Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Insurance and Bonds Inc. and Cadenhead Shreffler Insurance Announce Merger
Apr 6 2005 // Insurance and Bonds Inc. and Cadenhead Shreffler Insurance, two of Texas’ leading independent surety bonding and insurance agencies, recently announced that the companies have merged. The merger was finalized March 1...
Argonaut Group Acquires Renewal Rights of Fireman’s Fund Binding Authority Business
Apr 4 2005 // San Antonio-based Argonaut Group Inc., a national underwriter of specialty insurance products in niche areas of the property and casualty market, announced it has reached an agreement with Fireman’s Fund Insurance...
Hartville Backs Off Insurance Company Acquisition
Apr 4 2005 // North Canton, Ohio-based pet insurer Hartville Group Inc. announced that its board of directors has decided that pursuing the acquisition of the property/casualty insurance company was no longer in the best interest of...
Old National Bancorp Acquires JWF Insurance Cos.
Apr 4 2005 // Evansville, Ind.-based Old National Bancorp announced recently that it has entered into definitive agreements to acquire JWF Insurance Cos. Inc., which does business as the JW Flynn Co. and JWF Specialty Co. Inc., a...
CNA Sells Med-Mal TPA
Apr 4 2005 // Chicago-based commercial insurer CNA Financial Corp. announced it has completed the sale of Caronia Corp., a third-party claims administrator focused on medical professional liability, to Octagon Risk Services Inc., a...
MetLife Sells Second Manhattan Building to Fund Acquisition of Travelers Life
Apr 3 2005 // MetLife Inc. agreed to sell its Manhattan building above Grand Central Station, formerly called the Pan Am building, for $1.72 billion, its second major real-estate deal this week. The sale to Tishman Speyer Properties LP...
Oak Street Funding Lands $50 Million Credit Facility
Mar 29 2005 // Carmel, Ind.-based agency lender Oak Street Funding has closed a $50 million syndicated bank group credit facility, led by JP Morgan Chase Bank. Oak Street Funding is a national commercial finance company dedicated to...
Community Insurance First Changes Name Following Acquisition
Mar 28 2005 // Bank of the West announced the debut of the new name of its insurance subsidiary, BW Insurance Agency Inc., which replaces the Community First Insurance name. Community First Insurance was part of the former Community...
Glencoe Acquires Savannah Re from Palmer & Cay
Mar 25 2005 // In a joint announcement private retail brokerage firm Palmer & Cay, Inc., and Glencoe U.S. Holdings Inc., the wholly owned U.S. subsidiary of Bermuda’s RenaissanceRe Holdings Ltd., affirmed that Glencoe has...
Highway PLC Acquisition Unlikely to Affect Chaucer Ratings Says S&P
Mar 25 2005 // Standard & Poor’s Ratings Services indicated that its “3” Lloyd’s Syndicate Assessment (LSA) on Chaucer – Syndicate 1084 (Chaucer or the syndicate) is “unlikely to be affected by...
Brooke Sells Stock of Topeka Company
Mar 25 2005 // Overland Park, Kan.-based agency franchisor Brooke Corp. announced that it has sold all of its holdings of First American Capital Corp. to the company in a privately negotiated transaction. First American is the holding...
Hylant Group Acquires Ann Arbor Agency
Mar 25 2005 // Toledo, Ohio-based agency Hylant Group has acquired Dobson-McOmber Agency to form Hylant of Ann Arbor. Steve Dobson, owner of Dobson-McOmber Agency, will retain an ownership in and serve as president of the Hylant of Ann...
N.Y. Court Denies Workers’ Compensation Survivor Benefits for Same-Sex Partner
Mar 23 2005 // A New York man who sought workers’ compensation benefits after his same-sex partner of more than 20 years was killed in an airplane crash has been denied his claim. The Appellate Division of the Supreme Court of the...
Maryland’s NAIS Partners with GE Insurance Solutions for its Nationwide Innkeepers Program
Mar 22 2005 // GE Insurance Solutions recently launched an insurance program for innkeepers with its newest program partner, NAIS, Inc. The comprehensive policy covers the inn, the owner, and the guest. The program is active in 48 states...
Leavitt Sells Interest in Leavitt Group
Mar 22 2005 // Motivated by federal ethical standards, Health and Human Services Secretary Mike Leavitt has divested his interests in two Utah-based, family owned corporations. Because his agency oversees the insurance and animal health...
M&A Services Expands to N.Y. City
Mar 18 2005 // Merger & Acquisition Services Inc., a financial intermediary and advisor to the insurance marketplace, is opening of a New York City office. Merger & Acquisition Services Inc., (http://www.merger-acquisition.net)...
S&P Assigns PartnerRe (Ireland) ‘AA-‘ Rating; Affirms Partner Re Ratings
Mar 16 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “AA-” financial strength rating to Partner Re Ireland Insurance Co. (PRII), a newly formed subsidiary of Bermuda-based PartnerRe...
ATLANTA M&A WORKSHOPS SLATED MAY 1-3
Mar 7 2005 // Mergers & Acquisitions: A Workshop for Insurance Agents and Bank Executives has been scheduled for May 1 to 3 in Atlanta by the Council of Insurance Agents and Brokers, the American Bankers Insurance Association and...
Med-Mal Writer ProAssurance to Expand Mid-Atlantic Reach with NCRIC Merger
Feb 28 2005 // Brimingham,Alabanama-based medcial malpractice insurer ProAssurance Corporation (NYSE: PRA) and NCRIC Group, Inc., our of Washington, D.C., (NASDAQ: NCRI) announced an agreement to merge NCRIC into ProAssurance in a $69.6...
Imagine Group Completes Danish Re Acquisition
Feb 24 2005 // The Barbados-based Imagine Group announced that its subsidiary, Imagine Insurance Company Limited, has completed the acquisition of Danish Re (Bermuda) Ltd. and all related subsidiaries of the Danish Re Group...
