Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Fla.-Based Brown & Brown Acquiring American Specialty
Dec 28 2004 // Brown & Brown Inc. has announced an agreement to acquire the assets of American Specialty Cos. Inc. of Roanoke, Ind., for an undisclosed amount. The company has about $13 million in annual revenue. The deal...
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,...
