Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AXA, FINAXA Say Merger on the Horizon
Apr 19 2005 // The Supervisory Board of AXA and the Board of Directors of FINAXA announced Tuesday that they had approved the study of the principle of a merger through an absorption of FINAXA by AXA and for this purpose, appointed...
METLIFE SELLS BUILDINGS:
Apr 18 2005 // MetLife Inc. agreed to sell its Manhattan building above Grand Central Station, formerly called the Pan Am building, for $1.72 billion, its second major real-estate deal in weeks. The sale to Tishman Speyer Properties LP...
EMERGENCY SERVICES ADVISES RESIDENTS TO BUY FLOOD INSURANCE
Apr 18 2005 // State flood maps are not entirely accurate according to the West Virginia Office of Emergency Services, therefore it has issued a warning to residents saying that they could live in a hazardous area without even knowing...
Best Downgrades, Withdraws Ratings for Commercial Risk Partners; Outlook Negative
Apr 15 2005 // A.M. Best Co. has downgraded the financial strength ratings to B- (Fair) from B (Fair) and the issuer credit ratings to “bb-” from “bb” of Commercial Risk Reinsurance Company Limited (Hamilton,...
Conn. AG to Oppose MetLife-Travelers Life Merger
Apr 14 2005 // Connecticut Attorney general Richard Blumenthal said he would oppose the acquisition of Hartford-based Travelers Life & Annuity by MetLife Inc. because he said it is bad for his state’s economy. “This...
The Parker Group Buys Gallagher Benefit Administrators
Apr 14 2005 // Lubbock, Texas-based The Parker Group, a health care and benefits management holding company, announced it has closed on the acquisition of Gallagher Benefit Administrators Inc., a national third-party employee benefits...
Conning Reports More Mergers and Acquisition Deals for 2004, but Dollar Values Decline
Apr 13 2005 // The total number of mergers and acquisitions (M&A) in the insurance industry increased in 2004, driven by the health/managed care and distribution sectors, according to a new study by Conning Research and Consulting...
PartnerRe Update on Accelerated Share Repurchase
Apr 12 2005 // Bermuda-based PartnerRe Ltd. has announced final settlement of the accelerated share repurchase announced by the Company in December 2004. “Deutsche Bank AG London Branch has completed its purchase of 2 million...
Advisen, Assurex Global Form Strategic Partnership
Apr 12 2005 // Advisen Ltd., a provider of analytics, benchmarking and market information to the commercial insurance industry, and Assurex Global, a privately held risk management and commercial insurance brokerage group, have announced...
FIRST Insurance Funding Names Walker Senior VP
Apr 12 2005 // Northbrook, Ill.-based premium financier and agency lender FIRST Insurance Funding Corp. announced the appointment of Kathryn Walker-Eich as senior vice president. Walker comes to FIRST with 20 years of experience in the...
Philadelphia Insurance Cos., CIGNA Partner on Coverages for P/C Customers
Apr 11 2005 // Philadelphia Insurance Companies and CIGNA have finalized a strategic alliance to offer property/casualty insurance to CIGNA’s Participant Accident customers and Participant Accident coverage to PHLY’s...
Argonaut Unit Partners with N. C. Restaurant Assoc.
Apr 10 2005 // Great Central Insurance Company, a member of San Antonio-based Argonaut Group Inc.’s Specialty Commercial segment, announced it has formed a strategic partnership with the North Carolina Restaurant Association to...
Great Central Notes Partnership with Weber Associates
Apr 8 2005 // Great Central Insurance Company, a member of Argonaut Group Inc., announced a strategic agreement with Irving Weber Associates Inc. of Long Island, New York, to be the exclusive nationwide distributor of its business...
Insurance and Bonds Inc. and Cadenhead Shreffler Insurance Announce Merger
Apr 6 2005 // Insurance and Bonds Inc. and Cadenhead Shreffler Insurance, two of Texas’ leading independent surety bonding and insurance agencies, recently announced that the companies have merged. The merger was finalized March 1...
Argonaut Group Acquires Renewal Rights of Fireman’s Fund Binding Authority Business
Apr 4 2005 // San Antonio-based Argonaut Group Inc., a national underwriter of specialty insurance products in niche areas of the property and casualty market, announced it has reached an agreement with Fireman’s Fund Insurance...
Hartville Backs Off Insurance Company Acquisition
Apr 4 2005 // North Canton, Ohio-based pet insurer Hartville Group Inc. announced that its board of directors has decided that pursuing the acquisition of the property/casualty insurance company was no longer in the best interest of...
Old National Bancorp Acquires JWF Insurance Cos.
Apr 4 2005 // Evansville, Ind.-based Old National Bancorp announced recently that it has entered into definitive agreements to acquire JWF Insurance Cos. Inc., which does business as the JW Flynn Co. and JWF Specialty Co. Inc., a...
CNA Sells Med-Mal TPA
Apr 4 2005 // Chicago-based commercial insurer CNA Financial Corp. announced it has completed the sale of Caronia Corp., a third-party claims administrator focused on medical professional liability, to Octagon Risk Services Inc., a...
MetLife Sells Second Manhattan Building to Fund Acquisition of Travelers Life
Apr 3 2005 // MetLife Inc. agreed to sell its Manhattan building above Grand Central Station, formerly called the Pan Am building, for $1.72 billion, its second major real-estate deal this week. The sale to Tishman Speyer Properties LP...
Oak Street Funding Lands $50 Million Credit Facility
Mar 29 2005 // Carmel, Ind.-based agency lender Oak Street Funding has closed a $50 million syndicated bank group credit facility, led by JP Morgan Chase Bank. Oak Street Funding is a national commercial finance company dedicated to...
