Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Estimates Q3 Hurricane Losses
Sep 28 2004 // Bermuda-based PartnerRe Ltd. said it estimates that claims relating to its exposure to Hurricane Ivan are expected to be between $35-$45 million, with the loss split equally between U.S. and Caribbean exposures. “The...
Milne Scali & Company Acquires Surety Business
Sep 28 2004 // Richard W. Milne Jr., chairman of Phoenix-based Milne Scali & Company, a subsidiary of BNC National Bank and its parent company BNCCORP Inc., announced its acquisition of Tim Mitchell’s surety business. The...
Flood Zone Correction, Willis Group Partner
Sep 24 2004 // Flood Zone Correction Inc. (FZC), a flood zone correction company, has announced an alliance with Willis Group, one of three global insurance brokers. For a two-year term, Flood Zone Correction Inc. will provide flood zone...
Arthur J. Gallagher Acquires Texas Brokerage
Sep 23 2004 // Arthur J. Gallagher & Co. announced it has acquired the Sheridan Insurance Group of Friendswood, Texas. Terms of the transaction were not disclosed. Founded in 1984, the Sheridan Insurance Group, doing business as...
MJM Investigations, Royal & SunAlliance Partner in Fight Against Fraud
Sep 20 2004 // With insurance fraud reportedly totaling an average of $80 billion a year, North Carolina-based MJM Investigations Inc. and Royal & SunAlliance have inked an agreement that emphasizes the commitment of both companies...
Mergers & Acquisitions Made Easy with Your Strategic Advisory Director
Sep 20 2004 // There’s no doubt that mergers and acquisitions are a booming trend right now. Every day, agencies purchase other agencies; large insurers buy out agencies, brokerages merge together to form a united front against...
Va.’s Hilb Rogal Acquires Wisconsin Broker
Sep 17 2004 // Hilb Rogal & Hobbs Company (NYSE:HRH), a worldwide insurance and risk management intermediary based in Richmond, Va., has agreed to acquire the operating assets of Insurance Services, Inc., (Insurance Services), a...
Jack Henry & Associates Acquires Banc Insurance Services for ‘Turnkey’ Agency Outsourcing
Sep 15 2004 // Monett, Mo.-based Jack Henry & Associates Inc. announced that it has acquired Massachusetts-based Banc Insurance Service Inc. (BIS), an insurance agency outsourcer for financial institutions. Terms of the transaction...
Tower Group Buys Pre-Atlantic Mutual N.Y. Commercial Renewals from OneBeacon
Sep 15 2004 // New York-based Tower Insurance Group has agreed to purchase the renewal rights on most of the New York commercial business OneBeacon Insurance held prior to OneBeacon’s buying Atlantic Mutual’s book of business...
Lighthouse Announces Eldercare Acquisition, Expansion
Sep 15 2004 // Annandale, Va.-based The Lighthouse Companies, a program underwriting company that works with select industry groups, has announced that it has acquired the remaining outstanding membership shares of Lighthouse Eldercare,...
USI Holdings Corp. to Acquire Summit Global Partners
Sep 14 2004 // USI Holdings Corporation reported it reached an agreement in principle to acquire Dallas, Texas-headquartered Summit Global Partners (SGP). The transaction, the terms of which were not disclosed, is expected to close in...
Arthur J. Gallagher & Co. Acquires Fla. Operation
Sep 7 2004 // Arthur J. Gallagher & Co. announced the acquisition of Strategix Inc. of Oviedo, Florida. Terms of the transaction were not disclosed. Established in 1992, Strategix Inc. is an employee benefits operation offering a...
Philadelphia Cos. Buys Renewal Rights for Palmer & Cay’s Bowling Program
Sep 7 2004 // Philadelphia Insurance Companies has finalized an agreement with Palmer & Cay Corporation to purchase the renewal rights on Palmer & Cay’s Club 300 Bowling Center program. Philadelphia Insurance Companies...
Fiserv Acquires Results International Systems
Sep 3 2004 // Brookfield, Wis.-based Fiserv Inc. has acquired Results International Systems Inc., a provider of outsourced solutions for the property/casualty insurance industry. The acquisition will contribute about $7 million in...
Alfa Corp. to Acquire Vision Insurance Group
Sep 3 2004 // Alabama-based Alfa Corp. and the Vision Insurance Group L.L.C. announced a definitive agreement whereby Alfa Corp. will acquire Vision, a managing general agent writing new business in nine states. Alfa Corp. will purchase...
N.Y.’s Smithtown Bank Buys Seigerman-Mulvey
Sep 2 2004 // Bank of Smithtown has completed its acquisition of the Seigerman-Mulvey Co. insurance agency of East Setauket, New York. Seigerman-Mulvey Co. is an agency that has been doing business on Long Island for 30 years, placing...
Kaplan Professional Acquires The Saenger Organization
Sep 2 2004 // Kaplan Professional, a division of Kaplan, Inc., has acquired The Saenger Organization on behalf of its subsidiary, Dearborn Financial Services. The Saenger Organization is a provider of insurance pre-licensing and...
Hilb Rogal & Hobbs Acquires Frank F. Haack & Assoc.
Sep 1 2004 // Hilb Rogal & Hobbs Company has announced that it has acquired all of the stock of Frank F. Haack & Associates, Inc. (Haack), a Wisconsin-based insurance brokerage and employee benefits consulting operation with...
AMC Buys Arizona Insurance Brokers Assets
Aug 30 2004 // American Management Corporation has recently purchased assets of two Scottsdale, Arizona wholesale insurance brokers, Cargill Sherman and Associates and the Embassy Insurance Group. These assets include insurance renewals...
PartnerRe, Converium, Transatlantic and SCOR Give Preliminary Loss Estimates from Hurricane Charley
Aug 20 2004 // Bermuda-based PartnerRe Ltd. estimated that claims relating to its exposure to Hurricane Charley are expected to be between $35 and $45 million. Transatlantic Holdings, Inc. announced from New York that its estimated net...
