Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 5 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood...
HALLMARK FINANCIAL TO ACQUIRE TGA
Dec 5 2005 // Hallmark Financial Services Inc. recently reported that it plans to acquire Texas General Agency Inc. and certain affiliates. TGA is a managing general agency that markets and services property and casualty insurance...
Agent-Carrier Partnerships Need Goal Clarity and Exit Strategy, Not Love
Dec 4 2005 // The carrier executive tried to pin down agents on what they wanted from their insurers. Among the vague responses of exclusivity, underwriting authority, respect and long-term relationships, one complaint stood...
Swiss Re to Acquire GE Insurance Solutions for $6.8 Billion
Dec 4 2005 // In retrospect, the name GE Insurance Solutions (principal operating company Employers Re or ERC)-seems prophetic. Almost from the day that Jeffrey Immelt took over the reins at GE from its long-time CEO Jack Welch he began...
Consolidated Services Group Acquires N.J.’s CHN Solutions
Dec 4 2005 // Consolidated Services Group, Inc., a Pennsylvania-based provider of property and casualty medical claims management services, has acquired CHN Solutions from Selective Insurance Group, Inc. for $16 million. CHN Solutions...
HCC Closes Acquisition of Perico
Dec 2 2005 // Houston-based HCC Insurance Holdings Inc. reported it has closed the recently announced acquisition of Perico Ltd., an insurance underwriting agency headquartered in St. Louis, Mo. Perico has been in business since 1988...
Brown & Brown Acquires de Arrieta Insurance Agency
Dec 2 2005 // The acquisition of de Arrieta Insurance Agency Inc. with offices in Carson City and Elko, Nev. has been announced jointly by Kenneth D. Kirk, Brown & Brown Inc.’s regional executive vice president, and James A....
South Financial Group Acquires Lossing Insurance Agency of Ocala, Fla.
Dec 2 2005 // The Lossing Insurance Agency, an independent agency based in Ocala, Fla. has been acquired by the South Financial Group Inc. of Greenville, S.C. Terms of the transaction were not disclosed. The acquisition gives The South...
Health Insurers Appeal Maine Universal Health Plan Funding
Nov 30 2005 // A health insurance industry group this week appealed a state regulatory decision that provides a critical source of funding for Maine’s Dirigo universal health insurance program. The Maine Association of Health Plans...
Integro Buys Lloyd’s Broker Humphreys, Haggas, Sutton
Nov 24 2005 // Integro Ltd. announced the acquisition of Humphreys, Haggas, Sutton & Co. Ltd. (HHS), a Lloyd’s broker founded in 1994 by its three principals, Toby Humphreys, Simon Haggas and John Sutton. “This...
Willis Acquires Peru Broker, Brazil Benefits Provider
Nov 22 2005 // Willis Group Holdings announced two acquisitions aimed at strengthening the international broker’s presence in the Latin American market. Willis has acquired both JH Asesores y Corredores de Seguros S.A. (JHA), a...
Alea Sells Renewal Rights of U.S. Primary Program Business
Nov 22 2005 // Bermuda-based Alea Group Holdings Ltd. has announced that it has entered into an agreement to sell the renewal rights to certain portions of its U.S. primary program business written by Alea Alternative Risk (AAR) to...
General Electric Exits Insurance; Sells Insurance Solutions, Employers Re to Swiss Re
Nov 18 2005 // General Electric has agreed to sell most of its Insurance Solutions business, including Employers Reinsurance Corp., to Swiss Re for $6.8 billion. It will retain some life insurance business. The transaction is subject to...
BB&T to Acquire N.J. Investment Firm
Nov 16 2005 // BB&T Corporation in Winston-Salem, N.C. said it would acquire brokerage and investment banking firm Bergen Capital Inc. Bergen Capital will become part of Richmond, Va.-based Scott & Stringfellow, a wholly owned...
Hallmark Financial Services to Acquire Texas General Agency
Nov 15 2005 // Hallmark Financial Services Inc. announced it has executed a definitive agreement to acquire Texas General Agency Inc. and certain affiliates. TGA is a managing general agency involved in the marketing and servicing of...
Matrix Absence Management INC. announces strategic partnership with TechHealth, Inc.
Nov 14 2005 // San Jose, CA – Matrix Absence Management Inc., one of the nation’s leading integrated claims services firms, today announced a strategic alliance with TechHealth, a nationwide specialty network for ancillary...
PXRE Acquires $300 Million Cat Bond Backup Reinsurance
Nov 10 2005 // It may be a case of locking the barn door after the horse has gone (see following article), but Bermuda-based PXRE has taken a significant step to protect itself “from extreme catastrophe losses arising from...
HCC to Acquire Perico
Nov 10 2005 // HCC Insurance Holdings Inc., headquartered in Houston, Texas, announced it has reached an agreement to acquire Missouri-based Perico Ltd. for an undisclosed consideration consisting of cash and HCC shares. The transaction...
Talanx in Talks to Acquire Gerling’s Primary Operations; S&P, Best Place Ratings Under Review
Nov 9 2005 // Germany’s Talanx AG, which among other interests holds a 51 percent stake in Hannover Re (and consequently Clarendon in the U.S.), is currently in “advanced talks” to acquire the Gerling Group’s...
N.Y.’s Adirondack Bank Buys Clients First Agency of Ballston Lake
Nov 9 2005 // Adirondack Trust Co. in Saratoga Springs, N.Y. has acquired Clients First Insurance Agency Inc. of Ballston Lake. This bank has now owns three agencies, having previously acquired Wise Financial Services of Saratoga...
