Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
First Advantage Buys Omega Insurance Services
Sep 11 2003 // First Advantage Corporation, a St. Petersburg, Fla.-based provider of enterprise and consumer screening solutions, announced its purchase of Omega Insurance Services, also headquartered in St. Petersburg. Omega conducts...
Aspen Expands Into U.S. E&S Business; Acquires Dakota Specialty Insurance Co.
Sep 10 2003 // Aspen Insurance Holdings Limited, a provider of global reinsurance and specialty insurance, is expanding into the U.S. excess and surplus lines business through the acquisition of Dakota Specialty Insurance Company from...
Acordia Acquires Second Omaha Agency
Sep 9 2003 // Chicago-based brokerage Acordia Inc. has acquired the assets and business of McDermott Brokerage Inc., headquartered in Omaha, Neb. The McDermott Brokerage has served clients in the Omaha area since 1980, specializing in...
Acordia Acquires Houston Agency
Sep 9 2003 // Acordia Inc., a subsidiary of Wells Fargo & Company, announced acquired Wisenberg Insurance + Risk Management, a privately held insurance and risk management firm in Houston, Texas. The acquisition closed September 1,...
Travelers Buys Renewal Rights To Comm. and Pers. Lines Businesses of R&SA
Sep 5 2003 // Travelers Property Casualty Corp. announced that it has purchased the renewal rights to Royal & SunAlliance USA’s commercial lines national accounts, middle market and marine businesses, and standard and...
Brown & Brown Acquires Washington Operations
Sep 5 2003 // Florida’s Brown & Brown Inc. went on a buying spree recently and acquired three insurance operations in the state of Washington: Canfield and Associates Inc. and Canfield Insurance Services Inc., of Ephrata,...
R&SA Confirms 1st Half Profit Increase, Rights Issue; Sells Some U.S. Renewal Rights to Travelers
Sep 4 2003 // The U.K.’s Royal & Sun Alliance confirmed a 14.25 percent increase in net group profits for the first half of 2003 – £351 million ($556 million), compared to £301 million ($477 million) in 1st half 2002....
Republic Acquired by Private Investor Group
Sep 2 2003 // The Republic Group of Insurance Companies, www.Republink.com, based in Dallas, announced the completion of its acquisition by a private investor group, in a cash transaction valued at $127 million. Republic was previously...
XL America, ICAT Form Partnership to Underwrite CAT Risks for Small and Mid-Size Businesses
Sep 2 2003 // XL America, Inc., a subsidiary of XL Capital Ltd., announced the execution of a general agency agreement with International Catastrophe Insurance Managers, LLC (ICAT), of Boulder, Colo., a specialist in underwriting...
AIG Completes Acquisition of GE’s Japan Life and U.S. Auto Business
Aug 29 2003 // American International Group, Inc. announced that “the acquisition of the GE Edison Life Insurance Company in Japan and GE’s U.S.-based auto and home insurance business has been completed, effective...
Willis Group Acquires San Diego-based Cogdill Bonding
Aug 19 2003 // Willis Group Holdings Limited announced that it has signed definitive agreements to acquire Cogdill Bonding and Insurance Services Inc. (“Cogdill Bonding”), the assets of the sole proprietorship of Scott J....
Oneida Financial to Acquire MacDonald/Yando Agency
Aug 15 2003 // Oneida Financial Corp., the parent company of The Oneida Savings Bank, announced that it intends to acquire an additional insurance agency operating in Central New York State, and has signed a Letter of Intent with the...
Alliant Resources Group Acquires Franey, Parr & Muha, Colonail Healthcare
Aug 11 2003 // Alliant Resources Group, Inc. (Alliant) has acquired Maryland-based Franey, Parr & Muha, Inc. (FPM) and Colonial Healthcare, Inc. (CHC). Headquartered in Lanham, Md., with offices in Chantilly, Va., FPM was founded in...
Hull & Co. Buys New Orleans Agency
Aug 6 2003 // Hull & Co. announced it purchased the book of business of New Orleans, La.-based Insurance Brokers & Managers Inc. (IB&M). “The purchase of the IB&M business and the addition of Madelyn Cohen and...
PartnerRe Ltd. Reports Record 2ndQ and First Half 2003 Results
Aug 5 2003 // PartnerRe Ltd. reported record results for the second quarter and first half of 2003. PartnerRe president & CEO Patrick Thiele, commented, “We had an exceptional second quarter. In addition to setting a new...
Old National Acquires Fort Wayne Agency
Aug 5 2003 // Evansville, Ind.-based Old National Bancorp has closed the deal to acquire Insurance & Risk Management, a 160-employee insurance agency with offices in Fort Wayne and Indianapolis, Ind. Insurance & Risk...
Maclean, Oddy & Assoc. Acquired by HRH
Aug 4 2003 // Dallas-based Maclean, Oddy & Associates Inc. (Maclean Oddy), an excess and surplus lines agency with brokerage and underwriting capabilities, has been acquired by Richmond, Va.’s Hilb, Rogal and Hamilton...
BB&T to Acquire Nashville-Based Agency
Aug 4 2003 // BB&T Insurance Services of Raleigh, N.C., plans to expand its Tennessee operation with the acquisition of Cooper, Love & Jackson in Nashville. According to BB&T, it already owns the BB&T-Thornton &...
SCOR Continues to Negotiate Sale of Commercial Risk Partners
Aug 4 2003 // As previously announced, SCOR has been negotiating the sale of Commercial Risk Partners (CRP), its Bermuda-based alternative risk reinsurance subsidiary, to a potential purchaser pursuant to a letter of intent executed on...
Assurant Group Partners with SupportSoft for Automated Customer Service
Aug 4 2003 // SupportSoft Inc. announced that Assurant Group has purchased the Company’s software to support customers benefiting from Assurant’s extended service contracts. Assurant is a global provider of risk management...
