Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Spain’s Mapfre to Buy Mass.-Based Commerce Insurance for $2.2 Billion
Oct 30 2007 // Spain’s largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in the U.S....
Earnings Recap: ACE, Arch, Everest Re, Montpelier Re, PartnerRe, Transatlantic Re, Willis
Oct 26 2007 // A number of international companies have recently published their earnings results for the third quarter of 2007 and the first nine months of the year. Highlights of these reports – in alphabetical order – are...
Md.-Pa.-Del. Agents Group Highlights Delaware Merger, Elects Officers
Oct 26 2007 // The Insurance Agents & Brokers Service Group held its annual meeting Oct. 17, marking a year that included the inception of the Delaware Association of Insurance Agents & Brokers Inc. into its organization. The...
Lack of Funding Halts Buyout of Homes in Okla. Superfund Site
Oct 26 2007 // The panel in charge of a federally funded buyout of homes located within the Tar Creek Superfund Site in Oklahoma has stopped making offers to homeowners because of a lack of funding, an official said. The Lead-Impacted...
Burns & Wilcox Appoint Liverance Director of Talent Acquisition
Oct 23 2007 // Farmington Hills, Mich.-based Burns & Wilcox recently announced that Steve Liverance has joined the company as director of talent acquisition. Liverance is responsible for developing and implementing a company-wide...
North Point Holdings Acquires Home Pointe Insurance for $15.3 Million
Oct 23 2007 // Mich.-based North Pointe Holdings Corp. announced Monday that it has signed an agreement for the sale of its Home Pointe Insurance Co. subsidiary, which comprises North Pointe’s Florida homeowners and dwelling fire...
PartnerRe Releases Q3 Results
Oct 22 2007 // Bermuda-based PartnerRe will release its 2007 third quarter and nine month results after the market close today, October 22, 2007. The Company’s senior management will conduct a dial-in conference call, which will...
Best Announces Rating Actions on Munich Re/Midland Acquisition
Oct 19 2007 // A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Germany’s Munich Re Group and the FSR of ‘A’...
Royal & SunAlliance Canada to Acquire Canadian Northern Shield Insurance
Oct 18 2007 // The Royal & SunAlliance Canada Group announced that it has entered into an agreement to purchase all of the shares of Canadian Northern Shield Insurance Company (CNS) from The CUMIS Group Limited for approximately $75...
Wholesaler AmWINS Buys Calif.’s London American General
Oct 18 2007 // AmWINS Group, Inc., a national wholesale insurance broker based in Charlotte, N.C., reports it has acquired London American General Agency, Inc. Based in San Diego, California, London American is a managing general agent...
Munich Re to Acquire Midland Co.
Oct 17 2007 // It didn’t take Munich Re very long to make good on its intentions to expand in then U.S. P/C market (See IJ web site Oct. 9). The world’s second largest reinsurer announced today that it has “concluded an...
The Doctors Co. to Grow by Acquiring Calif. Medical Liability Insurer, SCPIE
Oct 17 2007 // Physician-owned liability insurer The Doctors Company is expanding its market by acquiring SCPIE Holdings Inc., a provider of healthcare liability insurance in California and Delaware. Following the merger, The Doctors...
Calif. DOI Partners with CAL FIRE To Prevent Fire Losses
Oct 16 2007 // California Insurance Commissioner Steve Poizner joined CAL FIRE Director Ruben Grijalva yesterday in signing a memorandum of understanding (MOU) to help prevent and mitigate fire losses in the Golden State. The state faces...
Kan. Lawmakers Propose Funding for Housing for Storm-ravaged Areas
Oct 15 2007 // A bipartisan group of state lawmakers want to provide $50 million to build new housing in Kansas communities still hurting from storms earlier this year. The Greensburg tornado in May and flooding in southeast Kansas...
Lawson-Hawks Acquires Stephens and Long Insurance Brokerage
Oct 12 2007 // Lawson-Hawks Insurance Associates has acquired the Stephens and Long Insurance Brokerage in San Francisco. Stephens and Long was founded in 1925 as an independent insurance brokerage and has, a presence in the San...
Brown & Brown Acquires Professional Risk Managers
Oct 11 2007 // Brown & Brown Inc. announced the asset aquisition of Professional Risk Managers Inc. and PRM Group LLC (collectively the PRM Group) The PRM Group, with annualized revenues of approximately $4.5 million, is primarily...
Arthur J. Gallagher Acquires Calif. Benefits Broker BIS
Oct 5 2007 // Arthur J. Gallagher & Co. has acquired BIS Insurance Services Inc. located in Sacramento, Calif. Terms of the transaction were not disclosed. Founded in 1979, BIS Insurance Services is an employee benefits insurance...
W.R. Berkley Completes Acquisition of American Mining Insurer
Oct 5 2007 // Connecticut-based W. R. Berkley Corp. reports it has closed on the acquisition of CGH Insurance Group, the owner of American Mining Insurance Co. Terms of the transaction were not disclosed. American Mining, based in...
Fla.: Brown & Brown Acquires Certain J.P. Morgan Insurance Assets
Oct 4 2007 // Florida-based Brown & Brown Inc., announced the purchase of the property and casualty insurance brokerage business of J.P. Morgan Insurance Agency Inc., located in Newark, Del. The acquired business, with annualized...
Willis AG Acquires Swiss Insurance Broker, Burkart Risk
Oct 3 2007 // In a move that it says underscores its commitment to achieve a leadership position in Switzerland, Willis AG, the Swiss branch of global insurance broker Willis Group Holdings, has acquired Burkart Risk Consulting &...
