Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Demotech Buys Title Insurance Publication
Apr 30 2004 // Columbus, Ohio-based financial and actuarial services firm Demotech Inc. announced that it has purchased the publishing and distribution rights to the 2004 and all future editions of CDS Performance of Title Insurance...
Alliant Acquires Gaddy Ward in Calif.
Apr 30 2004 // Alliant Resources Group, Inc., of Stamford, Conn., one of the largest U.S. insurance brokerage and financial services distribution companies, has acquired California-based Gaddy Ward & Company Insurance Brokers. Gaddy...
Assurex Global Gathers Partners in London to Celebrate 50 Year Anniversary
Apr 29 2004 // Assurex Global Partners from all corners of the globe have gathered in London, this week, April 27 – 30, for a gala celebration commemorating “50 years of independence and growth.” The worldwide grouping...
Acquisition of Oxford to Boost UnitedHealth’s Share of Region’s Fortune 500 Firms’ Business
Apr 28 2004 // With its planned acquisition of Oxford Health Plans Inc., UnitedHealth Group is turning its focus on boosting insurance enrollment to the more than 90 Fortune 500 companies in Connecticut, New York and New Jersey, company...
Manulife and John Hancock Complete Merger
Apr 28 2004 // Manulife Financial Corporation in Toronto and John Hancock Financial Services, Inc.,in Boston, along with its its Canadian subsidiary, The Maritime Life Assurance Company, today completed their merger after receiving all...
Trident, Millennium Form Partnership to Insure Utilities
Apr 28 2004 // Trident Insurance Services LLC, a wholly owned subsidiary of San Antonio-based Argonaut Group Inc., announced the creation of a property and casualty insurance program designed specifically for public water and sewer...
Canadian Firm to Acquire Marshall & Swift/Boeckh
Apr 27 2004 // MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) in British Columbia announced a major expansion of its information products business in the U.S. The company has entered into an agreement to acquire privately held...
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...
