Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ING to Acquire Most of Allianz Canada, S&P Puts Insurer on CreditWatch
Oct 10 2004 // The Netherlands’ ING Group and Germany’s Allianz announced that they have concluded a definitive share purchase agreement for the acquisition of Allianz’ property and casualty (P&C) insurance...
Willis Acquires Grande Insurance Brokers, Hong Kong
Oct 6 2004 // Global insurance broker Willis Group Holdings announced the purchase of the business portfolio of Hong Kong-based insurance broker The Grande Insurance Broker Limited. Terms of the transaction were not disclosed. Willis...
Vista Equity Acquires Applied Systems
Oct 5 2004 // Vista Equity Partners and James P. Kellner have acquired Applied Systems Inc., the insurance software company born 20 years ago in suburban Chicago as a one-product, home-based business that grew to become a leading...
Willis Completes Acquisition of English Broker
Oct 5 2004 // Global insurance broker Willis Group Holdings announced that it has completed the acquisition of CH Jeffries (Insurance Brokers) Limited, a North West England-based insurance broker with annual revenues of approximately...
Willis Completes Coyle Hamilton Acquisition
Oct 4 2004 // Global insurance broker Willis Group Holdings announced that, following the granting of regulatory approval, it has completed the acquisition of a 56 percent shareholding in Coyle Hamilton, the Republic of Ireland’s...
Endurance to Acquire XL Re America Surety Business
Oct 1 2004 // Bermuda-based Endurance Specialty Holdings Ltd. and XL Reinsurance America Inc. jointly announced that Endurance’s U.S. subsidiary, Endurance Reinsurance Corporation of America (Endurance Re), will acquire the...
XDimensional Technologies®, Inc. leverages the Internet to instantly link insurance agencies with collaboration partners
Sep 30 2004 // XDimensional Technologies Inc., the provider of Nexsure™, a hosted insurance agency management solution, announced today the introduction of Nexsure Instant Collaborator (NIC), a revolutionary means of accelerating and...
GNW-Evergreen Complete Phase One of Merger
Sep 30 2004 // Los Angeles-based GNW Insurance Services Inc. and Evergreen Insurance Services Inc. of Tarzana, Calif. two independently owned insurance brokerage firms, have announced completion of phase one of their merger. The newly...
HCC Acquires RA&MCO Insurance
Sep 30 2004 // HCC Insurance Holdings Inc. announced that it has reached an agreement to acquire RA&MCO Insurance Services Inc. for an undisclosed consideration consisting of cash and HCC shares. The transaction is expected to close...
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...
