Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Strong earnings keep insurers’ stock prices stable; M&A activity remains flat
Jul 24 2006 // Stock Prices: Insurers’ stock prices remained relatively stable during the second quarter of 2006. In a time of the year when stock prices tend to fluctuate depending on the weather forecast, companies were able to...
Berkshire Hathaway Subsidiary Acquires Two Calif. WC Companies
Jul 19 2006 // Columbia Insurance Company, a member of the Berkshire Hathaway Group of Insurance Companies, has agreed to acquire American All-Risk Insurance Services (AARIS) and American Commercial Claim Administrators (ACCA), both...
Pennsylvania’s Two Biggest Health Insurers in Merger Talks Again
Jul 17 2006 // Pennsylvania’s two largest health insurers are discussing a possible merger, which could happen as early as September. Independence Blue Cross, based in Philadelphia, and Pittsburgh-based Highmark Inc. are part of...
ChoicePoint Acquires Insuratec
Jul 17 2006 // Alpharetta, Ga.-based ChoicePoint has acquired Danville, Calif.-based Insuratec Inc., a provider of lien holder and mortgagee notification services to the property and casualty insurance industry. Insuratec notifies...
Acquisition Broadens Ebix’s Insurance Market Presence
Jul 14 2006 // Ebix Inc., an Atlanta based software developer and supplier of e-commerce software has announced that effective May 1, 2006, it completed the acquisition of substantially all the operating assets of Reston, Va. and...
Arthur J. Gallagher & Co. Acquires S.P. Tarantino Insurance Brokerage
Jul 13 2006 // Arthur J. Gallagher & Co. (NYSE:AJG) has acquired S.P. Tarantino Insurance Brokerage Inc. of San Francisco. Terms of the transaction were not disclosed. Founded in 1979, S. P. Tarantino Insurance Brokerage is a full-...
ChoicePoint Acquires ePolicy
Jul 13 2006 // ChoicePoint, of Alpharetta, Ga. has acquired the assets of California-based ePolicy Inc., including the firm’s ePolicy Solutions RightRisk product line. Terms of the acquisition were not disclosed. ePolicy provides...
Hub International Buys Canadian Broker’s Life Servicing Business
Jul 12 2006 // Hub International Limited has acquired life insurance portfolio from Standard International Underwriters Ltd. Details of the purchase by the Toronto-based Hub Financial Inc.were not disclosed. Both HUB Financial and SIU...
USI Holdings Acquires Texas’ Frank Siddons Insurance
Jul 12 2006 // USI Holdings Corporation, based in Briarcliff Manor, N.Y., announced the acquisition of Austin, Texas-based Frank Siddons Insurance. The acquisition of this surety and commercial lines broker is expected to contribute...
Generali Signs Deal to Acquire 51% Stake in Bulgaria’s Orel-G Holding
Jul 11 2006 // It’s not just the Italian Football (soccer) team that’s in an expansive mood. Italy’s Generali Group announced that it has signed an agreement for the acquisition of a 51 percent shareholding in Bulgarian...
DriveCam Inc. Partners With American Country Insurance to Offer Safe Driving Program
Jul 10 2006 // DriveCam Inc. has partnered with American Country Insurance Co. Under the terms of the agreement, American Country Insurance will offer discounts starting at 5 percent to customers who deploy DriveCam’s solution....
Berkshire Hathaway Acquires Iscar Metalworking Companies
Jul 7 2006 // Berkshire Hathaway said Wednesday that it had completed the acquisition of 80 percent of Iscar Metalworking Companies. Berkshire announced in May that it would pay $4 billion for the stake in the privately held Israeli...
Willis Acquires Norway Broker Link
Jul 7 2006 // Global insurance broker Willis Group Holdings Limited has entered into a contract to purchase Link Forsikringsmegling AS, described as “the leading insurance broking and employee benefit business in Oslo” with...
Hub Acquires Quebec Broker AssurConseil
Jul 6 2006 // Chicago-based Hub International Limited has acquired AssurConseil, S.E.N.C., a Montreal-based insurance broker with both general lines and trucking expertise. “The 39-employee organization will add approximately...
IAG Reports Progress on China Pacific Share Acquisition
Jul 6 2006 // Insurance Australia Group Limited announced that negotiations for the acquisition of a 24.9 percent stake in China Pacific Property Insurance Co., Ltd. (CPPI) have “progressed to the stage that draft transaction...
HRH to Acquire Chicago Agency
Jul 6 2006 // Insurance broker Hilb Rogal & Hobbs Company said it has agreed to buy substantially all of the assets of Thilman & Filippini, L.L.C., a Chicago-based insurance agency and brokerage firm. With 2005 gross revenues...
N.Y.’s Tompkins Buys Kemp Agency
Jul 6 2006 // Tompkins Insurance Agencies, Inc., of Batavia, N.Y., has purchased the Kemp Agency with offices in Dansville and Nunda, according to David S. Boyce, president and chief executive officer of Tompkins Insurance. The...
Markel/IUM Acquires The Brittany Insurance Services
Jul 6 2006 // Investors Underwriting Managers Inc., The Markel Group of Companies, has added The Brittany Insurance Services Inc. to its group. The Brittany is a program administrator writing property business in California. The Markel...
ACE Sells Run-Off Reinsurance Units
Jul 5 2006 // ACE Limited has sold three run-off reinsurance subsidiaries to Randall & Quilter Investment Holdings Limited, an international insurance management firm. The agreement to sell ACE American Reinsurance Company,...
Brown & Brown Acquires Kentucky-based The Anderson Group
Jul 5 2006 // The acquisition of The Anderson Group of Owensboro, Ky., has been announced by Brown & Brown Inc. of Daytona Beach and Tampa, Fla. The announcement was made jointly by J. Scott Penny, Brown & Brown regional...
