M&A Deal Summary

HCC Insurance Holdings Acquires VMGU Insurance Agency

On December 31, 2008, HCC Insurance Holdings acquired insurance company VMGU Insurance Agency

Acquisition Highlights
  • This is HCC Insurance Holdings’ 21st transaction in the Insurance sector.
  • This is HCC Insurance Holdings’ 16th transaction in the United States.
  • This is HCC Insurance Holdings’ 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2008-12-31
Target VMGU Insurance Agency
Sector Insurance
Buyer(s) HCC Insurance Holdings
Deal Type Add-on Acquisition

Target

VMGU Insurance Agency

Waltham, Massachusetts, United States
VMGU Insurance Agency is an underwriter of the lumber, building materials, forest products and woodworking industries.

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Buyer(S) 1

Buyer

HCC Insurance Holdings

Houston, Texas, United States

Category Company
Founded 1974
Sector Insurance
Employees1,933
Revenue 2.7B USD (2013)
DESCRIPTION

HCC Insurance Holdings, Inc. is an insurance holding company comprising property & casualty, accident & health and other specialty insurance businesses


DEAL STATS #
Overall 21 of 24
Sector: Insurance M&A 21 of 24
Type: Add-on Acquisition M&A Deals 14 of 16
State: Massachusetts M&A 2 of 2
Country: United States M&A 16 of 19
Year: 2008 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-12 Arrowhead Public Risk

Richmond, Virginia, United States

Arrowhead Public Risk is a managing general agency based in Richmond specializing in risk management for the public entity sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-09 Rattner MacKenzie

London, United Kingdom

Rattner MacKenzie Ltd. (RML), provides insurance services. Rattner MacKenzie Ltd. places HCC’s reinsurance programs in the London market as well as servicing a number of third-party clients.

Sell -