Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown Agrees to Acquire Hull & Co.
Feb 11 2005 // The signing of a definitive agreement for Brown & Brown Inc. to acquire the assets of Hull & Company Inc. of Fort Lauderdale, Fla. and its certain affiliated companies has been announced jointly by J. Hyatt...
Conn.’s Vertfaore Acquires Custom Insurance Solutions
Feb 4 2005 // Vertafore, Inc., a provider of software, services and information for the property and casualty insurance industry, has acquired Custom Insurance Solutions LLC of San Antonio, Texas. CIS sells management system products to...
Huskins Appointed Partner With Woodruff-Sawyer & Co.
Feb 4 2005 // Woodruff-Sawyer & Co., one of the largest independent insurance brokers in the nation, announced that Priya Cherian Huskins has been named a Partner with the firm. Huskins joined the firm’s Directors &...
First Niagara Acquires Ithaca, N.Y. Agency
Feb 2 2005 // First Niagara Risk Management, Inc., the wholly-owned insurance subsidiary of First Niagara Bank , has reached an agreement to acquire the L.A. Lama Insurance Agency. The acquisition of the Ithaca-based agency, which has...
MetLife to Acquire Travelers Life for $11.5 Billion; Firms Also Plan Distribution Partnership
Jan 31 2005 // MetLife, Inc. and Citigroup Inc. today announced an agreement for the sale of Citigroup’s Travelers Life & Annuity, and substantially all of Citigroup’s international insurance businesses, to MetLife for...
Sutter Announces Closing of Diversified Risk Acquisition
Jan 28 2005 // San Francisco-based Sutter Holding Company Inc. announced that it has closed on the previously announced acquisition of Diversified Risk Insurance Brokers, a commercial property and casualty insurance broker based in...
First Acceptance Corp. Acquires Texas Agency
Jan 26 2005 // First Acceptance Corporation, a provider of non-standard personal automobile insurance, announced it has acquired the assets of San Marcos, Texas-based HCS Claims Service Inc. dba Heritage Claims Services Inc., and LGNP...
Neace Lukens Acquires Integrity Insurance
Jan 26 2005 // Louisville, Ky.-based Neace Lukens Insurance has acquired Integrity Insurance Agency, a Lexington, Ky.-based agency that specializes in employee benefits. The acquisition is effective immediately and according to Douglas...
PartnerRe Believes Claims from European Windstorm Erwin to be Between $50-$60 Million
Jan 26 2005 // Bermuda-based PartnerRe Ltd. announced that claims relating to its exposure to Windstorm Erwin, which hit Northern Europe in early January, are expected to be between $50-$60 million. Windstorm Erwin battered Northern...
Sentry Acquires ALF Insurance Agency of Michigan
Jan 25 2005 // Stevens Point, Wis.-based mutual Sentry Insurance has purchased ALF Insurance Agency of Michigan Inc. from Dennis Hoyes. ALF has consistently ranked as one of Sentry’s largest agencies for specialty auto policies....
Halliburton Finalizes Funding for Asbestos, Silica Settlement; Collection Surpasses $1 Billion in Insurance
Jan 25 2005 // Halliburton announced on Tuesday that the company has completed the funding of the asbestos and silica settlements for its subsidiaries that had filed chapter 11 proceedings. Halliburton paid today the final cash...
Beneficial Bank Buys Philadelphia’s Hertel Agency
Jan 24 2005 // Beneficial Savings Bank announced that its wholly owned subsidiary, Beneficial Insurance Services, has acquired Philadelphia-based insurance brokerage firm Paul Hertel & Company. Beneficial, through Hertel, will now...
Gallagher Acquires Okla.’s Horton Insurance Agency
Jan 21 2005 // Illinois-based Arthur J. Gallagher & Co. announced it has acquired Horton Insurance Agency Inc. of Oklahoma City, Okla. Terms of the transaction were not disclosed. Formed in 1983, Horton Insurance Agency Inc. is a...
Marsh, Berry to Offer Financial Services to Partners
Jan 21 2005 // Concord, Ohio-based Marsh, Berry & Co.’s Agency Peak Performance EXchange has partnered with FIRST Insurance Funding Corp. and Lake Forest Bank & Trust to provide an exclusive package of financial services...
Access Insurance Holdings Buys Century American Casualty Co.
Jan 20 2005 // Access Insurance Holdings Inc. of Atlanta has purchased Austin, Texas-based Century American Casualty Co. for an undisclosed sum. The acquisition provides Access with insurance licenses in 14 states, and increases its...
Stock Purchase: AssuranceAmerica Acquires Cannon Insurance Agency
Jan 19 2005 // AssuranceAmerica Corp. has acquired Atlanta-based Cannon Insurance Agency for 3.6 million shares of common stock. Cannon is a retail insurance agency that produces about $7 million annual premium volume with emphasis on...
LSRAngel Partners with Quanta to Offer EPLI, D&O for Small to Medium-Sized Companies
Jan 17 2005 // Specialist EPLI program manager LSRAngel Inc. has announced a new partnership with the U.S underwriting subsidiaries of Quanta US Holdings Inc., a wholly-owned subsidiary of Quanta Capital Holdings Ltd., to provide...
Gallagher Buys La.’s Marine Insurance Service
Jan 16 2005 // Ill.-based Arthur J. Gallagher & Co. announced it has acquired Marine Insurance Service LLC of Metairie, La. Terms of the transaction were not disclosed. Originally founded in 1975, Marine Insurance Service LLC is a...
Two Ariz. Lawmakers Push Proposal to Ban Domestic Partner Benefits
Jan 16 2005 // A proposed constitutional amendment banning gay marriages in Arizona would outlaw all government-sponsored benefits to domestic partners. Republican Reps. Mark Anderson and Warde Nichols said their proposal will mirror...
Brown & Brown, Inc. Acquires Assets of Braishfield Assoc. in Orlando
Jan 14 2005 // The acquisition of substantially all of the assets related to the commercial business, including program and wholesale brokerage business of the Orlando, Fla. operations of Braishfield Assoc. Inc. has been acquired by...
