Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Zurich Sells Majority Interest in ZC Sterling Corporation to Trident III
May 24 2005 // Zurich Financial Services Group (Zurich) and Trident III, L.P., an investment trust, announced that they have signed a definitive stock purchase agreement for Trident to acquire Zurich’s equity stake of approximately...
Independent Banks Partner to Save on Calif. Workers’ Comp Costs
May 19 2005 // Facing ever-increasing workers’ compensation costs, a group of California banks received approval from the FDIC and filed an application with the State of California to form a self-insurance group (SIG) and is...
Conn.’s Sinclair Group Acquires Surety Specialist, J. Biron
May 19 2005 // The Sinclair Insurance Group of Wallingford, Conn. has enhanced its commercial insurance services through the acquisition of a leading surety bond specialist for the Northeast construction industry. As of May 1, 2005, J....
Regions Insurance Acquires Galbreath Insurance Agency
May 18 2005 // Regions Insurance Group, a subsidiary of Regions Financial Corp., has through its subsidiary Rebsamen Insurance Inc. acquired the customer accounts of Memphis-based Galbreath Insurance Agency. In addition, Rebsamen has...
So. Africa’s Old Mutual in Acquisition Talks with Skandia
May 16 2005 // South Africa’s Old Mutual plc confirmed that it is in preliminary discussions with Skandia concerning a potential transaction. It said only that “discussions are at an early stage and may or may not lead to Old...
Glennon Insurance Selected as Irish Partner by HLA Global
May 16 2005 // Dublin-based broker Glennon Insurance has been appointed as the Irish partner of HLA Global, the world’s largest network of independent insurance brokers HLA Global is a partnership network between Acordia (a Wells...
PartnerRe Announces Plan to Repurchase up to 5 Million Shares
May 12 2005 // Bermuda’s PartnerRe Ltd. announced that its Board of Directors has approved an increase in the company’s stock repurchase authorization for a total of up to 5 million common shares. “This reflects an...
T.H. Lee Partners to Sell 11.6 Million Shares of AXIS Capital
May 12 2005 // Bermuda-based AXIS Capital Holdings Limited announced that Thomas H. Lee Partners and related entities (T.H. Lee) have agreed to sell approximately 11.6 million of AXIS Capital’s common shares in a block trade. The...
Specialty Underwriters Partners With Public Entity Specialist
May 12 2005 // Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Specialty Risk Solutions, which is also based in the Windy City and specializes in the public entity segment...
The Hartford, Aetna Partner Up on Workers’ Comp Plan
May 11 2005 // The Hartford Financial Services Group Inc. and Aetna announced a strategic workers’ compensation relationship to help manage the rising costs of workplace injuries and illnesses. The Hartford has contracted with...
G.J. Sullivan Co. Acquires Books of Business
May 10 2005 // Orange, CA – G. J. Sullivan Co. Excess & Surplus Lines, Inc., Orange, CA and London American General Agency (LAGA) of San Diego and Arizona announce that they have signed a definitive agreement for GJS to...
The Family That Farms Together, Sells Insurance Together
May 9 2005 // Suydam Agency Firmly Planted in Community It Serves They could sweep me out of my office and I know that the business would continue just fine. But what am I going to do if I’m not here? I’m not going to work...
Darwin Acquires Ulico Indemnity Shell
May 6 2005 // Darwin National Assurance Company has acquired 100 percent of the stock of Ulico Indemnity Company from Ulico Casualty Company, a ULLICO subsidary. The purchase price was $3 million for licenses and approximately $22...
Wachovia Acquires Palmer & Cay
May 6 2005 // Palmer & Cay Inc., a Savannah, Ga.-based insurance brokerage and benefits consulting firm with $150 million in annual revenues has been acquired by Wachovia, Corp. of Charlotte, N.C. As a result of the acquisition,...
Hub International Acquires Reinsurance Intermediary THB
May 3 2005 // Hub International Limited has entered the reinsurance brokerage market through the acquisition of THB Intermediaries, Inc., which was formed in Los Angeles more than 20 years ago. Terms of the cash and common stock...
CAS Talks Mergers and Acquisitions, Finite Insurance at Phoenix Meeting
Apr 28 2005 // The actuarial role in mergers and acquisitions and the future of finite insurance will be among the topics featured at the Spring Meeting of the Casualty Actuarial Society (CAS), May 15-18, at The Pointe South Mountain...
FINEOS Becomes IBM Premier Business Partner
Apr 27 2005 // The Irish-based FINEOS Corporation, an innovator of banking and insurance software, has achieved the Premier level within IBM’s PartnerWorld program. “By working closely with IBM on development and marketing...
Organizations Collaborate, Form ‘The Georgia Alliance’ Education Partnership
Apr 27 2005 // A collaboration between The National Alliance for Insurance Education & Research and The Professional Insurance Agents (PIA) of Georgia has resulted in a new insurance education partnership in Georgia: The Georgia...
Report Tokio Marine in Talks to Acquire ABN AMRO’s Brazilian Insurance Unit
Apr 22 2005 // With a saturated and highly competitive home market, Japanese insurers are increasingly looking abroad for opportunities to expand. According to a report from the Japanese business newspaper Nihon Keizai, as reported by...
S&P Sees No Rating Affect in AXA/Finaxa Merger
Apr 21 2005 // The Paris office of Standard & Poor’s Ratings Services has issued a statement indicating that it does not expect the proposed merger of Finaxa (not rated) into AXA (A/Stable/A-1) to affect the ratings on AXA,...
