Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
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...
