Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub International Acquires Blanchard Insurance Group
Aug 4 2005 // Chicago-based Hub International Limited is expanding its Southwest presence by acquiring the assets of Blanchard Insurance Group by Hub’s subsidiary, Talbot Agency Inc. Terms of the cash transaction were not...
Brown & Brown Acquires Alliance Insurance Services
Aug 2 2005 // Kenneth D. Kirk, regional executive vice president of Brown & Brown Inc., and William A. “Bill” White, president of AAI Inc. d/b/a Alliance Insurance Services, of Canoga Park, California, announced the...
NCRIC Group Shareholders Back Merger into ProAssurance Corp.
Aug 2 2005 // NCRIC Group Inc. and ProAssurance Corporation jointly announced that NCRIC’s shareholders have approved NCRIC’s merger into ProAssurance. The approval came at Tuesday’s special meeting of shareholders in...
Chubb Sells Personal Lines Insurance Brokerage to Hub International
Aug 1 2005 // Chubb Corporation announced that it has entered into an agreement to sell Personal Lines Insurance Brokerage, Inc. (PLI) to Chicago-based Hub International Limited. The transaction is expected to close within 60 days,...
Blue Cross and Blue Shield of Oklahoma Merger Approved
Aug 1 2005 // An independent hearing examiner, on behalf of the Oklahoma Insurance Department, approved a request by Health Care Services Corporation (HCSC) to merge with Blue Cross and Blue Shield of Oklahoma. HCSC, with nearly 10...
ACE USA, ACORD Partner to Address Growth of International Exposures
Jul 28 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, joined with The Association for Cooperative Operations Research and Development (ACORD) to announce the release of ACORD Forms 125, 815 and...
OneBeacon Sells National Farmers Union to QBE
Jul 27 2005 // OneBeacon Insurance Group in Boston has agreed to sell its National Farmers Union Property and Casualty Company (NFU) subsidiary to QBE Insurance Group for approximately $142 million, subject to adjustment based on closing...
Capita to Acquire BDML Connect from BDML Group
Jul 25 2005 // Capita Insurance Services, part of The Capita Group Plc (“Capita”), announced today that it is to acquire BDML Connect Ltd from the insurance group BDML. Subject to final Financial Services Authority approval,...
Skywire Acquires InsBridge
Jul 21 2005 // Frisco, Texas-based Skywire Software, which focuses on the insurance and financial services industries, announced it has completed its acquisition of InsBridge. For nearly a decade InsBridge has been providing rating and...
HCC Ins. Holdings Acquires UK-Based DeMontfort Group of Companies
Jul 19 2005 // Houston-based international insurance holding company and specialty insurer, HCC Insurance Holdings Inc., announced it has completed its acquisition of the UK-based DeMontfort Group of companies. DeMontfort is an insurance...
ACE USA Buys GE’s Alternative Risk Hospital Portfolio
Jul 18 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced that ACE Medical Risk–a division of ACE USA–has purchased renewal rights to the Alternative Risk Hospital portfolio of...
D.C. Department Approves ProAssurance Acquisition of NCRIC Inc.; Aug. 2 Vote Scheduled
Jul 14 2005 // Medical malpractice insurers writers NCRIC Group Inc. and ProAssurance Corporation announced that the District of Columbia Department of Insurance, Securities and Banking has approved the proposed acquisition of NCRIC,...
S&P Assigns Ratings to Partner Re Debt Issue
Jul 6 2005 // Standard & Poor’s Ratings Services has assigned its preliminary “A” senior debt, “A-” subordinated debt, and “BBB+” preferred stock ratings to PartnerRe Ltd.’s (PRE) $1...
Hancock Bank Closes Acquisition of J. Everett Eaves Inc.
Jul 5 2005 // Gulfport, Miss.-based Hancock Bank, announced the closing of its acquisition of one of New Orleans’ oldest property and casualty insurance agencies, J. Everett Eaves Inc. (JEE). Officials representing Hancock and JEE...
BOWDITCH INSURANCE ACQUIRED BY SOUTH FINANCIAL GROUP
Jul 4 2005 // Jacksonville, Fla.-based Bowditch Insurance Corp., an independent insurance agency based in Jacksonville, Fla., has been acquired by The South Financial Group of Greenville, S.C. The transaction became effective June 6,...
SureTec Sells PCL Contract Bonding Agency
Jul 1 2005 // Houston-based SureTec Financial Corp. announced the sale of its subsidiary, PCL Contract Bonding Agency, located in Lewisville, Texas. The acquiring individuals include Clem Lesch, president of PCL, and a group of...
Commerce Bancorp Buys Conn.’s BK International Insurance Brokers
Jul 1 2005 // Commerce Insurance Services, a wholly-owned subsidiary of Commerce Bancorp, Inc., has entered into an agreement to acquire BK International Insurance Brokers, Ltd., headquartered in Greenwich, Connecticut. The acquisition...
MetLife Nearing $11.5 Billion Funding Goal to Acquire Travelers Life
Jun 23 2005 // MetLife Inc. is well on its way to funding its $11.5 billion acquisition of Citigroup Inc.’s Travelers Life & Annuity. The New York City-based insurance company, which expects to raise $7.6 billion in debt and...
Romney Plan Would Require All to Buy Health Insurance …Or Else
Jun 23 2005 // Massachusetts Gov. Mitt Romney would require every person in the state to have health insurance under his plan for universal health coverage. The governor described the plan at a health care conference at the John F....
Best Affirms ING Canada Ratings, Including Acquired Allianz Operations
Jun 22 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) and has assigned issuer credit ratings (ICR) of “aa-” to the ING Canada Group. Best also said it had...
