Claimetrics Inc. NARS is a national provider of property and casualty...
Mutual Assurance Acquires Tennessee-based Pittman & Associates
Jul 22 2008 // Mutual Assurance Administrators Inc. (MAA) of Oklahoma City has acquired Pittman & Associates Inc. (P&A) of Tennessee. Mutual Assurance Administrators Inc. is a third-party administrator specializing in...
Apex Global Partners Names Packer CFO and Brock COO
Jul 17 2008 // Ian Packer has been named partner and chief financial officer, and Scott Brock was named partner and chief operating officer of national insurance broker and employee benefits/human resources consultant Apex Global...
Gibraltar Group Partners With Kroll for Background Screening Services
Jul 17 2008 // Lubbock, Texas-based The Gibraltar Group is partnering with risk consulting firm Kroll, to provide comprehensive background screening services to The Gibraltar Group’s customers. The Gibraltar Group’s customers...
Zurich Eyes Latin America; Buys Majority Stakes in Brazilian Insurers
Jul 17 2008 // Zurich Financial Services Group reported that its Brazilian subsidiary Zurich Participações e Representações Ltda., has agreed to acquire 87.35 percent of shares in Companhia de Seguros Minas Brasil, a BOVESPA-listed...
PointSure Acquires Black/White & Associates
Jul 17 2008 // Seattle-based SeaBright Insurance Holdings Inc. announced that its subsidiary, PointSure Insurance Services Inc., has acquired Black/White & Associates of Nevada, Black/White & Associates Inc. and...
Liberty Mutual Says Safeco Merger on Schedule
Jul 15 2008 // Liberty Mutual Group today reaffirmed its commitment to close its previously announced acquisition of Safeco Corp. by the end of the third quarter of 2008, subject to receipt of Safeco shareholder approval and applicable...
Shareholders Approve Merger of Meadowbrook Group, ProCentury Corp.
Jul 15 2008 // Meadowbrook Insurance Group, Inc., a specialty property and casualty insurance holding company based in Southfield, Mich., and ProCentury Corporation, a Columbus, Ohio-based specialty property and casualty insurance...
Parties Clash Over Proposed Merger of Pennsylvania Health Insurers
Jul 14 2008 // State lawmakers, doctors and health care industry executives clashed last week over whether the proposed merger of Pennsylvania’s two largest health insurers will benefit or hurt consumers. They were among roughly...
Willis Strengthens Presence in Hungary by Acquiring Joint Venture
Jul 14 2008 // Global insurance broker Willis Group Holdings said it has acquired 100 percent of Willis Kft, its joint-venture operation in Hungary, by purchasing the 20 percent stake of its local broker partner, Erix. The deal was...
Frost Insurance Buys North Texas Agency
Jul 14 2008 // Frost Insurance, a subsidiary of Frost, has acquired Seeberger Insurance Associates, an independent insurance agency based in Plano, Texas, that specializes in group employee benefits plans. Frost Insurance reported the...
Zurich Acquiring 50% Stake in Spain’s Banco Sabadell’s Insurance
Jul 11 2008 // Zurich Financial Services Group has agreed to acquire a 50 percent stake in the life insurance, pension and general insurance operations of Banco Sabadell S.A., while establishing a long-term strategic distribution...
