Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
MMC in Talks to Acquire London-Based Benfield Group
Aug 13 2002 // Marsh & McLennan Cos. is currently in talks to purchase Benfield Greig Group PLC, a reinsurer based in London, for about $1 billion, according to a Dow Jones report. By taking on privately held Benfield, New...
Allied Claim Services Acquires DAS Business Services
Aug 9 2002 // Allied Claim Services, Inc., a division of Warren-Hoffman & Associates, Inc., acquired DAS Business Services, Inc., an independent insurance adjustment firm. The company provides insurance companies with assistance in...
Gulf Group Partners with Target Markets
Aug 7 2002 // The Target Markets Program Administrators Association announced that Gulf Insurance has signed on as a Carrier Partner in the Program Administrators Association. Gulf joins such companies already involved in the...
Partner Re Reports Record Operating Results
Aug 6 2002 // Bermuda-based PartnerRe Ltd. reported record operating results for the second quarter 2002, and reaffirmed its prior earnings guidance for the full year. PartnerRe President & CEO, Patrick Thiele, commented,...
Summit Global Partners Inc. – Michael Oster
Aug 5 2002 // Dallas-based Summit Global Partners Inc. has made appointments to its California office. Michael Oster has joined the group as executive vice president and Frank Ross was appointed vice president. Oster and Ross specialize...
CATEX to Implement Broking Mgmt. System for Bowood Partners
Aug 2 2002 // CATEX, a technology and software company operating in the reinsurance and insurance sector, was appointed by Bowood Partners Ltd., the independent privately owned Lloyd’s broker, to implement a Broking Management...
AIG Sells $519M Premium ABS
Jul 25 2002 // American International Group Inc. recently offered about $519 million in asset- backed securities, supported by insurance premiums from its commercial policyholders, market sources said. Salomon Smith Barney headed the...
Safelite AutoGlass Partners with OneBeacon
Jul 23 2002 // Ohio-based Safelite AutoGlass, headquartered in Columbus, Ohio, has partnered with OneBeacon Insurance Group, Boston, under which Safelite will provide auto glass and claims management services for OneBeacon’s...
Partner Re Responds to Requests, Affirms $400M WTC Loss Estimate
Jul 19 2002 // Bermuda-based reinsurer PartnerRe Ltd.has affirmed its loss estimate of $400 million from the destruction of the World Trade Center on Sept. 11. The company reported it was making the announcement in response to requests...
Insurance Auto Auctions Makes Mo. Acquisition
Jul 19 2002 // Illinois-based Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services in the United States, acquired Southern Missouri Insurance Pool, Inc., a 27-acre operation located in...
Diem Named President of Berkley Underwriting Partners
Jul 17 2002 // W. R. Berkley Corporation appointed John S. Diem as the president of its subsidiary, Berkley Underwriting Partners, LLC, a management company that oversees managing general underwriter (MGU) program business. Diem, 55, has...
Combined Specialty Group Acquires Excess and Surplus Lines Insurer
Jul 17 2002 // Aon Corporation announced that Combined Specialty Group, Inc. (CSG) has acquired Sheffield Insurance Corporation from Vesta Insurance Group. Aon Capital Markets acted as advisor to CSG in connection with the...
PartnerRe Names Walker to Head of Catastrophe
Jul 16 2002 // Bermuda-based PartnerRe Ltd. named Tad Walker as the Group’s Head of Catastrophe. Walker will be responsible for PartnerRe’s worldwide book of catastrophe business and will manage the underwriting team based in...
Zions Bank Acquiring Utah-based Insurer
Jul 16 2002 // Zions Bank, a subsidiary of Zions Bancorporation, and Grant-Hatch & Associates, Inc., a Salt Lake City-based insurance agency, announced an agreement has been signed under which Zions will acquire Grant-Hatch. Under...
Brown & Brown Makes Asset Acquisition of Cooper, Brown & Currie
Jul 15 2002 // Jim W. Henderson, Executive Vice President of Brown & Brown, Inc. and Frank A. Brown, Jr., President of Cooper, Brown & Currie, Inc., of Rome, Georgia, announced the asset acquisition of Cooper, Brown &...
Marconi Named Partner of Stanley M. Davis and Company
Jul 11 2002 // San Leandro, Calif.-based Stanley M. Davis & Company Insurance Brokers appointed Kevin Marconi as partner. Marconi has been with the company for more than nine years in a production/business development capacity.
India’s WNS Acquires U.K. Claims Management Service Co.
Jul 10 2002 // India’s WNS (Holding) Ltd., one of a number of companies on the sub-continent which specialize in providing back office services, will acquire the U.K.’s Town & Country Assistance, an insurance claims...
ConfirmNet Corp. Details Partnership with Gallagher
Jul 9 2002 // San Diego-based ConfirmNet Corporation, the developer of the CertificatesNow and TrackCertsNow online insurance certificate services, has formed a corporate agreement with brokerage and risk management services firm Arthur...
Employers of Nev. Acquires Fremont Comp
Jul 4 2002 // Employers Insurance Company of Nevada (EICN) has acquired California-based Fremont Compensation Insurance Group’s book of business, effective July 1. Fremont Comp is a wholly-owned subsidiary of Fremont General...
Huntington Bancshares Sells J. Rolfe Davis Agency
Jul 4 2002 // Ohio-based Huntington Bancshares Incorporated announced the sale of the J. Rolfe Davis Insurance Agency Inc. to members of its management team. This transaction, and the absence of any related net earnings contribution...
