Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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 &...
Starr International Buys Texas-based P/C Insurer from Berkshire Hathaway
Oct 3 2007 // Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway...
Chicago SUA Contracts with Partner Agent Writing Trucking in Southeast
Oct 2 2007 // Chicago-based Specialty Underwriters’ Alliance, Inc. (SUA) recently announced that the company has entered into a new Partner Agent contract with First Light Program Managers, Inc. (“First Light”) to...
Maryland’s Shore Bancshares Acquires Marine Insurance Agency, Wholesaler
Oct 2 2007 // Shore Bancshares, Inc. , parent company of three independent community banks and two retail insurance agencies serving the Delmarva peninsula, has closed two new acquisitions including a retail agency specializing in...
Canada’s TD Banknorth to Buy N.J.’s Commerce Bank; Sell Insurance Unit
Oct 2 2007 // Canada’s TD Bank Financial Group reports that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase...
Georgia’s BB&T Insurance Services Acquires Sidney O. Smith Inc.
Oct 1 2007 // BB&T Insurance Services announced plans to expand its metro Atlanta and north Georgia operation with the acquisition of Sidney O. Smith Inc. Sidney O. Smith Inc. currently provides commercial and personal property and...
Brooke Franchise Corp. to Acquire Chicago Area Agency Network
Sep 27 2007 // Brooke Franchise Corp., a subsidiary of Brooke Corp. recently announced an agreement to acquire 60 insurance agency locations from entities associated with Chicago-based J and P Holdings Inc. The acquisition is expected to...
Montana’s wildfire suppression funding process convoluted, analysts say
Sep 24 2007 // Montana legislative analysts agreed that more money is needed to fight fires in Montana but called the state’s current system for funding wildfire suppression “convoluted” and raised concerns about some...
CEA funding structure to be revamped under legislation sent to governor
Sep 24 2007 // By a wide margin, California lawmakers have approved a compromise between the California Earthquake Authority’s governing board and its participating homeowner insurers to replace a significant portion of the...
CEA funding structure to be revamped under legislation sent to governor
Sep 24 2007 // p:By a wide margin, California lawmakers have approved a compromise between the California Earthquake Authority’s governing board and its participating homeowner insurers to replace a significant portion of the...
Montana’s wildfire suppression funding process convoluted, analysts say
Sep 24 2007 // Montana legislative analysts agreed that more money is needed to fight fires in Montana but called the state’s current system for funding wildfire suppression “convoluted” and raised concerns about some...
Ariel Acquiring Zurich’s Valiant for Launch of U.S. Specialty Carrier
Sep 20 2007 // Bermuda-based Ariel Holdings Ltd. reports it will acquire Valiant Insurance Co. from Zurich North America Commercial Group. Ariel Holdings Ltd. said it has established a U.S. based insurance holding company, Valiant...
Hub to Acquire Canadian Wholesaler Totten Group
Sep 20 2007 // Chicago-based Hub International Limited announced that one of its subsidiaries has entered into a definitive agreement to acquire all of the stock of Totten Insurance Group Inc., a Canadian specialty insurance wholesaler...
The Hanover Completes Acquisition of Lawyers’ Insurer, Professionals Direct
Sep 17 2007 // The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies specialize in lawyers professional...
Woodruff-Sawyer Partners with California Bankers Association
Sep 17 2007 // Woodruff-Sawyer & Co. announced today a partnership with California Bankers Association, one of the largest state banking trade associations in the country. Woodruff-Sawyer will be CBA’s broker to represent...
HSBC Acquires 10% Stake in Vietnam’s Bao Viet
Sep 14 2007 // HSBC, one of the largest international banks, has entered into an agreement to acquire a 10 percent stake in Vietnam’s leading insurance and financial services group, Vietnam Insurance Corporation (Bao Viet), for...
HRH Acquiring Bank of America’s Commercial Insurance Agency
Sep 14 2007 // Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in the northeastern...
Regulators Give Approval for Merger of Iowa and Wis. Cuna Mutuals
Sep 13 2007 // State insurance regulators recently approved the merger of Cuna Mutual Insurance Co of Waverly, Iowa with Cuna Mutual Insurance Society of Madison, Wis. The merger is expected to be complete by Dec. 31. The company’s...
AXA Partners with Vietnam’s Bao Minh
Sep 12 2007 // France’s AXA Group announced that it has reached an agreement to establish a strategic partnership in the Vietnamese insurance market with Bao Minh Insurance Corporation, the second largest player in the Vietnamese...
