Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Skywire Software, Tobat Capital Acquire Thazar Solutions
Sep 20 2002 // Skywire Software, a software development and EAI products and services company based in Frisco, Texas, along with investment partner Tobat Capital, announced the acquisition of Thazar Solutions Corporation. Thazar...
SAI Shareholders Approve La Fondiaria Merger
Sep 20 2002 // To no one’s surprise shareholders of Italy’s Societa Assicuratrice Industriale (SAI) have approved a merger with rival insurer La Fondiaria SpA which will create Italy’s largest p/c insurer and...
BB&T’s CRC to Acquire Piedmont Brokerage Services
Sep 19 2002 // CRC Insurance Services Inc., based in Winston-Salem, N.C. and the wholesale insurance subsidiary of Branch Banking and Trust Company, announced plans to buy professional liability specialist Piedmont Brokerage Services LLC...
Meadowbrook to Buy Back Shares
Sep 18 2002 // Michigan-based Meadowbrook Insurance Group, Inc. announced the decision by its Board of Directors to authorize the repurchase of up to 1,000,000 shares, or approximately 3%, of the Company’s common stock in market...
Insurance Journal Acquires Claims Guides Directories
Sep 17 2002 // Wells Publishing Inc., which has published Insurance Journal for 79 years, has added Claims Guides to its list of publications. Claims Guides, which will be published in 37 different regions across the country, will...
Zurich North America Uses Online Technology to Partner with Other Carriers on Machinery and Equipment Breakdown Coverage
Sep 17 2002 // Zurich North America’s Machinery and Equipment Breakdown program (Zurich MEB), which has provided machinery breakdown coverages for more than 80 years, is using advanced online technology to partner with other...
PartnerRe Updates 1997 Flood Study
Sep 13 2002 // Bermuda-based PartnerRe announced that it has reprinted its research report, “Floods – Causes, Effects and Risk Assessment, ” following the devastating flooding in Europe in August. Originally published...
Kentucky’s HopFed Acquires Bank Branches, Agency
Sep 10 2002 // HopFed Bancorp Inc. of Hopkinsvill, Ky. acquired two bank branches and a full service insurance agency located in Fulton, Ky. The closing was effective Sept. 5, and the branches began operation under the Heritage Bank name...
Palisades Acquires N.J. Auto Lines from American Financial, The Hartford
Sep 10 2002 // Subsidiaries of American Financial Group Inc. and The Hartford Financial Services Group Inc. announced transfers of their New Jersey personal auto businesses to units of Palisades. American Financial subsidiary Great...
PartnerRe, Converium Estimate E. European Flood Losses
Sep 9 2002 // Bermuda’s PartnerRe upped its earlier loss estimate from claims due to the recent floods in Eastern Europe from around $100 million to between $110 and $120 million. Swiss-based Converium indicated its pretax losses...
11 Company Partners to Attend Target Markets-Program Administrators Association 2002 Summit in Ariz.
Sep 9 2002 // The Target Markets Program Administrators Association announced that 10 insurance companies specializing in program business will be attending their Second Annual Summit meeting to be held in Tempe, Arizona Oct....
Brown & Brown Acquires John Manner Agency
Sep 9 2002 // Florida-based insurance holding company Brown & Brown Inc. has acquired the John Manner Insurance Agency Inc., of Joliet, Ill. Brown & Brown said the John Manner Insurance Agency, with annualized revenues of...
Wachovia Completes Acquisition of Cameron M. Harris
Sep 5 2002 // Wachovia Corporation of Charlotte, N.C. announced the completion of its acquisition of Cameron M. Harris & Company, a broker specializing in risk management and employee benefits. Cameron M. Harris has $27 million in...
CGI Anticipating Acquisition of INSpire Insurance Solutions Operating Assets
Sep 3 2002 // INSpire Insurance Solutions Inc. (“INSpire”) announced that CGI Group Inc. and INSpire have signed a non-binding letter of intent under which CGI would purchase INSpire’s operating assets. These business...
Kibble & Prentice Acquires P. Robert Brown
Aug 30 2002 // Kibble & Prentice continues to implement its acquisition strategy by acquiring P. Robert Brown Inc., a 30-year-old Seattle-based insurance brokerage. As the industry becomes more complex, providing customers with a...
Benefit Partners Joins National Benefit Planning Coalition
Aug 27 2002 // Benefit Partners LLC of Bethesda, Md. announced it has partnered with 33 other benefit planning firms to create United Benefit Advisors (UBA), a national coalition formed to more effectively serve more than 4 million...
Partner Re Reports Claims from European Flooding Could Approach $100M
Aug 19 2002 // Bermuda-based PartnerRe Ltd. reports that claims from its exposures to flooding currently impacting Europe are expected to approximate $100 million. Over the past week, heavy rainfall has flooded much of eastern and...
First Financial Holdings Acquires Johnson Associates
Aug 19 2002 // First Financial Holdings, Inc. has acquired South Carolina-based Johnson Insurance Associates Inc., an independent agency. Established in 1983, Johnson Insurance specializes in commercial business accounts. The...
PRIMA, AICPCU/IIA Agree to Become Educational Partners
Aug 14 2002 // The Public Risk Management Association (PRIMA) and the American Institute for CPCU/Insurance Institute of America (the Institutes) are launching a joint project to market five of the Institute’s educational programs...
Kibble & Prentice Acquires Axelson & Associates
Aug 14 2002 // Kibble & Prentice, one of the largest independent insurance brokerage firms in the Pacific Northwest, has just acquired Axelson & Associates, a Pacific Northwest business and personal insurance brokerage....
