Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown Acquires ECC Brokers
Jan 14 2005 // ECC Insurance Brokers LLC of Oak Brook, Ill. has been acquired by Brown & Brown Inc. with headquarters Daytona Beach and Tampa, Fla. ECC has combined annualized revenues of approximately $3.9 million. This wholesale...
U.S.I. Holdings Completes Agreement to Acquire Summit Global Partners
Jan 13 2005 // U.S.I. Holdings Corporation announced it has completed negotiations on a definitive agreement to acquire Dallas, Texas-based Summit Global Partners. The closing of the SGP acquisition, which is subject to customary closing...
Fla. Insurance Regulators Approve QualSure, Sunshine State Insurance Merger
Jan 13 2005 // The merger of QualSure Insurance Corp. with and into Sunshine State Insurance Company of Ponte Verde Beach, Fla. has been approved by the Florida Office of Insurance Regulation according to Bruce K. Howson, SSIC president...
Agent Association Partners to Offer Online Education
Jan 11 2005 // The National Association of Professional Insurance Agents has announce a partnership with Learn.net to launch a new on-line CE and Professional Skills Education Center for member and non-member agents at:...
PartnerRe: Tsunami Claims Likely $25M-$35M
Jan 11 2005 // Bermuda-based PartnerRe Ltd. on Tuesday estimated that claims relating to its exposure to the earthquake and resulting tsunami in Southeast Asia on Dec. 26, 2004 are expected to be between $25-$35 million. PartnerRe...
Bankers Insurance Center Acquires Troy & Montgomery
Jan 9 2005 // Louisiana’s Bankers Insurance Center LLC, announced it has acquired Troy & Montgomery Insurance, one of the largest independent insurance agencies in north Louisiana. The acquisition is effective Jan. 1,...
HRH Acquires Wyo. Agency
Jan 7 2005 // Hilb Rogal & Hobbs Company, an insurance and risk management intermediary, has acquired substantially all of the assets of Ed Murray & Sons Inc. (EMS), a Wyoming-based insurance broker. Terms of the transaction...
Encore Bank Affiliate Acquires Houston’s John A. Bumstead & Assoc.
Jan 7 2005 // Encore Bank announced that its affiliate, Town & Country Insurance Agency Inc., acquired the business of John A. Bumstead & Associates Inc., a Houston insurance agency specializing in personal insurance...
Ocala, Fla. Branch of USI Holdings Corp. Acquired by Brown & Brown
Jan 5 2005 // Brown & Brown (NYSE:BRO) of Daytona Beach and Tampa, Fla. has announced it has acquired the Ocala, Fla. Branch office of the Florida subsidiary of USI Holdings Corp. (NASDAQ:USIH). The acquisition was jointly...
Affirmative Completes Acquisitions in Fla., Texas
Jan 5 2005 // Addison, Texas-based Affirmative Insurance Holdings Inc. announced the completion of two previously disclosed acquisitions. The first acquisition consists of the assets of the retail agency and franchise operations of 21st...
National Penn Buys Pa.’s Krombolz Agency
Jan 4 2005 // National Penn Bancshares Inc. (Nasdaq: NPBC), parent company of National Penn Bank, has acquired Krombolz Agency Inc., a 70-year-old, family-owned insurance firm based in West Chester, Pa. The acquisition adds another firm...
Brown & Brown Completes American Specialty Companies Acquisition
Jan 4 2005 // Brown & Brown Inc. (NYSE: BRO), with offices in Daytona Beach and Tampa, Fla. and American Specialty Companies, Inc., of Roanoke, Indiana, today announced the consummation of the previously announced asset acquisition...
S&T Bank Acquires Two Pa. Agencies
Jan 4 2005 // S&T Bank, based in Indiana, Pa., has acquired Bennett Associates, Inc. and Cowher- Nehrig & Co., (the Bennett Group), two multi-line insurance agencies. These agencies, which are located in Ebensburg and Nanty...
Montgomery, Ala.-based Alfa Corp. Buys Vision Insurance Group
Jan 4 2005 // Montgomery, Ala.-based Alfa Corp. has purchased Vision Insurance Group of Brentwood, Tenn. The transaction involved $20 million in cash and stock, with an additional purchase consideration of as much as $14 million, based...
Carrying Out the Growth–The Art of Agency Acquisition, Part Two
Jan 3 2005 // After warming up the new Caddy, defrosting the windows, and buckling up the seat belts, what could possibly be left to do before hitting the road to acquisition? To grow agency business by acquiring other firms, following...
QUAKER SR SELLS SE WHOLESALE BROKERAGE:
Jan 3 2005 // Quaker Special Risk (QSR), of Sea Girt, N.J., excess and surplus lines insurance brokers exclusively serving retail brokers since 1960, has sold its southeast wholesale brokerage office to Charlotte, N.C.-based American...
Partnership to Improve Hurricane Preparedness
Jan 3 2005 // Floridians will long remember 2004 as the year of the hurricane. The Atlantic region had 15 named storms, nine of them hurricanes. Of those, four hit Florida in the span of six weeks. Recently, hurricane forecaster William...
Nashville-based Bankers Insurance Buys Mann, Smith & Cummings; Eyes Ky., Ga.
Jan 1 2005 // Nashville, Tenn.-based Bankers Insurance Group bought Mann, Smith & Cummings of Clarksville from the Synaxis Group, also of Nashville. The purchase brings Bankers annual premium revenues to $20 million. Mann, Smith...
AEGON Sells Spanish P/C Unit to Reale Mutua
Dec 31 2004 // AEGON, the Dutch insurance and financial services provider, announced that it has entered into an agreement to sell AEGON Seguros Generales, its general insurance subsidiary in Spain, to Italian mutual insurance company...
PartnerRe Accelerates 2 Million Share Repurchase
Dec 28 2004 // Bermuda-based PartnerRe Ltd. announced the repurchase of 2 million shares of its common stock in an accelerated share repurchase agreement. The bulletin, released Friday, Dec. 23, said the shares would “be purchased...
