Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Berkshire Bank Buys Woronoco Savings Bank and Insurance Agencies in Mass.
Dec 20 2004 // Berkshire Hills Bancorp, Inc. (AMEX: BHL), the holding company for Berkshire Bank in Pittsfield, Mass., has agreed to purchase Woronoco Bancorp, Inc. (AMEX: WRO), the holding company for Woronoco Savings Bank, including...
PartnerRe to Participate in Remarketing Prf. Shares
Dec 17 2004 // Bermuda-based PartnerRe Ltd. has announced its intention to participate in the remarketing of the its 5.61 percent Series B Cumulative Redeemable Preferred Shares. “The Preferred Share is one of two component parts...
Brown & Brown Acquires C.F. Lake Co.
Dec 17 2004 // Brown & Brown Inc. of Daytona Beach and Tampa, Fla. has announced it has acquired C.F. Lake Limited doing business as C.F. Lake & Company of Minneapolis, Minn. C. F. Lake & Company is a retail property and...
Allianz Cornhill Sells Life Unit to Britannic
Dec 16 2004 // Allianz Cornhill, the U.K. operating division of Germany’s Allianz, has sold its U.K. direct life operations to the Britannic Group for £110 million ($212 million). The sale of the unit, which is closed to new...
PartnerRe Notice on Preferred Shares
Dec 15 2004 // Bermuda-based PartnerRe Ltd. announced that payment of a distribution on Capital Trust I Preferred Securities, and a dividend and contract adjustment payment on Premium Equity Participating Security (PEPS) Units, will be...
New Zealand Acquisition Expands Sirius Presence in Global Broker Market
Dec 15 2004 // Sirius Financial Solutions, a specialist supplier of software and services to the insurance and financial services industry, has acquired a majority share in New Zealand-based Datasure Management Systems Ltd. “This...
ING Canada Closes Allianz P/C Acquisition
Dec 10 2004 // ING Canada and Allianz Group have closed their previously announced definitive share purchase agreement for the acquisition by ING Canada of Allianz’ Canadian P/C operations. “Under the terms of the agreement,...
First Insurance Funding Names Miller Senior Sales VP
Dec 10 2004 // Northbrook, Ill.-based premium financer First Insurance Funding Corp. has named Jim Miller its senior vice president of sales. Miller will be responsible for the management of First’s sales efforts across the United...
13-member Fla. Citizens Task Force Discusses Funding, Customer Service
Dec 9 2004 // The first meeting of the Task Force on Policyholder Services and Relations to Citizens Property Insurance Corp. took place yesterday in Tallahassee. Participants have initially set up operating procedures and discussed how...
S&P Withdraws Rating on UMRE on Merger Talks with National Re
Dec 9 2004 // Standard & Poor’s Ratings Services announced that it has withdrawn its “Bpi” issuer credit rating and financial strength rating on Universal Malayan Reinsurance Corp. (UMRE). “The withdrawal is...
National Penn Bank Acquires D.E. Love Agency
Dec 9 2004 // National Penn Bancshares Inc. (NASDAQ: NPBC), parent company of National Penn Bank, has acquired D.E. Love Associates Inc., a full service insurance agency headquartered in Yardley, Pa. The deal was announced by Stamford,...
AmWINS Acquires N.C. Quaker Special Risk
Dec 8 2004 // Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS), a large independent wholesaler, has acquired the southeast office of Quaker Special Risk. AmWINS provides retail agents with insurance services, from...
Calif. Releases 2005 User Funding/Fraud/Uninsured Employer & Subsequent Injury Fund Rates
Dec 6 2004 // The California Department of Industrial Relations (DIR) has issued 2005 assessment rates for User Funding, Anti-Fraud Programs, the Uninsured Employer Benefit Trust Fund and the Subsequent Injury Benefit Trust Fund. State...
Planning to Grow: The Art of Agency Acquisition, Part One
Dec 6 2004 // Growing a firm through acquisition is somewhat like negotiating slippery winter roads: to do it well, one must know the terrain and current conditions and be extremely skillful. It’s not so wise to just jump in the...
Partners Continue to Come and Go, But It’s a Great Time to Jump in the Game
Dec 6 2004 // Partners Continue to Come and Go, But It’s a Great Time to Jump in the Game Program business over the past 10-15 years has been a rocky road for the insurance industry. Companies are in the game today, but gone...
OTHER STATES COULD RECONSIDER ANTHEM MERGER:
Dec 6 2004 // Georgia and West Virginia may reconsider their approval of the Anthem Inc./WellPoint merger, after learning about California’s $265 million concessions package. Seven other states, plus Puerto Rico, may decide to...
Gallagher Acquires Australian Broker FPE
Dec 3 2004 // Arthur J. Gallagher & Co. announced the acquisition of FPE Insurance Brokers Pty Ltd. of Sydney, Australia. The terms of the transaction were not disclosed. “First organized in 1993, FPE Insurance Brokers Pty...
ChoicePoint Acquires Priority Data Systems
Dec 3 2004 // ChoicePoint (NYSE: CPS), Alpharetta, Ga.-based provider of identification and credential verification services, has acquired Priority Data Systems, based of Omaha, Neb., a provider of comparative rating software solutions...
Aon Sells 9.8 Million Shares in Endurance
Dec 3 2004 // Bermuda-based Endurance Specialty Holding Ltd. announced that Aon Corporation has sold 9.8 million shares of Endurance common stock in a block sale to Goldman Sachs. The shares were sold under the Company’s Form S-3...
First Charter Corp. Adds Smith & Assoc. Insurance to N.C. Acquisitions
Dec 3 2004 // Smith and Associates Insurance Services Inc. of Charlotte, N.C., an independent property casualty agency that specializes in middle market commercial accounts has been acquired by First Charter Corp. (FCC), a large...
