Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Hendricks Holding Buys Gateway Insurance of St. Louis
Nov 8 2005 // Hendricks Holding Company, Inc., has entered into an agreement to buy the stock of the holding company which owns Gateway Insurance Company in St. Louis, Mo. Gateway Insurance Company, which provides non-standard private...
Mercury Insurance Group Partners with Employees, Helps Hurricane Victims
Nov 3 2005 // California-based Mercury Insurance Group has donated $110,000 to the Red Cross Hurricane Relief Fund, it was announced by the company’s President and Chief Operating Officer, Gabriel Tirador. Matching its...
Brown & Brown Acquires Timothy R. Downey Insurance
Nov 1 2005 // The acquisition of Timothy R. Downey Insurance Inc., dba. Downey Insurance of Kokomo, Ind. has been jointly announced by Jim W. Henderson, Brown & Brown Inc. president and CEO and Timothy R. Downey, Downey Insurance...
Best Affirms PartnerRe S.A. Ratings
Oct 28 2005 // Along with affirming the parent company’s ratings (See previous article), A.M. Best Co. announced that it has affirmed the financial strength rating of “A+†(Superior) and the issuer credit rating of...
Best Affirms PartnerRe Ratings; Removes From Under Review
Oct 28 2005 // A.M. Best Co. joined S&P and Fitch (See IJ Website Oct. 26 and 27) in affirming the financial strength rating (FSR) of “A+†(Superior) and issuer credit rating (ICR) of “aa-” of the reinsurance...
S&P Affirms PartnerRe ‘A’ Ratings
Oct 27 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit rating on Bermuda-based reinsurer PartnerRe Ltd. (PRE). S&P also affirmed its “AA-”...
Berkshire Bank Acquires 2 Western Mass. Agencies
Oct 27 2005 // Berkshire Insurance Group, Inc., a wholly-owned subsidiary of Berkshire Hills Bancorp, Inc. in Pittsfield, Mass., has acquired the business and assets of each of MacDonald & Johnson, Inc., a full-service property and...
PartnerRe Estimates Wilma Claims
Oct 26 2005 // Bermuda’s PartnerRe Ltd. has given the first estimations of its expected claims relating to Hurricane Wilma, following the hurricane’s passage through Mexico and south Florida over the last week. The estimates...
