Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
New Jersey’s ProTrans Acquires Midwest-based WSIB Insurance
Apr 11 2006 // Insurance broker ProTrans Inc., a member of New Jersey-based Capacity Group of Companies, announced an agreement to acquire WSIB Motorsports Insurance of Indianapolis, Ind., effective March 21, 2006. With offices in...
First Bank of Mo. Acquires Adrian N. Baker & Co.
Apr 7 2006 // First Bank, a Mo. state chartered bank and wholly owned subsidiary of First Banks, Inc. headquartered in St. Louis, Mo., and Adrian N. Baker & Company, a Del.corporation, jointly announced the signing of a Stock...
NBIS Acquires Special Risk Services
Apr 6 2006 // NBIS, the exclusive underwriting manager for ProBuilders Specialty Insurance Company, RRG, has acquired Special Risk Services Group LLC. (SRS), a Chicago based specialty program underwriter. SRS is an experienced insurance...
Smith Joins Willis M&A Dept.
Apr 5 2006 // Global insurance broker Willis Group Holdings announced from its London headquarters that Doug Smith has been appointed as Non Executive Deputy Chairman of its rapidly expanding Mergers and Acquisitions (M&A)...
American Motorcycle Assn. and Nationwide Form Partnership
Apr 5 2006 // The American Motorcyclist Association and Columbus-Ohio-based Nationwide Mutual Insurance Company have announced a new partnership. The new affiliation makes Nationwide the AMA’s “Motorcycle Insurer of...
Illinois-based Arthur J. Gallagher Acquires Sobieski & Bradley, Inc.
Apr 5 2006 // Chicago-based Arthur J. Gallagher & Co. announced the acquisition of Sobieski & Bradley, Inc. of Salt Lake City, Utah. Terms of the transaction were not disclosed. Formed in 1987, Sobieski & Bradley, Inc. is...
ING Canada Acquires Largest Member in Grey Power Network
Apr 4 2006 // ING Canada announced the acquisition of Grey Power Insurance Brokers Inc. (GPIBI) of Stouffville, Ontario. GPIBI is the largest member in the Grey Power network, accounting for about 50 per cent of its business volume. The...
Hub Closes on Acquisition of 3 Mass. Agencies from Citizens Financial
Apr 4 2006 // Hub International Limited has closed its acquisition of three Massachusetts insurance brokerages of Citizens Financial Group, Inc. . As part of the transaction, Hub also entered into a previously announced strategic...
Assurex Global Adds New Partners in Europe and Pacific Rim
Apr 4 2006 // Columbus, Ohio-based Assurex Global has added new partners in Australia, Switzerland and Austria. OAMPS Insurance Brokers, Ltd. in Australia; GWP Insurance Brokers in Switzerland; and Assurance Partners Versicherungsmakler...
Katrina not enough to cause many homeowners to buy flood coverage
Apr 3 2006 // Despite Hurricane Katrina’s devastation, a new survey says that most Americans are not very concerned about buying flood insurance for their homes. Only 14 percent of Americans say they have purchased flood insurance...
Louisiana, Texas look to bonds for cat funding
Apr 3 2006 // With record hurricane losses in back to back seasons, states along the U.S. Gulf Coast are aiming to boost reserves for their insurers of last resort through the issuance of catastrophe bonds. Louisiana is hard at work...
Katrina not enough to cause many homeowners to buy flood coverage
Apr 3 2006 // Despite Hurricane Katrina’s devastation, a new survey says that most Americans are not very concerned about buying flood insurance for their homes. Only 14 percent of Americans say they have purchased flood insurance...
St. Louis, Mo.’s First Bank to Acquire Adrian N. Baker & Co.
Mar 31 2006 // First Bank, a Missouri state chartered bank and wholly owned subsidiary of First Banks Inc. headquartered in St. Louis, Missouri, and Clayton, Mo.-based insurance brokerage Adrian N. Baker & Company, announced that...
Western National Announces Merger with Farmers Home Group
Mar 30 2006 // Western National Insurance Group, based in Edina, Minn., will form an affiliation with Farmers Home Group of Bloomington, Minn. The Boards of Directors of the respective companies approved the transaction at meetings this...
Summit Insurance Sells Health Business to Medical Mutual of Ohio
Mar 30 2006 // Summit Insurance Company has signed a definitive agreement to sell its health insurance business to Medical Mutual of Ohio, it announced this week. The agreement, to take effect May 1, 2006, means the transfer of...
Okla. House Ends Contentious Firefighter Funding Feud
Mar 30 2006 // Without debate, the Oklahoma House passed an $8.9 million firefighter funding bill March 28 but may not have put to rest the political feud over how to replenish rural volunteer fire department budgets and equipment...
BrightClaim Acquires ServiceLane, Forms BrightServ Entity
Mar 27 2006 // Atlanta based BrightClaim Inc., a leading provider of integrated claims solutions, has acquired Dallas-based ServiceLane, a firm focused on providing large service organizations with business process outsourcing and...
Insurers Report Progress on Asbestos Liabilities Funding, Says A.M. Best
Mar 27 2006 // During 2004, U.S. property/casualty insurers narrowed the funding gap in their asbestos and environmental loss reserves, principally for asbestos liabilities, as a result of 2004’s pretax charge of nearly $6 billion,...
La. Commissioner Working to Generate Cat Bond Funding for State
Mar 23 2006 // The Louisiana Department of Insurance reported that Commissioner of Insurance Jim Donelon was invited to meet with the nation’s largest bond insurers and bond rating agencies in New York recently in a continued...
McQueary Henry Bowles Troy Partner Receives Excellence Awards
Mar 22 2006 // Privately owned insurance and risk management firm McQueary Henry Bowles Troy L.L.P., based in Dallas, announced that Patrick Arthur, partner, recently received two prestigious awards: MHBT 2005 Producer of the Year for...