Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Venture Programs Partners with Discover Re for Technology and Life Sciences
Nov 13 2003 // Venture Programs (www.ventureprograms.com), a provider in the design and underwriting of select industry-focused insurance packages, announced an underwriting partnership with Discover Re for its Venture Technology and...
San Francisco and Zurich to Form Knowledge-Sharing Partnership
Nov 13 2003 // In an effort to enhance economic and intellectual knowledge-sharing between two similar regions, San Francisco and Zurich are coming together to forge the San Francisco-Zurich Initiative (SFZH Initiative). The program,...
RewardsPlus Forms Marketing Partnership with Riggs, Counselman, Michaels and Downes
Nov 13 2003 // RewardsPlus, a provider of benefits management technology, has entered into a joint marketing partnership with Riggs, Counselman, Michaels and Downes (RCM&D), a broker of insurance, risk management and employee...
Axa Looking for More European Acquisitions
Nov 12 2003 // French insurer Axa is seeking further acquisitions on the European continent, but according to a statement by CEO Henri de Castries it is not looking to purchase Italy’s Generali, Reuters has reported. “That is...
BISYS Acquires Fla.-Based USA Group
Nov 11 2003 // BISYS, a provider of business process outsourcing solutions for the financial services sector, announced its acquisition of Florida-based USA Insurance Group, a managing general agency (MGA) serving the commercial property...
Fiserv Acquires MI-Assistant Software
Nov 5 2003 // Brookfield, Wis.-based insurance software-maker Fiserv Inc. has acquired MI-Assistant Software Inc. — a rating and automation product provider to insurance agents and companies in the Midwest — as part of its plan to...
CompManagement Inc. Announces Calif. Acquisition
Nov 5 2003 // CompManagement Inc. (CMI) announced the acquisition of Octagon Risk Services Inc. (Octagon) on Oct. 3, 2003. CMI now enters the western United States by acquiring the strongest regional claims management firm in...
Elektra Buys Cigna’s Mexican Business
Nov 3 2003 // Mexico’s Grupo Elektra S.A. de C.V., one of the country’s biggest retailers, announced that it has received approval from the Ministry of Finance to purchase “a private insurance company in Mexico that...
Allcity Announces Approval of Plan for Leucadia Acquisition
Nov 3 2003 // Allcity Insurance Company announced that the New York Insurance Department has approved the minority share acquisition plan adopted by Leucadia National Corporation, as part of its acquisition of the...
Donegal Group to Acquire Peninsula from Folksamerica
Oct 31 2003 // The Pennsylvania-based Donegal Group, Inc. announced that it has agreed to acquire all of the outstanding capital stock of the Peninsula Insurance Group from Folksamerica Reinsurance Company. “The acquisition is...
PartnerRe Appoints Vito H. Baumgartner to Board of Directors
Oct 30 2003 // Bermuda’s PartnerRe Ltd. announced that Vito H. Baumgartner has been appointed to its Board of Directors, effective November 1, 2003. The announcement noted that “Mr. Baumgartner, 63, is a Group President and...
Acordia Acquires Cleveland Agency
Oct 29 2003 // Chicago-based Acordia Inc., the world’s sixth largest insurance brokerage and a subsidiary of Wells Fargo & Co., has acquired the assets and business of Malenas Insurance Agency, headquartered in Cleveland,...
Odyssey Re Holdings Corp. Notes Acquisition of Surplus Lines Shell
Oct 29 2003 // Odyssey Re Holdings Corp. announced that its subsidiary, Odyssey America Reinsurance Corporation, had closed on its purchase of the shell company, General Security Indemnity Company, from SCOR Reinsurance Company. The...
Gallagher Acquires HRadvantage
Oct 27 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced the acquisition of HRadvantage LLC of Waukegan, Ill. Terms of the transaction were not disclosed. Founded in 1994, HRadvantage LLC is a human...
AMS Group Acquires Rackley Systems
Oct 27 2003 // The Connecticut-based AMS Group announced that it has acquired Rackley Systems, Inc., a leading provider of Commercial Lines and Personal Lines rating products and services to the independent agent, insurance carrier and...
Willis Acquires Ital Re
Oct 27 2003 // Willis Group Holdings, the world’s third largest insurance broker, announced that it has agreed to acquire Ital Re SpA, a major Italian reinsurance broker. The bulletin described Ital Re as “a leader in...
