Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
N.Y. Equity Firm Buys Insurance Auto Auctions
Feb 24 2005 // Insurance Auto Auctions, Inc. in Westchester, Ill. has signed an agreement to be acquired by affiliates of Kelso & Company, a New York based private equity investment firm. The aggregate value of the merger...
Wholesale Brokers Become Hot Potatoes and Hot Properties for Mergers & Acquisitions
Feb 23 2005 // The decisions of two of the largest insurance brokers to sell off their wholesale divisions is a reaction to the Spitzer investigations and could be a sign of more to come, according to insurance merger...
Willis Acquires CGI Consulting Group
Feb 23 2005 // Willis Group Holdings has acquired CGI Consulting Inc., an employee benefits firm selling to mid-size companies predominantly in the mid-Atlantic and northeast region of the United States. CGI has annual revenues of...
Guaranty Insurance Acquires Calif.-based Walter Mortensen Insurance
Feb 22 2005 // Guaranty Insurance Services Inc., the second-largest insurance agency in Texas, announced that it has acquired Walter Mortensen Insurance of Bakersfield, California. This move doubles the agency’s size in...
Savage & Associates Buys Christie Financial Services
Feb 22 2005 // Toledo, Ohio-based Savage & Associates Inc. has expanded operations by acquiring the assets of Christie Financial Services, a full-service insurance agency in Oak Harbor, Ohio. Christie Financial Services was founded...
IAG Plans to Buy 25% of China Pacific Property
Feb 21 2005 // Insurance Australia Group (IAG), the country’s largest automobile and home insurer, is reportedly planning to buy a 25 stake in China Pacific Insurance Co.’s property unit. A report from Bloomberg.com said that...
Kings & Pawns: Excess Brokers’ Moves and Mergers
Feb 21 2005 // The emergence of large national and regional firms and the creation of networks of brokers as industry kings are transforming the nation’s wholesale insurance marketplace but experts maintain that independent...
Guaranty Insurance Services Acquires Calif. Agency
Feb 16 2005 // Austin, Texas-based Guaranty Insurance Services Inc. announced the acquisition of Walter Mortensen Insurance of Bakersfield, Calif. This move doubles the agency’s size in California. With eight offices in...
May 1-3 Mergers & Acquisitions Workshops in Atlanta
Feb 16 2005 // Mergers & Acquisitions: A Workshop for Insurance Agents and Bank Executives has been scheduled May 1 to 3 in Atlanta by the Council of Insurance Agents and Brokers, the American Bankers Insurance Association and Regan...
AmWINS to Acquire Willis’ Stewart Smith Group
Feb 15 2005 // Willis Group Holdings and American Wholesale Insurance Group Inc. announced that AmWINS will acquire Stewart Smith Group, Willis’ U.S. wholesale unit. Terms of the transaction were not disclosed. It is expected to...
R.I.’s Starkweather & Shepley Buys 2 Mass. Agencies
Feb 14 2005 // Starkweather & Shepley Insurance Brokerage, Inc., one of the largest independent insurance agencies in the U.S., has acquired MVI Insurance Group and The Lambert Agency located in Martha’s Vineyard, Mass. Rhode...
MCS Names Marrone Managing Partner
Feb 14 2005 // Stephen J. Saporito, COO of Irvine, Calif.-based Millennium Corporate Solutions, announced that Frank L. Marrone has been named managing partner. As a managing partner, Marrone has been entrusted with helping chart...
Three New Western Region Partners Join APPEX
Feb 14 2005 // APPEX (Agency Peak Performance EXchange) welcomed three new Western region partners to their membership. Al Purmort, Sr. founded the Al Purmort Insurance Agency in September of 1985 after leaving the Purmort and Martin...
Brown & Brown Acquires Emerald Benefits Inc.
Feb 14 2005 // Brown & Brown Inc., with headquarters in Daytona Beach, Fla. has announced the acquisition of retail insurance agency Emerald Benefits Inc. of Weston, Fla. Emerald Benefits, with annualized revenues of approximately...
Brown & Brown Agrees to Acquire Hull & Co.
Feb 11 2005 // The signing of a definitive agreement for Brown & Brown Inc. to acquire the assets of Hull & Company Inc. of Fort Lauderdale, Fla. and its certain affiliated companies has been announced jointly by J. Hyatt...
Conn.’s Vertfaore Acquires Custom Insurance Solutions
Feb 4 2005 // Vertafore, Inc., a provider of software, services and information for the property and casualty insurance industry, has acquired Custom Insurance Solutions LLC of San Antonio, Texas. CIS sells management system products to...
Huskins Appointed Partner With Woodruff-Sawyer & Co.
Feb 4 2005 // Woodruff-Sawyer & Co., one of the largest independent insurance brokers in the nation, announced that Priya Cherian Huskins has been named a Partner with the firm. Huskins joined the firm’s Directors &...
First Niagara Acquires Ithaca, N.Y. Agency
Feb 2 2005 // First Niagara Risk Management, Inc., the wholly-owned insurance subsidiary of First Niagara Bank , has reached an agreement to acquire the L.A. Lama Insurance Agency. The acquisition of the Ithaca-based agency, which has...
MetLife to Acquire Travelers Life for $11.5 Billion; Firms Also Plan Distribution Partnership
Jan 31 2005 // MetLife, Inc. and Citigroup Inc. today announced an agreement for the sale of Citigroup’s Travelers Life & Annuity, and substantially all of Citigroup’s international insurance businesses, to MetLife for...
Sutter Announces Closing of Diversified Risk Acquisition
Jan 28 2005 // San Francisco-based Sutter Holding Company Inc. announced that it has closed on the previously announced acquisition of Diversified Risk Insurance Brokers, a commercial property and casualty insurance broker based in...
