Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
WellPoint Seeks to Buy WellChoice of N.Y., N.J.
Sep 28 2005 // WellPoint Inc., the country’s largest health insurer, is in talks to buy WellChoice Inc., an insurer with about 5 million customers in New York and New Jersey, according to a published report. The New York Times...
Mich. Judge Rules for Health Benefits for Gay Partners
Sep 28 2005 // An Ingham County, Michigan judge ruled that the state’s ban against gay marriage does not prevent public employers from providing health insurance to partners of gay employees. Circuit Judge Joyce Draganchuk says...
Wells Fargo Acquires JS Crop Insurance
Sep 28 2005 // Wells Fargo Insurance, Inc., a subsidiary of Wells Fargo & Company, has acquired the crop insurance business from Portland, Indiana-based JS Crop Insurance, Inc. (JS Crop), expanding Wells Fargo’s reach to...
Imagine to Acquire Lloyd’s Abacus
Sep 28 2005 // Imagine Insurance Company Limited, a member of The Imagine Group, announced that it has entered into an agreement in principle to acquire all of the outstanding shares of Abacus Syndicates Limited and Abacus Underwriting...
Grupo Catalana Acquires 7% Stake in Atradius from Swiss Re
Sep 20 2005 // Spanish insurer Grupo Catalana Occidente announced that it has acquired 3,969,466 shares in global credit insurer Atradius – an additional 7.01 percent stake – from Swiss Re, Atradius’ largest...
IICF, Insurance Journal Partner to Help Katrina Victims
Sep 14 2005 // The Insurance Industry Charitable Foundation is partnering with the Insurance Journal to reach out to the insurance community for support and help for the victims and families of Hurricane Katrina. Beginning early last...
First Niagara Financial Group Acquires Burke Group
Sep 12 2005 // First Niagara Financial Group Inc., the parent of First Niagara Bank, has acquired Burke Group Inc., an employee benefits administration and compensation consulting firm that has offices in Rochester and Syracuse and...
PartnerRe Updates Q3 Cat Impact
Sep 9 2005 // Bermuda-based PartnerRe Ltd. has issued a bulletin providing an update on the catastrophic events of the third quarter, and the potential impact on the Company’s shareholders’ equity. The bulletin did not give...
Harleysville, Trusted Choice Partner
Sep 9 2005 // Harleysville Insurance, a regional insurance company based in Harleysville, Pa., is the latest company to join the Trusted Choice consumer brand movement. Launched in 2001 by the Independent Insurance Agents & Brokers...
Beecher Carlson Acquires Lane & Assoc. in Atlanta
Sep 9 2005 // Beecher Carlson has announced it has acquired Lane & Assoc. Inc. a commercial property and casualty insurance agency in Atlanta. According to Tom Golub, Beecher Carlson president and CEO, the acquisition complements...
Illinois Agent Sells Bogus Circus Coverage
Sep 5 2005 // Insurance regulators in Kentucky and Nebraska are investigating an Illinois-based insurance company for allegedly defrauding amusement industry operators in Kentucky and Nebraska. Richard A. Brooks & Associates Ltd.,...
PartnerRe Names Clarke to Head Global P/C Business; Succeeding Nessi
Sep 5 2005 // Bermuda-based PartnerRe Ltd. announced that Emmanuel Clarke has been appointed Head of the P/C business unit for its Global (non-U.S.) operations, effective January 1, 2006. He succeeds Jean-Marie Nessi, who joined...
Brown & Brown Acquires Sleeping Giant Agency in Colo.
Sep 2 2005 // Brown & Brown Inc. of Tampa and Daytona Beach, Fla. has acquired the assets of The Fossi Group Inc. doing business as Sleeping Giant Agency Inc. of Steamboat Springs, Colo. The acquisition was announced jointly by...
Brown & Brown Acquires Nichols Agency in Philadelphia, Pa.
Sep 1 2005 // Nichols & Assoc., of Philadelphia, Pa., has been acquired by Brown & Brown of Tampa and Daytona Beach, Fla., according a joint announcement by Thomas E. Riley, regional president of Brown & Brown Inc. and...
USI Acquires Richard B. Cross
Aug 31 2005 // USI Holdings Corporation on Wednesday announced the closing of the previously announced acquisition of Cincinnati, Ohio-based Richard B. Cross & Associates Inc. Terms of the transaction were not disclosed. Cross has...
GNW-Evergreen of Los Angeles Completes Phase 2 of Merger
Aug 31 2005 // Los Angeles, Calif.-based GNW-Evergreen Insurance Services LLC announced completion of phase 2 of its merger. The newly completed 20,000-square-foot state-of-the-art insurance facility in Encino, California will allow...
XL Capital Acquires Argonaut Group’s Risk Management Business
Aug 29 2005 // XL America Inc. (“XL America”), the holding company for XL Capital Ltd’s U.S. operations, announced that it has entered into an agreement with the San Antonio, Texas-based Argonaut Group to acquire the...
USI to Acquire Richard B. Cross & Associates
Aug 25 2005 // USI Holdings Corporation, Briarcliff Manor, N.Y., today announced it has reached an agreement in principle to acquire Cincinnati, Ohio-based Richard B. Cross & Associates, Inc. sometime next month. Terms of the...
Diederich Acquires Doctors’ Financial
Aug 25 2005 // Diederich Insurance Agency of Carbondale, Ill. today announced the holdings acquisition of Doctors’ Financial Group, Inc. of Denver, Colo. Terms of the transaction were not disclosed. Doctors’ Financial Group,...
AIA Urges Colo. Legislators to Consider Non-Auto Insurance Options to Provide Funding for Trauma Care
Aug 23 2005 // The American Insurance Association urged Colorado legislators to consider several viable non-auto insurance options for providing additional funding for trauma care, as needed, to address the shortfalls that arise for...
