Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Atlantic Specialty Lines of Florida Announces Asset Acquisition of Gary Markel Surplus Lines Brokerage
Dec 6 2006 // (Clearwater, FL and Richmond, VA) …Robert M. Bryant, President, and Martin H. Kanipe, Executive Vice President of Atlantic Specialty Lines of Florida, Inc. (ASL – FL) and Paula Ross, Executive Vice President, Gary...
Republic Group Stockholders Approve Acquisition by Delek Capital
Dec 5 2006 // Dallas-based Republic Companies Group Inc.’s stockholders approved the previously-announced merger agreement providing for the merger of Republic and a wholly-owned subsidiary of Delek Capital Ltd., Republic...
Atlantic Specialty Lines of Fla. Acquires Gary Markel
Dec 5 2006 // Atlantic Specialty Lines of Florida, Inc. has acquired the assets of Gary Markel Surplus Lines Brokerage, Inc. ASL-FL is a member of the Atlantic Specialty Lines, Inc. group of companies with offices in Virginia, Illinois,...
Ill. Arthur J. Gallagher Acquires William H. Connolly
Dec 4 2006 // Itasca, Ill.-based Arthur J. Gallagher & Co. recently announced the acquisition of William H. Connolly & Co. of Montclair, N.J. Terms of the transaction were not disclosed in the written release. William H....
Northeast Bank Acquires Maine’s Palmer Agency
Dec 4 2006 // The insurance subsidiary of Northeast Bank, Northeast Bank Insurance Group, Inc. has acquired the Palmer Insurance Agency of Turner, Maine. Palmer has six employees and generated $4 million in gross premiums over the past...
Brown & Brown Acquires Two Dallas Agencies
Dec 4 2006 // Florida-based Brown & Brown Inc. reported the asset acquisition of two insurance agencies headquartered in Dallas, Texas. ProTexn Inc. and Best Practices Insurance Agency Inc. were acquired by a wholly owned...
Atlanta Insurer Buys High Risk Insurer Omni from The Hartford
Dec 3 2006 // Independent Insurance Investments Inc. announced it has completed its acquisition of Omni Insurance Group. Omni, an Atlanta-based auto insurance company for high-risk drivers, generated net written premiums of $174 million...
Virginia Mutual Policyholders OK Stock Conversion, Merger with Alfa
Nov 29 2006 // Policyholders of Virginia Mutual Insurance Co. have approved the previously announced plan of conversion with Alfa Corp., the companies reported. Under the agreement, Virginia Mutual will convert from a mutual company to a...
PartnerRe Redeems Securities
Nov 22 2006 // Bermuda-based PartnerRe Ltd’s.investment vehicle, PartnerRe Capital Trust I, will call for the redemption of all of its outstanding 7.90 percent Capital Trust I Preferred Securities on December 21, 2006. The...
Arthur J. Gallagher Acquires South Carolina’s Adams & Associates
Nov 22 2006 // Arthur J. Gallagher & Co. reports it has acquired Adams & Associates International, Ltd. of Columbia, South Carolina. Terms of the transaction were not disclosed. Adams & Associates International, Ltd. is a...
People, partnerships lead to nearly a century of success
Nov 20 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
People, partnerships lead to nearly a century of success
Nov 19 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
Chicago Fort Dearborn Life Announces Intent to Acquire N.Y. Company
Nov 17 2006 // Chicago-based Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company, has announced the signing of a letter of intent to acquire a New York domiciled life...
N.Y. City Sues to Block Major Health Insurance Merger
Nov 15 2006 // New York City officials are trying to stop a major health-insurance merger, saying it would create a near-monopoly. New York City filed court papers Monday to prevent the region’s biggest nonprofit insurers — GHI...
N.Y. City Loses Quick Bid to Block Health Insurers’ Merger
Nov 15 2006 // A judge on Tuesday refused a request by New York City officials to immediately stop the merger of two nonprofit insurance companies that provide coverage to city workers because it violates antitrust laws. U.S. District...
R&SA Acquires Martello Underwriting
Nov 14 2006 // The U.K.’s Royal & Sun Alliance Insurance Group plc has acquired Martello Underwriting Limited for £38.5 million ($73.2 million) payable in cash. The transaction is subject to regulatory approval....
Berkshire Hills Bank Buys 5 Western Mass. Agencies
Nov 11 2006 // Berkshire Hills Bancorp, Inc., the holding company for Berkshire Bank, completed its acquisition of five Western Masssachusetts insurance agencies on Oct. 31, 2006. The agencies acquired by the company’s wholly-owned...
NALICO General Agency Expands with Texas Acquisition
Nov 10 2006 // NALICO General Agency Inc., a subsidiary of Waco, Texas-based NLASCO, announced the asset acquisition of Longhorn General Agency Inc. and Longhorn Insurance Services Inc., effective Nov. 1, 2006. Founded in 1980, Longhorn...
Westline Corp. acquires Freeway Insurance Services
Nov 9 2006 // Westline Corp., Cypress, Calif., the parent company to South Coast Auto Insurance Marketing Inc., Solo Insurance Services Inc., South Coast Dealer Services Inc., Insurenow Insurance Services Inc., and Spotcoverage...
Ill. Euclid Insurance to Acquire Environmental Insurance Specialists
Nov 7 2006 // Itasca, Ill.-based Euclid Insurance Services has announced plans to acquire Melbourne, Florida-based Environmental Insurance Specialists, a commercial insurance agency that specializes in serving the waste-hauling and...
