Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Business Risk Partners, Praetorian Offer Small-Middle Market D&O
May 23 2007 // Business Risk Partners and Praetorian Financial Group are launching insurance products: Private Accord and Excess Guardian. Private Accord is a directors and officers liability package product for small and middle market...
Allianz Acquires Russian P/C Insurer
May 22 2007 // Germany’s Allianz further expanded its presence in the Russian insurance market with the announcement that it has “finalized the acquisition of the P/C insurer Progress-Garant.” Allianz purchased all of...
West Va.’s Summit Financial Acquires Kelley Agencies of Va.
May 21 2007 // West Virginia-based Summit Financial Group, Inc. has agreed to acquire Kelly Insurance Agency, Inc. and Kelly Property and Casualty Inc. headquartered in Leesburg, Virginia for $6.2 million in stock. The acquisition of the...
CRM Shows Benefits of Majestic Acquisition, Twin Bridges Reinsurance
May 21 2007 // Workers’ compensation insurer CRM Holdings, Ltd. In Bermuda recently reported a 135 percent increase in its revenue to a record $34.7 million in the first quarter. The company said it continues to benefit from its...
Validus to Acquire Talbot Holdings; Best Puts Ratings under Review
May 16 2007 // Bermuda-based Validus Holdings, Ltd. has entered into a share sale agreement to acquire all of the outstanding shares of Talbot Holdings Ltd. from the institutional investors, employees and management who currently own...
FIN Acquisition Raises Alea Bid
May 16 2007 // FIN Acquisition Ltd., the investment vehicle formed by the Fortress Investment Group to acquire the Bermuda- based Alea Group, has raised its offer for Alea. The decision came following what Alea described as “a very...
USI Holdings Closes on Acquisition of Florida Broker Goldin
May 16 2007 // USI Holdings Corp. today announced the acquisition of Miami, Fla.-based benefits broker, Steven E. Goldin Insurance, Inc. Goldin provides benefits products and services to mid-sized businesses throughout Southeast Florida....
Merger: AIG Buying Remaining 21st Century Shares for $813 Million
May 16 2007 // American International Group, Inc. and 21st Century Insurance Group reported that AIG will acquire the 21st Century shares it does not currently own at a price of $22.00 per share in cash, for a total purchase price of...
Appalachian Underwriters Buys Florida Brokerage Business
May 16 2007 // Nationwide managing general agency Appalachian Underwriters, Inc. of Oak Ridge, Tenn., has completed the purchase of the renewal rights to the brokerage business of Creative Insurance Underwriters in Florida. “It was...
AmWINS to Buy American Equity Underwriters
May 15 2007 // Wholesale broker AmWINS Group, Inc. has agreed to acquire American Equity Underwriters, Inc. (AEU), a Mobile, Alabama-based national provider of insurance programs for maritime employers with expertise in United States...
PartnerRe Increases Share Buy-backs
May 14 2007 // The Board of Directors of Bermuda-based PartnerRe Ltd. has approved an increase in the Company’s stock repurchase authorization for a total of up to 5 million common shares. The new authorization represents “an...
Mich. North Pointe Acquires Capital City for $41 Million
May 14 2007 // Mich.-based North Pointe Holdings Corp. today announced that it has entered into a purchase agreement to acquire all of Capital City Holding Company Inc.’s outstanding stock. In addition, the purchase of this...
Arthur J. Gallagher Acquires Ill. Tropp & Co.
May 11 2007 // Arthur J. Gallagher & Co. recently announced the acquisition of Tropp & Co., headquartered in Lake Forest, Ill. Terms of the transaction were not disclosed. Tropp & Co. is a retail insurance broker offering...
Texas-based P/C Consulting Firm Acquires Pennsylvania’s Apteon
May 11 2007 // CastleBay Consulting Corporation, a consulting services firm headquartered in Austin, Texas, and specializing in providing high impact consulting services to the property/casualty insurance market, announced that it has...
SCOR and Converium Reach Friendly Merger Agreement
May 10 2007 // Somebody at SCOR must have seen “The Godfather” recently, as the French reinsurer finally made Converium an offer it couldn’t refuse. After nearly three months of wrangling and battling press releases the...
Munich Re Buys Bell & Clements
May 9 2007 // Munich Re has acquired the Bell & Clements Group, an insurance and reinsurance broker, which operates in the UK from its London offices and in the U.S. from its headquarters in Reston, VA. The press announcement said:...
Sonae Buys 14% Stake in Cooper Gay
May 9 2007 // The London-based Cooper Gay Group announced that SC Insurance and Risk Services, SGPS, SA, a subsidiary of the Portuguese corporation Sonae SGPS, S.A., has agreed to terms for the acquisition of approximately 14 percent of...
GMAC Insurance to Buy U.K. Auto Insurer Provident Financial
May 9 2007 // GMAC Insurance, the insurance business of GMAC Financial Services, has agreed to acquire Provident Insurance, the United Kingdom-based auto insurance division of Provident Financial PLC. The acquisition will complement...
Hilb Rogal & Hobbs Acquires South Central-based Global Special Risks
May 8 2007 // Hilb Rogal & Hobbs Company (HRH) announced that it acquired the operating assets of Global Special Risks LLC, effective May 1, 2007. The terms of the transaction were not disclosed. Global Special Risks (GSR), an...
Commercial insurers’ stock trades down in first quarter; M&As slow as well
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
