Latest Mergers & Acquisitions Headlines

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

Insurance Auto Auctions Makes Mo. Acquisition

Jul 19 2002 // Illinois-based Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services in the United States, acquired Southern Missouri Insurance Pool, Inc., a 27-acre operation located in...

Diem Named President of Berkley Underwriting Partners

Jul 17 2002 // W. R. Berkley Corporation appointed John S. Diem as the president of its subsidiary, Berkley Underwriting Partners, LLC, a management company that oversees managing general underwriter (MGU) program business. Diem, 55, has...

Combined Specialty Group Acquires Excess and Surplus Lines Insurer

Jul 17 2002 // Aon Corporation announced that Combined Specialty Group, Inc. (CSG) has acquired Sheffield Insurance Corporation from Vesta Insurance Group. Aon Capital Markets acted as advisor to CSG in connection with the...

PartnerRe Names Walker to Head of Catastrophe

Jul 16 2002 // Bermuda-based PartnerRe Ltd. named Tad Walker as the Group’s Head of Catastrophe. Walker will be responsible for PartnerRe’s worldwide book of catastrophe business and will manage the underwriting team based in...

Zions Bank Acquiring Utah-based Insurer

Jul 16 2002 // Zions Bank, a subsidiary of Zions Bancorporation, and Grant-Hatch & Associates, Inc., a Salt Lake City-based insurance agency, announced an agreement has been signed under which Zions will acquire Grant-Hatch. Under...

Brown & Brown Makes Asset Acquisition of Cooper, Brown & Currie

Jul 15 2002 // Jim W. Henderson, Executive Vice President of Brown & Brown, Inc. and Frank A. Brown, Jr., President of Cooper, Brown & Currie, Inc., of Rome, Georgia, announced the asset acquisition of Cooper, Brown &...

Marconi Named Partner of Stanley M. Davis and Company

Jul 11 2002 // San Leandro, Calif.-based Stanley M. Davis & Company Insurance Brokers appointed Kevin Marconi as partner. Marconi has been with the company for more than nine years in a production/business development capacity.

India’s WNS Acquires U.K. Claims Management Service Co.

Jul 10 2002 // India’s WNS (Holding) Ltd., one of a number of companies on the sub-continent which specialize in providing back office services, will acquire the U.K.’s Town & Country Assistance, an insurance claims...

ConfirmNet Corp. Details Partnership with Gallagher

Jul 9 2002 // San Diego-based ConfirmNet Corporation, the developer of the CertificatesNow and TrackCertsNow online insurance certificate services, has formed a corporate agreement with brokerage and risk management services firm Arthur...

Employers of Nev. Acquires Fremont Comp

Jul 4 2002 // Employers Insurance Company of Nevada (EICN) has acquired California-based Fremont Compensation Insurance Group’s book of business, effective July 1. Fremont Comp is a wholly-owned subsidiary of Fremont General...

Huntington Bancshares Sells J. Rolfe Davis Agency

Jul 4 2002 // Ohio-based Huntington Bancshares Incorporated announced the sale of the J. Rolfe Davis Insurance Agency Inc. to members of its management team. This transaction, and the absence of any related net earnings contribution...

Hub International Sells Over-Allotment Shares To Underwriters

Jul 2 2002 // Chicago and Toronto-based insurance brokerage, Hub International Limited, announced that J.P. Morgan Securities Inc., on behalf of the underwriters of the previously announced public offering of 6,000,000 common shares in...

Yasuda/Nissan Merger Creates Japan’s 2nd Largest P/C Insurer

Jul 1 2002 // Yasuda Fire & Marine Insurance Co. and Nissan Fire & Marine Insurance Co. have completed their merger, creating Sompo Japan Insurance Inc.the country’s second largest p/c insurer after Millea Holdings Inc.,...

First Federal Buys Exchange Underwriters

Jun 28 2002 // First Federal Savings Bank, in Monessen, PA, recently purchased a majority ownership in Exchange Underwriters, Inc., an insurance agency in Canonsburg, a suburb of Pittsburgh. The financial terms of the acquisition were...

CRC to Acquire American Marketing Center

Jun 20 2002 // Alabama-based CRC Insurance Services Inc. announced plans to buy New York City-based American Marketing Center (AMC). AMC will operate as a division of CRC. BB&T acquired CRC on Jan. 1. “This is about expanding...

Deutsche Bank Sells Remaining Stake in Munich Re

Jun 19 2002 // Germany’s Deutsche Bank (DB) placed its remaining 7.6 million shares in Munich Re for sale on the Frankfurt Stock Exchange Tuesday at € 213-215 ($201 -$203) slightly higher than anticipated. The sale is expected...

Ind. Farm Bureau Insurance Cos. Acquires Agway Insurance Co.

Jun 17 2002 // Indiana Farm Bureau Insurance Companies has reached a definitive agreement with Agway Inc. to acquire 100 percent of the stock of New York-based Agway Insurance Company, in a deal valued at $21 million. The transaction is...

U.S. Risk Insurance Group Acquires Business Assets of Ore. Company

Jun 12 2002 // U.S. Risk Insurance Group has acquired the business assets of J.G. Newman Co. in Portland, Ore. The agency will continue doing business as J.G. Newman Co. with an additional emphasis on expanding its underwriting and...

ACE, Freisenbruch-Meyer in Partnership to Serve Bermuda Market

Jun 11 2002 // Bermuda’s ACE Group is usually thought of as the personification of an international company, but it isn’t neglecting its local market either. ACE recently announced the establishment of a new local insurance...

AXA To Acquire BNP’s Banque Directe

Jun 7 2002 // French insurer AXA and BNP Paribas, the country’s second largest bank, announced that they have concluded an “an agreement in principle” for the sale of BNP’s on-line banking subsidiary Banque...