Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Liberty Mutual to Buy AGF’s Chilean Subsidiary
Aug 20 2004 // Boston-based Liberty Mutual Group will further expand its Latin American insurance business with the purchase of the insurance operations of AGF Allianz Chile S.A., a unit of France’s AGF, which is in turn a division...
Manufacturers Assoc. and State Fund Partner for Group Work Comp Insurance Savings
Aug 19 2004 // The California Manufacturers & Technology Association (CMTA) announced recently the formation of a partnership with the State Compensation Insurance Fund (SCIF), California’s largest work comp insurer, through...
Chinese Regulator Approves Willis Joint Venture
Aug 18 2004 // Global insurance broker Willis Group Holdings has received final approval and certification from the China Insurance Regulatory Commission (CIRC), for its joint venture operation, Willis Pudong Insurance Brokers Co., Ltd.,...
Consumers Financial Buys Syracuse, N.Y. Agency
Aug 16 2004 // Consumers Financial Corporation announced that it has signed a contract to purchase Fear & Fear, Inc., an insurance agency with 10 offices located in and around Syracuse, New York. The transaction is valued at $6...
All Risks Announces Acquisition of Dwyer & Assoc.
Aug 13 2004 // All Risks, LLC, a part of All Risks, Ltd., a national independent wholesale broker/ Managing General Agent headquartered in Baltimore, Maryland, announced the acquisition of Dwyer & Associates in Oakland, California...
Kroll Acquires U.K. Employee Screening Company
Aug 10 2004 // Kroll Inc., the global risk consulting company recently acquired by Marsh Inc., announced that Kroll Background Worldwide Limited (KBW), its London-based international background screening subsidiary, has acquired FPR...
Vista Insurance Partners Appoints Bishop as Senior Broker/Underwriter
Aug 10 2004 // Vista Insurance Partners, a San Antonio, Texas-based wholesale insurance broker, announced the appointment of Margie Bishop as senior broker/underwriter. Bishop will work with current and new Vista agents to develop new...
Frost Insurance Agency Acquires Sammons Group
Aug 4 2004 // Making its first foray into the Dallas market, San Antonio-based Frost Insurance Agency, a subsidiary of Frost National Bank, acquired the assets of The Sammons Group Inc., a full-service independent insurance agency, from...
N.J. Medical Society Files Suit to Block State-Approved Oxford Merger with UnitedHealthcare
Aug 3 2004 // The Medical Society of New Jersey has filed a lawsuit to block the merger of Oxford Health Plans (NJ), Inc. and UnitedHealthcare Inc., claiming it would create a health care monopoly that would not benefit consumers. The...
Brown & Brown Acquires Ark. Agency
Aug 3 2004 // Brown & Brown Inc. announced the acquisition of Arkansas-based Hardin & Wilson Inc., of Little Rock. Hardin & Wilson, with annualized revenues of approximately $1.2 million, is a full-service commercial...
Royal & SunAlliance Sells UK Life Operations
Jul 30 2004 // Royal & Sun Alliance announced it is selling sell its UK life insurance business to Resolution Group for $1.5 billion in a cash and stock deal. UK-based Royal & Sun Alliance said it will focus on its core general...
