Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Benefit Partners of America Established
Jul 2 2003 // Three experienced employee benefits executives announced the formation of a new national firm, Nashville-based Benefit Partners of America LLC, which will specialize in providing a balanced program of employer- and...
F.N.B. to Acquire Central Fla. Agency
Jul 2 2003 // Naples, Fla.-based F.N.B. Corporation announced it has agreed to acquire Lupfer-Frakes Insurance, an independent insurance agency located in Central Florida. Terms of the transaction were not disclosed. Founded in 1918,...
HCC to Acquire Two La. Commercial Marine Underwriters
Jul 1 2003 // Houston-based HCC Insurance Holdings Inc. has reached an agreement to acquire Covenant Underwriters Ltd. and Continental Underwriters Ltd., both headquartered in Covington, La. Terms of the transaction were not disclosed,...
Torquest Partners, Other Investors Acquire Gerllng’s Canadian P/C Operations
Jul 1 2003 // Torquest Partners Inc., Newport Partners Inc., CIBC Capital Partners, a division of Canadian Imperial Bank of Commerce, and company senior management (the Investors) announced that they have acquired Gerling Canada...
FNB Acquires Central Fla. Agency
Jun 30 2003 // FNB Corp. announced the signing of a definitive agreement to acquire Lupfer-Frakes Insurance, an independent insurance agency located in Central Florida. Terms of the transaction were not disclosed. Founded in 1918, the...
Brown & Brown Acquires Texas Agency
Jun 25 2003 // Florida-based Brown & Brown Inc. acquired the assets of Bailey-Gosling Associates Inc., a retail commercial property/casualty insurance agency located in San Antonio, Texas. The acquisition announcement was made...
Insurance Auto Auctions Acquires N.C. Salvage Disposal Co.
Jun 24 2003 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the U. S., announced the acquisition of Wilmington Salvage Disposal Company in Castle Hayne, N. C., which is located just...
International Marine Insurance Services, Markel American Partner a Program for World Cruisers
Jun 17 2003 // International Marine Insurance Services (IMIS) and Markel American Insurance Company have partnered to establish The JacklineSM Insurance Program for world cruisers. Much like the safety gear after which it is named, this...
ZFS Sells U.K. Fund Manager – Capital Goals Achieved
Jun 16 2003 // Zurich Financial Services took another step towards restoring its battered capital position to robust health with the announcement that it has agreed to sell Threadneedle, its U.K. find management subsidiary, to American...
Community Banks Completes Acquisition of Shultz Insurance Agency
Jun 16 2003 // Pennsylvania-based Community Banks, Inc. (CBI) announced that it has completed its acquisition of Shultz Insurance Agency, Inc. of Hanover. Terms of the acquisition were not disclosed. “The Shultz Insurance Agency,...
State Auto Shareholder Raises Takeover Bid
Jun 16 2003 // State Auto Financial Corp.’s largest individual shareholder boosted his takeover offer for the property and casualty insurer to about $316 million, but the firm’s majority owner gave the offer a frosty...
Royal Bank of Scotland Buys Churchill from CSG’s Winterthur
Jun 12 2003 // The Royal Bank of Scotland (RBS) and Winterthur, the insurance arm of the Credit Suisse Group (CSG), have concluded a deal for RBS to acquire Churchill Insurance, CSG’s principle U.K. general insurance division, for...
Royal & SunAlliance Sells RSUI to Alleghany
Jun 10 2003 // Royal & SunAlliance USA announced the sale of Royal Specialty Underwriting Inc. (RSUI), its Atlanta-based excess and surplus lines business, to Alleghany Insurance Holdings LLC, a subsidiary of Alleghany Corp., for...
Trafalgar Marine Notes Acquisition of INAMAR’s Wholesaling Business
Jun 9 2003 // Trafalgar Marine Insurance Services, Inc. recently purchased INAMAR Recreational Marine Insurance’s company-owned wholesale recreational marine insurance business, INAMAR Marine Marketing Specialists. Trafalgar...
Kevin M. Twomey Appointed to PartnerRe’s Board of Directors
Jun 9 2003 // Bermuda-based PartnerRe Ltd. announced that Kevin M. Twomey has been appointed to its Board of Directors. Twomey, 56, is the President and CEO of the St. Joe Company, a real estate operating company engaged in residential,...
BB&T to Acquire Tennessee Agency
Jun 6 2003 // North Carolina-based BB&T Insurance Services announced plans to buy STHARCO Inc., parent company of Kingsport Development Company (KDC) Insurance Inc. of Kingsport, Tenn. The acquisition would give the insurance...
Ri3k Sells Run Off Centre
Jun 5 2003 // London-based ri3k, a leading provider of secure infrastructure for the global reinsurance industry, announced the sale of its Run Off Centre to legal/actuarial consultants James, Brennan & Associates. “The deal,...
Community First Acquires Wyoming Insurance Agency
Jun 4 2003 // An affiliate of Fargo, N.D.-based Community First Bankshares Inc. has acquired Larry Levitt Insurance Inc., located in Rock Springs, Wyo. It is the 15th insurance agency purchase since 2000, according to a statement...
U.S.I. Holdings Closes Acquisition of Hastings-Tapley
Jun 3 2003 // San Francisco-based U.S.I. Holdings Corporation announced that it has consummated the previously announced acquisition of all the issued and outstanding capital stock of Woburn, Mass.-based Hastings-Tapley Insurance Agency...
Brown & Brown Acquires Bartos-Hunsicker
Jun 3 2003 // Florida-based Brown & Brown Inc. announced it has acquired commercial property and casualty insurance agency Bartos-Hunsicker Inc., of Bethlehem, Pa., in a transaction effective June 1, 2003. Bartos-Hunsicker has...
