Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Talbot Acquires Goreham·Moore & Associates
May 29 2003 // San Diego-based Goreham·Moore & Associates insurance brokerage has been acquired by Talbot Insurance & Financial Services. Talbot Insurance & Financial Services is a subsidiary of Talbot Financial...
Fair Isaac, Software AG Partner For XML Integration
May 28 2003 // San Rafael, Calif.-based Fair Isaac Corporation and Software AG Inc. announced a marketing partnership in the area of XML data integration and processing. By working together, the companies make it easier for insurers to...
Penn National Partners with Rackley Systems to Provide Agents Web-delivered Rating; Sponsors Harrisburg Youth Program
May 23 2003 // Leading PA P/C insurer Penn National Insurance announced that it has made a partnership agreement with Rackley Systems, Inc., to bring its agents “a state-of-the-art .NET Web rating tool.” It also announced a...
Liberty Mutual to Acquire Majority of Prudential’s U.S. P/C Business
May 23 2003 // Boston-based Liberty Mutual Group has signed a definitive agreement to acquire Prudential Financial Inc.’s U.S. personal lines property/casualty operations in 47 states, excluding its New Jersey, specialty auto and...
Palisades Group Acquires Prudential’s NJ P/C Company
May 23 2003 // The Palisades Group, based in Berkeley Heights New Jersey, announced that it has agreed to acquire The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC-NJ), the New Jersey property and casualty unit...
EMC Agencies to WebLink From SIS SEMCI Partner
May 19 2003 // Strategic Insurance Software, Inc. (SIS) announced the certification of Des Moines, Iowa-based EMC Insurance Companies for WebLink with their SEMCI Partner agency management system. According to SIS, WebLink enables...
ING Sells 49% Stake in Seguros Bital to HSBC
May 19 2003 // The Netherlands ING Group announced that it is selling its 49% shareholding in Mexico’s Seguros Bital to Grupo Financiero Bital, S.A., a wholly owned subsidiary of HSBC Holdings, plc. for $148 million. The...
INVESTOR GROUP TO BUY REPUBLIC:
May 19 2003 // The Republic Group of Insurance Companies (Republic), of Dallas, announced that a private investor group has agreed to purchase Republic from Winterthur U.S. Holdings Inc. and certain other subsidiaries of Credit Suisse...
The Hartford Sells its P/C Reinsurance Business to Endurance Specialty
May 16 2003 // The Hartford Financial Services Group Inc., has sold most of its property-casualty reinsurance business to Bermuda-based Endurance Specialty Holdings Ltd. The transaction includes the sale of renewal rights for existing...
InsBridge, Systems Consulting Services Form Partnership
May 15 2003 // Plano, Texas-based InsBridge Inc. and Systems Consulting Services Inc. (SCSI), of Ellicott City, Md., providers of software solutions to the property and casualty (P&C) insurance industry, announced they are forming a...
Republic to be Acquired by Private Investor Group
May 13 2003 // The Republic Group of Insurance Companies (Republic), of Dallas, announced that a private investor group has agreed to purchase Republic from Winterthur U.S. Holdings Inc. and certain other subsidiaries of Credit Suisse...
CRC Insurance Services to Acquire Southern Cross Underwriters
May 12 2003 // CRC Insurance Services Inc. of Winston-Salem, N.C., the wholesale insurance subsidiary of Branch Banking and Trust Company, today said it plans to buy Jackson, Miss.-based insurance wholesaler Southern Cross Underwriters...
Winterthur to Sell Republic to Investor Group Led by Wand Partners
May 12 2003 // Winterthur, the insurance subsidiary of Credit Suisse Group, announced today that it is selling the Republic group of companies, its regional operation in the Southwestern U.S., for $127 million to a group of American...
PartnerRe Completes Offering of Series C Preferred Shares; Will Redeem Series A
May 12 2003 // Bermuda’s PartnerRe Ltd. announced that it has completed its offering of its Series C Cumulative Preferred Shares, resulting in net proceeds to the Company of $251.8 million. “The Series C Shares will trade on...
The St. Paul Cos. Acquires Renewal Rights for Selected Lines of Kemper’s U.S. Commercial Business
May 12 2003 // The St. Paul Companies has purchased the right to seek renewal of certain existing commercial insurance business written by the Kemper Insurance Companies in the United States. Under the agreement, The St. Paul will obtain...
Old National Acquires Evansville Agency
May 7 2003 // Old National Bancorp announced that it has closed the deal to acquire the James L. Will Insurance Agency Inc. of Evansville, Ind.. Old National is headquartered in Evansville. James L. Will Insurance Agency, which focuses...
$171 Million Capital Gain for Swiss Re on PartnerRe Sale
May 7 2003 // Swiss Re will sell its remaining 8.3 million shares in Bermuda’s PartnerRe, around 16 percent of the company’s total shares, on the open market, pursuant to a registration statement with the Securities and...
Charter Partners USA Chooses INSTEC Software
May 6 2003 // Charter Partners USA, Inc. has selected INSTEC, commercial property and casualty software provider, to provide a 50-state rating and policy administration system. INSTEC’s planned solution includes multiple...
PartnerRe Reports $124.6 Million Q1 Net Income
May 6 2003 // Bermuda-based PartnerRe Ltd., reported excellent first quarter results with net income of $124.6 million, or $2.23 per share on a fully diluted basis, compared to net income for the first quarter of 2002 of $63.3 million...
American Wholesale Insurance Group Acquires Seaboard Underwriters Inc.
May 2 2003 // American Wholesale Insurance Group (www.amwins.com) has completed the acquisition of Seaboard Underwriters, Inc., a provider of insurance solutions for the transportation industry. Seaboard operates as a managing general...
