Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
RMS Partners With China Earthquake Administration’s Institute of Engineering Mechanics to Develop China Earthquake Risk
May 16 2006 // Newark, Calif.-based Risk Management Solutions (RMS) has formed a partnership with the China Earthquake Administration scientific and engineering arm, the Institute of Engineering Mechanics (IEM). “This partnership...
Conning Research: M&A Activity May Ramp Up in 2006-2007
May 16 2006 // Insurance industry mergers and acquisitions increased in 2005 to the highest level since 2001 and may foreshadow an acceleration of activity this year and the next, according to a new study by Conning Research and...
Insurance Commissioner Urges Floridians to Buy Flood Insurance
May 15 2006 // Florida Insurance Commissioner Kevin McCarty has urged Floridians to purchase flood insurance to protect their homes. McCarty’s warning comes on the eve of the 2006 hurricane season which officially begins June...
Hub International Acquires Northwest Aviation Broker Westar
May 15 2006 // Hub International Limited has purchased Westar Insurance Managers, based in Kirkland, Washington. The company will become part of Hub International’s Seattle-based operation (HUB Northwest). Terms of the transaction...
Arthur J. Gallagher & Co. Acquires Y.S. Liedman & Assoc.
May 15 2006 // Miami, Fla.-based Y.S. Liedman & Assoc. has been acquired by Arthur J. Gallagher & Co. of Itasca, Ill. Terms of the transaction were not disclosed. Established in 1973, Y. S. Liedman & Associates offers a...
Aon Subsidiary Acquires JLT Services
May 12 2006 // Aon’s Affinity Business Expanded Through Acquisition of JLT Services Corporation Division Affinity Insurance Services Inc., a subsidiary of Aon Corp., has acquired a division of JLT Services Corporation (JLT)...
Shaw Made Partner at Agency Consultant B.H. Burke
May 11 2006 // B. H. Burke & Co., Inc., of Westbrook, Connecticut, announced that Everett W. Shaw has been made a partner and named vice president of the company. The announcement was made by Brian H. Burke, president and...
Acordia Acquires Assets of Key Insurance Agency
May 10 2006 // Acordia Inc. has acquired the assets of Key Insurance Agency LLC in Wasilla and Anchorage, Alaska. This is the Acordia’s 17th acquisition in 11 states the past three years — the second in Alaska. The...
Post Spitzer, Merger Activity Picking Up, Says Mystic Capital
May 9 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...
Beecher Carlson Acquires Cramer & Giles Insurance
May 9 2006 // Atlanta-based Beecher Carlson, an insurance brokerage and risk management consulting firmhas acquired Eugene, Ore.-based Cramer & Giles Insurance Inc., and merged it with its Portland operation, JBL&K Risk...
PartnerRe Names Mitchard Chief Information Officer
May 9 2006 // Bermuda-based PartnerRe Ltd. announced that Mike Mitchard has been appointed as Chief Information Officer. He will be replacing Werner Heiz, who is retiring from the Company. He will report to Costas Miranthis, who has...
Commercial lines insurers’ capital, M&A activity silent in first quarter
May 8 2006 // Stock Prices: Shares of commercial lines insurers were down 2 percent in the first quarter of 2006, with the exception of Ohio Casualty Corporation, whose stock traded up 12 percent. In February, Ohio Casualty announced...
Cramer & Giles Acquired by Beecher Carlson
May 5 2006 // Eugene-Oregon-based Cramer & Giles Insurance Inc. has been acquired by Beecher Carlson, an insurance brokerage and risk management consulting firm headquartered in Atlanta. Cramer & Giles has been merged with...
HUB Acquires N.Y.’s Hirsch Wolf & Co.
May 4 2006 // Hub International Limited announced the acquisition by its New York subsidiary, Hub International Northeast, of the assets of Hirsch Wolf & Co., LLC, a Brooklyn-based property and casualty insurance brokerage with...
Oswald Cos. to Acquire Mich.-based Risk and Insurance Expert
May 4 2006 // Cleveland-based Oswald Companies announced it is acquiring another longstanding Midwest market leader Poyle Associates, located in the Detroit suburbs. The Cleveland-based risk expert and insurance brokerage will now serve...
USI Holdings Acquires Pettineo Agency in Fort Lauderdale, Fla.
May 4 2006 // USI Holdings Corp. of Briarcliff Manor, N.Y. has acquired the Pettineo Insurance Agency Inc. of Fort Lauderdale, Fla. The acquisition of this personal and commercial lines broker is expected to contribute approximately...
Odyssey Investment Completes Acquisition of York Insurance Services
May 3 2006 // Odyssey Investment Partners, LLC has completed its previously announced acquisition of York Insurance Services Group, Inc. in partnership with York Chairman and Chief Executive Officer Thomas C. MacArthur, other members of...
Ohio-based The Midland Acquires Southern Pioneer Life Insurance
May 2 2006 // The Midland Company based in Ohio, announced that its wholly owned subsidiary, American Modern Insurance Group, reached an agreement to acquire all of the outstanding stock of Southern Pioneer Life Insurance...
Sage Global Solutions Inc. Signs Letter of Intent to Acquire RJC Insurance Services
May 1 2006 // Sage Global Solutions Inc., Irvine, Calif., has signed a letter of intent to acquire RJC Insurance Services, a full service commercial lines insurance agency. The mission of Sage Global is to present a full spectrum of...
St. Paul’s Securian Group Acquires CNL Financial, Effective Today
May 1 2006 // The Securian Financial Group of St. Paul, Minn. announced that its purchase of CNL Financial Corp. is complete, effective today, May 1. CNL is a Macon, Ga., based company that provides loan protection products to consumers...
