Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Armstrong/Robitaille Insurance to Acquire Knight Insurance Agency
Dec 4 2003 // UBOC Insurance Inc., a wholly-owned subsidiary of Union Bank of California, N.A., announced that Armstrong/Robitaille Insurance Services has signed a definitive agreement to acquire Knight Insurance Agency....
PMA Capital Sells Finite Reinsurance Renewal Rights to Imagine Group
Dec 3 2003 // Philadelphia-based PMA Capital Corp. announced that its subsidiary, PMA Capital Insurance Company (PMA Re), has executed a definitive agreement with Imagine Insurance Company Limited, to sell the renewal rights to its...
IBC Says Partnerships Are Key in Fight Against Auto Theft
Dec 1 2003 // Insurance Bureau of Canada recently joined with Toronto Police in announcing the initial results from Project Heat (Help Eliminate Auto Theft). In the first three weeks of the latest round of Project Heat, Toronto Police...
Travelers, St. Paul Announce Mega Merger
Dec 1 2003 // In the wake of the “Terminator” taking the helm as California’s new governor, Travelers Property Casualty Corp. and The St. Paul Companies Inc. announced plans to merge, forming the nation’s second...
Travelers, St. Paul Announce Mega Merger Valued at $16.4 Billion
Dec 1 2003 // In the wake of the “Terminator” taking the helm as California’s new governor, Travelers Property Casualty Corp. and The St. Paul Companies Inc. announced plans to merge forming the nation’s second...
Brown & Brown of Texas Acquires Benefit Dynamics
Nov 28 2003 // Michael A. Garguilo, president and chief operating officer of Brown & Brown Insurance Services of Texas Inc., a wholly owned subsidiary of Brown & Brown Inc., announced the asset acquisition of Houston-based...
Hearing to Discuss Proposed Merger of Wash.-based Eagle Pacific Insurance with American Protection Insurance
Nov 26 2003 // The Washington Office of the Insurance Commissioner will hold a hearing Dec. 3, 2003, to consider the proposed merger of Eagle Pacific Insurance Company, a domestic Washington insurer, and American Protection Insurance...
Gallagher Acquires La.-based Babcock Consulting
Nov 24 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced the acquisition of Babcock Consulting Inc. of Metairie, La. Terms of the transaction were not disclosed. Established in 1997, Babcock Consulting...
AFG Completes Merger With Subsidiary
Nov 21 2003 // Cincinnati-based insurer American Financial Group, Inc. has completed its merger with its subsidiary, American Financial Corporation. The merger significantly increases AFG shareholders’ equity and simplifies the...
APPEX Partner Receives Award
Nov 19 2003 // Marsh, Berry & Company, Inc. announced that Kuhl & Company Insurance, one of its Agency Peak Performance EXchange (APPEX) Partners received the Professional Independent Insurance Agencies of Illinois (PIIAI) 2003...
Applied Systems Partners with BenefitPoint to Offer Customers Integration with Web-Based Benefits Package
Nov 19 2003 // Applied Systems, Inc. announced a strategic partnership with BenefitPoint, Inc., providing CRM and procurement for employee benefits professionals. Working together, Applied’s agency management software...
Fitch Places Travelers on Rating Watch Negative Following Merger Notification
Nov 19 2003 // Fitch Ratings has placed the ‘AA’ Insurer Financial Strength (IFS) ratings of the members of the Travelers Property Casualty Group (Travelers) and the ‘A’ senior debt and long-term issuer ratings of...
Venture Programs Partners with Discover Re for Technology and Life Sciences
Nov 13 2003 // Venture Programs (www.ventureprograms.com), a provider in the design and underwriting of select industry-focused insurance packages, announced an underwriting partnership with Discover Re for its Venture Technology and...
San Francisco and Zurich to Form Knowledge-Sharing Partnership
Nov 13 2003 // In an effort to enhance economic and intellectual knowledge-sharing between two similar regions, San Francisco and Zurich are coming together to forge the San Francisco-Zurich Initiative (SFZH Initiative). The program,...
RewardsPlus Forms Marketing Partnership with Riggs, Counselman, Michaels and Downes
Nov 13 2003 // RewardsPlus, a provider of benefits management technology, has entered into a joint marketing partnership with Riggs, Counselman, Michaels and Downes (RCM&D), a broker of insurance, risk management and employee...
Axa Looking for More European Acquisitions
Nov 12 2003 // French insurer Axa is seeking further acquisitions on the European continent, but according to a statement by CEO Henri de Castries it is not looking to purchase Italy’s Generali, Reuters has reported. “That is...
BISYS Acquires Fla.-Based USA Group
Nov 11 2003 // BISYS, a provider of business process outsourcing solutions for the financial services sector, announced its acquisition of Florida-based USA Insurance Group, a managing general agency (MGA) serving the commercial property...
Fiserv Acquires MI-Assistant Software
Nov 5 2003 // Brookfield, Wis.-based insurance software-maker Fiserv Inc. has acquired MI-Assistant Software Inc. — a rating and automation product provider to insurance agents and companies in the Midwest — as part of its plan to...
CompManagement Inc. Announces Calif. Acquisition
Nov 5 2003 // CompManagement Inc. (CMI) announced the acquisition of Octagon Risk Services Inc. (Octagon) on Oct. 3, 2003. CMI now enters the western United States by acquiring the strongest regional claims management firm in...
Elektra Buys Cigna’s Mexican Business
Nov 3 2003 // Mexico’s Grupo Elektra S.A. de C.V., one of the country’s biggest retailers, announced that it has received approval from the Ministry of Finance to purchase “a private insurance company in Mexico that...
