Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Liberty Mutual to Buy AGF’s Chilean Subsidiary
Aug 20 2004 // Boston-based Liberty Mutual Group will further expand its Latin American insurance business with the purchase of the insurance operations of AGF Allianz Chile S.A., a unit of France’s AGF, which is in turn a division...
Manufacturers Assoc. and State Fund Partner for Group Work Comp Insurance Savings
Aug 19 2004 // The California Manufacturers & Technology Association (CMTA) announced recently the formation of a partnership with the State Compensation Insurance Fund (SCIF), California’s largest work comp insurer, through...
Chinese Regulator Approves Willis Joint Venture
Aug 18 2004 // Global insurance broker Willis Group Holdings has received final approval and certification from the China Insurance Regulatory Commission (CIRC), for its joint venture operation, Willis Pudong Insurance Brokers Co., Ltd.,...
Consumers Financial Buys Syracuse, N.Y. Agency
Aug 16 2004 // Consumers Financial Corporation announced that it has signed a contract to purchase Fear & Fear, Inc., an insurance agency with 10 offices located in and around Syracuse, New York. The transaction is valued at $6...
All Risks Announces Acquisition of Dwyer & Assoc.
Aug 13 2004 // All Risks, LLC, a part of All Risks, Ltd., a national independent wholesale broker/ Managing General Agent headquartered in Baltimore, Maryland, announced the acquisition of Dwyer & Associates in Oakland, California...
Kroll Acquires U.K. Employee Screening Company
Aug 10 2004 // Kroll Inc., the global risk consulting company recently acquired by Marsh Inc., announced that Kroll Background Worldwide Limited (KBW), its London-based international background screening subsidiary, has acquired FPR...
Vista Insurance Partners Appoints Bishop as Senior Broker/Underwriter
Aug 10 2004 // Vista Insurance Partners, a San Antonio, Texas-based wholesale insurance broker, announced the appointment of Margie Bishop as senior broker/underwriter. Bishop will work with current and new Vista agents to develop new...
Frost Insurance Agency Acquires Sammons Group
Aug 4 2004 // Making its first foray into the Dallas market, San Antonio-based Frost Insurance Agency, a subsidiary of Frost National Bank, acquired the assets of The Sammons Group Inc., a full-service independent insurance agency, from...
N.J. Medical Society Files Suit to Block State-Approved Oxford Merger with UnitedHealthcare
Aug 3 2004 // The Medical Society of New Jersey has filed a lawsuit to block the merger of Oxford Health Plans (NJ), Inc. and UnitedHealthcare Inc., claiming it would create a health care monopoly that would not benefit consumers. The...
Brown & Brown Acquires Ark. Agency
Aug 3 2004 // Brown & Brown Inc. announced the acquisition of Arkansas-based Hardin & Wilson Inc., of Little Rock. Hardin & Wilson, with annualized revenues of approximately $1.2 million, is a full-service commercial...
Royal & SunAlliance Sells UK Life Operations
Jul 30 2004 // Royal & Sun Alliance announced it is selling sell its UK life insurance business to Resolution Group for $1.5 billion in a cash and stock deal. UK-based Royal & Sun Alliance said it will focus on its core general...
UnitedHealth Completes Merger with Oxford in Conn.
Jul 30 2004 // Connecticut Insurance Commissioner Susan F. Cogswell has signed an order approving the acquisition of Oxford Health Plans by UnitedHealthcare Group, Inc. UnitedHealth Group announced that it completed the merger yesterday...
FNB to Buy Pittsburgh Independent Agency
Jul 29 2004 // F.N.B. Corporation (NYSE: FNB) announced in Hermitage, Pa., an agreement to purchase Morrell, Butz & Junker, Inc., an insurance agency based in Pittsburgh that offers property and casualty, life, and health insurance,...
PartnerRe Continues Strong Numbers Growth
Jul 27 2004 // Bermuda-based PartnerRe Ltd. reported net income of $119.8 million, or $2.12 per share on a fully diluted basis, for the second quarter of 2004. This net income includes net after-tax realized gains on investments of $10.1...
Darwin, Target Markets Partner to Offer E&O
Jul 21 2004 // Darwin Professional Underwriters Inc. and the Target Markets Program Administrators Association have announced a program that establishes Darwin as the preferred provider of errors and omissions (E&O) liability...
AssuranceAmerica Acquires Atlanta Agency
Jul 21 2004 // Atlanta-based AssuranceAmerica Corporation announced it has acquired the assets of The Insurance Market, an Atlanta insurance agency with annual premium volume of $8.0 million. According to Lawrence (Bud) Stumbaugh,...
Arthur J. Gallagher Acquires Johnsey Insurance Agency
Jul 20 2004 // Itasca, Ill.-headquartered Arthur J. Gallagher & Co. announced the acquisition of Johnsey Insurance Agency Inc., of Fresno, Calif. Terms of the transaction were not disclosed. Founded in 1942, Johnsey Insurance Agency...
Professional Underwriters in Pa. Acquired by Kronenberg
Jul 15 2004 // A group of private investors led by William Kronenberg, III, has completed its acquisition of designated assets of Professional Underwriters which include name, renewal rights and other undisclosed assets. Professional...
Hub International Acquires Payne & Company
Jul 12 2004 // Hub International Limited announced that Hub International of California Inc., has purchased for an undisclosed amount of cash the assets of Payne & Company Insurance Brokers Inc. Payne was founded in 1973 and earns...
Milne Scali & Company Acquires Finkbeiner Agency
Jul 12 2004 // Richard W. Milne Jr., chairman of Milne Scali & Company, a subsidiary of BNC National Bank and its parent company BNCCORP, Inc. and Bob Finkbeiner, principal of the Finkbeiner Agency of Prescott Valley, Arizona,...
