Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hancock Bank Closes Acquisition of J. Everett Eaves Inc.
Jul 5 2005 // Gulfport, Miss.-based Hancock Bank, announced the closing of its acquisition of one of New Orleans’ oldest property and casualty insurance agencies, J. Everett Eaves Inc. (JEE). Officials representing Hancock and JEE...
BOWDITCH INSURANCE ACQUIRED BY SOUTH FINANCIAL GROUP
Jul 4 2005 // Jacksonville, Fla.-based Bowditch Insurance Corp., an independent insurance agency based in Jacksonville, Fla., has been acquired by The South Financial Group of Greenville, S.C. The transaction became effective June 6,...
SureTec Sells PCL Contract Bonding Agency
Jul 1 2005 // Houston-based SureTec Financial Corp. announced the sale of its subsidiary, PCL Contract Bonding Agency, located in Lewisville, Texas. The acquiring individuals include Clem Lesch, president of PCL, and a group of...
Commerce Bancorp Buys Conn.’s BK International Insurance Brokers
Jul 1 2005 // Commerce Insurance Services, a wholly-owned subsidiary of Commerce Bancorp, Inc., has entered into an agreement to acquire BK International Insurance Brokers, Ltd., headquartered in Greenwich, Connecticut. The acquisition...
MetLife Nearing $11.5 Billion Funding Goal to Acquire Travelers Life
Jun 23 2005 // MetLife Inc. is well on its way to funding its $11.5 billion acquisition of Citigroup Inc.’s Travelers Life & Annuity. The New York City-based insurance company, which expects to raise $7.6 billion in debt and...
Romney Plan Would Require All to Buy Health Insurance …Or Else
Jun 23 2005 // Massachusetts Gov. Mitt Romney would require every person in the state to have health insurance under his plan for universal health coverage. The governor described the plan at a health care conference at the John F....
Best Affirms ING Canada Ratings, Including Acquired Allianz Operations
Jun 22 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) and has assigned issuer credit ratings (ICR) of “aa-” to the ING Canada Group. Best also said it had...
Affirmative Acquires Assets of Mich. Underwriting Agency
Jun 21 2005 // Addison, Texas-based Affirmative Insurance Holdings Inc. announced that it has signed a definitive agreement to acquire the assets of IPA LLC, an underwriting agency with operations in Michigan. The underwriting agency...
Lackluster organic growth kicks up broker M&A activity in May
Jun 19 2005 // Stock Prices: Broker stock prices shifted down 5 percent in April and May. The most dramatic change came from Aon Corp., whose stock closed down 14 percent from the previous two month period due mainly to flat first...
PartnerRe Receives Subpoena on Finite Reinsurance Investigation
Jun 17 2005 // PartnerRe Ltd. joined other Bermuda insurers – RenRe, and Platinum being the latest (See IJ Web site June 16) – in the small, but growing, club of reinsurers who have received subpoenas from the United States...
IAG to Buy Stake in R&SA (Thailand)
Jun 14 2005 // Insurance Australia Group announced that it has agreed to purchase a stake in Royal and SunAlliance (Thailand) Ltd. the country’s second largest insurer. Neither the size of the stake nor the purchase price were...
Hancock Bank to Acquire New Orleans’ J. Everett Eaves
Jun 14 2005 // Executives at 106-year-old Hancock Bank and at 87-year-old New Orleans-based independent insurance agency, J. Everett Eaves Inc. (JEE), announced they have signed a definitive agreement that would allow Hancock Bank to...
Bowditch Insurance Acquired by South Financial Group
Jun 10 2005 // Jacksonville, Fla.-based Bowditch Insurance Corp., an independent insurance agency founded in 1983 by Raynor E. Bowditch, has been acquired by The South Financial Group of Greenville, S.C. The transaction became effective...
Critics Emphasize Jobs at Conn. Hearing into MetLife-Travelers Merger
Jun 9 2005 // Hartford Mayor Eddie Perez criticized MetLife’s planned acquisition of Travelers Life & Annuity, calling for major changes in the company’s proposal to preserve jobs and mitigate the economic impact on...
Brown & Brown Acquires BeneTec Inc. of Ark.
Jun 8 2005 // Florida’s Brown & Brown Inc. reported its asset acquisition of BeneTec Inc. of Arkansas headquartered in Rogers, Ark. The announcement regarding the acquisition was made jointly by C. Roy Bridges, regional...
Chadbourne & Parke Expands London Office; 5 Partners Join Firm
Jun 7 2005 // The international law firm of Chadbourne & Parke LLP announced that it is strengthening its insurance and reinsurance practice with the appointment of five partners from Denton Wilde Sapte. The partners will be joined...
Thomson West, AIA Partner
Jun 3 2005 // Minnesota-based Thomson West and the American Insurance Association (AIA) announced a new partnership that will reportedly give AIA and its members valuable resources, educational opportunities and faster access to...
Hartford Mayor Moves to Block MetLife-Travelers Merger
Jun 2 2005 // Hartford Mayor Eddie Perez has asked the state insurance commissioner to block a planned merger of MetLife Inc. and Travelers Life & Annuity. Perez said MetLife has not offered a formal commitment to retain jobs and...
Strategy International to Acquire RS Group of Companies
Jun 1 2005 // Toronto-based Strategy International Insurance Group Inc., which provides specialty lines of insurance, reinsurance and structured risk underwriting focusing on credit risk and credit enhancement, has signed a letter of...
Assurex Adds New Partner in Thailand
May 26 2005 // Assurex Global — the world’s largest privately held risk management and commercial insurance brokerage group – announced that it has expanded its worldwide presence with the addition of an international...
