Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
To acquire or be acquired–that is the question
Mar 20 2006 // Independent retail insurance agencies looking to grow through acquisition had better have a good plan in place if they want to run with the big dogs–those big dogs being the banks, the large public brokers and the...
Fort Dearborn Life to Acquire Highmark Life Insurance Company
Mar 20 2006 // Chicago-based Fort Dearborn Life Insurance Company, a subsidiary of Health Care Service Corporation., a Mutual Legal Reserve Company, has announced its intent to acquire the life and disability business of Highmark Life...
AIG Acquires Travel Guard
Mar 20 2006 // American International Group Inc. (AIG) announced that a wholly-owned subsidiary company is acquiring Travel Guard International, a national provider of travel insurance programs and emergency travel assistance, from the...
St. Paul Travelers Denies Merger Discussions with Zurich
Mar 19 2006 // Saint Paul, Minn.-based The St. Paul Travelers Companies Inc. announced on Sunday that recent media reports, including a Wall Street Journal article that claimed the company was in discussions with Zurich Financial...
AMS Acquires FinancePro; Launches Premium Finance Network
Mar 16 2006 // AMS Services has acquired FinancePro, a developer of Web-based premium finance solutions based in Issaquah, Wash. FinancePro provides premium finance loan management and agent quoting capabilities and is currently in use...
London Asia Capital Unveils Mongolian Joint Venture
Mar 7 2006 // London Asia Capital PLC, a U.K.-based investment and merchant banking group focusing on “Greater China,” announced creation of London Asia Capital Mongolia Ltd., a 60/40 joint venture with Capitron Bank of...
Oklahoma City’s North American Group Acquires Davis Duke
Mar 6 2006 // North American Group reported it has purchased Oklahoma City, Okla.-based Davis Duke & Co. Insurance Agency. The employees of Davis Duke have relocated to the North American Group’s Oklahoma City...
Xinhua Finance to Acquire Chinese Risk Manager Beijing Alpha
Mar 3 2006 // Xinhua Finance Limited, China’s foremost financial information and media provider, announced that it has signed an agreement to acquire Beijing Alpha Financial Engineering Company, one of the country’s leading...
Assurex Global Adds Trio of North American Agencies to Group of Partners
Mar 1 2006 // Three North American insurance agencies recently were accepted into the international partnership ranks of Assurex Global, a privately held insurance, risk management and employee benefits brokerage group. The newest...
Xchanging Announces $13 Million Partnership with Microsoft
Feb 27 2006 // Xchanging, the U.K.-based global business processing services company, has announced a 3-year, £7.5 million ($13 million) investment program and a partnership with Microsoft in the continuing development of Genius, its...
Aetna Buys Broadspire Disability Business, Aiding Cross-Sell Strategy
Feb 27 2006 // Aetna has agreed to acquire the disability business of Broadspire, a privately-held provider of disability and casualty claim management services, for approximately $160 million. Broadspire’s disability business...
Navigators to Acquire D&O, EPL Portfolio from Genesis
Feb 27 2006 // Navigators Management Company Inc., a subsidiary of The Navigators Group Inc. has signed a definitive agreement to acquire the renewal rights to the directors’ and officers’ liability and employment practices...
Espirito Santo, Credit Agricole Strengthen Portuguese Partnership
Feb 21 2006 // Portugal’s Espirito Santo Financial Group S.A. (ESFG) and France’s Credit Agricole S.A. (CASA) announced that they have agreed that CASA will acquire 50 percent of the capital and have management control of the...
Tax Liabilities Present a Growing Threat to U.K. M&A Market, Study Says
Feb 21 2006 // Issues relating to taxation are the biggest cause of Warranty and Indemnity (W&I) claims in the UK according to latest research from Aon Limited. The firm analysed the W&I deals underwritten between 1990 to 2002,...
Illinois state pool benefits from hard fought compromise health funding bill
Feb 20 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....
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...
