Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
DriverShield to Acquire Presidion Solutions Inc.
Jan 23 2003 // Florida-based DriverShield Corp. reported that it has signed a non-binding Memorandum of Understanding to acquire Presidion Solutions Inc., a Professional Employer Organization (PEO) headquartered in Troy,...
A.M. Best Affirms A+ (Superior) Rating of PartnerRe Group
Jan 23 2003 // A.M. Best Co. has affirmed the group financial strength rating of A+ (Superior) of Bermuda-based PartnerRe Group and its core subsidiaries, Partner Reinsurance Company Ltd. (Bermuda), Partner Reinsurance Company of the...
Zurich North America Small Business Forms Partnership with Foremost Co.
Jan 22 2003 // As part of its strategy to provide independent agents with easy access to high-quality products and services through the internet, Zurich North America Small Business announced the formation of a cross-selling alliance...
Brown & Brown Sub Acquires Florida Intracoastal Underwriters
Jan 20 2003 // Madoline Corporation, a subsidiary of Brown & Brown Inc. announced it has acquired the remaining 25 percent interest in Florida Intracoastal Underwriters, Limited Company (FIU), held by Trenwick America Reinsurance...
MI-Assistant Acquires Applied Systems Rating Division
Jan 20 2003 // Illinois-based Applied Systems, Inc., an automation solutions provider for the property and casualty insurance industry, has reached an agreement to sell its Rating Division to MI-Assistant. “Economies of scale and...
Leucadia National Offers to Acquire Allcity Insurance Company Common Stock
Jan 16 2003 // New York’s Allcity Insurance Company announced that it has received a proposal from its indirect parent company, Leucadia National Corporation, the beneficial owner of approximately 91 percent of Allcity’s...
The Hartford Acquires Renewal Rights to Kemper’s Alternative Risk Programs
Jan 16 2003 // The Hartford Financial Services Group has purchased renewal rights to a significant portion of the Kemper Insurance Companies group captives business. “The Kemper captives are similar to The Hartford’s existing...
PartnerRe Appoints Jean-Marie Nessi Head of Non-U.S. Global P/C Business Unit
Jan 15 2003 // Bermuda-based PartnerRe Ltd. announced that Mr. Jean-Marie Nessi has been appointed Head of the Property & Casualty business unit for PartnerRe Global. He will report to Bruno Meyenhofer, CEO of PartnerRe...
BCBS of South Carolina Buys Benefits Administration Co.
Jan 14 2003 // As of January 2003, Thomas H. Cooper & Co., a corporate benefits administration firm. was sold to BlueCross BlueShield of South Carolina. Thomas H. Cooper & Co. will operate out of its Charleston office as an...
Bankers Sells First Community, Flood Renewal Rights
Jan 10 2003 // Officials of St. Petersburg, Fla.-based Bankers Insurance Group announced the sale of selected assets to Fidelity National Financial and Fidelity National Insurance Services has been finalized. In the sale, Fidelity...
Webster Financial to Acquire Conn. P/C Agency
Jan 7 2003 // Webster Financial Corporation, a Waterbury, Conn.-based holding company for banking and insurance subsidiaries, announced the acquisition of The Mathog & Moniello Companies, an insurance agency in East Haven...
Brown & Brown Completes Acquisition of MFC&V Ins Services
Jan 6 2003 // Brown & Brown Inc. and MFC&V Insurance Services, with offices in Santa Barbara, Lompoc and Camarillo, Calif., announced the finalization of their previously announced acquisition transaction, providing for Brown...
HRH Finalizes Mergers with the Freberg Group of Companies
Jan 3 2003 // Hilb, Rogal and Hamilton Company has completed the previously announced mergers with the Freberg group of companies (Freberg). Freberg has seven offices in three states, Colorado, Wyoming and Texas, revenues in excess of...
N.C.’s First Bancorp Acquires Montgomery County Agency
Jan 3 2003 // First Bancorp, the North Carolina-based parent company of First Bank and First Bank Insurance Services Inc., announced it has acquired Uwharrie Insurance Group Inc., a property and casualty insurance agency located in...
Report Prudential Unlikely To Buy Hyundai Securities
Jan 3 2003 // According to a report from Dow Jones Newswires, Prudential Financial’s negotiations to buy controlling stakes in Hyundai Group’s financial affiliates, Hyundai Investment Trust & Securities Co., Hyundai...
Cobalt Corporation Acquires CMS, Inc.
Jan 3 2003 // Cobalt Corporation announced that it has acquired Claim Management Services, Inc. (CMS), a third party administrator for self-funded employee benefit plans, based in Green Bay, Wis. from West Bend Mutual Insurance...
HCC Completes Acquisition of St. Paul Espana
Jan 2 2003 // Houston’s HCC Insurance Holdings, Inc. announced that it has completed the acquisition of the St. Paul’s Spanish operations, St. Paul Espana, Compania de Seguros, S.A., headquartered in Madrid. The acquired...
Hub Completes Acquisition of Fifth Third Insurance Services
Jan 2 2003 // Hub International Limited announced that it has completed the purchase of Indiana- based insurance broker, Fifth Third Insurance Services, Inc. The Chicago-based broker may have set some kind of record as well. It only...
Harleysville Mutual Finalizes Acquisition of Penn Mutual
Jan 2 2003 // Harleysville Mutual Insurance Company has completed the in-market acquisition of Penn Mutual Insurance Company’s operations. Harleysville Mutual owns 56 percent of Harleysville Group Inc., a publicly traded holding...
SAI-Fondiaria Merger Completed; Premafin to Sell Shares
Dec 31 2002 // The long delayed merger between Italian insurers SAI and La Fondiaria was officially completed over the weekend, except for a few “details.” Last week’s ruling by Consob, the Italian stock market...
