Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
USI Acquires O’Leary-Kientz
Dec 16 2003 // Birarcliff Manor, N.Y.-based USI Holdings Corp. announced it has acquired all the issued and outstanding capital stock of Cincinnati, Ohio-based O’Leary-Kientz, Inc. Established in 1980, O’Leary-Kientz provides...
Alliance, NAII Boards Approve Merger; New Organization Would be Called PCI
Dec 16 2003 // The Board of Directors of the Alliance of American Insurers and the Board of Governors of the National Association of Independent Insurers (NAII) have adopted a resolution approving a merger agreement between the two...
Imagine Completes Greenwich Acquisition; Expands Global Operations
Dec 16 2003 // The Imagine Group announced from its Barbados headquarters that it has completed the acquisition of a two-thirds equity interest in Greenwich Managing Agency at Lloyd’s. The bulletin said Greenwich would be renamed...
Gallagher Acquires Calif. Broker
Dec 15 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced the acquisition of Avery-Hammer Insurance Associates, Inc. of Fresno, California. Terms of the transaction were not disclosed. Founded in 1980,...
HCC to Acquire American Contractors Indemnity Company
Dec 11 2003 // Stephen L. Way, chairman and CEO of Houston-based HCC Insurance Holdings Inc., announced that HCC reached an agreement to acquire Surety Associates Holding Co. Inc. and their subsidiary American Contractors Indemnity...
White Mountains to Acquire Sirius Insurance
Dec 9 2003 // Bermuda-based White Mountains Insurance Group, Ltd. announced that it has entered into a definitive agreement with ABB Ltd. of Switzerland to acquire the Swedish-based Sirius Insurance Group for 3.22 billion SKr. ($437...
Proformance to Acquire MetLife Auto & Home’s Agency Produced N.J. Business
Dec 9 2003 // New Jersey’s Proformance Insurance Company announced that it will acquire the independent insurance agency-produced New Jersey auto and homeowners insurance business of MetLife Auto & Home for $10 million in...
OneBeacon to Acquire Atlantic Mutual’s Commercial Insurance Business
Dec 8 2003 // OneBeacon Insurance Company, a wholly owned subsidiary of White Mountains Insurance Group, Ltd., has signed an agreement in principle to acquire the Atlantic Specialty Insurance Company, a subsidiary of Atlantic Mutual,...
Armstrong/Robitaille Insurance to Acquire Knight Insurance Agency
Dec 4 2003 // UBOC Insurance Inc., a wholly-owned subsidiary of Union Bank of California, N.A., announced that Armstrong/Robitaille Insurance Services has signed a definitive agreement to acquire Knight Insurance Agency....
PMA Capital Sells Finite Reinsurance Renewal Rights to Imagine Group
Dec 3 2003 // Philadelphia-based PMA Capital Corp. announced that its subsidiary, PMA Capital Insurance Company (PMA Re), has executed a definitive agreement with Imagine Insurance Company Limited, to sell the renewal rights to its...
IBC Says Partnerships Are Key in Fight Against Auto Theft
Dec 1 2003 // Insurance Bureau of Canada recently joined with Toronto Police in announcing the initial results from Project Heat (Help Eliminate Auto Theft). In the first three weeks of the latest round of Project Heat, Toronto Police...
Travelers, St. Paul Announce Mega Merger
Dec 1 2003 // In the wake of the “Terminator” taking the helm as California’s new governor, Travelers Property Casualty Corp. and The St. Paul Companies Inc. announced plans to merge, forming the nation’s second...
Travelers, St. Paul Announce Mega Merger Valued at $16.4 Billion
Dec 1 2003 // In the wake of the “Terminator” taking the helm as California’s new governor, Travelers Property Casualty Corp. and The St. Paul Companies Inc. announced plans to merge forming the nation’s second...
Brown & Brown of Texas Acquires Benefit Dynamics
Nov 28 2003 // Michael A. Garguilo, president and chief operating officer of Brown & Brown Insurance Services of Texas Inc., a wholly owned subsidiary of Brown & Brown Inc., announced the asset acquisition of Houston-based...
Hearing to Discuss Proposed Merger of Wash.-based Eagle Pacific Insurance with American Protection Insurance
Nov 26 2003 // The Washington Office of the Insurance Commissioner will hold a hearing Dec. 3, 2003, to consider the proposed merger of Eagle Pacific Insurance Company, a domestic Washington insurer, and American Protection Insurance...
Gallagher Acquires La.-based Babcock Consulting
Nov 24 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced the acquisition of Babcock Consulting Inc. of Metairie, La. Terms of the transaction were not disclosed. Established in 1997, Babcock Consulting...
AFG Completes Merger With Subsidiary
Nov 21 2003 // Cincinnati-based insurer American Financial Group, Inc. has completed its merger with its subsidiary, American Financial Corporation. The merger significantly increases AFG shareholders’ equity and simplifies the...
APPEX Partner Receives Award
Nov 19 2003 // Marsh, Berry & Company, Inc. announced that Kuhl & Company Insurance, one of its Agency Peak Performance EXchange (APPEX) Partners received the Professional Independent Insurance Agencies of Illinois (PIIAI) 2003...
Applied Systems Partners with BenefitPoint to Offer Customers Integration with Web-Based Benefits Package
Nov 19 2003 // Applied Systems, Inc. announced a strategic partnership with BenefitPoint, Inc., providing CRM and procurement for employee benefits professionals. Working together, Applied’s agency management software...
Fitch Places Travelers on Rating Watch Negative Following Merger Notification
Nov 19 2003 // Fitch Ratings has placed the ‘AA’ Insurer Financial Strength (IFS) ratings of the members of the Travelers Property Casualty Group (Travelers) and the ‘A’ senior debt and long-term issuer ratings of...
