Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
IAG Acquires New Lloyd’s MA – Specialist Asian Insurer
Jun 15 2006 // Insurance Australia Group Limited (IAG) announced that it has acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Limited, to “support the development and management...
Beazley Buys Out Asia Pacific Underwriting Agency
Jun 15 2006 // Beazley Group plc has increased its stake to 100 percent in Asia Pacific Underwriting Agency Limited (APUA), a Hong Kong based insurance underwriting agency, that sources business throughout Asia from insurance...
Bollinger Acquires 2 More N.J. Agencies, Hopgood and Windsor
Jun 15 2006 // Bollinger, Inc., a national privately held insurance broker, has acquired Windsor Benefit Consultants, Inc. and James E. Hopgood & Associates of Denville, N.J. Both firms’ employees will relocate to...
Hull & Co. Acquires Assets of Excess & Surplus Lines Insurance Brokers
Jun 14 2006 // Hull & Co.Inc. has acquired the assets of Excess and Surplus Lines Insurance Brokers Inc., located in Sherman Oaks, Calif., with revenue of approximately $2 million. “This is a great acquisition for us as it...
Best, Fitch Comment on Swiss Re’s Ratings Following GEIS Acquisition
Jun 13 2006 // A.M. Best Co. and Fitch Ratings have both issued statements concerning their ratings on the Swiss Re Group and its subsidiaries following the closure of the acquisition of GEIS and related entities (See IJ Website June...
CIMA Companies Acquire ENI Insurance Services
Jun 13 2006 // The CIMA Companies, Inc. (www.cimaworld.com), the Alexandria, VA-based insurance broker and risk management firm, has acquired ENI Insurance Services of Havre de Grace, MD. ENI’s commercial and personal insurance...
Swiss Re Completes GEIS Acquisition
Jun 12 2006 // Swiss Re and General Electric have announced the completion of the sale of GE’s reinsurance business, GE Insurance Solutions, including Employers Reinsurance Corp. (ERC), to Swiss Re for between $7.4 billion,...
Report AXA in Talks with Credit Suisse to Acquire Winterthur
Jun 12 2006 // Widely circulated reports indicate that France’s AXA Group has entered into serious negotiations with Credit Suisse aimed at acquiring the bank’s Winterthur Group of insurance companies. The reports from Agence...
Apex Global Partners Names McLaughlin President and COO
Jun 7 2006 // Apex Global Partners, a Dallas-based private insurance brokerage firm providing insurance, risk management and employee benefit services to medium to large corporate clients, announced the appointment of K. Brian...
Hylant Partners with ACE Medical, Offers Liability Coverage in Ohio, Mich.
Jun 7 2006 // Hylant Group and ACE Medical Risk jointly announced today an agreement for Hylant Group to be the distributor of comprehensive physician medical liability coverage in both Ohio and Michigan. The healthcare professional...
HealthNow N.Y. Acquires Northeast Benefits Firm, Brokerage Concepts
Jun 7 2006 // HealthNow New York Inc., parent company of BlueCross BlueShield of Western New York and BlueShield of Northeastern New York, is acquiring the business and operations of and Brokerage Concepts, Inc. (BCI), a major benefits...
OIL to Buy Back $300 Million in Debt
Jun 6 2006 // Oil Insurance Limited, founded in Bermuda in 1971 by 16 energy companies, as a mutual insurance company, announced that it is offering to purchase for cash any and all of its outstanding $300 million aggregate principal...
BNC Insurance Services Acquires T.M. Richards & Associates
Jun 6 2006 // Phoenix-based BNC Insurance Services Inc., a subsidiary of BNC National Bank and its parent company, BNCCORP Inc. has acquired the assets of T.M. Richards & Associates. The total consideration paid in the acquisition...
Markel, American Camp Association Partner to Study Camp Safety
Jun 6 2006 // The American Camp Association, in conjunction with Markel Insurance Company, will conduct a comprehensive study on illnesses and injuries at camp. The Healthy Camp study will gather illness and injury data from camps...
American Physicians Service Group Acquires Medical Malpractice Partner
Jun 6 2006 // Austin, Texas-based American Physicians Service Group Inc. announced the planned acquisition of its long-time client, American Physicians Insurance Exchange. The companies anticipate completing the merger prior to the end...
M. J. Kelly Company Acquires Fort Worth’s Russell Grace
Jun 5 2006 // The Arkansas division of M. J. Kelly Company, an insurance brokerage firm headquartered in Springfield, Mo., announced that it executed an agreement to purchase certain assets of Russell Grace Inc., Fort Worth,...
Post Spitzer, merger activity picking up
Jun 5 2006 // Last year wasn’t the busiest year for mergers and acquisitions, but as concerns over various probes of the insurance industry fade, activity is picking up, according to Kevin Donoghue, of Mystic Capital Advisors...
Euler Hermes “Studying” Acquisition of Allianz Ireland Credit Insurance
Jun 2 2006 // Global trade credit insurer Euler Hermes is studying the acquisition of Allianz Ireland’s credit insurance activities, which have an annual turnover of around €10 million ($12.2815 million) with a 45 percent share...
Great American Financial to Acquire Medical Business of Ceres Group
May 31 2006 // Cincinnati-based Great American Financial Resources, Inc. has announced that GAFRI has entered into an agreement with American Enterprise Mutual Holding Company through its affiliated companies whereby American Enterprise...
Ohio-based International Excess Acquires WSIB Motorsports Insurance
May 31 2006 // Cleveland, Ohio-based International Excess Companies has announced the acquisition of WSIB Motorsports Insurance of Indianapolis, Ind., effective March 1, 2006. With offices in Indianapolis, as well as in the states of...
