Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Driver-Alliant Acquires Gaddy Ward
May 5 2004 // Operating out of a single location in Lodi, Calif., Gaddy Ward & Company Insurance Brokers announced the sale of their agency to Driver-Alliant Insurance Services Inc., a wholly-owned subsidiary of Connecticut-based...
Brown & Brown Acquires Powers Agency Assets
May 4 2004 // Daytona Beach, Fla.-based brokerage Brown & Brown Inc. announced the asset acquisition of Powers Agency Inc., based in Clarkston, Mich. The Powers Agency, with annualized revenues of about $1 million, is a general...
Acordia Buys Leading Dayton Agency
May 4 2004 // Chicago-based brokerage giant Acordia Inc. announced it has acquired Dayton, Ohio-based Baldwin & Whitney, one of the oldest and largest independent insurance agencies in the Midwest. The acquisition doubles the size...
Lawrence Named Chief Risk Officer at Charter Partners
May 4 2004 // Charter Partners USA Inc., a firm that serves an entrepreneurial community of 320 business owners with business services and products, has named Steven H. Lawrence to the newly created position of chief risk...
Gateway Insurance Services Acquires Whitehurst Insurance Agency
May 4 2004 // Gateway Financial Holdings Inc., the holding company for Gateway Bank & Trust Co., announced that its subsidiary, Gateway Insurance Services Inc., purchased Whitehurst Insurance Agency, Inc. effective May 1, 2004....
Swiss Re Completes Admin Re Acquisition of CNA’s Individual Life Insurance Business
May 3 2004 // Swiss Re announced that it has completed its previously announced Admin Re acquisition of CNA Financial Corp.’s individual life insurance business for approximately $700 million. “The in force business, which...
Hooper Holmes Buys Mid-America Agency Services
May 3 2004 // Hooper Holmes, Inc. (AMEX:HH) of Basking Ridge, N.J., has acquired privately held Mid-America Agency Services, Inc. (MAAS), which provides risk selection services to the insurance underwriting industry. In addition to...
BB&T Finalizes Acquisition of Capitol Premium Plan
May 3 2004 // North Carolina-based BB&T Corporation has completed its acquisition of insurance premium finance company Capitol Premium Plan Inc. of Charlotte, N.C. BB&T has combined the 43-year-old firm with Prime Rate Premium...
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...