Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Files To Offer up to $600 Million in New Securities
Dec 17 2001 // Bermuda’s PartnerRe Ltd. has filed a shelf registration statement with the Securities and Exchange Commission “for the proposed offering from time to time of up to $600 million of securities.” While no...
Selective Acquires Servicing Rights to Highlands Flood Policies
Dec 17 2001 // Selective Insurance Group of Branchville, New Jersey announced that it has purchased the servicing rights to flood insurance policies issued by the troubled Highlands Insurance Group. (See IJ Website Dec. 10,...
PartnerRe Estimates Net Loss Exposure to Enron at $34 Million
Dec 14 2001 // Bermuda’s PartnerRe Ltd. announced that its aggregate loss exposure following the collapse of Enron Corp. was approximately $49 million on a pre-tax basis, and $34 million after tax. “The bulk of...
Swiss Re Completes Lincoln Re Acquisition
Dec 10 2001 // Swiss Re Life & Health America Inc., the U.S. unit of Swiss Re Group, announced that its has completed the acquisition of Lincoln National’s reinsurance operations, Lincoln Re, for the announced price of $2...
Nekema Inc., InsurePoint.com Complete Merger
Dec 7 2001 // New Jersey-based Nekema Inc. and Ohio-based InsurePoint.com Inc. have completed a merger. InsurePoint.com was founded in 1996 by Bolton & Company in Pasadena and Atlantic Mutual Companies of New York. Established in...
InsuranceNoodle Signs 650th Agency Partner
Dec 5 2001 // Chicago-based e-broker InsuranceNoodle recently signed its 650th “NoodleNetwork” insurance agency partner to quote and bind small commercial insurance business using the e-broker’s proprietary web-based...
iMapData Establishes Partnership with NICB to Fight Fraud
Dec 5 2001 // iMapData, a BrandPartners Group Inc. company, announced that it has established a partnership with the National Insurance Crime Bureau (NICB) to create and market products to fight insurance fraud. It also announced the...
Univest Completes Acquisition of Gum Insurance
Dec 4 2001 // Pennsylvania’s Univest Corp. announced that it has completed the acquisition of Gum Insurance, based in Lansdale PA, from the Turner Group of Parsippany NJ. The terms of the acquisition were not disclosed. “Gum...
Aon Corp., First American Form Partnership
Nov 29 2001 // Aon Corporation’s risk services group and The First American Corporation, a diversified provider of business information and related products and services, announced a strategic partnership to market First...
Gallagher Acquires Lloyd’s Broker MRS; Willis Ups Stake in German Broker JWA
Nov 28 2001 // Two of the world’s biggest insurance brokers are growing. Arthur J. Gallagher & Co. announced that it had acquired MRS Holdings Ltd. of London for an undisclosed amount, and Willis Group Holdings said it will...
BB&T’s Aggressive Expansion Plan Includes Mergers, Acquisitions
Nov 26 2001 // BB&T Corporation, the Winston-Salem, N.C.-based financial services company with strong insurance interests, is maintaining its strategy of expansion across the southern U.S. by agreeing in principle to merge with...
PartnerRe Finalizes Terms of $375 Million Offerings
Nov 20 2001 // Bermuda-based PartnerRe announced the prices and terms of two concurrent securities offerings, expected to raise $375 million. Standard & Poor’s has given its single-‘A’-minus ratings to both...
UnionBanCal to Acquire Armstrong/Robitaille
Nov 20 2001 // UnionBanCal Corporation announced that its Union Bank of California, N.A. subsidiary signed a definitive agreement to purchase Fullerton, Calif.-based Armstrong/Robitaille Business and Insurance Services, a regional...
Phoenix Investment Partners Signs Deal with Los Angeles Firm
Nov 19 2001 // Phoenix Investment Partners, Ltd., the wholly owned asset management subsidiary of The Phoenix Companies, Inc. signed a definitive agreement to acquire a majority interest in Kayne Anderson Rudnick Investment Management...
BB&T’ Southern Expansion Includes Mergers, Acquisitions
Nov 19 2001 // BB&T Corporation, the Winston-Salem, N.C.-based financial services company with strong insurance interests, is maintaining its strategy of expansion across the southern U.S. by agreeing in principle to merge with...
American Physicians Capital to Acquire RTW Inc.
Nov 14 2001 // American Physicians Capital Inc., a national provider of medical professional liability coverage and workers’ compensation, has agreed to acquire RTW Inc., a Minneapolis-based workers’ comp insurer. American...
Arthur J. Gallagher & Co. Completes Acquisition of 3 Companies
Nov 12 2001 // Illinois-based Arthur J. Gallagher & Co. announced the completion of three acquisitions: Cashan & Company of Hammonton, New Jersey; Hartstein Associates Inc. of Warren, N.J.; and Henderson Phillips Fine Arts of...
AMS Services Acquires ‘The Solution’ from ChannelPoint
Nov 12 2001 // AMS Services Inc., a provider of insurance software and services, announced the acquisition of The Solution, the IAS business of InsurQuote from ChannelPoint. The acquisition includes a Windows® rating product that is...
Arthur J. Gallagher Acquires NJ, DC Brokers
Nov 9 2001 // Arthur J. Gallagher has added three new brokers to its recent list of acquisitions, taking control of Cashan & Company of Hammonton, New Jersey; Hartstein Associates, Inc. of Warren, New Jersey, and Washington...
Insuremytrip.com Partners with Travelex
Nov 8 2001 // Insuremytrip.com, an online provider of travel insurance, announced a business partnership with Travelex, an industry leader offering travel insurance protection to travelers. Insuremytrip.com takes visitors through...
