Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
HIP of N.Y. Acquires ConnectiCare
Jun 25 2004 // HIP Health Plan of New York (HIP) has acquired ConnectiCare Holding Company (ConnectiCare) in a transaction that unites the companies, The parties say thed eal allows for regional growth while retaining local...
Summit Global Partners Plans Fla. Acquisitions
Jun 25 2004 // Insurance brokerage and consulting firm Summit Global Partners of Florida Inc. announced the promotion of two key executives as part of its expansion plans in the State. Gary Morris has been named chief operating officer...
Willis to Acquire Irish Broker Coyle Hamilton
Jun 24 2004 // Willis Group Holdings, the global insurance broker, announced that it has reached agreement in principle to acquire a majority shareholding in Coyle Hamilton, the Republic of Ireland’s largest privately owned...
Canada’s RSGC Acquires 49% Stake in London Broker
Jun 23 2004 // The Toronto-based RS Group of Companies, Inc. (RSGC), formerly Rent Shield Corp., a provider of pass-through risk specialty insurance and reinsurance products, announced that it has completed the purchase of 49 percent of...
Aon’s Scarborough Partners with CNA to Offer P/C Coverage to Financial Institutions
Jun 23 2004 // scarborough, a subsidiary of Aon Corp., announced that it has established a “new business relationship with CNA, one of the nation’s leading business insurers, to offer property and casualty insurance to...
Banknorth to Buy Drake, Swan & Crocker in Mass.
Jun 21 2004 // Portland, Me.-based Banknorth Group has signed a letter of intent to acquire Drake, Swan & Crocker Insurance Agency, Inc. of Orleans, Mass. The company expects to finalize the acquisition by July 1. Drake, Swan &...
PA. SELLS RELIANCE PROPERTIES:
Jun 21 2004 // Three years after taking over Reliance Insurance Co., the Pennsylvania Insurance Department is attempting to raise cash by selling properties of the failed company. Reliance Insurance faces a $3 billion shortfall between...
S&P Conference Survey Predicts More Mergers; Confidence in Pres. Bush; Increased Price Competition
Jun 17 2004 // A Standard & Poor’s survey found that two-thirds of insurance executives and analysts believe the recent mergers of St. Pauls/ Travelers and John Hancock/ Manulife indicate heightened industry consolidation...
nuServe Partners with ACORD
Jun 17 2004 // nuServe, a privately-held risk-management tools provider, has joined ACORD, the insurance industry’s global standards association, announced nuServe CEO Kai Tamara Hare. nuServe’s risk management products are...
Acordia Inc. Acquires Speare & Company
Jun 14 2004 // Acordia Inc., America’s fifth largest insurance brokerage and a subsidiary of Wells Fargo & Company, acquired Speare & Company, one of the largest privately held insurance brokerages in the western United...
Wellington to Acquire AXA’s U.S. Specialty Lines
Jun 9 2004 // London-based Wellington Underwriting plc, a major Lloyd’s underwriter, has announced plans for expansion into U.S. Specialty business through the proposed acquisition of AXA Corporate Solutions Excess and Surplus...
Coface Acquires SCOR’s Stake in Unistrat Insurance; To Start Russian Rating Service
Jun 9 2004 // Coface, the French export finance insurer, announced that it has purchased the 50 percent interest of French reinsurer SCOR in Unistrat Insurance, making it the sole owner of the company, which will be renamed Unistrat...
PIA, GE AWS Marketing Partnership Pact for Agents
Jun 3 2004 // The National Association of Professional Insurance Agents announced a new marketing partnership, effective immediately, with GE Auto Warranty Services (GE AWS). The exclusive, long-term national agreement, will enable...
Hartville Signs Agreement to Acquire Insurance Company
Jun 1 2004 // North Canton, Ohio-based pet insurer Hartville Group Inc. announced that the company has finalized the definitive purchase agreement to acquire a property/casualty insurance company. The purchase of the insurance company...
Akzo’s Nobilas to Acquire Aon’s UK Auto Repair Unit
Jun 1 2004 // The Netherlands’ Akzo Nobel announced that its Nobilas Claims & Fleet solutions business has agreed to acquire the UK-based Aon Motor Accident Management company (AMAM), which it described as “the number...
Berkshire to Acquire 16% Stake in White Mountains
May 27 2004 // Berkshire Hathaway Inc., the investment holding company headed by Warren Buffett, has agreed to exercise all of its warrants to purchase common shares of Bermuda-based White Mountains Insurance Group Ltd., giving it a 16...
MJM Investigations Notes Partnership in Australia
May 25 2004 // North Carolina-based MJM Investigations, an international private investigation firm providing innovative investigative solutions to the insurance industry, announced a new strategic partnership with Milne and Associates,...
Insurance Center of New England Acquires DeMarey
May 21 2004 // The principals of Insurance Center of New England, Inc., West Springfield, Mass. has announced the merging of operations of the DeMarey Insurance Agency of Wilbraham with Insurance Center of New England, Inc. This...
Fallout from MMC’s Kroll Acquisition
May 20 2004 // Major acquisition announcements inevitably trigger a lot of fallout – very like the effect of throwing a large rock into a still pond. The ripples spread out over the pond’s surface. MMC’s announcement...
MONY Shareholders Approve $1.5 Billion AXA Merger
May 19 2004 // Shareholders of the MONY Group have voted to approve the sale to France’s AXA Group for $1.5 billion. Under the terms of the deal, AXA Financial, AXA’s U.S. financial services unit, will acquire 100 percent of...
