Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
First Acceptance Corp. Acquires Texas Agency
Jan 26 2005 // First Acceptance Corporation, a provider of non-standard personal automobile insurance, announced it has acquired the assets of San Marcos, Texas-based HCS Claims Service Inc. dba Heritage Claims Services Inc., and LGNP...
Neace Lukens Acquires Integrity Insurance
Jan 26 2005 // Louisville, Ky.-based Neace Lukens Insurance has acquired Integrity Insurance Agency, a Lexington, Ky.-based agency that specializes in employee benefits. The acquisition is effective immediately and according to Douglas...
PartnerRe Believes Claims from European Windstorm Erwin to be Between $50-$60 Million
Jan 26 2005 // Bermuda-based PartnerRe Ltd. announced that claims relating to its exposure to Windstorm Erwin, which hit Northern Europe in early January, are expected to be between $50-$60 million. Windstorm Erwin battered Northern...
Sentry Acquires ALF Insurance Agency of Michigan
Jan 25 2005 // Stevens Point, Wis.-based mutual Sentry Insurance has purchased ALF Insurance Agency of Michigan Inc. from Dennis Hoyes. ALF has consistently ranked as one of Sentry’s largest agencies for specialty auto policies....
Halliburton Finalizes Funding for Asbestos, Silica Settlement; Collection Surpasses $1 Billion in Insurance
Jan 25 2005 // Halliburton announced on Tuesday that the company has completed the funding of the asbestos and silica settlements for its subsidiaries that had filed chapter 11 proceedings. Halliburton paid today the final cash...
Beneficial Bank Buys Philadelphia’s Hertel Agency
Jan 24 2005 // Beneficial Savings Bank announced that its wholly owned subsidiary, Beneficial Insurance Services, has acquired Philadelphia-based insurance brokerage firm Paul Hertel & Company. Beneficial, through Hertel, will now...
Gallagher Acquires Okla.’s Horton Insurance Agency
Jan 21 2005 // Illinois-based Arthur J. Gallagher & Co. announced it has acquired Horton Insurance Agency Inc. of Oklahoma City, Okla. Terms of the transaction were not disclosed. Formed in 1983, Horton Insurance Agency Inc. is a...
Marsh, Berry to Offer Financial Services to Partners
Jan 21 2005 // Concord, Ohio-based Marsh, Berry & Co.’s Agency Peak Performance EXchange has partnered with FIRST Insurance Funding Corp. and Lake Forest Bank & Trust to provide an exclusive package of financial services...
Access Insurance Holdings Buys Century American Casualty Co.
Jan 20 2005 // Access Insurance Holdings Inc. of Atlanta has purchased Austin, Texas-based Century American Casualty Co. for an undisclosed sum. The acquisition provides Access with insurance licenses in 14 states, and increases its...
Stock Purchase: AssuranceAmerica Acquires Cannon Insurance Agency
Jan 19 2005 // AssuranceAmerica Corp. has acquired Atlanta-based Cannon Insurance Agency for 3.6 million shares of common stock. Cannon is a retail insurance agency that produces about $7 million annual premium volume with emphasis on...
LSRAngel Partners with Quanta to Offer EPLI, D&O for Small to Medium-Sized Companies
Jan 17 2005 // Specialist EPLI program manager LSRAngel Inc. has announced a new partnership with the U.S underwriting subsidiaries of Quanta US Holdings Inc., a wholly-owned subsidiary of Quanta Capital Holdings Ltd., to provide...
Gallagher Buys La.’s Marine Insurance Service
Jan 16 2005 // Ill.-based Arthur J. Gallagher & Co. announced it has acquired Marine Insurance Service LLC of Metairie, La. Terms of the transaction were not disclosed. Originally founded in 1975, Marine Insurance Service LLC is a...
Two Ariz. Lawmakers Push Proposal to Ban Domestic Partner Benefits
Jan 16 2005 // A proposed constitutional amendment banning gay marriages in Arizona would outlaw all government-sponsored benefits to domestic partners. Republican Reps. Mark Anderson and Warde Nichols said their proposal will mirror...
Brown & Brown, Inc. Acquires Assets of Braishfield Assoc. in Orlando
Jan 14 2005 // The acquisition of substantially all of the assets related to the commercial business, including program and wholesale brokerage business of the Orlando, Fla. operations of Braishfield Assoc. Inc. has been acquired by...
Brown & Brown Acquires ECC Brokers
Jan 14 2005 // ECC Insurance Brokers LLC of Oak Brook, Ill. has been acquired by Brown & Brown Inc. with headquarters Daytona Beach and Tampa, Fla. ECC has combined annualized revenues of approximately $3.9 million. This wholesale...
U.S.I. Holdings Completes Agreement to Acquire Summit Global Partners
Jan 13 2005 // U.S.I. Holdings Corporation announced it has completed negotiations on a definitive agreement to acquire Dallas, Texas-based Summit Global Partners. The closing of the SGP acquisition, which is subject to customary closing...
Fla. Insurance Regulators Approve QualSure, Sunshine State Insurance Merger
Jan 13 2005 // The merger of QualSure Insurance Corp. with and into Sunshine State Insurance Company of Ponte Verde Beach, Fla. has been approved by the Florida Office of Insurance Regulation according to Bruce K. Howson, SSIC president...
Agent Association Partners to Offer Online Education
Jan 11 2005 // The National Association of Professional Insurance Agents has announce a partnership with Learn.net to launch a new on-line CE and Professional Skills Education Center for member and non-member agents at:...
PartnerRe: Tsunami Claims Likely $25M-$35M
Jan 11 2005 // Bermuda-based PartnerRe Ltd. on Tuesday estimated that claims relating to its exposure to the earthquake and resulting tsunami in Southeast Asia on Dec. 26, 2004 are expected to be between $25-$35 million. PartnerRe...
Bankers Insurance Center Acquires Troy & Montgomery
Jan 9 2005 // Louisiana’s Bankers Insurance Center LLC, announced it has acquired Troy & Montgomery Insurance, one of the largest independent insurance agencies in north Louisiana. The acquisition is effective Jan. 1,...
