Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
WFG Capital Advisors Makes Industry Sourcebook on Mergers, Acquisitions Available
Feb 25 2004 // WFG Capital Advisors LP, an investment banking firm to the insurance industry, announced the release of its 2004 Financial Insights – Agency and Brokerage Merger & Acquisition Sourcebook. This publication...
The Devlin Group to Acquire Forethought Financial Services, Inc.
Feb 17 2004 // The New York-based Devlin Group, an investment firm organized by a group of prominent insurance industry executives, announced that FFS Holdings, Inc., an acquisition vehicle organized by it, has signed a definitive...
HCC Closes Its Acquisition of American Contractors Indemnity Company
Feb 16 2004 // Stephen L. Way, Chairman and Chief Executive Officer of HCC Insurance Holdings Inc., announced that the Company had closed its acquisition of American Contractors Indemnity Company (ACIC), headquartered in Los Angeles,...
Frontenac Acquires Calif. MGU
Feb 13 2004 // Chicago-based private equity investment firm Frontenac Co. LLC announced that it has acquired a majority interest in WNC Insurance Services, based in South Pasadena, Calif. WNC, a managing general underwriter (MGU), is a...
Gallagher Acquires R. P. O’Brien & Co.
Feb 13 2004 // National agent/broker Arthur J. Gallagher & Co. has acquired R. P. O’Brien & Co., Inc. of White Plains, New York. Terms of the transaction were not disclosed. Founded in 1988, R. P. O’Brien & Co....
N.C. SAFE KIDS Partners with Kiwanis Clubs for Child Passenger Safety Week
Feb 12 2004 // Nearly 40 SAFE KIDS coalitions and chapters throughout North Carolina with the support of Kiwanis Clubs are sponsoring a statewide Child Passenger Safety Seat Check Saturday, Feb. 14. The seat check, which will be held in...
Xchanging Acquires RebusIS
Feb 11 2004 // Kinnect isn’t the only technology-based initiative making news around Lloyd’s (See previous article). Xchanging Ltd., its back office service provider and in independent company, is expanding its presence in...
PartnerRe Announces 5% Jan. Growth
Feb 11 2004 // Bermuda’s PartnerRe Ltd. continues to see increasing revenues. Following its good earnings report (See IJ Website Feb.10), the company announced that during the January 2004 renewal season it had bound Non-Life...
Lisa Colletto Named Partner in Pinnacle
Feb 11 2004 // Pinnacle Training & Consulting, headquartered in Simsbury, Conn., a leading provider of training, implementation services, and insurance education to the insurance industry, announced that Lisa Colletto has been named...
PartnerRe Reports $104.5 million Q4 Net; $467.7 Million Full Year
Feb 10 2004 // Bermuda-based PartnerRe Ltd. reported net income, which includes capital gains and losses on investments, of $104.5 million, or $1.84 per share on a fully diluted basis, for the quarter ended December 31, 2003. Net income...
Arthur J. Gallagher & Co. Acquires Louisiana Agencies
Feb 9 2004 // Illinois-based Arthur J. Gallagher & Co. announced it has acquired Roberts & Eastland LLC and Persac Insurance Agency of Baton Rouge, La., effective Jan. 31, 2004. Terms of the transactions were not...
Swiss Re to Acquire CNA’s Life Business for $690 Million
Feb 5 2004 // Swiss Re announced that it has reached an agreement to acquire Chicago-based CNA Financial’s individual life insurance business, as well as a life insurance servicing and administration facility in Nashville, Tenn.,...
XL in Partnership with City of Zurich to Provide Career Education Program
Feb 5 2004 // Bermuda’s XL Capital Ltd. announced that its global Property and Casualty insurance subsidiary, XL Insurance Switzerland (XLIS), is to fund a career education program developed and offered by the Careers Guidance...
BenefitMall Completes Acquisition of Colorado Group Services
Feb 3 2004 // BenefitMall, one of the nation’s leading broker services companies, announced that it has purchased the assets of Colorado Group Services (CGS), a full-service general agency that has served Colorado’s...
Kibble & Prentice Acquires BGI Inc.
Feb 2 2004 // As part of its strategy to grow through acquisitions and provide its customers with expanded services and market access, Seattle-based Kibble & Prentice has acquired BGI Inc., a player in the Northwest insurance...
Brown & Brown Acquires Doyle Consulting Group
Feb 2 2004 // Florida’s Brown & Brown, Inc announced the asset acquisition of Doyle Consulting Group, Inc. and Doyle Consulting Group of New Jersey, Inc. with offices in Philadelphia, Penna. and Woodbridge, N.J. by a Delaware...
BB&T Insurance Services Finalizes Acquisition of Ala. Firm
Feb 2 2004 // North Carolina-based BB&T Insurance Services has completed its acquisition of McGriff, Seibels & Williams Inc. of Birmingham, Ala., creating the sixth largest insurance broker in the nation. The transaction was...
ISO Acquires Quality Planning Corporation
Jan 30 2004 // Insurance Services Office Inc. (ISO) has acquired Quality Planning Corporation (QPC), a San Francisco-based provider of analytic methods for helping auto insurance companies achieve greater rating integrity. Terms were not...
Lloyd’s Partners with London Police
Jan 29 2004 // “East London Bobbies will be experiencing the world of brief cases and pin-striped suits as part of a new mentoring scheme,” said a bulletin from Lloyd’s. Senior police officers from Tower Hamlets will...
Texas Mutual, Argonaut Partner for Other States Coverage
Jan 28 2004 // Texas Mutual Insurance Company announced it is partnering with Argonaut Insurance to offer workers’ compensation coverage for Texas-based businesses that have operations in other states. The agreement will apply to...
