Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Okla. Senate Sub-Committee to Hold Hearing on Rural Fire Department Funding Needs
Jan 9 2006 // The Oklahoma Senate Appropriations Sub-Committee on Natural Resources and Regulatory Services will hold a hearing Jan. 12, 2006, on the funding needs of rural fire departments in Oklahoma in the wake of the wildfires that...
Duncan, Fraser & Bridges Acquires Amarillo, Texas-based Agency
Jan 9 2006 // Duncan, Fraser & Bridges Insurance Agency Inc., a member of Combined Agents of America, LLC (CAA), announced it has purchased Amarillo, Texas-based independent insurance agency, Edmond, Deaton & Stephens....
Hallmark Acquires Aerospace Holdings
Jan 4 2006 // Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its previously disclosed acquisition of Aerospace Holdings LLC. According to Hallmark, Aerospace Holdings, through Aerospace Insurance Managers Inc....
American National Bank Acquires Dallas-based Independent Agency Sleeper, Sewell
Jan 4 2006 // The American National Bank of Texas of Terrell, Texas, has acquired Dallas-based insurance agency Sleeper, Sewell & Company. Terms of the transaction were not announced. Led by President and CEO Robert A. Hulsey,...
Analysts Predict Surge in Insurance Company Mergers in 2006
Jan 4 2006 // Analysts are predicting that 2006 could be the big one in terms of new mergers by insurers. Not that 2005 was lean on mergers and acquisitions. Some of the top companies that made the move were notably MetLife...
Brown & Brown Completes Axiom Intermediaries Acquisition
Jan 4 2006 // The acquisition of the assets of Axiom Intermediaries LLC of Stony Creek, N.C. has been completed by Brown & Brown Inc. of Daytona Beach, Fla. Axiom Intermediaries, with approximately $14.0 million in annualized...
WellPoint and WellChoice Complete Major Merger
Jan 3 2006 // WellPoint, Inc. and WellChoice, Inc. have completed their merger that they first announced on Sept. 27, 2005. The value of the transaction at that time was estimated to be $6.5 billion. “Our focus as a combined...
Jacobs Financial Group Acquires West Virginia Fire and Casualty Co.
Jan 3 2006 // Jacobs Financial Group Inc. has acquired all of the issued and outstanding stock of West Virginia Fire and Casualty Company (WVFCC) from The Celina Mutual Insurance Company (Celina) of Celina, Ohio. The transaction had...
TD Banknorth Acquires Me.’s Boothby & Bartlett Agency
Jan 2 2006 // TD Banknorth Inc. has finalized its acquisition of the business of Boothby & Bartlett Company, a 145-year old Central Maine insurance agency in Waterville, through its insurance subsidiary, TD Banknorth Insurance...
Brokers continue to gain; M&A activity remains steady
Jan 2 2006 // Stock Prices: Insurance brokers continued to experience gains in their stock prices in October and November. The median increase was 6 percent compared to a 10 percent increase for the August and September period. With the...
Brokers continue to gain; M&A activity remains steady
Jan 1 2006 // Stock Prices: Insurance brokers continued to experience gains in their stock prices in October and November. The median increase was 6 percent compared to a 10 percent increase for the August and September period. With the...
Allianz Moves Ahead with RAS Merger
Dec 30 2005 // German’s Allianz AG has released a series of documents in furtherance of its plans to merge its German and Italian operations into one European Group. As announced last September (See IJ Website Sept. 13) Allianz...
The Enstar Group Reports Acquisition of UK Insurance Company
Dec 30 2005 // The Enstar Group Inc. reported that its partially owned equity affiliate, Castlewood Holdings Limited, and Shinsei Bank, Limited have signed definitive agreements for the purchase of Aioi Insurance Company of Europe...
Insurance Helps Santa Fe Museums with Art Acquisitions
Dec 29 2005 // New Mexico’s Museum of Fine Arts has acquired a 1923 Stuart Davis painting, while the private Georgia O’Keeffe Museum has announced it has acquired another O’Keeffe painting and works by eight other...
Rural Ala. County Buys Insurance Against Foreign-Based Terrorism
Dec 29 2005 // A rural south Alabama county has boosted its insurance coverage to cover any attack by a foreign-based terrorist group after a discussion over such an unlikely event. The Clarke County Commission approved the $7,000 annual...
Police: N.C. Insurance Man Shot Partners Because of Business Dispute
Dec 29 2005 // The president of a small North Carolina insurance agency accused of shooting his two partners was upset because they wanted to sell the business, authorities said. James T. Tedesco, 37, has been charged with two counts of...
Fidelity National Financial to Acquire Claims Firm Sedgwick
Dec 27 2005 // Fidelity National Financial, Inc. in Jacksonville, Fla., a provider of products and outsourced services for financial institutions and the mortgage, insurance and real estate industries, is buying Sedgwick CMS Holdings,...
Odyssey Investments Buys Stake in York Insurance Services
Dec 27 2005 // York Insurance Services Group, Inc., a privately owned property and casualty insurance services firm based in Parsippany, N.J., is being acquired by Odyssey Investment Partners LLC in partnership with Thomas C. MacArthur,...
Colo. Insurance Commssioner Approves Health Care Merger
Dec 23 2005 // Colorado’s top insurance regulator has approved the proposed $9.2 billion takeover of PacifiCare by UnitedHealth after creating safeguards to ease physicians’ fears and getting a pledge from the company that it...
MED-MAL MERGER:
Dec 19 2005 // ProAssurance Corporation and Physicians Insurance Company of Wisconsin, Inc. have agreed to merge PIC Wisconsin into ProAssurance through a proposed stock-for-stock transaction. The companies said that the merger will...
