Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Assurant Acquires Safeco Financial Institution Solutions
May 1 2006 // Assurant, Inc., a provider of specialty insurance and insurance-related products and services, has acquired all of the outstanding capital stock of Safeco Financial Institution Solutions Inc. based in Seattle, Wash., a...
Minn. Life Says Think ‘Partnership’ on Retirement Benefits
Apr 28 2006 // Public employers can retain valuable staff, attract new talent and help employees fund retirement by encouraging a shift from a “benefits” mentality to a “partnership” mentality. That’s the...
Cliff Dugan Named Managing Partner, St. Louis Agency, John Hancock Financial Network
Apr 27 2006 // Clifford L. Dugan Jr. has been named managing partner of John Hancock Financial Network’s St. Louis agency, according to the company’s recent press release. The St. Louis Dugan General Agency is located at 73...
Tenn. GOP Lawmakers Question Funding for Bredesen’s Insurance Plan
Apr 26 2006 // Republican lawmakers in Nashville, Tenn. have questioned the lack of an extended funding plan for Gov. Phil Bredesen’s Cover Tennessee health insurance proposal. Bredesen, a Democrat, has said he wants to use $100...
St. Paul Public Schools Partners with G.E. Young & Co.
Apr 25 2006 // Saint Paul Public Schools (SPPS) in St. Paul, Minn., recently partnered with G.E. Young & Co., a third-party claims administrator headquartered in the Denver area. G.E. Young & Co. is providing claims management...
Partner Re Posts 73.4% Q1 Net Income Gain to $193.2 Million
Apr 25 2006 // Bermuda’s PartnerRe Ltd. reported net income of $193.2 million, or $3.21 per share on a fully diluted basis, for the first quarter of 2006, a 73.4 percent rise. Net income includes net after-tax realized gains on...
Fla. HB 7225 Advancing: Boosts CAT Funding; Provides No-Interest Loans
Apr 24 2006 // A rapid cash buildup of 25 percent for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation...
Swiss Re/GE Solutions Deal ‘On Track’; Less Equity Funding Needed
Apr 21 2006 // Swiss Re announced that the acquisition process of GE Insurance Solutions, including regulatory approvals, “is well on track for the expected mid-2006 closing of the transaction.” The soon to be world’s...
Mobility Saint-Honore to Acquire/Merge Norfolk International
Apr 21 2006 // Patrick Mallet, President and CEO of Paris-based Mobility Saint-Honore, announced the acquisition of Norfolk International Group of Calgary, Alberta, Canada. The Company said it plans to merge Norfolk into its Canadian...
Geico Sells 7 Millionth Auto Policy
Apr 21 2006 // On the evening of March 13, 2006, Geico sales representative Stephanie Hall, of Buffalo, N.Y. made history by selling the company’s seven millionth policy. Hall, who has been with the company since December 2004,...
Brown & Brown Acquires NuQuest Resources, Bridge Pointe
Apr 21 2006 // The asset acquisition of NuQuest Resources Inc. and Bridge Pointe Inc. of Longwood, Fla. has been announced by J. Powell Brown, regional executive vice president of Brown & Brown Inc. with offices in Daytona Beach and...
Tokio Marine to Acquire Majority Stake in Asia General
Apr 20 2006 // Tokio Marine & Nichido Fire Insurance Co., Ltd., subsidiaries of Japan’s largest insurer (by net premiums written), Millea Holdings, Inc., announced that they have reached an agreement with shareholders holding...
Insurer Sells Chatham Bars Inn on Cape Cod
Apr 20 2006 // American Financial Group, Inc.’s subsidiary, Great American Financial Resources, Inc., has reached an agreement to sell Chatham Bars Inn, its resort-hotel property located on Cape Cod, Massachusetts, for $166...
Professional Insurance Agents of N.C. Acquires Associated Agencies
Apr 20 2006 // A small agents’ association, Associated Agencies, based in Aberdeen, N.C., has been acquired by the Professional Insurance Agents of North Carolina. Associated Agencies was formed in the 1980s by Jimmy...
Acordia Acquires Calif. Broker Brodie
Apr 18 2006 //
TD Banknorth Continues Expansion in N.J. with Interchange Acquisition
Apr 17 2006 // TD Banknorth Inc., headquartered in Portland, Maine, is acquiring Interchange Financial Services Corporation for $480.6 million in an all cash transaction. Headquartered in Saddle Brook, New Jersey, Interchange had $1.6...
Acquiring minds want to know how even smaller firms can buy agencies
Apr 17 2006 // Small to mid-sized retail independent insurance agencies looking to grow through acquisition had better have a good plan in place if they want to run with the big dogs—those big dogs being the banks, the large public...
Mergers and Acquisitions
Apr 17 2006 // Independent retail insurance agencies looking to grow through acquisition had better have a good plan in place if they want to run with the big dogs-those big dogs being the banks, the large public brokers and the regional...
Mergers and Acquisitions
Apr 17 2006 // The answer is – to succeed at either one, preparation is the key Independent retail insurance agencies looking to grow through acquisition had better have a good plan in place if they want to run with the big dogs...
CBIZ Acquires Burnham, Colman, Kaelin and Walker Insurance Agency
Apr 12 2006 // CBIZ, Inc. today announced that it has acquired Burnham, Colman, Kaelin & Walker of St. Joseph, Mo. effective April 1, 2006. Originally founded in 1899 and with offices in St. Joseph and Kansas City, BCK&W is an...