Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
PartnerRe, Max Re Report 3Q Losses
Nov 7 2001 // Two Bermuda-based reinsurers, PartnerRe and Max Re, have posted third quarter net losses of $338.5 million and $8.7 million respectively, primarily due to claims related to the attacks of Sept.11. PartnerRe confirmed...
S&P Reaffirms PartnerRe Ratings, Off CreditWatch
Nov 6 2001 // Standard & Poor’s announced that it has removed Bermuda-based PartnerRe from its CreditWatch, and has affirmed the company’s single-‘A’-plus counterparty credit and single-‘A’-minus...
XL Affirms Le Mans Re Acquisition, Plans Capital Increase
Oct 31 2001 // XL Capital Ltd reaffirmed its previously announced plan to acquire a 67 percent controlling interest in France’s Le Mans Re from its partner Les Mutuelles du Mans Assurances Group (MMA), and announced that the two...
HCC Completes Acquisition of Professional Indemnity Agency
Oct 29 2001 // HCC Insurance Holdings announced that it has completed the acquisition of Marshall Rattner, Inc., the parent company of Mt. Kisco, NY-based Professional Indemnity Agency, Inc. The agency focuses on several specialty lines,...
PartnerRe See 3Q Loss, Will Raise $350 Million
Oct 29 2001 // Bermuda’s PartnerRe, which already announced estimated net losses from the Sept.11 attacks of around $400 million, announced additional losses of around $25 million, and said it would report a third quarter operating...
Four Companies Join Trusted Choice Branding Initiative as Founding Partners
Oct 29 2001 // Four leading insurance carriers have signed on as founding sponsors of Trusted Choice, the new consumer marketing brand created by the Independent Insurance Agents of America (IIAA) and independent agency insurance...
Sandy Spring Bank to Acquire Chesapeake Agency
Oct 25 2001 // Sandy Spring Bank, a subsidiary of Sandy Spring Bancorp, Inc., announced that it has reached an agreement to acquire the assets and liabilities of general agency Chesapeake Insurance Group (CIG) of Annapolis Maryland....
