Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Lackluster organic growth kicks up broker M&A activity in May
Jun 19 2005 // Stock Prices: Broker stock prices shifted down 5 percent in April and May. The most dramatic change came from Aon Corp., whose stock closed down 14 percent from the previous two month period due mainly to flat first...
PartnerRe Receives Subpoena on Finite Reinsurance Investigation
Jun 17 2005 // PartnerRe Ltd. joined other Bermuda insurers – RenRe, and Platinum being the latest (See IJ Web site June 16) – in the small, but growing, club of reinsurers who have received subpoenas from the United States...
IAG to Buy Stake in R&SA (Thailand)
Jun 14 2005 // Insurance Australia Group announced that it has agreed to purchase a stake in Royal and SunAlliance (Thailand) Ltd. the country’s second largest insurer. Neither the size of the stake nor the purchase price were...
Hancock Bank to Acquire New Orleans’ J. Everett Eaves
Jun 14 2005 // Executives at 106-year-old Hancock Bank and at 87-year-old New Orleans-based independent insurance agency, J. Everett Eaves Inc. (JEE), announced they have signed a definitive agreement that would allow Hancock Bank to...
Bowditch Insurance Acquired by South Financial Group
Jun 10 2005 // Jacksonville, Fla.-based Bowditch Insurance Corp., an independent insurance agency founded in 1983 by Raynor E. Bowditch, has been acquired by The South Financial Group of Greenville, S.C. The transaction became effective...
Critics Emphasize Jobs at Conn. Hearing into MetLife-Travelers Merger
Jun 9 2005 // Hartford Mayor Eddie Perez criticized MetLife’s planned acquisition of Travelers Life & Annuity, calling for major changes in the company’s proposal to preserve jobs and mitigate the economic impact on...
Brown & Brown Acquires BeneTec Inc. of Ark.
Jun 8 2005 // Florida’s Brown & Brown Inc. reported its asset acquisition of BeneTec Inc. of Arkansas headquartered in Rogers, Ark. The announcement regarding the acquisition was made jointly by C. Roy Bridges, regional...
Chadbourne & Parke Expands London Office; 5 Partners Join Firm
Jun 7 2005 // The international law firm of Chadbourne & Parke LLP announced that it is strengthening its insurance and reinsurance practice with the appointment of five partners from Denton Wilde Sapte. The partners will be joined...
Thomson West, AIA Partner
Jun 3 2005 // Minnesota-based Thomson West and the American Insurance Association (AIA) announced a new partnership that will reportedly give AIA and its members valuable resources, educational opportunities and faster access to...
Hartford Mayor Moves to Block MetLife-Travelers Merger
Jun 2 2005 // Hartford Mayor Eddie Perez has asked the state insurance commissioner to block a planned merger of MetLife Inc. and Travelers Life & Annuity. Perez said MetLife has not offered a formal commitment to retain jobs and...
Strategy International to Acquire RS Group of Companies
Jun 1 2005 // Toronto-based Strategy International Insurance Group Inc., which provides specialty lines of insurance, reinsurance and structured risk underwriting focusing on credit risk and credit enhancement, has signed a letter of...
Assurex Adds New Partner in Thailand
May 26 2005 // Assurex Global — the world’s largest privately held risk management and commercial insurance brokerage group – announced that it has expanded its worldwide presence with the addition of an international...
Agency Resource Group Announce Strategic Partnerships with Pacificare and United Concordia
May 25 2005 // Valley-based Agency Resource Group Inc. (ARG) President Bud Bowlin announced two strategic alliances with major national insurance providers – PacifiCare and United Concordia Insurance Company (United Concordia). ARG...
Zurich Sells Majority Interest in ZC Sterling Corporation to Trident III
May 24 2005 // Zurich Financial Services Group (Zurich) and Trident III, L.P., an investment trust, announced that they have signed a definitive stock purchase agreement for Trident to acquire Zurich’s equity stake of approximately...
Independent Banks Partner to Save on Calif. Workers’ Comp Costs
May 19 2005 // Facing ever-increasing workers’ compensation costs, a group of California banks received approval from the FDIC and filed an application with the State of California to form a self-insurance group (SIG) and is...
Conn.’s Sinclair Group Acquires Surety Specialist, J. Biron
May 19 2005 // The Sinclair Insurance Group of Wallingford, Conn. has enhanced its commercial insurance services through the acquisition of a leading surety bond specialist for the Northeast construction industry. As of May 1, 2005, J....
Regions Insurance Acquires Galbreath Insurance Agency
May 18 2005 // Regions Insurance Group, a subsidiary of Regions Financial Corp., has through its subsidiary Rebsamen Insurance Inc. acquired the customer accounts of Memphis-based Galbreath Insurance Agency. In addition, Rebsamen has...
So. Africa’s Old Mutual in Acquisition Talks with Skandia
May 16 2005 // South Africa’s Old Mutual plc confirmed that it is in preliminary discussions with Skandia concerning a potential transaction. It said only that “discussions are at an early stage and may or may not lead to Old...
Glennon Insurance Selected as Irish Partner by HLA Global
May 16 2005 // Dublin-based broker Glennon Insurance has been appointed as the Irish partner of HLA Global, the world’s largest network of independent insurance brokers HLA Global is a partnership network between Acordia (a Wells...
PartnerRe Announces Plan to Repurchase up to 5 Million Shares
May 12 2005 // Bermuda’s PartnerRe Ltd. announced that its Board of Directors has approved an increase in the company’s stock repurchase authorization for a total of up to 5 million common shares. “This reflects an...
