Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
BB&T Completes SEFCO Acquisition
Apr 2 2003 // BB&T Corporation reported that it has completed the company’s acquisition of insurance premium finance company Southeast Fidelity Corporation (SEFCO) of Tallahassee, Fla. BB&T has combined the 5-year-old...
The Enstar Group Acquires Reinsurer
Apr 2 2003 // The Enstar Group Inc. of Montgomery, Ala., announced its partially owned equity affiliate, Castlewood Holdings Limited (Castlewood Holding”), and Shinsei Bank, Limited (Shinsei) have completed the acquisition of The...
InMarket Partners and Venture Programs Launch Joint Media Operation
Apr 1 2003 // InMarket Partners, LLC (InMarket) and Venture Programs, Inc. (Venture) jointly announced the formation of a new insurance media buying operation. InMarket’s in-house media planning and placement services will now...
S&P Sees Limited Impact from Tokio, Nichido Merger
Mar 31 2003 // Standard & Poor’s Ratings Services has issued a statement indicating that “the merger plan between Tokio Marine & Fire Insurance Co Ltd. (AA-/Negative/–) and Nichido Fire & Marine Insurance...
Wm. Rigg Co. Acquires Robert H. Leonhart Agency
Mar 31 2003 // Cecil Y. Ray Jr., chairman, The Rigg Group, and Charles Reynolds, executive vice president, Wm. Rigg Co., announced Wm. Rigg Co. has acquired the Robert H. Leonhart Insurance Agency Inc. Robert Leonhart has joined Wm. Rigg...
Brown & Brown Acquires Rogers and Associates Insurance
Mar 25 2003 // Brown & Brown Inc. announced it has agreed to the asset acquisition of Rogers and Associates Insurance Inc. of Palm Harbor, Fla., in a transaction effective April 1, 2003. Rogers and Associates Insurance, with...
Walter Kielholz to Retire from PartnerRe’s Board; Dividend Payment Set
Mar 24 2003 // Bermuda’s PartnerRe Ltd. announced that Walter Kielholz will not stand for re-election as a Director of PartnerRe Ltd., in order to devote more time to his new role as Chairman of Credit Suisse Group and his...
Brown & Brown Acquires MGAs
Mar 21 2003 // Brown & Brown Inc. of Daytona Beach and Tampa, Fla., announced it has acquired managing general agencies in Georgia and North Carolina in transactions effective March 1. Saville & Associates Inc. of Norcross,...
Brown & Brown Acquires Entertainment & Sports Insurance Experts
Mar 19 2003 // Florida’s Brown & Brown Inc. announced it acquired Entertainment & Sports Insurance Experts Inc., a commercial property and casualty insurance agency based in Atlanta, Ga. The transaction was consummated...
Sir Robert Horton Retires from PartnerRe’s Board of Directors
Mar 19 2003 // Bermuda-based PartnerRe Ltd. announced that Sir Robert Horton has chosen to retire from its Board of Directors, effective February 25, 2003, “as a result of the increased responsibility in his current capacity as...
Compass Bancshares Acquires Texas Agency
Mar 18 2003 // Birmingham, Ala.-based Compass Bancshares Inc. recently expanded its agency base with the acquisition of Maxson-Mahoney-Turner Inc. of Dallas, Texas. According to Compass, Maxson-Mahoney-Turner, established in 1915, has...
Sky Sells $50 Million in Notes
Mar 18 2003 // Sky Financial Group Inc., the Bowling Green, Ohio-based corporate parent of Sky Insurance, has announced that it has sold $50 million in subordinated notes. The notes were issued and sold in a private offering pursuant to...
Arthur J. Gallagher & Co. Acquires Calif. Agency
Mar 14 2003 // Arthur J. Gallagher & Co. announced the acquisition of Benefits Planning & Insurance Agency, Inc. of Larkspur, Calif. Founded in 1978, Benefits Planning & Insurance Agency (“BPI”) is one of the...
Monte Dei Paschi Acquires 3.1% Stake in Generali
Mar 14 2003 // Monte Dei Paschi, Italy’s fifth largest bank, has acquired a 3.1 percent stake in Assicurazioni Generali, the country’s largest insurer, for an estimated 798 million Euros ($877 million), based on the...
Summit Global Partners Launches New Marine Practice
Mar 13 2003 // International insurance brokerage and consulting company Summit Global Partners has formed a new group specializing in complex marine risks. The Marine Practice Group, which will be located in San Francisco, will service...
Compass Bancshares Expands Ins. Holdings, Acquires Mueller & Assoc.
Mar 13 2003 // Compass Bancshares Inc., headquartered in Birmingham, Ala., announced it has acquired Mueller & Associates Inc., of Tucson, Ariz., a full-line general insurance brokerage firm. Mueller & Associates has revenues...
Allianz, Partners Close Terror Insurer for Lack of Business
Mar 13 2003 // “I was misinformed.” That line from “Casablanca” was apparently echoed last week with the announcement that Allianz and its five partners had decided to shut down their Luxembourg-based terrorist...
Segal Sells Near North Brokerage; New Accusations Loom
Mar 10 2003 // February brought good news and bad news in the saga of Chicago-based Near North National Group owner Michael Segal. The good news: He found a buyer for his brokerage operations. The bad news: Federal prosecutors filed...
Cordia Sells Remaining Insurance Subs. to Management Group
Mar 6 2003 // Cordia Corp., an Orlando, Fla.-based provider of telecommunication and tech-enabled outsourced services, announced it has sold its remaining insurance-related operating subsidiaries, for the purchase price of $750,000 in...
Brown & Brown Acquires Acumen Re Management Corp.
Mar 3 2003 // Florida’s Brown & Brown Inc. announced its acquisition of Acumen Re Management Corporation, of Mount Laurel, N.J., in a transaction effective March 1. Acumen Re Management Corporation, with annual revenues of...
