Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
HCC Acquires MAG Global
Oct 3 2002 // HCC Insurance Holdings Inc., headquartered in Houston, said it has completed the previously announced acquisition of MAG Global Financial Products LLC. MAG is an insurance underwriting agency specializing in directors and...
BB&T Insurance to Buy its First Florida Agency
Oct 3 2002 // Raleigh, N.C.-based BB&T Insurance Services, the insurance subsidiary of BB&T Corp. of Winston-Salem, announced plans to purchase Tallahassee, Fla. agency Landrum-Yaeger & Associates Inc. The purchase...
Selective to Buy Servicing Rights to Siebels Bruce Flood Insurance
Oct 2 2002 // Selective Insurance Group Inc. of Branchville, N.J. announced its Selective Insurance Company of America subsidiary signed a letter of intent to acquire servicing rights to Siebels Bruce Group Inc.’s flood insurance...
CompManagement Buys Barron Risk
Oct 2 2002 // CompManagement Inc. of Greenwich, Conn. announced it has purchased Dallas-based Barron Risk Management, which provides workers’ compensation claims management, medical cost containment, safety and loss prevention,...
American Wholesale Acquires Woodus K. Humphrey & Co.
Oct 1 2002 // American Wholesale Insurance Group Inc., a Charlotte, N.C.-based wholesale insurance distribution holding company, announced it has completed the acquisition of Woodus K. Humphrey & Company Inc., of Shreveport,...
Insurance Journal Acquires Claims Guides Directories
Sep 30 2002 // Wells Publishing Inc., which has been publishing Insurance Journal for the past 79 years, has added Claims Guides to its list of publications. Claims Guides, which will be published in 37 different regions across the...
Zurich Sells Stake in Endurance Specialty
Sep 27 2002 // Zurich Financial Services (ZFS) announced that it has sold its direct interest in Endurance Specialty Insurance Ltd. to the company’s Bermuda-based holding company for $100 million. ZFS and Aon Corp. founded...
Digital Adds Benefits Partners
Sep 25 2002 // Atlanta-based Digital Insurance Inc. signed agreements with five additional employee benefits brokers to handle the day-to-day service and sales of a portion of their small group benefits business. These new partners are...
DCU Partners with BIS to Form Insurance Agency
Sep 24 2002 // The Banc Insurance Services Inc. (BIS), a Springfield, Mass.-based service provider to financial institutions trying to set up insurance agencies, announced it has contracted with Digital Federal Credit Union (DCU), a...
South Financial Group Acquires Gardner Associates
Sep 24 2002 // The South Financial Group Inc. announced it acquired Gardner Associates Inc., an independent insurance agency based in Columbia, S. C., effective September 20, 2002. Terms of the transaction were not disclosed. Gardner...
RenRe to Buy Nearly 4 million Shares of Platinum Underwriters
Sep 23 2002 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it has reached an agreement with Platinum Underwriters Holdings, Ltd. to purchase 3,960,000 of its common shares in a private placement Platinum was established in...
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...
