Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Gay Partner Can’t Sue Hospital for Malpractice, N.Y. Appeals Court Rules
Oct 13 2005 // A New York Appeals Court has ruled that the same sex partner of a man who died after surgery related to injuries suffered in a car accident does not have standing to sue the hospital for malpractice under state law. The...
Specialty Underwriters’ Alliance Partners with Appalachian Underwriters
Oct 12 2005 // Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Appalachian Underwriters, Inc., which specializes in small artisan and general contractors business such as carpentry, electricians,...
HCC Insurance Holdings to Acquire GM’s Life Insurer
Oct 12 2005 // HCC Insurance Holdings Inc. has agreed to acquire MIC Life Insurance Corporation from Motors Insurance Corporation, a subsidiary of GMAC Insurance Holdings Inc., for an undisclosed consideration. MIC Life is currently...
Lincoln National to Buy Jefferson Pilot for $7.5 Billion
Oct 11 2005 // Life insurance provider Lincoln National Corp. has agreed to acquire insurer Jefferson-Pilot Corp. for about $7.5 billion in cash and stock in a deal that will create one of the country’s biggest public life...
Swiss Re is Founding Partner in Red Cross Support Group
Oct 10 2005 // Swiss Re announced that it has joined seven other companies, including Zurich Financial Services, as a founding member of the International Committee of the Red Cross (ICRC) Corporate Support Group, which will support the...
Aon Ohio Acquires Pipino Agency
Oct 10 2005 // Aon announced that Aon Risk Services of Ohio has acquired Sam D. Pipino Agency, a risk specialist for the real estate development and construction industries. Sam D. Pipino Agency has 12 employees who work in the...
Alliance Bankshares Acquires Virginia’s Danaher Agency
Oct 8 2005 // Alliance Bankshares Corp. announced the execution of a definitive agreement for its subsidiary, Alliance Bank Corporation, to acquire the Danaher Insurance Agency of Annandale, Virginia in an all cash transaction. Danaher...
Hub Acquires Chubb’s PLI Brokerage
Oct 7 2005 // Hub International Limited has completed its purchase of Personal Lines Insurance Brokerage, Inc. (PLI) from The Chubb Corporation. The acquisition grows Chicago-based Hub’s personal lines to nearly 20 percent of its...
N.Y. Medical Society Opposes HIP, WellPoint Mergers
Oct 6 2005 // The Medical Society of the State of New York has expressed serious concerns of the physician community regarding the recent announcement that HIP Health Plan of New York (HIP) and Group Health Incorporated plan to merge,...
PartnerRe Updates Impact of Q3 Catastrophic Events
Oct 4 2005 // Bermuda-based PartnerRe Ltd. has provided a further update on the catastrophic events of the third quarter, and the potential impact on the company’s shareholders’ equity. The company currently estimates that...
Accident Fund Insurance to Acquire United Wis. Insurance
Oct 4 2005 // Accident Fund Insurance Company of America has entered into an agreement to purchase United Wisconsin Insurance Company, doing business as United Heartland, a New Berlin, Wis.-based workers’ compensation company....
Converium Renews GAUM Funding
Sep 29 2005 // Swiss reinsurer Converium announced the completion of an aviation fronting arrangement with National Indemnity Company and Munich Re, which enters into effect on Oct. 1, 2005. The agreement ensures Converium’s...
WellPoint Seeks to Buy WellChoice of N.Y., N.J.
Sep 28 2005 // WellPoint Inc., the country’s largest health insurer, is in talks to buy WellChoice Inc., an insurer with about 5 million customers in New York and New Jersey, according to a published report. The New York Times...
Mich. Judge Rules for Health Benefits for Gay Partners
Sep 28 2005 // An Ingham County, Michigan judge ruled that the state’s ban against gay marriage does not prevent public employers from providing health insurance to partners of gay employees. Circuit Judge Joyce Draganchuk says...
Wells Fargo Acquires JS Crop Insurance
Sep 28 2005 // Wells Fargo Insurance, Inc., a subsidiary of Wells Fargo & Company, has acquired the crop insurance business from Portland, Indiana-based JS Crop Insurance, Inc. (JS Crop), expanding Wells Fargo’s reach to...
Imagine to Acquire Lloyd’s Abacus
Sep 28 2005 // Imagine Insurance Company Limited, a member of The Imagine Group, announced that it has entered into an agreement in principle to acquire all of the outstanding shares of Abacus Syndicates Limited and Abacus Underwriting...
Grupo Catalana Acquires 7% Stake in Atradius from Swiss Re
Sep 20 2005 // Spanish insurer Grupo Catalana Occidente announced that it has acquired 3,969,466 shares in global credit insurer Atradius – an additional 7.01 percent stake – from Swiss Re, Atradius’ largest...
IICF, Insurance Journal Partner to Help Katrina Victims
Sep 14 2005 // The Insurance Industry Charitable Foundation is partnering with the Insurance Journal to reach out to the insurance community for support and help for the victims and families of Hurricane Katrina. Beginning early last...
First Niagara Financial Group Acquires Burke Group
Sep 12 2005 // First Niagara Financial Group Inc., the parent of First Niagara Bank, has acquired Burke Group Inc., an employee benefits administration and compensation consulting firm that has offices in Rochester and Syracuse and...
PartnerRe Updates Q3 Cat Impact
Sep 9 2005 // Bermuda-based PartnerRe Ltd. has issued a bulletin providing an update on the catastrophic events of the third quarter, and the potential impact on the Company’s shareholders’ equity. The bulletin did not give...
