Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Ward-U.S. Risk Acquires Ward North America Subs
Mar 8 2004 // Ward-U.S. Risk LLC, a newly formed corporation, acquired Ward North America, Spectrum Managed Care and SubroNet from Ward North America Holding Inc. Jeffrey Ward, president and CEO of Ward-U.S. Risk LLC, announced the...
Quotesmith.com to Buy Term-Life Telemarketer
Mar 5 2004 // Darien, Ill.-based online brokerage Quotesmith.com announced that it has reached a definitive agreement to acquire the assets of privately held Life Quotes Inc., an Evergreen, Colo.-based life insurance agency which...
Conn. Approves Travelers-St. Paul Merger with Certain Conditions
Mar 4 2004 // With the condition that the combined firm keeps certain employment, tax and charitable commitments to her state, Connecticut Insurance Commissioner Susan Cogswell has approved the acquisition of Travelers Property Casualty...
Vista Insurance Partners Expands Select Agent Program
Mar 3 2004 // Vista Insurance Partners, a wholesale insurance broker headquartered in San Antonio, reported the expansion of its successful Select Agent Program to incorporate an additional 100 independent agents. Russell Shults was...
Sierra Military Health Services Agrees to Acquisition of Contracts, Leases by Health Net
Mar 3 2004 // Sierra Military Health Services Inc. (SMHS), a subsidiary of Sierra Health Services Inc., announced that it has entered into a binding commitment with Health Net Federal Services (Health Net) of Rancho Cordova, California,...
New Jersey Broker Acquired By American Wholesale Insurance Group
Mar 2 2004 // American Wholesale Insurance Group, a large independent wholesale insurance broker, has acquired New Jersey-based Property Risk Services, LLC. (PRS), a property wholesale brokerage group. “The addition of PRS...
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...
