Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Vertafore Acquires Document Management Firm, ImageRight
Apr 13 2007 // Vertafore, Inc., a provider of software and services solutions to the insurance industry, has acquired ImageRight from Advanced Solutions Inc. Financial details of the transaction were not disclosed. The acquisition closed...
Pa. Health Insurers’ Merger Could Eliminate 1,000 Jobs
Apr 11 2007 // The proposed merger of Pennsylvania’s two largest insurance companies could result in about 1,000 lost jobs, mostly through attrition, a company executive said this week. Highmark CEO Dr. Kenneth Melani made the...
AXA, Britt Paulk Partner on U.S. Aviation Program for Smaller Aircraft
Apr 10 2007 // AXA Corporate Solutions announce the launch of a new national General Aviation program for the U.S. that will be managed through a general agency relationship with Britt Paulk Insurance Agency, Inc. Together Britt Paulk...
Partners General Agency to Open N.Y. Office Headed by McPhillips
Apr 10 2007 // Partners General Insurance Agency (PGIA), a California based managing general underwriter, said it will soon open an office in New York to serve its wholesale producers on the East Coast. Partners General Insurance Agency...
Tower Completes Acquisition of Northeast Insurer, Preserver Group
Apr 10 2007 // Tower Group, Inc. reported that it has completed the acquisition of Preserver Group, Inc., a New Jersey based property and casualty insurer. This transaction was previously announced on Nov. 14, 2006. Preserver Group, Inc....
Mass. extends deadline for residents to buy health coverage
Apr 9 2007 // The board that oversees Massachusetts’ landmark health insurance law voted last month to delay key elements of the plan by a year and a half to give residents and businesses a chance to ramp up their health care...
Tenn.: Calera Capital and TPG Close Acquisition of Direct General Corp
Apr 6 2007 // Calera Capital, formerly Fremont Partners, and TPG Capital, formerly Texas Pacific Group, announced the completion of the acquisition of Direct General Corp. by an affiliate of Calera and TPG. Prior to the acquisition,...
Delaware Agent Groups Closer to Merger; Members to Vote April 18
Apr 5 2007 // The boards of directors for the Insurance Agents & Brokers of Delaware (IA&B of DE) and the Independent Insurance Agents of Delaware, Inc. (IIAD) have unanimously voted to approve the plan for merger of their...
Zurich Closes NASTA Acquisition
Apr 4 2007 // Zurich Financial Services Group announced the completion of the acquisition of 66 percent of OOO NASTA Insurance Company, a leading Russian personal lines insurer. Zurich entered into an agreement for the purchase of a...
Fla.-based Brown & Brown Buys Houston’s United Employers
Apr 4 2007 // Brown & Brown Insurance Services of Texas Inc., a subsidiary of Fla.-based Brown & Brown Inc., acquired the assets of Houston-based United Employers Insurance Agency Inc. United Employers Insurance Agency, is a...
Alea Posts Earnings; Agrees to be Acquired by FIN Acquisition
Apr 4 2007 // Concurrent with the release of its final results for 2006, the Alea Group announced that it has “reached agreement on the terms of a recommended cash acquisition of Alea by FIN Acquisition, a company formed at the...
Proposed Trauma Center Funding Fails in Ark. Legislative Committee
Apr 4 2007 // Another attempt to fund a statewide trauma center system in Arkansas by adding a tax to insurance policies failed to win the endorsement of a legislative conference committee April 2, effectively killing it. A proposal by...
Concentra Sells Workers’ Comp Network Services to Coventry
Apr 3 2007 // Addison, Texas-based Concentra Operating Corporation reported it has completed the previously reported sale of its workers’ compensation managed care services business units to Maryland-based Coventry Health Care...
Ohio Casualty Sponsors Agent Branding Program, The Partnership
Apr 3 2007 // Ohio Casualty Group® today has announced its sponsorship of two key projects of the National Association of Professional Insurance Agents (PIA). The company is an official sponsor of the PIA Branding Program, Local Agents...
Northeast Bank Acquires Southern Maine Agency
Apr 2 2007 // Northeast Bank Insurance Group, Inc., a wholly-owned subsidiary of Maine-based Northeast Bank, continues acquiring insurance agencies in Maine. The latest acquisition is Southern Maine Insurance Agency, located in...
State Auto Group Completes Merger with Beacon; ‘A’ Ratings Unaffected
Mar 30 2007 // Standard & Poor’s Ratings Services reported that ratings on the members of State Auto Group (A/Stable/) were not affected by State Auto’s recently completed purchase of Beacon Insurance Co. With the...
Fairfax to Buy More Cunningham Lindsey Shares
Mar 30 2007 // Toronto-based Fairfax Financial Holdings Limited announced that it has entered into an agreement to purchase 1,031,090 subordinate voting shares of Cunningham Lindsey Group Inc. from a group of third party...
Ind. Leisure/Sports Partners with RLI’s Target Market Specialists
Mar 30 2007 // Ind.-based Leisure/Sports Specialists, LLC (LSS), a privately held underwriting organization that distributes specialty sports and leisure insurance products through retail brokers, recently announced that it has...
Pa. Seeks Public Input on Possible Merger of 2 Biggest Health Plans
Mar 29 2007 // Acting Pennsylvania Insurance Commissioner Randy Rohrbaugh reacted to the announcement from the boards of Highmark Blue Shield and Independence Blue Cross of their intent to combine their operations, promising to keep...
AXIS Capital to Acquire Aon’s Media/Professional Insurance
Mar 29 2007 // AXIS Capital, a global specialty commercial property and casualty insurer and reinsurer, has agreed to acquire the assets and operations of Media/Professional Insurance (Media/Pro), a managing general underwriter...
