Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Best Assigns Debt and IC Ratings to PartnerRe
Nov 12 2004 // A.M. Best Co. announced that it has assigned a debt rating of “bbb” to Bermuda-based PartnerRe Ltd.’s $200 million 6.5 percent Series D Cumulative Redeemable Preferred Shares. It also assigned PartnerRe...
S&P Rates PartnerRe Preferred Stock Issue ‘BBB+’; Affirms Rating, Stable Outlook
Nov 11 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” preferred stock rating to Bermuda-based PartnerRe Ltd.’s (PRE’s) proposed $200 million Series D Cumulative...
Two Southeast States Could Reconsider Anthem/WellPoint Merger
Nov 11 2004 // Georgia and West Virginia are two southeast states that could reconsider their earlier approval of the Anthem Inc./WellPoint merger, after California’s $265 million concessions package in California. Seven other...
Curley Group Buys Williams Insurance Agency
Nov 11 2004 // Curley Insurance Group, a Dallas based independent agency, announced it recently purchased the Williams Insurance Agency, located in the Oak Lawn area of Dallas. The Williams Agency specializes in personal and small...
Anthem and WellPoint Announce Merger Approval by CDI
Nov 9 2004 // Anthem Inc. and WellPoint Health Networks Inc. announced that John Garamendi, Commissioner of the California Department of Insurance (CDI), has granted his approval for their pending merger. In July of this year, the...
HANCOCK BANK TO BUY RKW:
Nov 8 2004 // Hancock Bank of Gulfport, Miss., will acquire property and casualty insurance agency Ross-King-Walker Inc. (RKW) of Hattiesburg, according to company officials. The purchase will be an all-cash transaction and is expected...
IBHS Notes Strategic Partnerships at Conference
Nov 5 2004 // The Institute for Business & Home Safety (IBHS) formalized three strategic partnerships with organizations whose reach extends throughout the U.S. and beyond at its annual conference this last week in Orlando. IBHS...
HCC Announces the Acquisition of cineFinance, Formation of ASU Entertainment Division
Nov 4 2004 // HCC Insurance Holdings Inc. announced the acquisition of cineFinance LLC (cF), a Los Angeles-based underwriting agency operation specializing in completion bonds for movie and television studios worldwide. The amount of...
U.K.’s Highway Insurance Acquires Direct Motorline
Nov 3 2004 // The U.K.’s Highway Insurance Holdings has confirmed the acquisition of telebroker Direct Motorline Limited for £3.4 million ($6.2 million) plus £0.6 million ($1.1 million) in respect of tangible net assets. Direct...
Hub Acquires Canadian Broker TILCO
Nov 3 2004 // Hub International Limited announced that its Canadian life and financial services wholesale brokerage, Hub Financial, Inc., has acquired TILCO Financial Services Ltd. of Victoria, British Columbia. Terms of the cash...
U.K.’s Beazley to Raise $190 Million to Fund Omaha Insurance Acquisition
Nov 2 2004 // Lloyd’s insurer Beazley Furlonge Ltd. announced that it plans to raise £105 million ($191 million) through a rights issue, to both strengthen its capital position, and to fund the acquisition of Omaha Insurance...
Miss. Trustmark Bank to Acquire Fisher-Brown Agency
Nov 2 2004 // Trustmark Corporation, parent of Jackson, Miss.-based Trustmark National Bank, announced today it will acquire Fisher-Brown Inc., an insurance agency in northwest Florida. Fisher-Brown will become a wholly owned subsidiary...
HRH Acquires Surplus Ltd.
Nov 2 2004 // Giant insurance and risk management intermediary Hilb Rogal & Hobbs Company (HRH), headquartered in Richmond, Va., announced it has acquired substantially all of the assets of Surplus Ltd., a Texas-based managing...
Ill. Gov Notes More Than $1 Million in Funding to Help Utica, Other Communities Rebuild from Tornadoes
Nov 1 2004 // In order to expedite Utica’s long-term economic recovery plans, Illinois Gov. Rod Blagojevich announced more than $1 million in funding recently that will help rebuild and enhance this and other communities...
HCC to Acquire 34% Interest in UK’s DeMontfort Group from CNA Surety
Oct 28 2004 // Houston’s HCC Insurance Holdings, Inc. announced today that it has reached an agreement to acquire the 34 percent interest, currently owned by CNA Surety, in the common shares of the U.K.-based DeMontfort Group of...
Maine’s Northeast Bank Buys Sargent Agency
Oct 28 2004 // Northeast Financial Services, Co., Auburn, Maine, a subsidiary of Northeast Bank, recently agreed to acquire Sargent Insurance Agency of Rangeley, Maine. The expanded insurance agency will be known as Northeast Financial...
Arthur J. Gallagher & Co. Acquires N.Y.’s Yanoff
Oct 26 2004 // Arthur J. Gallagher & Co. (NYSE:AJG) announced the acquisition of I. Arthur Yanoff & Co., Ltd., headquartered in Valley Stream, New York. Terms of the transaction were not disclosed. Incorporated in 1966, I....
Cox Acquires J. McWhirter (Insurance Brokers) Ltd.
Oct 22 2004 // The U.K.’s Cox Insurance Holdings Plc announced that it has acquired the entire issued share capital of J. McWhirter (Insurance Brokers) Ltd. (JMW), a Northern Ireland broking business for a total cash consideration...
State Farm Partners with HFSC’s Steering Committee to Increase Home Safety
Oct 21 2004 // The nonprofit Home Fire Sprinkler Coalition (HFSC) announced that State Farm Insurance is the first representative of the insurance industry to join HFSC’s Steering Committee. “From the Coalition’s...
Scottish Re to Acquire ING Re’s Individual Life Reinsurance Business
Oct 19 2004 // Scottish Re Group Limited, a global life reinsurance specialist, announced that it has agreed to acquire the individual life reinsurance business of ING Re. The transaction is expected to close by the end of the...
