Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Summit Global Partners Expanding Service in Texas
Jul 30 2003 // International insurance brokerage and consulting company Summit Global Partners announced that Roman Sanchez has been named sales executive of Summit Global Partners of Texas. In his new position, Sanchez is charged with...
Arthur J. Gallagher & Co. Acquires Mass. Agency
Jul 25 2003 // Arthur J. Gallagher & Co. announced the acquisition of Andrew-Anthony Insurance Agency, Inc. of Wellesley, Mass. Founded in 1991, Andrew-Anthony Insurance Agency, Inc. is a full-service retail insurance broker...
Acordia’s American E&S Insurance Operation Acquires RMC2
Jul 24 2003 // American E&S Insurance Brokers of New York Inc. announced today the acquisition of RMC2, LLC, a national excess and surplus insurance broker with offices in the Chicago area and West Palm Beach, Fla. American E&S...
Kemper Sells Service Organization
Jul 22 2003 // The Long Grove, Ill.-based Kemper Insurance Cos. today announced the sale of its service platform, Kemper Services, to Platinum Equity LLC. The acquisition was closed today following approval by the Illinois Department of...
HRH Co. Acquires Remaining Interest in New World E&S, LLC
Jul 21 2003 // Hilb, Rogal and Hamilton Company has acquired the remaining 49 percent interest in New World E&S, LLC (New World), a casualty excess and surplus lines facility specializing in excess general liability and umbrella...
LewisCo Acquires Conn. TPA
Jul 17 2003 // Deerfield, Ill.-based LewisCo Group, a provider of specialized resources for the management of disability, absence and productivity for insurers and employers, today announced it has acquired the majority interest in...
BancorpSouth to Acquire Little Rock Agency
Jul 16 2003 // Tupelo, Miss.-based BancorpSouth Inc. has announced that it has executed a merger agreement with Little Rock-based Ramsey, Krug, Farrell & Lensing Inc. (RKF&L), one of Arkansas’ leading insurance firms....
