Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ChoicePoint to Buy Insurance Analytics Firm, Optimal Decisions Group
Feb 5 2008 // Information servcies company ChoicePoint reports it is acquiring Optimal Decisions Group, a firm that develops advanced analytics and software for the insurance industry. ODG develops predictive modeling, multi-year...
Universal North America to Acquire Policies from Houston General
Feb 5 2008 // Universal North America Insurance Company, with corporate offices in Texas and Florida, has agreed to acquire the renewal rights to approximately 11,500 policies from the personal lines portfolio of Canton, Mass.-based...
Mercator Risk Services Acquires Tennant Risk Services
Feb 4 2008 // Mercator Risk Services, a specialty wholesale insurance broker, acquired Tennant Risk Services Insurance Agency LLC, a Hartford, Conn.-based wholesale broker and underwriting manager. Terms of the transaction were not...
Reinsurance Broker BMS Names Buysse as CEO for North America
Feb 4 2008 // BMS, a reinsurance intermediary based in Philadelphia, has appointed James T. Buysse as chief executive officer of its North American operations, BMS Intermediaries, Inc. Buysse will be based in Philadelphia and will...
USI Acquires Conn.’s Webster Bank Insurance Brokerage
Feb 4 2008 // USI Holdings Corp. has acquired Webster Insurance, Inc., from Webster Financial Corp., the holding company for Webster Bank, N.A. The parties also signed marketing agreement to provide expanded products and services to...
PartnerRe Earnings Announcement Today; Conference Call Details
Feb 4 2008 // Bermuda-based PartnerRe Ltd. will announce its fourth quarter 2007 and full year results after the market close today, February 4, 2008. Senior management will conduct a dial-in conference call, which will include a...
Brown & Brown Insurance Buys Custom Outsourcing of Tampa
Feb 4 2008 // Giant insurance broker Brown & Brown has acquired MEW Custom Staffing, L.L.C., a Tampa, Fla. human resource and outsourcing firm that does business as Custom Outsourcing. C. Roy Bridges, regional executive vice...
BancorpSouth Insurance to Buy JMG/IC Insurance of Texas
Feb 4 2008 // BancorpSouth Insurance Services, Inc., a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss., has agreed to acquire the Nacogdoches, Texas — based JMG/IC Insurance Agency, Inc. The effective date of the...
Hub International Acquires Scheer’s, Inc.
Feb 4 2008 // Hub International Limited announced today that it has acquired Scheer’s, Inc. one of the largest privately-owned retail insurance brokerages in the United States specializing in surety bonds. Scheer’s,...
Meadowbrook Acquires Remaining Earnings from U.S. Speciality Underwriters
Feb 4 2008 // Southfield, Mich-based Meadowbrook Insurance Group, Inc. announced today its termination of the Management Agreement associated with its acquisition of the business of U.S. Specialty Underwriters, Inc. (USS). As previously...
Baloise and Gothaer in Merger Talks on German Insurance Operations
Feb 1 2008 // The Baloise Group and Gothaer Versicherungsbank VVaG are negotiating about a strategic partnership and a merger of their German insurance activities. A letter of intent has been signed, the companeis said. Both companies...
China’s CNinsure Buys Majority Interests in 2 P/C Insurance Agencies
Feb 1 2008 // CNinsure Inc., a leading independent insurance agency and brokerage company operating in China, is acquiring majority interests in Changsha Lianyi Insurance Agency Co., Ltd. (Lianyi) and Jiangmen Fanhua Zhicheng Insurance...
Arthur J. Gallagher Acquires Oakland’s CEM Insurance Services
Jan 31 2008 // Arthur J. Gallagher & Co. today announced the acquisition of Crist Elliott Machette Insurance Services, Inc. of Oakland, Calif. Terms of the transaction were not disclosed. Incorporated in 1993, Crist Elliott Machette...
Ascension to Acquire Calif.-based Pan American Underwriters
Jan 28 2008 // Ascension Insurance Inc. signed an agreement to acquire the assets of the California -based insurance agency, Pan American Underwriters Inc. Pan American is a wholly owned subsidiary of PAULA Financial (Pink Sheets:PFCO)....
Commercial Insurers’ Stocks Flat in 2007; M&As Heat Up
Jan 27 2008 // Stock Prices: Commercial lines insurers’ stocks have been relatively flat in 2007. Chubb Corp. (NYSE:CB) posted the largest gain at 5 percent. M&A Activity: The fourth quarter started with a bang as two large...
NSM Insurance Acquires N.Y.-Based Clean Street Program Manager
Jan 25 2008 // NSM Insurance Group in Conshohocken, Pa. has acquired the Pavement Maintenance Insurance Agency (PMI), program administrator for the Clean Streets Program. Scott Cerosky, president of PMI, has assumed the role of director...
Brown & Brown Acquire Diversified Insurance Brokerage of Ind.
Jan 25 2008 // J. Scott Penny, regional executive vice president of Brown & Brown, Inc. and Kevin Mandrell and William Lantrip, principals of Diversified Insurance Brokerage Group, Inc. of Indianapolis, Ind. recently announced the...
Brown & Brown Buys N.J.’s LDP Consulting
Jan 25 2008 // Florida-based insurance agency Brown & Brown has acquired LDP Consulting group, Inc., of New Jersey. LDP Consulting Group, with annualized revenues of approximately $12.8 million, specializes in selling employee...
PartnerRe January P/C Renewals around $2 Billion
Jan 25 2008 // Bermuda-based PartnerRe Ltd. announced that during the January 1 renewal season it expects to write and bind approximately $2.0 billion of Non-Life premium. The figure ” does not include PartnerRe’s Non-Life...
Calif.-based MOC Insurance, Farallon Assoc. Announce Merger
Jan 25 2008 // Van Maroevich, president and CEO of MOC Insurance Services/Maroevich, O’Shea & Coghlan, and Peter Brown and Harry Humphrey of Farallon Associates Insurance Brokers, both based in San Francisco, announced the...
