Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown to Acquire Mich. Firm
Apr 26 2004 // Florida’s Brown & Brown Inc. reported that the company is acquiring Proctor Homer Warren Inc. d/b/a Proctor Financial Insurance, of Troy, Mich. Jim W. Henderson, president and chief operating officer of Brown...
Benfield Sells Wildnet Group to Private Investors
Apr 22 2004 // Benfield Group Limited, the world’s leading independent reinsurance intermediary, announced the sale of Wildnet Group Limited, a subsidiary providing technology solutions to the insurance and reinsurance industry, to...
Best Affirms PartnerRe ‘A+’ Rating & Debt Ratings
Apr 21 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the Bermuda-based PartnerRe Group and its affiliated companies. Best also said it has assigned debt ratings of...
Conning: Bigger Dollars, Fewer Insurance Industry M&As
Apr 21 2004 // Mergers and acquisitions in 2003 and 2004 in the insurance industry reached the highest level since 1998 in dollar terms, even while the total number of transactions continued its long decline since the same year,...
Keenan Announces Acquisition of Envoy Plan Services and Retirement Solutions Group
Apr 21 2004 // Keenan, the largest privately held brokerage firm in California, announced it has expanded its retirement services capabilities with the acquisition of Envoy Plan Services, a third-party administrator and compliance firm...
Manulife-John Hancock Merger Wins Mass. OK
Apr 14 2004 // Manulife Financial Corporation has received approval from the Massachusetts Division of Insurance (DOI) for its proposed merger with John Hancock Financial Services, Inc. The DOI is the principal U.S. regulator for John...
Smithtown, N.Y. Bank Buys E. Setauket Agency
Apr 14 2004 // Bank of Smithtown in New York has reached an agreement to purchase the Seigerman-Mulvey Co. insurance agency of East Setauket, N.Y. Seigerman-Mulvey Co. is a 30 year-old independent agency which places policies with more...
U.S.I. Holdings to Acquire Los Angeles-based Dodge, Warren & Peters
Apr 13 2004 // U.S.I. Holdings Corporation (“USI”) announced that it has completed due diligence and entered into a definitive agreement to acquire Los Angeles, Calif.-headquartered Dodge, Warren & Peters Insurance...
Partners Mutual Selects RIS for Policy Processing
Apr 12 2004 // Milwaukee-based Partners Mutual Insurance Co. announced that they have selected Results Inernational Systems to provide an end-to-end, Web-enabled policy processing system for its personal and commercial lines of...
Willis to Buy 50% of Leading Chinese Broker
Apr 9 2004 // Global brokerage Willis Group Holdings announced that it has received approval from the China Insurance Regulatory Commission to complete the purchase of a 50 percent equity stake in Shanghai Pudong Insurance Brokers Ltd.,...
Colorado Bill Would Require Drivers to Buy More Insurance Coverage
Apr 8 2004 // Drivers might have to buy more insurance coverage under a bill given initial approval by members of the House on April 6. Lawmakers backed a change in the law that would say coverage for uninsured or underinsured motorists...
USI Holdings Acquires Bertholon-Rowland
Apr 5 2004 // USI Holdings Corporation announced that it has acquired New York City-based Bertholon-Rowland Corp. (BR). Terms of the transaction were not disclosed The acquisition “creates the one of the largest offerings of...
Hull Acquires Mile High Markets
Apr 5 2004 // Hull & Company has acquired the business of Mile High Markets Inc. in Englewood, Colorado. Mile High provides rental car insurance in the United States. “The unique niche that Virgil Burnside and his team have...
N.H. Gov. Benson Buys Prescription Drugs from Canada
Apr 2 2004 // While researching the safety of prescription drugs, New Hampshire Gov. Craig Benson ordered brand-name medicines from a Canadian online pharmacy for about half the cost of buying the same drugs in New Hampshire, he...
Community First Acquires Colorado and Wyoming Insurance Agencies
Apr 2 2004 // Community First Bankshares Inc. has acquired Englewood, Colo.-based Shepherd Insurance Agency through its affiliate, Community First Insurance Inc. Community First also has acquired an insurance book of business from...
N.Y. Agents Name Harleysville Top Commercial Partner
Mar 26 2004 // Pennsylvania’s Harleysville Insurance has issued a bulletin noting that for the second time in three years, it has been named the “Top Partner in Commercial Lines” during Westchester County’s 38th...
MetLife Receives Approval for China Joint Venture
Mar 26 2004 // Chinese regulators have approved plans for a joint venture between U.S. life insurer MetLife Inc. and the owner of the Beijing International Airport, MetLife said Thursday. The U.S. company has a 50 percent stake in the...
BTE Technologies Acquires Controlling Interest in U.K.’s Hanoun Medical
Mar 25 2004 // BTE Technologies, Inc, a leading provider of technology-based physical and occupational therapy and rehabilitation solutions for the healthcare industry, announced that it has acquired a controlling interest in Hanoun...
Aon Acquires RiskLabs
Mar 24 2004 // Chicago-based brokerage giant Aon Corp. has purchased Risk Laboratories LLC from American Home Assurance Co. Founded in 1994 and based in Atlanta, Ga., RiskLabs provides risk information services and analytics to corporate...
Mass. Adds Its OK to St. Paul-Travelers Merger
Mar 23 2004 // The proposed Travelers-St. Paul merger has received another endorsement as the Massachusetts Division of Insurance has given its approval to the acquisition by St. Paul of Premier Insurance Co., the Massachusetts stock...
