Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown Acquires Nichols Agency in Philadelphia, Pa.
Sep 1 2005 // Nichols & Assoc., of Philadelphia, Pa., has been acquired by Brown & Brown of Tampa and Daytona Beach, Fla., according a joint announcement by Thomas E. Riley, regional president of Brown & Brown Inc. and...
USI Acquires Richard B. Cross
Aug 31 2005 // USI Holdings Corporation on Wednesday announced the closing of the previously announced acquisition of Cincinnati, Ohio-based Richard B. Cross & Associates Inc. Terms of the transaction were not disclosed. Cross has...
GNW-Evergreen of Los Angeles Completes Phase 2 of Merger
Aug 31 2005 // Los Angeles, Calif.-based GNW-Evergreen Insurance Services LLC announced completion of phase 2 of its merger. The newly completed 20,000-square-foot state-of-the-art insurance facility in Encino, California will allow...
XL Capital Acquires Argonaut Group’s Risk Management Business
Aug 29 2005 // XL America Inc. (“XL America”), the holding company for XL Capital Ltd’s U.S. operations, announced that it has entered into an agreement with the San Antonio, Texas-based Argonaut Group to acquire the...
USI to Acquire Richard B. Cross & Associates
Aug 25 2005 // USI Holdings Corporation, Briarcliff Manor, N.Y., today announced it has reached an agreement in principle to acquire Cincinnati, Ohio-based Richard B. Cross & Associates, Inc. sometime next month. Terms of the...
Diederich Acquires Doctors’ Financial
Aug 25 2005 // Diederich Insurance Agency of Carbondale, Ill. today announced the holdings acquisition of Doctors’ Financial Group, Inc. of Denver, Colo. Terms of the transaction were not disclosed. Doctors’ Financial Group,...
AIA Urges Colo. Legislators to Consider Non-Auto Insurance Options to Provide Funding for Trauma Care
Aug 23 2005 // The American Insurance Association urged Colorado legislators to consider several viable non-auto insurance options for providing additional funding for trauma care, as needed, to address the shortfalls that arise for...
Maryland’s IWIF Partners with Pair of Members to Offer WC Coverage
Aug 19 2005 // IWIF Workers’ Compensation Insurance, a Maryland workers’ compensation insurance carrier, recently introduced two new target market programs specially designed for WANADA and AIMS members domiciled in...
Blue Cross/Blue Shield Partners With AT&T on Networking Services
Aug 16 2005 // AT&T announced today a two-year, multimillion-dollar national agreement with Blue Cross and Blue Shield Association (BCBSA), continuing AT&T’s long-standing relationship with BCBSA and its member companies...
JPMorgan Partners to Sell App. 7.8 Million Axis Captal Shares
Aug 10 2005 // Bermuda-based AXIS Capital Holdings Limited announced that JPMorgan Partners, a private equity affiliate of JP Morgan Chase & Co., and related entities, have agreed to sell approximately 7.8 million of AXIS...
Carr Becomes Partner at Greene Broillet & Wheeler, LLP
Aug 10 2005 // Santa Monica-based Greene Broillet & Wheeler, LLP announced that associate Scott H. Carr has become a partner with the firm. Carr represents clients in the areas of business litigation, legal malpractice, insurance...
Safety National Casualty Acquires ERC’s Excess Comp Book
Aug 10 2005 // Safety National Casualty Corporation has acquired renewal rights to the excess workers’ compensation business of Employers Reinsurance Corporation (ERC). The St. Louis, Mo.-based company l will immediately begin...
Adam Corporation Subsidiary Reliable Reports Completes Acquisition of CIG
Aug 10 2005 // LEWISVILLE, TEXAS (July 26, 2005) – The Adam Corporation/Group (“TAC”), a privately owned holding company, announced today that its wholly owned subsidiary Reliable Reports, Inc. (“Reliable”)...
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...
