Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown Acquires BeneTec Inc. of Ark.
Jun 8 2005 // Florida’s Brown & Brown Inc. reported its asset acquisition of BeneTec Inc. of Arkansas headquartered in Rogers, Ark. The announcement regarding the acquisition was made jointly by C. Roy Bridges, regional...
Chadbourne & Parke Expands London Office; 5 Partners Join Firm
Jun 7 2005 // The international law firm of Chadbourne & Parke LLP announced that it is strengthening its insurance and reinsurance practice with the appointment of five partners from Denton Wilde Sapte. The partners will be joined...
Thomson West, AIA Partner
Jun 3 2005 // Minnesota-based Thomson West and the American Insurance Association (AIA) announced a new partnership that will reportedly give AIA and its members valuable resources, educational opportunities and faster access to...
Hartford Mayor Moves to Block MetLife-Travelers Merger
Jun 2 2005 // Hartford Mayor Eddie Perez has asked the state insurance commissioner to block a planned merger of MetLife Inc. and Travelers Life & Annuity. Perez said MetLife has not offered a formal commitment to retain jobs and...
Strategy International to Acquire RS Group of Companies
Jun 1 2005 // Toronto-based Strategy International Insurance Group Inc., which provides specialty lines of insurance, reinsurance and structured risk underwriting focusing on credit risk and credit enhancement, has signed a letter of...
Assurex Adds New Partner in Thailand
May 26 2005 // Assurex Global — the world’s largest privately held risk management and commercial insurance brokerage group – announced that it has expanded its worldwide presence with the addition of an international...
Agency Resource Group Announce Strategic Partnerships with Pacificare and United Concordia
May 25 2005 // Valley-based Agency Resource Group Inc. (ARG) President Bud Bowlin announced two strategic alliances with major national insurance providers – PacifiCare and United Concordia Insurance Company (United Concordia). ARG...
Zurich Sells Majority Interest in ZC Sterling Corporation to Trident III
May 24 2005 // Zurich Financial Services Group (Zurich) and Trident III, L.P., an investment trust, announced that they have signed a definitive stock purchase agreement for Trident to acquire Zurich’s equity stake of approximately...
Independent Banks Partner to Save on Calif. Workers’ Comp Costs
May 19 2005 // Facing ever-increasing workers’ compensation costs, a group of California banks received approval from the FDIC and filed an application with the State of California to form a self-insurance group (SIG) and is...
Conn.’s Sinclair Group Acquires Surety Specialist, J. Biron
May 19 2005 // The Sinclair Insurance Group of Wallingford, Conn. has enhanced its commercial insurance services through the acquisition of a leading surety bond specialist for the Northeast construction industry. As of May 1, 2005, J....
Regions Insurance Acquires Galbreath Insurance Agency
May 18 2005 // Regions Insurance Group, a subsidiary of Regions Financial Corp., has through its subsidiary Rebsamen Insurance Inc. acquired the customer accounts of Memphis-based Galbreath Insurance Agency. In addition, Rebsamen has...
So. Africa’s Old Mutual in Acquisition Talks with Skandia
May 16 2005 // South Africa’s Old Mutual plc confirmed that it is in preliminary discussions with Skandia concerning a potential transaction. It said only that “discussions are at an early stage and may or may not lead to Old...
Glennon Insurance Selected as Irish Partner by HLA Global
May 16 2005 // Dublin-based broker Glennon Insurance has been appointed as the Irish partner of HLA Global, the world’s largest network of independent insurance brokers HLA Global is a partnership network between Acordia (a Wells...
PartnerRe Announces Plan to Repurchase up to 5 Million Shares
May 12 2005 // Bermuda’s PartnerRe Ltd. announced that its Board of Directors has approved an increase in the company’s stock repurchase authorization for a total of up to 5 million common shares. “This reflects an...
T.H. Lee Partners to Sell 11.6 Million Shares of AXIS Capital
May 12 2005 // Bermuda-based AXIS Capital Holdings Limited announced that Thomas H. Lee Partners and related entities (T.H. Lee) have agreed to sell approximately 11.6 million of AXIS Capital’s common shares in a block trade. The...
Specialty Underwriters Partners With Public Entity Specialist
May 12 2005 // Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Specialty Risk Solutions, which is also based in the Windy City and specializes in the public entity segment...
The Hartford, Aetna Partner Up on Workers’ Comp Plan
May 11 2005 // The Hartford Financial Services Group Inc. and Aetna announced a strategic workers’ compensation relationship to help manage the rising costs of workplace injuries and illnesses. The Hartford has contracted with...
G.J. Sullivan Co. Acquires Books of Business
May 10 2005 // Orange, CA – G. J. Sullivan Co. Excess & Surplus Lines, Inc., Orange, CA and London American General Agency (LAGA) of San Diego and Arizona announce that they have signed a definitive agreement for GJS to...
The Family That Farms Together, Sells Insurance Together
May 9 2005 // Suydam Agency Firmly Planted in Community It Serves They could sweep me out of my office and I know that the business would continue just fine. But what am I going to do if I’m not here? I’m not going to work...
Darwin Acquires Ulico Indemnity Shell
May 6 2005 // Darwin National Assurance Company has acquired 100 percent of the stock of Ulico Indemnity Company from Ulico Casualty Company, a ULLICO subsidary. The purchase price was $3 million for licenses and approximately $22...
