Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Toronto-Dominion Bank to Buy Liberty Mutual Auto and Home Units
Jan 21 2004 // Toronto-based Meloche Monnex, a subsidiary of Toronto-Dominion Bank, has agreed to acquire Liberty Mutual Group’s Canadian automobile and homeowner insurance operations for an undisclosed price. When the acquisition...
Willis Acquires Danish Reinsurance Broker
Jan 14 2004 // London-based global brokerage Willis Group Holdings announced it has agreed to acquire Kirecon A/S, based in Copenhagen. Terms were not disclosed. Kirecon is a leader in providing reinsurance broking services in Denmark....
St. Louis MGA Acquired by BISYS
Jan 14 2004 // New York City-based commercial lines wholesaler BISYS has acquired St. Louis-based Uhlemeyer Services Inc., a managing general agency that specializes in workers’ compensation. BISYS said the acquisition complements...
Document Sciences, Align360 Partner on Streamlining Enterprise Content Workflow for Companies
Jan 13 2004 // Document Sciences Corporation, a provider and innovator in automating creation and delivery of enterprise business communications, and Align360, a provider of information technology and management consulting services to...
Alliance, NAII Boards Approve Merger; New Group to be Called PCI
Jan 12 2004 // The governing boards of two of the nation’s largest property/casualty trade groups have agreed to a merger that would have more than 1,000 members and represent 40 percent of the P/C marketplace. The National...
Chicago Benefits Provider Acquired By USI
Jan 8 2004 // Briarcliff Manor, N.Y.-based USI Holdings Corp. has acquired all the issued and outstanding capital stock of Chicago-based Diversified Insurance Services Inc. Established in 1985, Diversified provides group and individual...
Donegal Completes Peninsula Acquisition
Jan 7 2004 // Pennsylvania-based Donegal Group Inc. has completed the previously announced acquisition of all of the outstanding capital stock of The Peninsula Insurance Company and Peninsula Indemnity Company from Folksamerica Holding...
Sky Acquires Spencer-Patterson Insurance Agency
Jan 7 2004 // Bowling Green, Ohio-based banking and insurance firm Sky Financial Group Inc. has acquired Spencer-Patterson Agency, Inc. of Findlay, Ohio. Spencer-Patterson is a full-service agency that sells professional liability,...
HCC Sells Benefits Subsidiary
Jan 6 2004 // Houston-based HCC Insurance Holdings Inc. announced it has sold the business and substantially all of the assets of its retail brokerage subsidiary, HCC Employee Benefits Inc. (HCCEB) to Capital Risk LLC, a subsidiary of...
Community First Acquires Colorado Insurance Agency
Jan 5 2004 // Community First Bankshares Inc., through its affiliate, Community First Insurance Inc., has acquired Arnold & Arnold, Inc., Littleton, Colo. Community First also has acquired an insurance book of business from...
Donegal Finalizes Le Mars Acquisition
Jan 5 2004 // Marietta, Pa.-based Donegal Group Inc. completed the previously announced acquisition of all of the outstanding capital stock of an affiliated company, Le Mars Mutual Insurance Co. of Iowa, following the conversion of Le...
Brooke Corp. Sub Acquires Texas All Risk
Jan 5 2004 // Overland Park, Kans.-based Brooke Corporation’s insurance brokerage subsidiary, CJD & Associates, announced the acquisition of Texas All Risk General Agency Inc., of Dallas, Texas. CJD & Associates...
Brown & Brown Announces N.Y./N.J. Acquisitions
Jan 5 2004 // Brown & Brown, Inc. announced that it has acquired Niagara Risk Management Associates, Inc. And Niagara Benefits Group, Inc., both based in Williamsville,N.Y., and the Pashley Insurance Agency of Marmora New Jersey....
Mass. Approves Newbury/Dorchester Merger
Dec 31 2003 // Massachusetts’ officials have approved the merger of West Newbury Mutual Fire Insurance Co., a Massachusetts domiciled company, into Dorchester Mutual Insurance Co., also a Massachusetts company. The purpose of the...
Gallagher Acquires Connor Hale Kerslake
Dec 31 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced the acquisition of London-based Connor Hale Kerslake Ltd. Terms of the transaction were not disclosed. It is Gallagher’s 13th acquisition in...
U.S.I. Holdings Acquires Houston Company
Dec 30 2003 // U.S.I. Holdings Corporation announced the acquisition of substantially all the operating assets of Houston-based The Benefits Team (TBT). TBT has been providing employee benefits to middle market clients since 1996. USI...
AIG Mergers & Acquisitions Division Notes Launch of Global Web Site
Dec 29 2003 // The AIG Mergers & Acquisitions Division, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), announced the launch of its newly designed global Web site,...
Millea to buy Skandia Japan Life Unit for $186 Million
Dec 24 2003 // Millea Holdings Inc., Japan’s largest general insurer, announced plans to acquire the Japanese life business of Sweden’s Skandia Insurance Co. for 20 billion yen ($186 million) in early 2004. “By...
FTC Grants Early End to St. Paul/Travelers Merger Review
Dec 24 2003 // The St. Paul Companies and Travelers Property Casualty Corp. announced that the Federal Trade Commission has granted early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act in...
ADP Claims Services Group Announces Agreement to Acquire ABZ
Dec 22 2003 // San Ramon, Calif.-based ADP Claims Services Group, a division of Automatic Data Processing Inc. has entered into a definitive agreement to acquire ABZ Group B.V., a privately held company in the Netherlands, Peter Op de...
