Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Q1 Net Down 13%
Apr 24 2007 // Bermuda-based PartnerRe Ltd. reported a dip in first quarter net income of a little more than 13 percent to $169.266 million compared to $193.243 million in the same period last year. Other highlights from the report...
Assurex Global Welcomes New Indonesian Partner
Apr 24 2007 // Assurex Global, the independent insurance brokerage network, announced that it has added an Indonesian brokerage to its Partner list – PT. Mitra, Iswara & Rorimpandey (MIR) Insurance Brokers. The firm was...
Ga. Claims Firm Engle Martin Acquires Litigation Management Services
Apr 24 2007 // Engle Martin & Associates, Inc., an Atlanta-based multi-line insurance claims administration and adjusting company, has acquired the specialty fraternal and not-for-profit services of Litigation Management Services,...
Brokers experience no shortage in M&A activity in first quarter 2007
Apr 23 2007 // Stock Prices: Brokers’ stock prices have been mixed through the first quarter of 2007. Hub International Ltd. and USI Holdings Corp. have experienced stock price increases due to take-over premiums, as both companies...
Brokers experience no shortage in M&A activity in first quarter 2007
Apr 23 2007 // Stock Prices: Brokers’ stock prices have been mixed through the first quarter of 2007. Hub International Ltd. and USI Holdings Corp. have experienced stock price increases due to take-over premiums, as both companies...
Ohio Oak Hill Financial Acquires Meeker & Meeker Agency
Apr 19 2007 // Oak Hill Financial, Inc. has announced that its insurance affiliate, Oak Hill Financial Insurance Agency, Inc., has acquired the assets of Meeker & Meeker, Inc., a privately-held insurance agency located in Franklin,...
Miranthis in New Deputy CEO of PartnerRe Global
Apr 19 2007 // Bermuda’s PartnerRe Ltd. announced that Costas Miranthis has been promoted to the new position of Deputy CEO, PartnerRe Global, effective July 2007. PartnerRe Global is the name the Group uses for its underwriting...
National Crime Bureau Partners with Experian to Fight VIN Cloning Scams
Apr 18 2007 // Ill.-based The National Insurance Crime Bureau (NICB) recently announced that it has teamed with Experian Automotive, a division of global information solutions company Experian(R) Inc., to use its AutoCheck vehicle...
PartnerRe Makes Catastrophe Management Changes
Apr 17 2007 // Bermuda-based PartnerRe Ltd. has announced management changes in the Group’s U.S. and worldwide catastrophe reinsurance underwriting operations. Effective July 2007, Tad Walker will succeed Robin Williams as...
Meadowbrook Acquiring U.S. Specialty Underwriters
Apr 17 2007 // Meadowbrook Insurance Group, Inc. has agreed to acquire U.S. Specialty Underwriters, Inc. for a purchase price of $23.0 million. The purchase price is comprised of $13.0 million in cash and $10.0 million in Meadowbrook...
Mich. Meadowbrook to Acquire Excess Workers’ Comp Program Manager
Apr 17 2007 // Meadowbrook Insurance Group, Inc.,announced today that it has entered into a definitive agreement to acquire U.S. Specialty Underwriters, Inc. (USSU) for a purchase price of $23.0 million. The purchase price is comprised...
Vertafore Acquires Document Management Firm, ImageRight
Apr 13 2007 // Vertafore, Inc., a provider of software and services solutions to the insurance industry, has acquired ImageRight from Advanced Solutions Inc. Financial details of the transaction were not disclosed. The acquisition closed...
Pa. Health Insurers’ Merger Could Eliminate 1,000 Jobs
Apr 11 2007 // The proposed merger of Pennsylvania’s two largest insurance companies could result in about 1,000 lost jobs, mostly through attrition, a company executive said this week. Highmark CEO Dr. Kenneth Melani made the...
AXA, Britt Paulk Partner on U.S. Aviation Program for Smaller Aircraft
Apr 10 2007 // AXA Corporate Solutions announce the launch of a new national General Aviation program for the U.S. that will be managed through a general agency relationship with Britt Paulk Insurance Agency, Inc. Together Britt Paulk...
Partners General Agency to Open N.Y. Office Headed by McPhillips
Apr 10 2007 // Partners General Insurance Agency (PGIA), a California based managing general underwriter, said it will soon open an office in New York to serve its wholesale producers on the East Coast. Partners General Insurance Agency...
Tower Completes Acquisition of Northeast Insurer, Preserver Group
Apr 10 2007 // Tower Group, Inc. reported that it has completed the acquisition of Preserver Group, Inc., a New Jersey based property and casualty insurer. This transaction was previously announced on Nov. 14, 2006. Preserver Group, Inc....
Mass. extends deadline for residents to buy health coverage
Apr 9 2007 // The board that oversees Massachusetts’ landmark health insurance law voted last month to delay key elements of the plan by a year and a half to give residents and businesses a chance to ramp up their health care...
Tenn.: Calera Capital and TPG Close Acquisition of Direct General Corp
Apr 6 2007 // Calera Capital, formerly Fremont Partners, and TPG Capital, formerly Texas Pacific Group, announced the completion of the acquisition of Direct General Corp. by an affiliate of Calera and TPG. Prior to the acquisition,...
Delaware Agent Groups Closer to Merger; Members to Vote April 18
Apr 5 2007 // The boards of directors for the Insurance Agents & Brokers of Delaware (IA&B of DE) and the Independent Insurance Agents of Delaware, Inc. (IIAD) have unanimously voted to approve the plan for merger of their...
Zurich Closes NASTA Acquisition
Apr 4 2007 // Zurich Financial Services Group announced the completion of the acquisition of 66 percent of OOO NASTA Insurance Company, a leading Russian personal lines insurer. Zurich entered into an agreement for the purchase of a...
