Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub Partners with Hiscox to Roll Out High Risk Homeowners Policy
Mar 28 2007 // Ciicago-based Hub International Personal Insurance, a division of Hub International Limited , has launched HUBPro, a homeowners’ insurance product designed for people living in areas that have a high risk of...
Va.’s Alliance Bankshares Buys Fredericksburg Agency
Mar 28 2007 // Alliance Bankshares Corp., based in Chantilly, Va., said its subsidiary, Alliance Insurance Agency, Inc., has acquired certain assets and liabilities of the Thomas Agency, Inc., trading as Fredericksburg Insurance Group in...
Ill. Speciality Underwriters Contracts with New Partner
Mar 27 2007 // Specialty Underwriters’ Alliance, Inc., through its subsidiary SUA Insurance Co., today announced a new Partner Agent agreement with Flying Eagle Insurance Services, Inc. (“Flying Eagle”) to market and...
Max Re Approved to Acquire, Operate U.S. E&S Company
Mar 27 2007 // Bermuda-based Max Re Capital Ltd. announced that it has received regulatory approval from the Delaware Department of Insurance to acquire a U.S.-based excess and surplus lines company. Max Re (which is also in the process...
Minn. Senate Okays Insurance for Same-sex Partners of State Workers
Mar 26 2007 // The Senate on Saturday voted to allow same-sex partners of state workers to buy into the state’s health insurance program, even as opponents charged it was a stealth attempt to clear a path for legalized gay...
Brown & Brown Acquiring N.J.’s Grinspec, Public Entity Group Specialist
Mar 26 2007 // Florida-based insurance broker Brown & Brown, Inc. is acquiring Grinspec, Inc., an insurance intermediary with offices in New Providence and Moorestown, New Jersey. Brown & Brown, Inc. said it will acquire all of...
With Acquisition, North Texas Agency has Second Location
Mar 26 2007 // Powter Insurance Agency Inc. of McKinney, Texas, announced it purchased Arlington, Texas-based Anchor Insurance Agency Inc. from Ron Brown. The Arlington location will be Powter Insurance Agency’s second...
Aon UK Partners with InterResolve for Liability Claims Processing
Mar 20 2007 // InterResolve, an independent claims resolution specialist, and Aon Limited, the UK division of Chicago-based Aon Corp., announced that they have concluded a partnership “to provide UK corporate businesses with faster...
S&P Puts Germany’s Union on CreditWatch Pending Merger
Mar 20 2007 // Standard & Poor’s Ratings Services has placed its “A-” long-term counterparty credit and insurer financial strength ratings on Germany’s UNION Versicherungs-AG (Union) on CreditWatch with...
Best Withdraws Insurance Corp. of Newfoundland Rating Due to Merger
Mar 19 2007 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of “B++” (Good) and assigned a category of “NR-5” (Not Formally Followed) to Canada’s Insurance Corporation of Newfoundland...
AXA to Buy Korean Direct Auto Insurer
Mar 19 2007 // France’s Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer. The announcement did not state the purchase...
Arthur J. Gallagher Acquires Florida Life Wholesaler, The Producer’s Choice
Mar 15 2007 // Arthur J. Gallagher & Co. has acquired The Producer’s Choice, Inc. of Coral Springs, Florida. Terms of the transaction were not disclosed. Founded in 1992, The Producer’s Choice, Inc. is a managing general...
C.V. Starr Creates Global Accident, Health Unit; Partners with Chubb
Mar 15 2007 // Complementing its existing areas of specialty businesses, C. V. Starr & Co., Inc. has organized a global accident and health company. To be headquartered in Greenwich, Conn., Starr Global Accident & Health...
Beazley Acquires Health Care Specialist Sapphire Blue
Mar 13 2007 // Beazley Group has agreed to acquire Sapphire Blue, an agency specializing in professional liability insurance for U.S. health care institutions, particularly long term care facilities. The transaction significantly...
Catlin’s 2006 Results Rise on Wellington Acquisition
Mar 12 2007 // Catlin Group Limited announced financial results for the year ended December 31, 2006 that exceeded the expectations of most analysts. The Bermuda-based Company not only managed to smoothly absorb its acquisition of...
Flexpoint Partners Acquires Pa.’s Norwich Group
Mar 9 2007 // Flexpoint Partners, LLC acquired a majority interest in Rosemont, Pa.-based Norwich Group, Inc. and its affiliated companies via a newly formed holding company. Norwich develops, implements and administers commercial...
Okla.’s Oden Insurance Services Acquired by Thomson Corp.
Mar 9 2007 // The Thomson Corporation, based in Eagan, Minn., announced the acquisition of Tulsa, Okla.-based Oden Insurance Services Inc., a provider of insurance compliance and advisory information and workflow tools. Oden will be...
The Hartford Sells Medical Stop Loss Business to UnitedHealth Unit
Mar 7 2007 // The Hartford Financial Services Group, Inc. has agreed to sell its medical stop loss insurance business to National Benefit Resources, Inc. (NBR), a subsidiary of UnitedHealth Group, Inc. The transaction is expected to...
Zurich’s Farmers Group to Buy U.S. Auto Insurer Bristol West
Mar 5 2007 // Swiss insurer Zurich Financial Services AG said Friday that an American subsidiary intends to buy Bristol West Holdings Inc. for around $712 million, helping to beef up the Swiss insurer’s U.S. operations. Bristol...
Unitrin Acquiring Personal Lines Insurer Merastar for $45 Million
Mar 5 2007 // Unitrin, Inc. reports that its subsidiary, Trinity Universal Insurance Co., is buying Merastar Insurance Co. certain of its affiliates in a cash transaction valued at approximately $45 million. Merastar Insurance is based...
