Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Esurance Partners With Provident Credit Union
May 21 2002 // California-based Esurance Inc., a direct-to-consumer personal auto insurance company, and Provident Credit Union recently announced a partnership to provide Provident’s members with online access to personal...
SAI, La Fondiaria Merger Moves Closer, Full Bid Not Necessary
May 20 2002 // Italian insurer SAI’s year-long battle to merge with La Fondiaria may be moving towards a successful conclusion, as Consob, the Italian stock market regulator, ruled that the 29 percent stake controlled by J.P....
Endurance to Acquire La Salle Re fromTrenwick
May 17 2002 // Endurance Specialty Insurance Ltd., the Bermuda-based p/c insurer established by Aon, Zurich Financial Services and other investors, has reached a definitive agreement to acquire the property catastrophe reinsurance...
Ohio’s Westfield Group Expands MarshBerry Partnership
May 16 2002 // Westfield Group of Westfield, Ohio, is offering its agencies a subsidized subscription to MarshBerry.com in order to help improve performance, measure agency value and develop an all-around growth plan. Westfield Group,...
PMI, PCI Announce Merger
May 10 2002 // Program Managers, Inc. (PMI) and Preferred Concepts, Inc. (PCI), managers of two high limit umbrella programs, have merged. The collective membership base of the Property Managers Risk Purchasing Group (PMRPG) and the...
Berkshire Hathaway Plans to Buy Portion of Kemper Business
May 9 2002 // Berkshire Hathaway Inc. plans to buy a portion of Kemper Insurance Companies’ business. Berkshire will buy an undisclosed equity stake in the commercial casualty and specialty insurance business of privately held...
PartnerRe Reports Premium Increases, But Q1 Net Falls 34%
May 7 2002 // Bermuda-based PartnerRe Ltd. reported record operating results for the 2002 first quarter of $66.8 million, or $1.29 per share on a fully diluted basis compared to $55.6 million, or $1.08 per share, for the first quarter...
ING Restructures U.S. Asset Management Operations; Announces Joint Venture with ANZ
May 3 2002 // Holland’s ING Group announced that it is combining parts of its U.S. asset management businesses, including the ING Aeltus Group, into ING Investment Management (IIM), its global asset management group, and is...
Royal Sun Sells U.K. Asset Management Business
May 1 2002 // The U.K.’s Royal & Sun Alliance finally achieved at least one of its goals with the announcement that it has agreed to sell its asset management business to Friends Ivory & Sime, a financial group that is...
Fair, Isaac Acquires HNC Software
May 1 2002 // Fair, Isaac and Company Inc. and HNC Software Inc. announced plans to join forces in a merger that will create an unmatched provider of leading-edge business analytic solutions for a broad range of industries. The...
W.R. Berkley to Acquire 20% Stake in Lloyd’s Market Insurer Kiln
Apr 26 2002 // W.R. Berkley will up its share in Lloyd’s insurer Kiln to 20 percent by acquiring 32.8 million newly offered shares in the company at 47 pence (68 cents) and the acceptance of a two-for-three rights issue at the same...
Allianz Finalizes 2001 Net Profit at $1.42 Billion, Defends Dresdner Acquisition
Apr 19 2002 // Germany’s Allianz Group had an off year in 2001, along with most of the rest of the insurance industry. The company announced its definitive results yesterday, showing a net profit of €1.6 billion ($1.42...
Marshall and Swift/Boeckh Acquires Data
Apr 17 2002 // Marshall & Swift/Boeckh, a New Berlin, Wis.-based provider of building cost data and estimating services to the property insurance industry, has acquired the contents data from Total Research & Replacement (TRR),...
SIAA Partners with Zurich Small Business to offer Members Access to Zurich Products and Services
Apr 16 2002 // Zurich North America Small Business and Strategic Independent Agents Alliance (SIAA) have formed a relationship that will enable SIAA’s 876 member agencies to access the products and services of one of the fastest...
Celaris Group Acquires Value Added Benefits
Apr 10 2002 // Celaris Group Inc. a full-service insurance agency headquartered in Bowling Green, Ohio, has acquired Value Added Benefits Ltd., a wholesale insurance business headquartered in Cleveland, Ohio. Celaris, is a wholly-owned...
Brown Brown Acquires NJ’s Turner Agency
Apr 9 2002 // Regional Executive VP of Brown & Brown, Inc. Thomas E. Riley and Robert J. Turner, President of RJT, Inc. of Parsippany and Freehold, NJ, doing business as The Turner Group, announced that a New Jersey subsidiary of...
Assurex Global Adds Latin American, African, North American Partners
Apr 8 2002 // Ohio-based Assurex Global, a privately held risk management and commercial insurance brokerage group, has expanded its worldwide presence with the addition of international broker partners in Lima, Peru and Tunis, Tunisia,...
Assurex Adds Partners in Peru, Tunisia U.S.
Apr 4 2002 // Assurex Global Partners, the private organization of leading brokers and agencies, announced that it has expanded its worldwide presence with the addition of international broker Partners in Lima, Peru and Tunis, Tunisia,...
Chicago’s Acordia Acquires Tenn. Broker, Forges Agreement with ConfirmNet
Apr 4 2002 // Acordia Inc., an insurance broker based in Chicago and a subsidiary of Wells Fargo & Company, recently confirmed the acquisition of Risk Management Services Inc., a single-office brokerage firm located in Morristown,...
North Dakota’s BNCCORP Inc. To Acquire Ariz. Agency
Apr 1 2002 // BNCCORP Inc. of Bismarck, N.D., announced plans for its insurance subsidiary to acquire Milne & Company Insurance, Inc., d/b/a Milne Scali & Company, one of the largest independent insurance agencies in...
