Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
MMC to Buy Kroll for $1.9 Billion
May 19 2004 // Marsh & McLennan Companies, Inc. (MMC) and Kroll Inc. have announced that MMC will acquire Kroll, the world’s leading risk mitigation services firm, in a move that will “broaden significantly the range of...
U.S.I. Holdings Corp. Teams with Boston Celtics as Official Risk Management Partner
May 18 2004 // U.S.I. Holdings Corp. announced a multi-year partnership naming USI the official risk management partner of the Boston Celtics. Under this agreement, USI will exclusively provide the Celtics with all risk management...
Alliant Resources Group Acquires Gaddy Ward
May 17 2004 // Alliant Resources Group Inc., one of the largest U.S. insurance brokerage and financial services distribution companies, announced the acquisition of California-based Gaddy Ward & Company Insurance Brokers. Gaddy Ward...
Gallagher Acquires Specialty Advisory Services
May 14 2004 // Itasca, Ill.-based Arthur J. Gallagher & Co. announced the acquisition of Specialty Advisory Services, Inc. of Morristown, N.J. Terms of the transaction were not disclosed. Incorporated in January 2000, Specialty...
Wachovia Open to More Insurance Acquisitions
May 13 2004 // Wachovia Corp. is looking to make more acquisitions in the insurance brokerage business, but don’t expect any immediate mergers, chairman and chief executive officer Ken Thompson said. Speaking at the UBS Global...
TechAssure Partners with Euclid Managers
May 13 2004 // Phillip W. Mason, chairman of TechAssure Association, Inc., announced that TechAssure has formed an alliance with Euclid Managers, LLC of Kansas City, Missouri. Euclid Managers, LLC is an underwriting manager, as well as...
Lawrence Joins Charter Partners in Risk Management
May 11 2004 // Charter Partners USA, Inc., a firm with offices in Easton, Penn. and Hampton, N.J. that serves 320 business owners with business services and products, has named Steven H. Lawrence to the newly created position of chief...
BenefitMall Completes Group One Source Acquisition
May 11 2004 // Dallas-based broker services company, BenefitMall, announced the completion of its acquisition of Group One Source, a national employee benefits marketing organization, from Lincoln Financial Advisors Corporation. Group...
Assurant Employee Benefits Sells WorkAbility Division
May 10 2004 // Assurant Employee Benefits (formerly Fortis Benefits) announced the sale of its WorkAbility division to Broadspire Services Inc. “This transaction allows Assurant Employee Benefits to continue to build on our...
RMS, Marshall & Swift/Boeckh Form Partnership to Enhance Property Valuation for Risk Analysis
May 6 2004 // Newark Calif.-based Risk Management Solutions (RMS), a leading provider of products and services for the management of catastrophe risk, and Marshall & Swift/Boeckh (MS/B), leaders in building cost solutions to the...
Renggli to Head PartnerRe Finite Reinsurance-Global
May 5 2004 // Bermuda-based PartnerRe Ltd. announced that Thomas Renggli has been appointed to head the company’s Finite Reinsurance, Global unit. He will be based in Zurich, Switzerland and will be responsible for the production...
Driver-Alliant Acquires Gaddy Ward
May 5 2004 // Operating out of a single location in Lodi, Calif., Gaddy Ward & Company Insurance Brokers announced the sale of their agency to Driver-Alliant Insurance Services Inc., a wholly-owned subsidiary of Connecticut-based...
Brown & Brown Acquires Powers Agency Assets
May 4 2004 // Daytona Beach, Fla.-based brokerage Brown & Brown Inc. announced the asset acquisition of Powers Agency Inc., based in Clarkston, Mich. The Powers Agency, with annualized revenues of about $1 million, is a general...
Acordia Buys Leading Dayton Agency
May 4 2004 // Chicago-based brokerage giant Acordia Inc. announced it has acquired Dayton, Ohio-based Baldwin & Whitney, one of the oldest and largest independent insurance agencies in the Midwest. The acquisition doubles the size...
Lawrence Named Chief Risk Officer at Charter Partners
May 4 2004 // Charter Partners USA Inc., a firm that serves an entrepreneurial community of 320 business owners with business services and products, has named Steven H. Lawrence to the newly created position of chief risk...
Gateway Insurance Services Acquires Whitehurst Insurance Agency
May 4 2004 // Gateway Financial Holdings Inc., the holding company for Gateway Bank & Trust Co., announced that its subsidiary, Gateway Insurance Services Inc., purchased Whitehurst Insurance Agency, Inc. effective May 1, 2004....
Swiss Re Completes Admin Re Acquisition of CNA’s Individual Life Insurance Business
May 3 2004 // Swiss Re announced that it has completed its previously announced Admin Re acquisition of CNA Financial Corp.’s individual life insurance business for approximately $700 million. “The in force business, which...
Hooper Holmes Buys Mid-America Agency Services
May 3 2004 // Hooper Holmes, Inc. (AMEX:HH) of Basking Ridge, N.J., has acquired privately held Mid-America Agency Services, Inc. (MAAS), which provides risk selection services to the insurance underwriting industry. In addition to...
BB&T Finalizes Acquisition of Capitol Premium Plan
May 3 2004 // North Carolina-based BB&T Corporation has completed its acquisition of insurance premium finance company Capitol Premium Plan Inc. of Charlotte, N.C. BB&T has combined the 43-year-old firm with Prime Rate Premium...
Demotech Buys Title Insurance Publication
Apr 30 2004 // Columbus, Ohio-based financial and actuarial services firm Demotech Inc. announced that it has purchased the publishing and distribution rights to the 2004 and all future editions of CDS Performance of Title Insurance...
