Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
HCC Closes Acquisition of Dickson Manchester
Dec 27 2002 // Stephen L. Way, Chairman and CEO of Houston’s HCC Insurance Holdings, announced that the Company had closed their recently announced acquisition of London-based Lloyd’s broker Dickson Manchester & Company...
HSBC to Buy Singapore Insurer
Dec 26 2002 // London-based Hong Kong & Shanghai Bank Holdings Plc (HSBC) has agreed to acquire Singapore-based Keppel Insurance for around $86 million in cash. The group is currently owned by the Belgian-Dutch Fortis Group and...
Sun Bancorp to Acquire Mid-Penn Insurance Associates
Dec 26 2002 // Sun Bancorp Inc., a bank holding company headquartered in Selinsgrove, Penn., announced plans to acquire Mid-Penn Insurance Associates Inc., an independent insurance agency located in Sunbury, Penn. Mid-Penn Insurance...
Community Banks to Acquire Shultz Insurance Agency
Dec 24 2002 // Community Banks Inc. of Harrisburg, Pa. announced an agreement to acquire Shultz Insurance Agency Inc., based in Hanover. Subject to regulatory approvals, the transaction is expected to close in the first quarter of...
Florida’s Brown & Brown Acquires Oklahoma Agency
Dec 24 2002 // C. Roy Bridges, regional executive vice president of Florida-based Brown & Brown Inc. , and W. Brent LaGere, chairman and CEO of LaGere & Walkingstick Insurance Agency Inc., of Chandler, Okla., announced that...
Hilb, Rogal and Hamilton Announces Merger with Freberg Group
Dec 23 2002 // Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance intermediary, announced that it has signed definitive merger agreements with the Freberg group of companies (Freberg), expected to be effective...
SAI-La Fondiaria Merger Approved – On Condition
Dec 23 2002 // The long running saga of SAI’s takeover of la Fondiaria in an effort to create Italy’s second largest insurance group, may finally be heading for a conclusion, as two key regulatory agencies, the ISVAP, which...
Alliant Resources Acquires Calif.-based Austin, Cooper & Price
Dec 20 2002 // Alliant Resources Group Inc. (Alliant), an insurance brokerage and financial services distribution company, announced the acquisition of Calif.-based Austin, Cooper & Price Insurance Agency Inc. (ACP). ACP is a...
Willis Acquires Sports and Entertainment Brokerage
Dec 19 2002 // Global insurance broker, Willis Group Holdings, has acquired the assets of sports and entertainment insurance brokerage firm, Special Risk Advisors International LLC of Marietta, Ga. Terms of the transaction were not...
UnionBanCal Corporation to Acquire John Burnham & Co.
Dec 19 2002 // UnionBanCal Corporation announced that its Union Bank of California, N.A., subsidiary has signed a definitive agreement to acquire San Diego-based John Burnham & Company, dba John Burnham Insurance Services, one of...
AXIS Specialty Completes Acquisition of R&SA Unit
Dec 18 2002 // AXIS Specialty Limited announced the completion of its purchase of Royal & SunAlliance Personal Insurance Company. The unit will be renamed AXIS Reinsurance Company, based in New York City. AXIS Reinsurance Company...
HCC to Acquire Dickson Manchester Ltd.
Dec 17 2002 // HCC Insurance Holdings Inc., based in Houston, plans to acquire Dickson Manchester & Company Limited (DM), a Lloyd’s broker headquartered in London, England. According to HCC, the transaction is expected to...
HCC to Acquire Lloyd’s Specialty Broker Dickson Manchester Ltd.
Dec 17 2002 // Stephen L. Way, Chairman and CEO of Houston-based HCC Insurance Holdings, Inc. announced that the Company had reached an agreement to acquire Lloyd’s broker Dickson Manchester & Company Limited (DM). “DM...
ING sells Fatum Operations to Guardian Holdings Limited
Dec 16 2002 // The Netherlands ING Group announced that it has reached an agreement with Guardian Holdings Limited (GHL) of Trinidad and Tobago to sell its Fatum operations, a group that handles life, non- life and health insurance in...
Afni Insurance Services Partners with The AMS Users’ Group
Dec 11 2002 // Afni Insurance Services, a provider of customer care solutions for the industry, has formed a marketing partnership with the AMS Users’ Group (AMSUG). AMSUG, who previously endorsed Afni Insurance Services’...
Gallagher Acquires Louisiana’s Encore Insurance & Bonding
Dec 11 2002 // Arthur J. Gallagher & Co. announced the acquisition of Encore Insurance & Bonding Inc. of New Orleans, La., a full-service insurance agency which specializes in offering risk management and commercial...
Hub International Finalizes So. Calif. Brokerage Acquisition
Dec 10 2002 // Hub International Limited reported that the previously announced agreement to purchase the stock of Hooper, Hayes & Associates, Inc. (Hooper), a Los Angeles-based insurance brokerage firm founded in 1946, and...
Cox Turns Down Takeover Bid from Wood Group
Dec 9 2002 // The U.K.’s Cox Insurance Holdings Plc, a major underwriter in the Lloyd’s market, has reportedly turned down a takeover bid from a consortium headed by Peter Wood, the founder of Direct Line, the highly...
Trenwick Gets Agreement “in Principle” for 2003 Lloyd’s Funding
Dec 9 2002 // Bermuda-based Trenwick Group Ltd. announced today that it has reached an agreement in principle with its Lloyd’s letter of credit providers which will allow it to continue underwriting at Lloyd’s in 2003. The...
CGI Closes INSpire Acquisition
Dec 5 2002 // CGI Group Inc. (CGI) announced it completed the acquisition of Fort Worth-based INSpire Insurance Solutions Inc. for US$5.4 million (CDN$8.5 million) in cash. INSpire has revenues of US$26 million (CDN $41 million). As...
