Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Highway PLC Acquisition Unlikely to Affect Chaucer Ratings Says S&P
Mar 25 2005 // Standard & Poor’s Ratings Services indicated that its “3” Lloyd’s Syndicate Assessment (LSA) on Chaucer – Syndicate 1084 (Chaucer or the syndicate) is “unlikely to be affected by...
Brooke Sells Stock of Topeka Company
Mar 25 2005 // Overland Park, Kan.-based agency franchisor Brooke Corp. announced that it has sold all of its holdings of First American Capital Corp. to the company in a privately negotiated transaction. First American is the holding...
Hylant Group Acquires Ann Arbor Agency
Mar 25 2005 // Toledo, Ohio-based agency Hylant Group has acquired Dobson-McOmber Agency to form Hylant of Ann Arbor. Steve Dobson, owner of Dobson-McOmber Agency, will retain an ownership in and serve as president of the Hylant of Ann...
N.Y. Court Denies Workers’ Compensation Survivor Benefits for Same-Sex Partner
Mar 23 2005 // A New York man who sought workers’ compensation benefits after his same-sex partner of more than 20 years was killed in an airplane crash has been denied his claim. The Appellate Division of the Supreme Court of the...
Maryland’s NAIS Partners with GE Insurance Solutions for its Nationwide Innkeepers Program
Mar 22 2005 // GE Insurance Solutions recently launched an insurance program for innkeepers with its newest program partner, NAIS, Inc. The comprehensive policy covers the inn, the owner, and the guest. The program is active in 48 states...
Leavitt Sells Interest in Leavitt Group
Mar 22 2005 // Motivated by federal ethical standards, Health and Human Services Secretary Mike Leavitt has divested his interests in two Utah-based, family owned corporations. Because his agency oversees the insurance and animal health...
M&A Services Expands to N.Y. City
Mar 18 2005 // Merger & Acquisition Services Inc., a financial intermediary and advisor to the insurance marketplace, is opening of a New York City office. Merger & Acquisition Services Inc., (http://www.merger-acquisition.net)...
S&P Assigns PartnerRe (Ireland) ‘AA-‘ Rating; Affirms Partner Re Ratings
Mar 16 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “AA-” financial strength rating to Partner Re Ireland Insurance Co. (PRII), a newly formed subsidiary of Bermuda-based PartnerRe...
ATLANTA M&A WORKSHOPS SLATED MAY 1-3
Mar 7 2005 // Mergers & Acquisitions: A Workshop for Insurance Agents and Bank Executives has been scheduled for May 1 to 3 in Atlanta by the Council of Insurance Agents and Brokers, the American Bankers Insurance Association and...
Med-Mal Writer ProAssurance to Expand Mid-Atlantic Reach with NCRIC Merger
Feb 28 2005 // Brimingham,Alabanama-based medcial malpractice insurer ProAssurance Corporation (NYSE: PRA) and NCRIC Group, Inc., our of Washington, D.C., (NASDAQ: NCRI) announced an agreement to merge NCRIC into ProAssurance in a $69.6...
Imagine Group Completes Danish Re Acquisition
Feb 24 2005 // The Barbados-based Imagine Group announced that its subsidiary, Imagine Insurance Company Limited, has completed the acquisition of Danish Re (Bermuda) Ltd. and all related subsidiaries of the Danish Re Group...
N.Y. Equity Firm Buys Insurance Auto Auctions
Feb 24 2005 // Insurance Auto Auctions, Inc. in Westchester, Ill. has signed an agreement to be acquired by affiliates of Kelso & Company, a New York based private equity investment firm. The aggregate value of the merger...
Wholesale Brokers Become Hot Potatoes and Hot Properties for Mergers & Acquisitions
Feb 23 2005 // The decisions of two of the largest insurance brokers to sell off their wholesale divisions is a reaction to the Spitzer investigations and could be a sign of more to come, according to insurance merger...
Willis Acquires CGI Consulting Group
Feb 23 2005 // Willis Group Holdings has acquired CGI Consulting Inc., an employee benefits firm selling to mid-size companies predominantly in the mid-Atlantic and northeast region of the United States. CGI has annual revenues of...
Guaranty Insurance Acquires Calif.-based Walter Mortensen Insurance
Feb 22 2005 // Guaranty Insurance Services Inc., the second-largest insurance agency in Texas, announced that it has acquired Walter Mortensen Insurance of Bakersfield, California. This move doubles the agency’s size in...
Savage & Associates Buys Christie Financial Services
Feb 22 2005 // Toledo, Ohio-based Savage & Associates Inc. has expanded operations by acquiring the assets of Christie Financial Services, a full-service insurance agency in Oak Harbor, Ohio. Christie Financial Services was founded...
IAG Plans to Buy 25% of China Pacific Property
Feb 21 2005 // Insurance Australia Group (IAG), the country’s largest automobile and home insurer, is reportedly planning to buy a 25 stake in China Pacific Insurance Co.’s property unit. A report from Bloomberg.com said that...
Kings & Pawns: Excess Brokers’ Moves and Mergers
Feb 21 2005 // The emergence of large national and regional firms and the creation of networks of brokers as industry kings are transforming the nation’s wholesale insurance marketplace but experts maintain that independent...
Guaranty Insurance Services Acquires Calif. Agency
Feb 16 2005 // Austin, Texas-based Guaranty Insurance Services Inc. announced the acquisition of Walter Mortensen Insurance of Bakersfield, Calif. This move doubles the agency’s size in California. With eight offices in...
May 1-3 Mergers & Acquisitions Workshops in Atlanta
Feb 16 2005 // Mergers & Acquisitions: A Workshop for Insurance Agents and Bank Executives has been scheduled May 1 to 3 in Atlanta by the Council of Insurance Agents and Brokers, the American Bankers Insurance Association and Regan...
