Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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,...
AXA Closes MONY Acquisition; Best Notes ‘A+’ Rating
Jul 9 2004 // AXA Financial, Inc., announced that, “following the receipt of all required regulatory approvals and the satisfaction of all conditions in its merger agreement,” it has completed its acquisition of The MONY...
QualSure Obtains Approval from Fla. OIR to Acquire Sunshine State Insurance Co.
Jul 8 2004 // John Lombardo, chairman of the Board of Directors of QualSure Holding Corp., the parent Company of QualSure Insurance Corp. and QualSure Underwriting Agencies Inc., announced that a firm agreement has been reached by...
All Risks Notes Ga. Acquisition
Jul 8 2004 // All Risks Ltd., a national independent wholesale broker/ Managing General Agent headquartered in Baltimore, recently announced the acquisition of Overstreet and Newell in Atlanta. All Risks Ltd. was founded in 1964 and...
National Penn Bank Acquires Pennsurance
Jul 6 2004 // National Penn Bancshares, Inc. (Nasdaq: NPBC) in Boyertown, Pa., parent company of National Penn Bank, has acquired Pennsurance, Inc. (“Pennsurance”), an insurance agency headquartered in Oley, Pa. Pennsurance...
Odyssey Re to Buy OPL’s Opus Re
Jul 6 2004 // Odyssey Re Holdings Corp. announced that it has entered into a stock purchase agreement with Overseas Partners Ltd. to acquire all of the capital stock of Overseas Partners US Reinsurance Company (Opus Re), a Delaware...
Mergers, Mergers On The Wall, Who Is The Prettiest Of Them All’
Jul 5 2004 // As mergers start to take off in insurance and financial sectors, the realignment of these newly-stirred corporate philosophies must be properly captured and correctly projected through their new corporate name personas....
Centrica Sells U.K.’s AA for $3.18 Billion
Jul 2 2004 // The British utility group Centrica has agreed to sell its Automobile Association (AA) unit to a group of private investors for £1.75 billion ($3.18 billion). The AA, which is roughly equivalent to the AAA in the U.S., has...
Swiss Re to Acquire Life Assurance Holding Corp.
Jul 2 2004 // In a move designed to increase its presence in the U.K.’s life and pension market, Swiss Re announced that it will acquire the shares of Life Assurance Holding Corporation Limited (LAHC), including its life insurance...
Hub Closes Talbot Acquisition
Jul 2 2004 // Chicago-based brokerage giant Hub International Ltd. announced completion of its previously announced acquisition of Talbot Financial Corp., a $100 million revenue insurance brokerage based in Albuquerque, New Mexico. The...
Fla.’s Brown & Brown Acquires New England Agency
Jul 1 2004 // Brown & Brown, Inc., based in Daytona Beach, Fla., has acquired the assets of The Mc Duffee Insurance Agency, with offices with offices in Merrimack and Dover, N.H. and Peppercell, Mass. The McDuffee Insurance Agency,...
Hub International Acquires B. & D.A. Weisburger
Jul 1 2004 // Hub International Limited has announced that its New York-based wholesale insurance division, Program Brokerage Corporation (PBC), has acquired, for an undisclosed amount of cash and Hub stock, the assets of B. & D.A....
