Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Tokio Marine to Acquire Majority Stake in Asia General
Apr 20 2006 // Tokio Marine & Nichido Fire Insurance Co., Ltd., subsidiaries of Japan’s largest insurer (by net premiums written), Millea Holdings, Inc., announced that they have reached an agreement with shareholders holding...
Insurer Sells Chatham Bars Inn on Cape Cod
Apr 20 2006 // American Financial Group, Inc.’s subsidiary, Great American Financial Resources, Inc., has reached an agreement to sell Chatham Bars Inn, its resort-hotel property located on Cape Cod, Massachusetts, for $166...
Professional Insurance Agents of N.C. Acquires Associated Agencies
Apr 20 2006 // A small agents’ association, Associated Agencies, based in Aberdeen, N.C., has been acquired by the Professional Insurance Agents of North Carolina. Associated Agencies was formed in the 1980s by Jimmy...
Acordia Acquires Calif. Broker Brodie
Apr 18 2006 //
TD Banknorth Continues Expansion in N.J. with Interchange Acquisition
Apr 17 2006 // TD Banknorth Inc., headquartered in Portland, Maine, is acquiring Interchange Financial Services Corporation for $480.6 million in an all cash transaction. Headquartered in Saddle Brook, New Jersey, Interchange had $1.6...
Acquiring minds want to know how even smaller firms can buy agencies
Apr 17 2006 // Small to mid-sized retail independent 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...
Mergers and Acquisitions
Apr 17 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 regional...
Mergers and Acquisitions
Apr 17 2006 // The answer is – to succeed at either one, preparation is the key 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...
CBIZ Acquires Burnham, Colman, Kaelin and Walker Insurance Agency
Apr 12 2006 // CBIZ, Inc. today announced that it has acquired Burnham, Colman, Kaelin & Walker of St. Joseph, Mo. effective April 1, 2006. Originally founded in 1899 and with offices in St. Joseph and Kansas City, BCK&W is an...
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...
