All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Aug 16 2010 // Officials in Des Moines are looking for money to buy more properties in a flood-prone area of the city.City Manager Rick Clark says that flooding in the Four Mile Creek area is “uncontrolled” — and that...
Aug 16 2010 // UK insurer RSA has confirmed that it has “put forward a proposal to Aviva to acquire its UK, Canadian and Irish general insurance businesses, excluding RAC and Health (the Target Businesses), for £5 billion...
Aug 16 2010 // Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced...
Aug 16 2010 // Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced...
Aug 12 2010 // American International Group Inc is selling most of its consumer finance unit to Fortress Investment Group at a deep discount and will recognize a $1.9 billion pretax loss as a result.AIG, majority owned by the U.S....
Aug 12 2010 // As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many...
Aug 10 2010 // Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced that its subsidiary, Hallmark Insurance Co., will acquire State Auto National Insurance Co. from Ohio-based State Auto Financial Corp. (STFC)....
Aug 9 2010 // Florida-based Brown & Brown has acquired Virginia-based benefits firm Synergy Benefits Inc. for an undisclosed sum. Synergy, which has annual revenue of approximately $1.2 million, will merge with Manassas office of...
Aug 9 2010 // Keystone Insurers Group’s newest Ohio partner, Miller & Miller Inc., of Dover, has become the group’s 23rd agency in Ohio and one of 212 independent agencies in six states that comprise and own...
Aug 9 2010 // Alabama will pay $800,000 annually for three years to an insurance company as a hedge against heavy damage to state property on the coast from a major hurricane.Under the deal that took effect last month, global insurer...
Aug 6 2010 // Connecticut-based Business Risk Partners has purchased the renewal rights to the miscellaneous professional liability book of Houston-based ProAssurance Mid-Continent Underwriters Co. Underwriting on behalf of...
Aug 6 2010 // Cincinnati Bengals fans will soon know who has the World’s Greatest Bengals Growl, in a first-of-its-kind contest outside Paul Brown Stadium this season. It’s just one element of the new partnership between...
Aug 5 2010 // San Francisco-based Equity Risk Partners (ERP), an insurance brokerage and consulting firm focusedon the needs of the private equity industry, has added Joseph Fitzpatrick as director – executive liability. He will...
Aug 4 2010 // Pennsylvania insurance regulators have given their OK to a planned acquisition of PMA Capital Cos. by Old Republic International Corp.Pennsylvania is the statutory regulator for PMA, which is based in Blue Bell....
Aug 3 2010 // Arthur J. Gallagher & Co. has acquired Benefits Unlimited Inc. in Houston, Texas. Terms of the transaction were not disclosed.Established in 1994, Benefits Unlimited offers employee benefits consulting and brokerage...
Aug 2 2010 // MetLife Inc. said it plans to sell more than $3 billion of stock to help pay for its acquisition of the foreign life insurance business of American International Group, or about 50 percent more than it originally...
Aug 2 2010 // There is a quote from Warren Buffet that I want to put on my wall and send to all my colleagues: “Price is what you pay. Value is what you get.”Agents, brokers and underwriters should heed Mr. Buffet’s...
Jul 30 2010 // TPG Capital has completed the acquisition of Vertafore, a provider of software and services to the insurance industry. The deal was first announced on June 10, 2010. TPG purchased the company from Hellman & Friedman...
Jul 30 2010 // Aon reported net income of $153 million in the second quarter 2010, compared to $149 million for the prior year quarter. Net income from continuing operations increased 22 percent to $179 million, compared to $147 million...
Jul 30 2010 // Chicago-based global insurance brokerage firm Arthur J. Gallagher & Co. has acquired the remaining 60 percent equity interest in Specialised Broking Associates Pty. Ltd, (SBA) headquartered in Perth, Western Australia....