Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
S&P Survey of Australia NZ Market Notes M&A Activity; Rating Changes
Jan 16 2006 // Standard & Poor’s Ratings Services has issued a report which notes: “Rating actions picked up noticeably in Australia and New Zealand in 2005, as merger and acquisition (M&A) activity intensified and...
Ala. County Commissioners Threatened, Reverse Vote to Buy Terrorist Insurance
Jan 12 2006 // Two weeks after voting to spend $7,000 a year for terrorism insurance, commissioners in a rural Alabama county have responded to a more immediate threat: angry voters. The Clarke County Commission has voted unanimously to...
Grange Insurance Group Partners with Identity Theft911
Jan 12 2006 // The Seattle-based Grange Insurance Group has partnered with Identity Theft 911 LLC to provide free identity theft resolution services to its homeowner and farmowner policyholders. Identity Theft 911 also will assist...
PGI Commercial Partnership to Serve Habitational Risks
Jan 11 2006 // PGI Commercial, a provider of property and casualty insurance programs based in Morristown, N.J., has formed new partnerships in order to provide habitational insurance programs. PGI’s new partners, Sirius America...
St. Paul Travelers, ICBA Partner to Offer Identity Theft Insurance
Jan 11 2006 // St. Paul Travelers, a provider of property casualty insurance, and the Independent Community Bankers of America (ICBA) are now offering ICBA member banks access to coverage, where approved, to assist identity theft victims...
Conn. Senate Democrats Eye Merger of Insurance and Banking Agencies
Jan 11 2006 // Senate Democratic leaders in Hartford have proposed several changes in state law they say will make Connecticut more business friendly. The proposals include merging the insurance and banking departments to “better...
Vietnam’s BIDV Bank to Acquire QBE’s Insurance Co. Stake
Jan 9 2006 // The Bank for Investment and Development of Vietnam (BIDV) has reportedly agreed to purchase all the stock held by Australia’s QBE Insurance Group in their joint-venture insurance company. As reported by Asia Pulse on...
S&P, Swiss Re Predict More Securitization, M&A’s in Life Market
Jan 9 2006 // It’s hard to get anything close to a consensus from financial analysts, but one forecast seems to be gaining almost universal credibility. The life sector is set for further consolidation in 2006. This appears to be...
Okla. Senate Sub-Committee to Hold Hearing on Rural Fire Department Funding Needs
Jan 9 2006 // The Oklahoma Senate Appropriations Sub-Committee on Natural Resources and Regulatory Services will hold a hearing Jan. 12, 2006, on the funding needs of rural fire departments in Oklahoma in the wake of the wildfires that...
Duncan, Fraser & Bridges Acquires Amarillo, Texas-based Agency
Jan 9 2006 // Duncan, Fraser & Bridges Insurance Agency Inc., a member of Combined Agents of America, LLC (CAA), announced it has purchased Amarillo, Texas-based independent insurance agency, Edmond, Deaton & Stephens....
Hallmark Acquires Aerospace Holdings
Jan 4 2006 // Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its previously disclosed acquisition of Aerospace Holdings LLC. According to Hallmark, Aerospace Holdings, through Aerospace Insurance Managers Inc....
American National Bank Acquires Dallas-based Independent Agency Sleeper, Sewell
Jan 4 2006 // The American National Bank of Texas of Terrell, Texas, has acquired Dallas-based insurance agency Sleeper, Sewell & Company. Terms of the transaction were not announced. Led by President and CEO Robert A. Hulsey,...
Analysts Predict Surge in Insurance Company Mergers in 2006
Jan 4 2006 // Analysts are predicting that 2006 could be the big one in terms of new mergers by insurers. Not that 2005 was lean on mergers and acquisitions. Some of the top companies that made the move were notably MetLife...
Brown & Brown Completes Axiom Intermediaries Acquisition
Jan 4 2006 // The acquisition of the assets of Axiom Intermediaries LLC of Stony Creek, N.C. has been completed by Brown & Brown Inc. of Daytona Beach, Fla. Axiom Intermediaries, with approximately $14.0 million in annualized...
WellPoint and WellChoice Complete Major Merger
Jan 3 2006 // WellPoint, Inc. and WellChoice, Inc. have completed their merger that they first announced on Sept. 27, 2005. The value of the transaction at that time was estimated to be $6.5 billion. “Our focus as a combined...
Jacobs Financial Group Acquires West Virginia Fire and Casualty Co.
Jan 3 2006 // Jacobs Financial Group Inc. has acquired all of the issued and outstanding stock of West Virginia Fire and Casualty Company (WVFCC) from The Celina Mutual Insurance Company (Celina) of Celina, Ohio. The transaction had...
TD Banknorth Acquires Me.’s Boothby & Bartlett Agency
Jan 2 2006 // TD Banknorth Inc. has finalized its acquisition of the business of Boothby & Bartlett Company, a 145-year old Central Maine insurance agency in Waterville, through its insurance subsidiary, TD Banknorth Insurance...
Brokers continue to gain; M&A activity remains steady
Jan 2 2006 // Stock Prices: Insurance brokers continued to experience gains in their stock prices in October and November. The median increase was 6 percent compared to a 10 percent increase for the August and September period. With the...
Brokers continue to gain; M&A activity remains steady
Jan 1 2006 // Stock Prices: Insurance brokers continued to experience gains in their stock prices in October and November. The median increase was 6 percent compared to a 10 percent increase for the August and September period. With the...
Allianz Moves Ahead with RAS Merger
Dec 30 2005 // German’s Allianz AG has released a series of documents in furtherance of its plans to merge its German and Italian operations into one European Group. As announced last September (See IJ Website Sept. 13) Allianz...
