Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
SeaCoast Underwriters Inc. Acquires Franzese & Assoc.
Dec 28 2004 // SeaCoast Underwriters Inc. has announced its acquisition of Franzese & Assoc. of Orlando and Franzese & Assoc. of Florida. According to R.C. Chaffin, SeaCoast president and CEO the acquistion became effective...
Affirmative Acquires Assets of Agencies in Florida, Texas
Dec 23 2004 // Addison, Texas-based Affirmative Insurance Holdings Inc. reported it has signed definitive agreements to acquire the assets of two non-standard automobile insurance agency operations. In two separate transactions,...
Willis Completes Opus Holdings (UK) Acquisition
Dec 22 2004 // Willis Group Holdings announced that it has completed the acquisition of Opus Holdings Limited, a UK-based regional insurance broking and group benefits consultancy business, from the European buyout firm Bridgepoint...
Willis Acquires Mexican Broker Maisterrena
Dec 21 2004 // Global insurance broker, Willis Group Holdings, announced the purchase of the business of the insurance broker Maisterrena Asesores, Agente de Seguros y De Fianzas, SA de CV. The terms of the transaction were not...
Banks Cash-In on Acquisitions; Insurance Revenues on Track for Record Year
Dec 20 2004 // Insurance revenue reported to the Federal Reserve by the nation’s bank holding companies grew by $5.0 billion in the first half of 2004 to a level of $20.9 billion, 23 percent higher than at this same time last year,...
Berkshire Bank Buys Woronoco Savings Bank and Insurance Agencies in Mass.
Dec 20 2004 // Berkshire Hills Bancorp, Inc. (AMEX: BHL), the holding company for Berkshire Bank in Pittsfield, Mass., has agreed to purchase Woronoco Bancorp, Inc. (AMEX: WRO), the holding company for Woronoco Savings Bank, including...
PartnerRe to Participate in Remarketing Prf. Shares
Dec 17 2004 // Bermuda-based PartnerRe Ltd. has announced its intention to participate in the remarketing of the its 5.61 percent Series B Cumulative Redeemable Preferred Shares. “The Preferred Share is one of two component parts...
Brown & Brown Acquires C.F. Lake Co.
Dec 17 2004 // Brown & Brown Inc. of Daytona Beach and Tampa, Fla. has announced it has acquired C.F. Lake Limited doing business as C.F. Lake & Company of Minneapolis, Minn. C. F. Lake & Company is a retail property and...
Allianz Cornhill Sells Life Unit to Britannic
Dec 16 2004 // Allianz Cornhill, the U.K. operating division of Germany’s Allianz, has sold its U.K. direct life operations to the Britannic Group for £110 million ($212 million). The sale of the unit, which is closed to new...
PartnerRe Notice on Preferred Shares
Dec 15 2004 // Bermuda-based PartnerRe Ltd. announced that payment of a distribution on Capital Trust I Preferred Securities, and a dividend and contract adjustment payment on Premium Equity Participating Security (PEPS) Units, will be...
New Zealand Acquisition Expands Sirius Presence in Global Broker Market
Dec 15 2004 // Sirius Financial Solutions, a specialist supplier of software and services to the insurance and financial services industry, has acquired a majority share in New Zealand-based Datasure Management Systems Ltd. “This...
ING Canada Closes Allianz P/C Acquisition
Dec 10 2004 // ING Canada and Allianz Group have closed their previously announced definitive share purchase agreement for the acquisition by ING Canada of Allianz’ Canadian P/C operations. “Under the terms of the agreement,...
First Insurance Funding Names Miller Senior Sales VP
Dec 10 2004 // Northbrook, Ill.-based premium financer First Insurance Funding Corp. has named Jim Miller its senior vice president of sales. Miller will be responsible for the management of First’s sales efforts across the United...
13-member Fla. Citizens Task Force Discusses Funding, Customer Service
Dec 9 2004 // The first meeting of the Task Force on Policyholder Services and Relations to Citizens Property Insurance Corp. took place yesterday in Tallahassee. Participants have initially set up operating procedures and discussed how...
S&P Withdraws Rating on UMRE on Merger Talks with National Re
Dec 9 2004 // Standard & Poor’s Ratings Services announced that it has withdrawn its “Bpi” issuer credit rating and financial strength rating on Universal Malayan Reinsurance Corp. (UMRE). “The withdrawal is...
National Penn Bank Acquires D.E. Love Agency
Dec 9 2004 // National Penn Bancshares Inc. (NASDAQ: NPBC), parent company of National Penn Bank, has acquired D.E. Love Associates Inc., a full service insurance agency headquartered in Yardley, Pa. The deal was announced by Stamford,...
AmWINS Acquires N.C. Quaker Special Risk
Dec 8 2004 // Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS), a large independent wholesaler, has acquired the southeast office of Quaker Special Risk. AmWINS provides retail agents with insurance services, from...
Calif. Releases 2005 User Funding/Fraud/Uninsured Employer & Subsequent Injury Fund Rates
Dec 6 2004 // The California Department of Industrial Relations (DIR) has issued 2005 assessment rates for User Funding, Anti-Fraud Programs, the Uninsured Employer Benefit Trust Fund and the Subsequent Injury Benefit Trust Fund. State...
Planning to Grow: The Art of Agency Acquisition, Part One
Dec 6 2004 // Growing a firm through acquisition is somewhat like negotiating slippery winter roads: to do it well, one must know the terrain and current conditions and be extremely skillful. It’s not so wise to just jump in the...
Partners Continue to Come and Go, But It’s a Great Time to Jump in the Game
Dec 6 2004 // Partners Continue to Come and Go, But It’s a Great Time to Jump in the Game Program business over the past 10-15 years has been a rocky road for the insurance industry. Companies are in the game today, but gone...
