Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Edgewood Partners Appoints Father and Son Vice Presidents
Dec 4 2007 // Edgewood Partners, a San Mateo, Calif-based brokerage, has appointed Russ Gunn senior vice president, and Rich Gunn assistant vice president. Both will work out of the Orange County, Calif., office. Russ has more than 30...
Frost Insurance Acquires Prime Benefits in Austin
Dec 3 2007 // Frost Insurance announced it has acquired Prime Benefits Inc., an independent Austin, Texas-based insurance agency that specializes in employee benefits, effective Dec. 1. Prime Benefits offers group employee benefits...
Watson Wyatt to Buy 20% Stake in South Africa’s Fifth Quadrant
Dec 3 2007 // Global consulting firm Watson Wyatt announced that it will form a strategic alliance with Fifth Quadrant, the independent South African actuarial and employee benefits consultancy “Both firms have signed a letter of...
Ping An Buys 4.18% Stake in Fortis
Nov 30 2007 // Fortis, the Belgian/Dutch banking and insurance group, and Ping An Insurance (Group) Company of China, Ltd. jointly announced that Ping An Life Insurance Company of China, Ltd.,a subsidiary of Ping An Group, had acquired...
Darwin Pro to Acquire Florida’s Agency Marketing Services
Nov 28 2007 // Darwin Professional Underwriters, Inc. has joined with the lawyers professional liability experts at Wolf Professional Risk in Tampa, Florida to acquire Agency Marketing Services, Inc. of St. Petersburg, Florida. The...
Georgia’s Britt/ Paulk Insurance to Acquire Fla. Marine Agency
Nov 21 2007 // Britt / Paulk Insurance Agency, Inc., a privately-held program administrator in Carrollton, Ga., has agreed to acquire Mitchell, York & Cooper, LLC, a Florida-based marine Insurance broker. Financial details of the...
USI Closes on Acquisition of Tenn.’s Treadwell & Harry Agency
Nov 21 2007 // USI Holdings Corp, out of Briarcliff Manor, N.Y, has completed the acquisition of Memphis, Tenn.-based Treadwell & Harry Insurance, LLC. Treadwell & Harry will be combined with USI’s existing Memphis...
PartnerRe Share Repurchase Increased to Five Million
Nov 20 2007 // Bermuda-based PartnerRe Ltd. announced that its Board of Directors has approved an increase in the Company’s share repurchase authorization for a total of up to 5 million common shares. “This reflects an...
Arthur J. Gallagher to Acquire Pa.-Based Yanni Partners
Nov 16 2007 // Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Yanni Partners Inc. of Pittsburgh, Pa. Terms of the transaction were not disclosed. The transaction is expected to close before Jan. 31,...
Maine’s Northeast Bank Insurance to Buy Spence & Matthews
Nov 14 2007 // Northeast Bank Insurance Group, Inc., a wholly owned subsidiary of Lewiston, Me.-based Northeast Bank, has agreed to purchase Spence & Mathews Insurance. The deal is slated to close on November 30, 2007. Founded in...
Wells Fargo to Acquire El Paso Agency
Nov 14 2007 // Wells Fargo Insurance Services Inc. reported it will acquire Rogers & Belding Insurance Agency Inc., a single-office agency in El Paso, Texas, and its subsidiaries. Terms of the transaction were not disclosed. Rogers...
Marquis Agency Acquires N.Y.-Based Lucas & Dake
Nov 12 2007 // The Marquis Agency of Woodbridge, N.J., acquired Lucas & Dake Co. Inc. of Rochester, N.Y. The new agency will be called Marquis Lucas Dake. Terms of the transaction were not disclosed. The Marquis Agency is a...
Hull & Co. Acquires McFall General Agency’s Assets
Nov 12 2007 // Hull & Co. Inc. has acquired the aseets of McFall General Agency Inc., which has offices in Portland, Ore., and Gig Harbor, Wash. Bob McFall, who founded MGA in 1981 and currently serves as president,, will remain...
Beale Joins Zurich as Merger/Acquisition-Transformation Management Head
Nov 9 2007 // Zurich Financial Services Group announced that Inga Beale (44) will join the company as Head of Organizational Transformation Management and Mergers & Acquisitions as of January 1, 2008. She will also become a member...
Hub International Acquires Diversified Risk Insurance Brokers
Nov 8 2007 // Chicago-based Hub International Ltd.’s California subsidiary has acquired FLF Inc. d/b/a Diversified Risk Insurance Brokers Inc. (DRIB), a northern California-based insurance brokerage. DRIB’s operation in...
Alabama-Based Alfa Mutual to Buy Rest of Alfa Corp. for $840 Million
Nov 8 2007 // Life insurance company Alfa Corp. has agreed to be acquired by its majority owners, Alfa Mutual Insurance Co. and Alfa Mutual Fire Insurance Co., for about $840 million. Alfa Mutual will pay $22 per share for shares of...
Montpelier Re Completes U.S. Surplus Lines Acquisition
Nov 6 2007 // Bermuda-based Montpelier Re Holdings Ltd. announced that Montpelier US, its Hartford-based subsidiary, has completed the purchase of a US Excess & Surplus lines insurance company after receiving regulatory approval...
Ironshore Acquires US Admitted Shell
Nov 5 2007 // Bermuda-based Ironshore Inc. announced that Ironshore Holdings (U.S.) Inc., the company’s US subsidiary, has completed the acquisition of Stockbridge Insurance Company, a US-based admitted insurance company, from...
Hub Acquires Elevator Insurance Specialist JM Associates in N.J.
Nov 5 2007 // Chicago-based insurance broker Hub International Limited reported that its New York subsidiary has acquired the assets of JM Associates, Ltd. (JM), an agency that has specialized in providing casualty insurance for the...
Brown & Brown Acquires New Orleans Agency
Nov 5 2007 // Brown & Brown Inc. has acquired Independent Insurance Associates Inc. of New Orleans, La., according to a joint announcement released by the two companies. Independent Insurance Associates is a commercial property and...
