Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AXA Closes MONY Acquisition; Best Notes ‘A+’ Rating
Jul 9 2004 // AXA Financial, Inc., announced that, “following the receipt of all required regulatory approvals and the satisfaction of all conditions in its merger agreement,” it has completed its acquisition of The MONY...
QualSure Obtains Approval from Fla. OIR to Acquire Sunshine State Insurance Co.
Jul 8 2004 // John Lombardo, chairman of the Board of Directors of QualSure Holding Corp., the parent Company of QualSure Insurance Corp. and QualSure Underwriting Agencies Inc., announced that a firm agreement has been reached by...
All Risks Notes Ga. Acquisition
Jul 8 2004 // All Risks Ltd., a national independent wholesale broker/ Managing General Agent headquartered in Baltimore, recently announced the acquisition of Overstreet and Newell in Atlanta. All Risks Ltd. was founded in 1964 and...
National Penn Bank Acquires Pennsurance
Jul 6 2004 // National Penn Bancshares, Inc. (Nasdaq: NPBC) in Boyertown, Pa., parent company of National Penn Bank, has acquired Pennsurance, Inc. (“Pennsurance”), an insurance agency headquartered in Oley, Pa. Pennsurance...
Odyssey Re to Buy OPL’s Opus Re
Jul 6 2004 // Odyssey Re Holdings Corp. announced that it has entered into a stock purchase agreement with Overseas Partners Ltd. to acquire all of the capital stock of Overseas Partners US Reinsurance Company (Opus Re), a Delaware...
Mergers, Mergers On The Wall, Who Is The Prettiest Of Them All’
Jul 5 2004 // As mergers start to take off in insurance and financial sectors, the realignment of these newly-stirred corporate philosophies must be properly captured and correctly projected through their new corporate name personas....
Centrica Sells U.K.’s AA for $3.18 Billion
Jul 2 2004 // The British utility group Centrica has agreed to sell its Automobile Association (AA) unit to a group of private investors for £1.75 billion ($3.18 billion). The AA, which is roughly equivalent to the AAA in the U.S., has...
Swiss Re to Acquire Life Assurance Holding Corp.
Jul 2 2004 // In a move designed to increase its presence in the U.K.’s life and pension market, Swiss Re announced that it will acquire the shares of Life Assurance Holding Corporation Limited (LAHC), including its life insurance...
Hub Closes Talbot Acquisition
Jul 2 2004 // Chicago-based brokerage giant Hub International Ltd. announced completion of its previously announced acquisition of Talbot Financial Corp., a $100 million revenue insurance brokerage based in Albuquerque, New Mexico. The...
Fla.’s Brown & Brown Acquires New England Agency
Jul 1 2004 // Brown & Brown, Inc., based in Daytona Beach, Fla., has acquired the assets of The Mc Duffee Insurance Agency, with offices with offices in Merrimack and Dover, N.H. and Peppercell, Mass. The McDuffee Insurance Agency,...
Hub International Acquires B. & D.A. Weisburger
Jul 1 2004 // Hub International Limited has announced that its New York-based wholesale insurance division, Program Brokerage Corporation (PBC), has acquired, for an undisclosed amount of cash and Hub stock, the assets of B. & D.A....
Berkshire Completes Exercise of Warrants to Acquire White Mountains Common Shares
Jul 1 2004 // Bermuda- based White Mountains Insurance Group, Ltd. announced that Berkshire Hathaway Inc. has completed its previously announced exercise of all of its warrants to purchase common shares of White Mountains. Following...
W. R. Berkley Forms New Specialty Company, Acquires Gulf Renewal Rights; Zeitman to Head Unit
Jul 1 2004 // W. R. Berkley Corporation has announced the formation of Berkley Specialty Underwriting Managers LLC, to offer specialty insurance products on behalf of the company’s insurance subsidiaries. Berkley also announced...
Pa.’s Commercial National Sells Insurance Agency
Jul 1 2004 // Commercial National Financial Corporation (Nasdaq: CNAF) in Latrobe, Pa., has successfully completed its previously announced sale of the insurance agency assets relating to the Gooder Agency, Inc. The board of...
First Midwest Partners With Bill Markve and Associates
Jul 1 2004 // Storm Lake, Iowa-based First Midwest Financial Inc. announced a new arrangement with Bill Markve and Associates (BM&A) to provide non-insured investment services and full-line insurance services through First Services...
Fitch Affirms PartnerRe Debt and Insurance Ratings
Jun 30 2004 // Fitch Ratings announced that it has affirmed the ‘AA’ insurer financial strength rating of Bermuda’s Partner Reinsurance Company and the ‘A+’ long-term issuer rating of Partner Reinsurance...
JMB Insurance Acquires Schlesinger Associates
Jun 29 2004 // Chicago-based brokerage JMB Insurance has acquired Schlesinger Associates Inc., an employee benefits brokerage also based in Chicago. JMB’s expanded employee benefit and financial security services practice will be...
St. Paul Sells 6 Million Shares in Platinum
Jun 28 2004 // Bermuda-based Platinum Underwriters Holdings, Ltd. announced the sale of 6,000,000 of its common shares by St. Paul Fire and Marine Insurance Company, a wholly owned subsidiary of The St. Paul Travelers Companies, Inc. The...
Higginbotham & Associates Acquires B. Barfield Group
Jun 28 2004 // North Texas-based independent insurance and financial services brokerage firm, Higginbotham & Associates, announced it has acquired B. Barfield Group, based in McKinney. The merger brings to Higginbotham employee...
Woronoco Bank to Buy Colton Agency in Mass.
Jun 25 2004 // Woronoco Bancorp, Inc., the holding company for Woronoco Savings Bank, has signed an agreement to acquire The Colton Agency, Inc., an insurance agency located in Westfield, Mass. The bank plans to merge the agency with its...
