Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Proformance to Acquire Sentry’s N.J. Auto and Homeowners
Oct 21 2003 // New Jersey’s Proformance Insurance Company announced that it has agreed to acquire the New Jersey auto and homeowners insurance business of Sentry Insurance, a Mutual Company of Stevens Point, Wisconsin. Proformance...
Fireman’s Fund Named Partner of Big ‘I’ Markets
Oct 16 2003 // Fireman’s Fund Insurance Company is the newest partner in the Big “I” Affluent Package Program that is accessible through Big “I” Markets, the online market-access program developed by the...
The Adam Corporation/Group Completes Acquisition of Reliable Reports, Inc.
Oct 16 2003 // The Adam Corporation/Group (“TAC”), a privately owned holding company, announced today it has completed the acquisition of all of the outstanding stock of Reliable Reports, Inc. (“Reliable”), an...
N.J.’s Borden Perlman Celebrates 7th Merger Year
Oct 14 2003 // New Jersey’s Borden Perlman agency recently celebrated the seventh anniversary of their successful merger, completed in 1996. The firm has offices in Lawrenceville and Trenton specializing in a broad range of P/C...
S&P Comments on AMP De-merger; Sees No Rating Change
Oct 10 2003 // Standard & Poor’s Ratings Services noted that regulatory authorities have agreed in principle to AMP’s proposed capital structure for its Australian and U.K.-based entities to be created under a de-merger...
AIG to Buy 9.9% Stake in Chinese P/C Insurer
Oct 10 2003 // American International Group plans to further expand its already extensive activities in China by Buying a 9.9 percent stake in PICC Property & Casualty Co., the country’s largest general insurer with a 70...
Applied Systems Partners with nuServe to Offer Integrated Web Based Risk Management Services
Oct 10 2003 // Applied Systems, Inc. and nuServe, a web based risk management services company, announced that they will work together to provide integration between Applied’s agency management systems The Agency Manager and The...
AFG Increases Payout in Proposed Merger
Oct 8 2003 // Cincinnati-based insurer American Financial Group Inc. announced that it and its subsidiary, American Financial Corporation (AFC), have agreed to amend their pending merger agreement, to provide for an increase in the...
LOMA, AICPCU/IIA Partner to Offer P/C Concentration for LOMA’s Associate, Customer Service Designation
Oct 6 2003 // LOMA and the American Institute for CPCU/Insurance Institute of America (AICPCU/IIA) have partnered to offer a new property-casualty concentration in LOMA’s Associate, Customer Service (ACS) professional designation...
Community First Acquires Colo. Agency
Oct 3 2003 // Fargo, N.D.-based insurer Community First Insurance Inc. has acquired the Summit Insurance Group, located in Frisco, Colo., with offices in Leadville and Vail. “This purchase marks our 17th insurance acquisition...
Hub Acquires Mass. Agency
Oct 3 2003 // Chicago-based brokerage Hub International Ltd. announced the acquisition of the assets of Commonwealth Insurance Agency Inc., headquartered in Lowell, Mass. The firm, with approximately $300,000 in annual revenue, was...
Hub International Acquires N.J.’s Sondheim & Laughlin, Mass. Commonwealth Insurance Agency
Oct 2 2003 // Chicago-based Hub International announced two new acquisitions to its growing network of regional brokerages. It has acquired the stock of Sondheim & Laughlin, Inc. of Iselin, New Jersey and the assets of Commonwealth...
Leesport Financial to Acquire CrosStates Insurance Consultants
Oct 2 2003 // A statement, issued by financial consultants North Bridge Advisors, gives details of the acquisition by its client, Leesport Financial Corp., of Wyomissing, Penn, of CrosStates Insurance Consultants, Inc., a full-service...
Safeco Sells Life & Investments to Focus on P/C Insurance
Sep 30 2003 // Aiming to be one of the top-performing companies in its sector, Safeco unveiled a new corporate structure with a clear focus on delivering Property & Casualty insurance products. As a result, Safeco intends to sell...
Community Banks Completes Acquisition of Your Insurance Partner
Sep 25 2003 // Community Banks, Inc., based in Harrisburg Pa., has completed its acquisition of Your Insurance Partner, an insurance agency with offices in Mechanicsburg and Dillsburg, Pa. WFG Capital Advisors, a leading investment...
CIMS Partners with InterWest, Hirman Insurors
Sep 23 2003 // Commercial Insurance Marketing Services (CIMS), a full-service insurance business development company, announced InterWest, the largest independent insurance agency in Northern California, and Hirman Insurors, a...
GlobeXplorer, CDS Business Mapping Partner to Provide Online Aerial Photography in Ins. Analysis
Sep 18 2003 // Walnut Creek, Calif.-based GlobeXplorer LLC announced an agreement with CDS Business Mapping LLC to provide online aerial photography for CDS’ insurance analysis packages. GlobeXplorer is a wholly-owned subsidiary of...
Community Banks Acquires Pa. Agency
Sep 17 2003 // Community Banks Inc. has completed its acquisition of Your Insurance Partner, with offices in Mechanicsburg and Dillsburg, Pa. Going forward, Your Insurance Partner will continue to operate as a division of Community Banks...
Fiserv Acquires Unisure From Paragon
Sep 16 2003 // Brookfield, Wis.-based Fiserv Inc. has acquired the assets of Unisure Inc. a provider of reinsurance software and related services, and has formed a strategic relationship with Unisure’s former parent, Paragon...
Willis Group Acquires St. Paul Agency
Sep 16 2003 // Brokerage giant Willis Group Holdings Ltd. announced the asset acquisition of River City Agency LLC, an agency located in St. Paul, Minn. River City is a specialized insurance broker dedicated to serving the needs of the...
