Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
JPMORGAN CHASE SELLS LIFE AND ANNUITY BUSINESS TO PROTECTIVE LIFE
Feb 20 2006 // JPMorgan Chase & Co. has agreed to sell its life insurance and annuity underwriting business to Protective Life Corp. for about $1.2 billion in cash. JPMorgan Chase has its corporate headquarters in New York and its...
Broker acquisitions remain active; stock prices drop slightly
Feb 20 2006 // Stock Prices: After four straight months of gains in the brokerage sector, stock prices fell 1 percent during the December/January period. This is particularly notable since the sector traded up 6 percent in...
Broker acquisitions remain active; stock prices drop slightly
Feb 19 2006 // Stock Prices: After four straight months of gains in the brokerage sector, stock prices fell 1 percent during the December/January period. This is particularly notable since the sector traded up 6 percent in...
Brown & Brown of Arkansas Acquires Bill Setser Insurance of Springdale
Feb 16 2006 // Joseph “Joe” Guercio, executive vice president of Brown & Brown of Arkansas Inc.’s Little Rock, Arkansas operation, and Bill Setser, president of Bill Setser Insurance Inc. of Springdale, Arkansas,...
U.S. Risk Insurance Acquires Lighthouse Underwriters
Feb 15 2006 // U.S. Risk Insurance Group in Dallas, Tex. is acquiring Lighthouse Underwriters, LLC of Anandale, Va. Under the terms of the agreement, Lighthouse will become an operating division of U.S. Risk Insurance Group, but will...
M&T Buys Maryland’s Hess Egan
Feb 7 2006 // M&T Insurance Agency, Inc. has acquired Hess Egan Hagerty & L’Hommedieu, Inc., a commercial insurance and surety brokerage agency based in Chevy Chase, Maryland, with additional offices in Pennsylvania and...
PartnerRe Sees Q4 Net Loss of $33.6M
Feb 6 2006 // Bermuda-based PartnerRe Ltd. reported a net loss of $33.6 million, or $0.76 per share, for the fourth quarter of 2005. This net loss includes net after-tax realized gains on investments of $37.0 million or $0.66 per share....
Question is not whether to buy umbrella… but how much
Feb 6 2006 // It seems that every risk today has a big exposure, regardless of size or industry type. Some popular litigation targets include product liability, personal injury claims, false advertising and, most frequently, commercial...
Question is not whether to buy umbrella… but how much
Feb 6 2006 // It seems that every risk today has a big exposure, regardless of size or industry type. Some popular litigation targets include product liability, personal injury claims, false advertising and, most frequently, commercial...
Illinois State Pool Benefits from Hard Fought Compromise Health Funding Bill
Feb 3 2006 // Illinois’ state health insurance pool should get $5.4 million under a compromise measure Sen. Dick Durbin helped push through after negotiating a more than $1 million increase over what the original bill proposed....
Aviva Acquires 51 percent Stake in Sri Lanka’s Eagle
Feb 2 2006 // The U.K.’s Aviva plc announced that it has acquired a 51 percent stake in Eagle Insurance Limited, the third-largest insurer in Sri Lanka. Aviva also noted that its new acquisition has “entered into a...
ChoicePoint Acquires ELIOS Inc., Expands Insurance Services Offerings
Feb 2 2006 // Alpharetta, Ga.-based ChoicePoint has announced the acquisition of ELIOS Inc. a property and casualty loss payee notification company. ELIOS notifies vehicle finance companies and mortgage holders of policy coverage and...
Argonaut’s Great Central Partners with Minn. Restaurant Association
Jan 31 2006 // Great Central Insurance, a member of the Select Markets segment of San Antonio, Texas-based Argonaut Group Inc., announced it has been selected by the Minnesota Restaurant Association (MRA) to offer property and casualty...
Hallmark Completes Acquisition of Texas General Agency
Jan 31 2006 // Hallmark Financial Services Inc. announced the completion of its previously disclosed acquisition of Texas General Agency Inc. and certain affiliates. TGA is a managing general agency involved in the marketing and...
Allianz, Goldman, Amex to Acquire 10% Stake in China’s ICBC Bank
Jan 27 2006 // Germany’s Allianz Group, investment bank Goldman Sachs and American Express Company, have agreed to jointly acquire a 10 percent stake in China’s largest bank, Industrial and Commercial Bank of China Limited...
Eureko Acquires More Shares in PZU
Jan 26 2006 // Eureko, the European insurance consortium, announced that it has reached agreement to acquire an additional 4.33 percent of shares in Polish insurer Powszechny Zaklad Ubezpieczen (PZU) from Manchester Securities...
Sovereign Changing Ownership Structure; XL to Exit Joint Venture
Jan 23 2006 // Sovereign Risk Insurance Ltd., a joint venture between ACE Bermuda Insurance Ltd. and XL Insurance (Bermuda) Ltd., reported that effective Feb. 1, 2006, it is intended that the company will become wholly owned by ACE and...
Commercial lines carriers continue to impress; M&A activity up slightly
Jan 23 2006 // Stock Prices: Commercial lines stocks advanced for the second consecutive two-month period, up 5 percent for November/December, compared to a 7 percent increase in September/October. Companies continue to impress despite...
Cooper & McCloskey buys Moore Special Risk
Jan 23 2006 // Jim Moore, owner of Moore Special Risk, has sold his wholesale brokerage to Cooper & McCloskey Inc., a San Francisco-based wholesale brokerage started in 1997. The transaction was completed Jan. 1. According to Keltie...
Insurance Helps Santa Fe Museums with Art Acquisitions
Jan 23 2006 // New Mexico’s Museum of Fine Arts has acquired a 1923 Stuart Davis painting, while the private Georgia O’Keeffe Museum has announced it has acquired another O’Keeffe painting and works by eight other...
