Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Community First Acquires Colorado Insurance Agency
Jan 5 2004 // Community First Bankshares Inc., through its affiliate, Community First Insurance Inc., has acquired Arnold & Arnold, Inc., Littleton, Colo. Community First also has acquired an insurance book of business from...
Donegal Finalizes Le Mars Acquisition
Jan 5 2004 // Marietta, Pa.-based Donegal Group Inc. completed the previously announced acquisition of all of the outstanding capital stock of an affiliated company, Le Mars Mutual Insurance Co. of Iowa, following the conversion of Le...
Brooke Corp. Sub Acquires Texas All Risk
Jan 5 2004 // Overland Park, Kans.-based Brooke Corporation’s insurance brokerage subsidiary, CJD & Associates, announced the acquisition of Texas All Risk General Agency Inc., of Dallas, Texas. CJD & Associates...
Brown & Brown Announces N.Y./N.J. Acquisitions
Jan 5 2004 // Brown & Brown, Inc. announced that it has acquired Niagara Risk Management Associates, Inc. And Niagara Benefits Group, Inc., both based in Williamsville,N.Y., and the Pashley Insurance Agency of Marmora New Jersey....
Mass. Approves Newbury/Dorchester Merger
Dec 31 2003 // Massachusetts’ officials have approved the merger of West Newbury Mutual Fire Insurance Co., a Massachusetts domiciled company, into Dorchester Mutual Insurance Co., also a Massachusetts company. The purpose of the...
Gallagher Acquires Connor Hale Kerslake
Dec 31 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced the acquisition of London-based Connor Hale Kerslake Ltd. Terms of the transaction were not disclosed. It is Gallagher’s 13th acquisition in...
U.S.I. Holdings Acquires Houston Company
Dec 30 2003 // U.S.I. Holdings Corporation announced the acquisition of substantially all the operating assets of Houston-based The Benefits Team (TBT). TBT has been providing employee benefits to middle market clients since 1996. USI...
AIG Mergers & Acquisitions Division Notes Launch of Global Web Site
Dec 29 2003 // The AIG Mergers & Acquisitions Division, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), announced the launch of its newly designed global Web site,...
Millea to buy Skandia Japan Life Unit for $186 Million
Dec 24 2003 // Millea Holdings Inc., Japan’s largest general insurer, announced plans to acquire the Japanese life business of Sweden’s Skandia Insurance Co. for 20 billion yen ($186 million) in early 2004. “By...
FTC Grants Early End to St. Paul/Travelers Merger Review
Dec 24 2003 // The St. Paul Companies and Travelers Property Casualty Corp. announced that the Federal Trade Commission has granted early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act in...
ADP Claims Services Group Announces Agreement to Acquire ABZ
Dec 22 2003 // San Ramon, Calif.-based ADP Claims Services Group, a division of Automatic Data Processing Inc. has entered into a definitive agreement to acquire ABZ Group B.V., a privately held company in the Netherlands, Peter Op de...
AFG Sells Last Shares of Infinity P&C, Nets $35 Million
Dec 18 2003 // Cincinnati, Ohio-based insurer American Financial Group announced today the closing of the sale of its remaining shares in Infinity Property and Casualty Corp. Net proceeds from the sale were $227 million. AFG expects to...
USI Acquires O’Leary-Kientz
Dec 16 2003 // Birarcliff Manor, N.Y.-based USI Holdings Corp. announced it has acquired all the issued and outstanding capital stock of Cincinnati, Ohio-based O’Leary-Kientz, Inc. Established in 1980, O’Leary-Kientz provides...
Alliance, NAII Boards Approve Merger; New Organization Would be Called PCI
Dec 16 2003 // The Board of Directors of the Alliance of American Insurers and the Board of Governors of the National Association of Independent Insurers (NAII) have adopted a resolution approving a merger agreement between the two...
Imagine Completes Greenwich Acquisition; Expands Global Operations
Dec 16 2003 // The Imagine Group announced from its Barbados headquarters that it has completed the acquisition of a two-thirds equity interest in Greenwich Managing Agency at Lloyd’s. The bulletin said Greenwich would be renamed...
Gallagher Acquires Calif. Broker
Dec 15 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced the acquisition of Avery-Hammer Insurance Associates, Inc. of Fresno, California. Terms of the transaction were not disclosed. Founded in 1980,...
HCC to Acquire American Contractors Indemnity Company
Dec 11 2003 // Stephen L. Way, chairman and CEO of Houston-based HCC Insurance Holdings Inc., announced that HCC reached an agreement to acquire Surety Associates Holding Co. Inc. and their subsidiary American Contractors Indemnity...
White Mountains to Acquire Sirius Insurance
Dec 9 2003 // Bermuda-based White Mountains Insurance Group, Ltd. announced that it has entered into a definitive agreement with ABB Ltd. of Switzerland to acquire the Swedish-based Sirius Insurance Group for 3.22 billion SKr. ($437...
Proformance to Acquire MetLife Auto & Home’s Agency Produced N.J. Business
Dec 9 2003 // New Jersey’s Proformance Insurance Company announced that it will acquire the independent insurance agency-produced New Jersey auto and homeowners insurance business of MetLife Auto & Home for $10 million in...
OneBeacon to Acquire Atlantic Mutual’s Commercial Insurance Business
Dec 8 2003 // OneBeacon Insurance Company, a wholly owned subsidiary of White Mountains Insurance Group, Ltd., has signed an agreement in principle to acquire the Atlantic Specialty Insurance Company, a subsidiary of Atlantic Mutual,...
