Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
CNinsure Acquires 60% Stake in Liaoning Gena
Mar 4 2008 // Chinese independent broker CNinsure Inc. announced the acquisition of a 60 percent stake in Liaoning Gena Insurance Agency Co., Ltd., thereby extending its market presence to Liaoning Province in northeast China. Earlier...
Argo Group’s Trident Buys New England’s Massamont Agency
Mar 4 2008 // Trident Insurance Services, a unit of specialty insurer Argo Group International Holdings Ltd., reports it has acquired Massachusetts-based Massamont Insurance Agency, Inc., which specializes in insurance programs for...
Wells Fargo Acquires Insurance Brokers of America in St. Louis
Feb 28 2008 // Wells Fargo Insurance Services, Inc., a bank-owned insurance brokerage and a subsidiary of Wells Fargo & Co., reports it has acquired St. Louis-based Insurance Brokers of America (IBA). IBA partners Robert Concannon,...
Public Broker Stocks Down in Dec. as 2007 Closes With 205 M&A Deals
Feb 24 2008 // Stock Prices: Brokerage stocks mimicked the overall uneasiness of the stock market during January. Hilb Rogal & Hobbs (NYSE:HRH) traded down 11.2 percent while Arthur J. Gallagher traded up 5 percent. Overall the...
For Anglo-Dutch Reed, Insurance is ‘Jewel’ in Acquisition of ChoicePoint
Feb 21 2008 // Reed Elsevier announced the acquisition of U.S. risk-management business ChoicePoint Inc for $4.1 billion, including debt, and said it would intensify a cost-saving drive and sell an advertising-dependent information...
Meadowbrook to Acquire Specialty Insurer ProCentury in $273M Deal
Feb 21 2008 // Michigan-based Meadowbrook Insurance Group, Inc. reported it will acquire ProCentury Corp. in a transaction valued at approximately $272.6 million in cash and stock to be paid to ProCentury shareholders. Under the terms of...
Arthur J. Gallagher Acquires Houston-based Leicht General Agency
Feb 20 2008 // Ill.-based Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services Inc., acquired Leicht General Agency, headquartered in Houston. Terms of the transaction were not disclosed. Established in...
Rating Agencies React to AXA’s Acquisition of ING Seguros
Feb 19 2008 // A.M. Best Co. and Standard & Poor’s Ratings Services have taken slightly different views of France’s AXA Group’s agreement to purchase 100 percent of the share capital of the ING Group’s...
Conn. to Hold Hearing on PXRE Acquisition
Feb 19 2008 // The Connecticut Insurance Department said it will hold a public hearing later this month on the proposed acquisition of PXRE Reinsurance Co. by U.K.-based Tawa. Tawa announced the plans to acquire the company from...
Arthur J. Gallagher Acquired Utah’s Taylor Benefits
Feb 19 2008 // Arthur J. Gallagher & Co. acquired Taylor Benefits located in Holladay, Utah. Terms of the transaction were not disclosed. Doug Taylor and his associates will continue to operate in their current location under the...
Republic Companies Acquires Ariz.-based General Agency
Feb 11 2008 // Dallas-based Republic Companies Inc. (Republic) announced the acquisition of Four Corners Insurance Services Inc. (Four Corners), a general agency based in Phoenix, Ariz. Republic reported that Four Corners specializes in...
Flood-damaged Southeastern Minn. Receives $77 Million in State Funding
Feb 8 2008 // State officials say southeastern Minnesota has received more than $77 million in state aid to help the area recover from last August’s devastating flooding. The money received so far is part of a $157 million...
Royal & SunAlliance Acquires Broker Fyfe Group
Feb 7 2008 // The UK’s Royal & Sun Alliance Insurance Group plc has acquired the Fyfe Group, a UK retail and wholesale intermediary specializing in motor trade products for small businesses. “In 2007 it delivered £10.1...
AXA to Buy Out Turkish Partner
Feb 7 2008 // France’s AXA Group announced that it has entered into an agreement to acquire its Turkish partner OYAK’s fifty percent share in AXA OYAK Holding A.S., a company they established jointly in 1999. AXA said it...
Mississippi’s BancorpSouth Acquires Texas Insurance Company
Feb 6 2008 // Tupelo, Miss.-based BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, said Monday it has signed a deal to buy JMG/IC Insurance Agency Inc., of Nacogdoches, Texas. Terms of the deal were not...
CBIZ Acquires Md.-Based NAIS
Feb 6 2008 // CBIZ Inc. announced the firm has acquired substantially all the assets of NAIS Inc. effective Feb. 1, 2008. NAIS provides innkeepers insurance programs marketed through James Wolf Insurance and Old Line Insurance. NAIS,...
ChoicePoint to Buy Insurance Analytics Firm, Optimal Decisions Group
Feb 5 2008 // Information servcies company ChoicePoint reports it is acquiring Optimal Decisions Group, a firm that develops advanced analytics and software for the insurance industry. ODG develops predictive modeling, multi-year...
Universal North America to Acquire Policies from Houston General
Feb 5 2008 // Universal North America Insurance Company, with corporate offices in Texas and Florida, has agreed to acquire the renewal rights to approximately 11,500 policies from the personal lines portfolio of Canton, Mass.-based...
Mercator Risk Services Acquires Tennant Risk Services
Feb 4 2008 // Mercator Risk Services, a specialty wholesale insurance broker, acquired Tennant Risk Services Insurance Agency LLC, a Hartford, Conn.-based wholesale broker and underwriting manager. Terms of the transaction were not...
Reinsurance Broker BMS Names Buysse as CEO for North America
Feb 4 2008 // BMS, a reinsurance intermediary based in Philadelphia, has appointed James T. Buysse as chief executive officer of its North American operations, BMS Intermediaries, Inc. Buysse will be based in Philadelphia and will...
