Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Shults Appointed VP at Vista Insurance Partners
Jul 8 2003 // Wholesale insurance broker Vista Insurance Partners announced the appointment of Russell Shults as vice president in its San Antonio office, located at 5750 Northwest Parkway, Suite 100. Shults has more than 13 years...
InMarket Partners Names New Senior Partner
Jul 8 2003 // InMarket Partners, LLC announced today that Scott L. Stanton of Berwyn, PA had been named a Senior Partner at the strategic insurance communication firm. Scott comes to InMarket Partners from AIG and Reliance Standard Life...
Private Business Sells InsuranceManager Business
Jul 3 2003 // Private Business Inc. of Brentwood, Tenn., a provider of cash flow and retail inventory management solutions for community banks and small businesses, reported it has sold the assets of its InsuranceManager(TM) business to...
Corporate Systems, Great American Form Partnership
Jul 3 2003 // Amarillo, Texas-based Corporate Systems Inc., a property/casualty claims lifecycle management and reporting solutions provider, announced that Great American Insurance Group successfully implemented CS TeleClaim and EDI...
First Niagara Risk Management Acquires Two Rochester Agencies
Jul 3 2003 // First Niagara Risk Management, Inc., the wholly-owned insurance subsidiary of First Niagara Bank and its parent, First Niagara Financial Group, Inc., announced that it has reached agreements to acquire two Rochester-based...
Gallagher Acquires Manhattan Agency
Jul 2 2003 // Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired J.A. Lorenzo & Co. of New York City. Founded in 1985, J.A. Lorenzo is a full-service retail insurance broker offering risk management, marine cargo,...
Alleghany Completes Acquisition of R&SA’s RSUI
Jul 2 2003 // Alleghany Corporation and the U.K.’s Royal & Sun Alliance announced that they have successfully completed the sale of Royal Specialty Underwriting, Inc., R&SA’s Atlanta, Georgia-based excess and...
James River Group Forms; Buys Fidelity Excess & Surplus
Jul 2 2003 // The James River Group Inc. announced it has formed as an insurance holding company headquartered in Chapel Hill, N.C. Additionally, the company reported that it bought Fidelity Excess and Surplus Insurance Company from...
Benefit Partners of America Established
Jul 2 2003 // Three experienced employee benefits executives announced the formation of a new national firm, Nashville-based Benefit Partners of America LLC, which will specialize in providing a balanced program of employer- and...
F.N.B. to Acquire Central Fla. Agency
Jul 2 2003 // Naples, Fla.-based F.N.B. Corporation announced it has agreed to acquire Lupfer-Frakes Insurance, an independent insurance agency located in Central Florida. Terms of the transaction were not disclosed. Founded in 1918,...
HCC to Acquire Two La. Commercial Marine Underwriters
Jul 1 2003 // Houston-based HCC Insurance Holdings Inc. has reached an agreement to acquire Covenant Underwriters Ltd. and Continental Underwriters Ltd., both headquartered in Covington, La. Terms of the transaction were not disclosed,...
Torquest Partners, Other Investors Acquire Gerllng’s Canadian P/C Operations
Jul 1 2003 // Torquest Partners Inc., Newport Partners Inc., CIBC Capital Partners, a division of Canadian Imperial Bank of Commerce, and company senior management (the Investors) announced that they have acquired Gerling Canada...
FNB Acquires Central Fla. Agency
Jun 30 2003 // FNB Corp. announced the signing of a definitive agreement to acquire Lupfer-Frakes Insurance, an independent insurance agency located in Central Florida. Terms of the transaction were not disclosed. Founded in 1918, the...
Brown & Brown Acquires Texas Agency
Jun 25 2003 // Florida-based Brown & Brown Inc. acquired the assets of Bailey-Gosling Associates Inc., a retail commercial property/casualty insurance agency located in San Antonio, Texas. The acquisition announcement was made...
Insurance Auto Auctions Acquires N.C. Salvage Disposal Co.
Jun 24 2003 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the U. S., announced the acquisition of Wilmington Salvage Disposal Company in Castle Hayne, N. C., which is located just...
International Marine Insurance Services, Markel American Partner a Program for World Cruisers
Jun 17 2003 // International Marine Insurance Services (IMIS) and Markel American Insurance Company have partnered to establish The JacklineSM Insurance Program for world cruisers. Much like the safety gear after which it is named, this...
ZFS Sells U.K. Fund Manager – Capital Goals Achieved
Jun 16 2003 // Zurich Financial Services took another step towards restoring its battered capital position to robust health with the announcement that it has agreed to sell Threadneedle, its U.K. find management subsidiary, to American...
Community Banks Completes Acquisition of Shultz Insurance Agency
Jun 16 2003 // Pennsylvania-based Community Banks, Inc. (CBI) announced that it has completed its acquisition of Shultz Insurance Agency, Inc. of Hanover. Terms of the acquisition were not disclosed. “The Shultz Insurance Agency,...
State Auto Shareholder Raises Takeover Bid
Jun 16 2003 // State Auto Financial Corp.’s largest individual shareholder boosted his takeover offer for the property and casualty insurer to about $316 million, but the firm’s majority owner gave the offer a frosty...
Royal Bank of Scotland Buys Churchill from CSG’s Winterthur
Jun 12 2003 // The Royal Bank of Scotland (RBS) and Winterthur, the insurance arm of the Credit Suisse Group (CSG), have concluded a deal for RBS to acquire Churchill Insurance, CSG’s principle U.K. general insurance division, for...
