Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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....
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...
