Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Report AXA in Talks with Credit Suisse to Acquire Winterthur
Jun 12 2006 // Widely circulated reports indicate that France’s AXA Group has entered into serious negotiations with Credit Suisse aimed at acquiring the bank’s Winterthur Group of insurance companies. The reports from Agence...
Apex Global Partners Names McLaughlin President and COO
Jun 7 2006 // Apex Global Partners, a Dallas-based private insurance brokerage firm providing insurance, risk management and employee benefit services to medium to large corporate clients, announced the appointment of K. Brian...
Hylant Partners with ACE Medical, Offers Liability Coverage in Ohio, Mich.
Jun 7 2006 // Hylant Group and ACE Medical Risk jointly announced today an agreement for Hylant Group to be the distributor of comprehensive physician medical liability coverage in both Ohio and Michigan. The healthcare professional...
HealthNow N.Y. Acquires Northeast Benefits Firm, Brokerage Concepts
Jun 7 2006 // HealthNow New York Inc., parent company of BlueCross BlueShield of Western New York and BlueShield of Northeastern New York, is acquiring the business and operations of and Brokerage Concepts, Inc. (BCI), a major benefits...
OIL to Buy Back $300 Million in Debt
Jun 6 2006 // Oil Insurance Limited, founded in Bermuda in 1971 by 16 energy companies, as a mutual insurance company, announced that it is offering to purchase for cash any and all of its outstanding $300 million aggregate principal...
BNC Insurance Services Acquires T.M. Richards & Associates
Jun 6 2006 // Phoenix-based BNC Insurance Services Inc., a subsidiary of BNC National Bank and its parent company, BNCCORP Inc. has acquired the assets of T.M. Richards & Associates. The total consideration paid in the acquisition...
Markel, American Camp Association Partner to Study Camp Safety
Jun 6 2006 // The American Camp Association, in conjunction with Markel Insurance Company, will conduct a comprehensive study on illnesses and injuries at camp. The Healthy Camp study will gather illness and injury data from camps...
American Physicians Service Group Acquires Medical Malpractice Partner
Jun 6 2006 // Austin, Texas-based American Physicians Service Group Inc. announced the planned acquisition of its long-time client, American Physicians Insurance Exchange. The companies anticipate completing the merger prior to the end...
M. J. Kelly Company Acquires Fort Worth’s Russell Grace
Jun 5 2006 // The Arkansas division of M. J. Kelly Company, an insurance brokerage firm headquartered in Springfield, Mo., announced that it executed an agreement to purchase certain assets of Russell Grace Inc., Fort Worth,...
Post Spitzer, merger activity picking up
Jun 5 2006 // Last year wasn’t the busiest year for mergers and acquisitions, but as concerns over various probes of the insurance industry fade, activity is picking up, according to Kevin Donoghue, of Mystic Capital Advisors...
Euler Hermes “Studying” Acquisition of Allianz Ireland Credit Insurance
Jun 2 2006 // Global trade credit insurer Euler Hermes is studying the acquisition of Allianz Ireland’s credit insurance activities, which have an annual turnover of around €10 million ($12.2815 million) with a 45 percent share...
Great American Financial to Acquire Medical Business of Ceres Group
May 31 2006 // Cincinnati-based Great American Financial Resources, Inc. has announced that GAFRI has entered into an agreement with American Enterprise Mutual Holding Company through its affiliated companies whereby American Enterprise...
Ohio-based International Excess Acquires WSIB Motorsports Insurance
May 31 2006 // Cleveland, Ohio-based International Excess Companies has announced the acquisition of WSIB Motorsports Insurance of Indianapolis, Ind., effective March 1, 2006. With offices in Indianapolis, as well as in the states of...
National Insurance Partners Launches Agency Partnering Strategy
May 26 2006 // Texas-based property and casualty brokerage firm National Insurance Partners (NIP) announced the launch of an acquisition and partnering plan. The company’s announcement follows the completion of a private equity...
Praetorian to Acquire Surplus Lines Insurer Alea North Ammerica
May 26 2006 // Specialty insurer Praetorian Financial Group said it has agreed to acquire Alea North America Specialty Insurance Company (ANASIC), an affiliate of Alea Group Holdings (Bermuda) Ltd of Hamilton, Bermuda. ANASIC is a...
Liberty International to Buy Quanta’s Environmental Liability Renewals
May 26 2006 // Liberty International Underwriters, a division of Liberty Mutual Group,- has reached an agreement to acquire the renewal rights to Quanta U.S. Holdings Inc.’s environmental liability business. Terms of the...
S&P Affirms PartnerRe Ratings; Revises Outlook to Negative
May 25 2006 // Standard & Poor’s Ratings Services has affirmed its “A” counterparty credit rating on Bermuda-based reinsurer PartnerRe Ltd. (PRE), its “AA-” counterparty credit and financial strength...
Brown & Brown Announce the Asset Acquisition of Ideal Insurance Agency
May 24 2006 // Florida-based Brown & Brown Inc. recently announced the asset acquisition of Ideal Insurance Agency, Inc. Making the annoucement through a written statement were J. Powell Brown, regional executive vice president,...
Berkshire Hathaway Completes Acquisition of Applied Underwriters
May 23 2006 // Berkshire Hathaway said it has completed its acquisition of Applied Underwriters, an integrated workers’ compensation service firm — and all of its subsidiaries including its North American Casualty insurance...
POST SPITZER, MERGER ACTIVITY PICKING UP, SAYS MYSTIC CAPITAL
May 22 2006 // Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue,...
