Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hilb, Rogal & Hamilton Acquires Beverly Hills Agency
Mar 21 2002 // Hilb, Rogal & Hamilton Co. has acquired the majority of the operating assets of LFC Insurance Agents & Brokers Inc. of Beverly Hills, Calif. LFC has annual revenues more than $1 million and provides property...
CPIA Society Names Selective Insurance its “Company Partner of the Year”
Mar 18 2002 // The Certified Professional Insurance Agents (CPIA) Society has recognized Selective Insurance Group, Inc., as its 2002 “Company Partner of the Year.” Selective was honored for its agent focused “One...
Agencies Chosen as General Casualty Premier Partners
Mar 15 2002 // Wisconsin-based General Casualty Insurance Companies recently chose 92 insurance agencies to become part of its elite group of top-performing independent agencies known as Premier Partners. Qualification is based on an...
Gallagher Acquires Conn., NJ Brokers
Mar 14 2002 // International broker and risk manager Arthur J. Gallagher & Co. announced that it has completed the acquisition of Life Plans Unlimited, Inc. of Fairfield, Connecticut and Tom Sherwin Insurance Agency of Haddonfield,...
Greater Bay Bancorp Completes Acquisition of ABD Insurance and Financial Services
Mar 14 2002 // California-based Greater Bay Bancorp, a $7.9 billion in assets financial services holding company, announced the completion of its acquisition of ABD Insurance and Financial Services, Inc. ABD offers a full range of...
ING to Acquire 17.5% Stake in Mexico’s Bital
Mar 13 2002 // ING, the Netherlands-based insurance and financial services group, revealed plans to increase its investments in Mexico with the announcement that it has signed a memorandum of understanding, subject to negotiating final...
GAB Robins Launches GAB Robins Capital Partners
Mar 13 2002 // GAB Robins Group of Companies has formed GAB Robins Capital Partners and appointed Michael C. Garner as President of the new division. Capital Partners designs runoff solutions, provides outsourcing capabilities for...
Nekema, NetRate Systems Announce Partnership
Mar 13 2002 // Nekema Inc. of Jersey City, N.J. and NetRate Systems Inc. of Okemos, Mich., have announced a new partnership that combines the companies’ technology solutions to provide property and casualty insurance carriers with...
PartnerRe Posts 37% Increase in January Renewal Premiums to $1.37 Billion
Mar 12 2002 // Bermuda’s PartnerRe Ltd. announced that “the Company bound contracts expected to generate $1.37 billion in premiums during its key January 2002 renewal season — an increase of 37%.” The Company the...
OPTIS Partners Formed to Help Agencies and Insurers Optimize Performance and Financial Results
Mar 12 2002 // OPTIS Partners, LLC, a consulting firm that works with agencies, brokers and insurers to optimize performance and financial results, has been formed by four of the industry’s most experienced senior...
The Heffernan Group Acquires DeWolf Insurance Agency
Mar 12 2002 // The Heffernan Group, one of the largest brokerage firms in the country, has acquired DeWolf Insurance Agency, a San Rafael, Calif.-based brokerage firm specializing in small commercial business and personal insurance...
Preserver Group Acquires 81% of Shares as Tender Offer Expires
Mar 1 2002 // The New Jersey-based Preserver Group announced that its offer to purchase the outstanding shares of the company expired at 5:00 p.m. New York time yesterday, and that 700,200 shares had been tendered. This amount together...
ISO Acquires 100 Percent of NetMap Analytics
Feb 27 2002 // Insurance Services Office, Inc. (ISO) has acquired 100 percent of NetMap Analytics LLC, a Columbus, Ohio-based software company that produces visual-link analysis technology used to detect fraud in insurance claims. The...
Alabama Co. BUYS TX Agencies
Feb 25 2002 // Vesta Insurance Group Inc., a Birmingham, Ala.-based holding company for insurance and financial service providers, announced that its Instant Insurance Holdings Inc. subsidiary has acquired two non-standard auto insurance...
CDI Winds Down Two-Year Promotion, Ad Revival Rests on Funding
Feb 25 2002 // It is not as long as we would have liked, but our goal is to get the message out there.” That, according to Larry Boyd, senior insurance compliance officer for the California Department of Insurance (CDI), is the...
CGNU Sells Portuguese Unit to Ergo, Expands In Asia with DBS Deal
Feb 19 2002 // CGNU, the U.K.’s largest insurance company, continued its planned exit from the European p/c market and its expansion in Asia with the announcement that it would sell its Portuguese property insurance business to...
PartnerRe Posts Strong Growth, But WTC Attacks, Enron Hit Earnings
Feb 12 2002 // Bermuda’s PartnerRe Ltd. reported results for the fourth quarter and full year which reflected the tumult felt by many insurers in 2001. While net premiums written rose 30 percent to $1.825 billion, the company...
Allianz to Buy Out Minority Interests
Feb 8 2002 // Germany’s Allianz AG announced that it plans to acquire the minority interests of shareholders in its subsidiaries Dresdner Bank, Hermes and Vereinte Versicherung in a so-called “squeeze-out”. Paul...
Fondiaria Shareholder Asserts JP Morgan Must Make Full Takeover Bid
Feb 6 2002 // Liverpool Limited Partnership, a Bermuda-based mutual fund, which owns about one percent of the shares of Italy’s Fondiaria, has asserted that JP Morgan Chase, which just agreed to acquire a 22 percent stake in the...
JP Morgan Chase To Buy 22% Stake in Italy’s Fondiaria
Feb 4 2002 // U.S. investment bank JP Morgan Chase will enter the convoluted world of Italian finance with its agreement to acquire a 22 percent interest in Italian insurer Fondiaria along with two other investors for € 812 million...
