Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
White Mountains Sells Block of Montpelier Shares
Mar 15 2004 // White Mountains Insurance Group, Ltd. And Prospector Partners, LLC’s on again off again sale of 4,785,540 common shares of Montpelier Re Holdings Ltd. (See IJ Website Mar.10 and 12) has been resolved by a block sale...
Feds See No Harm in Anthem-WellPoint Merger
Mar 11 2004 // The U.S. Justice Department has ruled that the proposed merger of health insurers WellPoint Health Networks Inc. and Anthem Inc. will not harm competition or consumers, leaving it up to state regulators whether the...
Broadspire Acquires TPA Assets
Mar 11 2004 // Lake Zurich, Ill.-based Broadspire Services Inc. has signed a definitive agreement to acquire the United States third-party administration assets of Cunningham Lindsey Claims Management Inc. and RSKCo Services Inc. from...
Alliant Resources Group Acquires Calif.-based Strategic HR Services
Mar 11 2004 // Alliant Resources Group Inc. (Alliant), an insurance brokerage and financial services distribution company, announced the acquisition of Calif.-based Strategic HR Services. Founded in 1995 by Lynda Lane, Strategic HR...
Midwest Insurance Law Firms Announce Merger
Mar 10 2004 // The Midwest law firm of Dykema Gossett PLLC has added Jones & Blouch LLP to its corporate finance practice group. Jones & Blouch has provided securities and corporate legal services to many of the country’s...
Gallagher Acquires Iowa Agency
Mar 10 2004 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced the acquisition of Don Laster Agency Inc. of Urbandale, Iowa. Terms of the transaction were not disclosed. In business since 1983, the Don Laster...
First Financial Buys Ind. Agency
Mar 10 2004 // Hamilton, Ohio-based First Financial Bancorp has purchased an insurance agency operation in Highland, Ind. The purchase arrangement was completed Feb. 1, 2004, and the agency is now operating as a full-service unit of...
Brown & Brown Acquires Two N.J. Agencies
Mar 8 2004 // Florida-based Brown & Brown, Inc. announced that it has acquired the assets of Statfeld Vantage Insurance Group and Waldor Agency, Inc. Both are located in Florham Park, New Jersey. Joint announcements were made by...
Ward-U.S. Risk Acquires Ward North America Subs
Mar 8 2004 // Ward-U.S. Risk LLC, a newly formed corporation, acquired Ward North America, Spectrum Managed Care and SubroNet from Ward North America Holding Inc. Jeffrey Ward, president and CEO of Ward-U.S. Risk LLC, announced the...
Quotesmith.com to Buy Term-Life Telemarketer
Mar 5 2004 // Darien, Ill.-based online brokerage Quotesmith.com announced that it has reached a definitive agreement to acquire the assets of privately held Life Quotes Inc., an Evergreen, Colo.-based life insurance agency which...
Conn. Approves Travelers-St. Paul Merger with Certain Conditions
Mar 4 2004 // With the condition that the combined firm keeps certain employment, tax and charitable commitments to her state, Connecticut Insurance Commissioner Susan Cogswell has approved the acquisition of Travelers Property Casualty...
Vista Insurance Partners Expands Select Agent Program
Mar 3 2004 // Vista Insurance Partners, a wholesale insurance broker headquartered in San Antonio, reported the expansion of its successful Select Agent Program to incorporate an additional 100 independent agents. Russell Shults was...
Sierra Military Health Services Agrees to Acquisition of Contracts, Leases by Health Net
Mar 3 2004 // Sierra Military Health Services Inc. (SMHS), a subsidiary of Sierra Health Services Inc., announced that it has entered into a binding commitment with Health Net Federal Services (Health Net) of Rancho Cordova, California,...
New Jersey Broker Acquired By American Wholesale Insurance Group
Mar 2 2004 // American Wholesale Insurance Group, a large independent wholesale insurance broker, has acquired New Jersey-based Property Risk Services, LLC. (PRS), a property wholesale brokerage group. “The addition of PRS...
WFG Capital Advisors Makes Industry Sourcebook on Mergers, Acquisitions Available
Feb 25 2004 // WFG Capital Advisors LP, an investment banking firm to the insurance industry, announced the release of its 2004 Financial Insights – Agency and Brokerage Merger & Acquisition Sourcebook. This publication...
The Devlin Group to Acquire Forethought Financial Services, Inc.
Feb 17 2004 // The New York-based Devlin Group, an investment firm organized by a group of prominent insurance industry executives, announced that FFS Holdings, Inc., an acquisition vehicle organized by it, has signed a definitive...
HCC Closes Its Acquisition of American Contractors Indemnity Company
Feb 16 2004 // Stephen L. Way, Chairman and Chief Executive Officer of HCC Insurance Holdings Inc., announced that the Company had closed its acquisition of American Contractors Indemnity Company (ACIC), headquartered in Los Angeles,...
Frontenac Acquires Calif. MGU
Feb 13 2004 // Chicago-based private equity investment firm Frontenac Co. LLC announced that it has acquired a majority interest in WNC Insurance Services, based in South Pasadena, Calif. WNC, a managing general underwriter (MGU), is a...
Gallagher Acquires R. P. O’Brien & Co.
Feb 13 2004 // National agent/broker Arthur J. Gallagher & Co. has acquired R. P. O’Brien & Co., Inc. of White Plains, New York. Terms of the transaction were not disclosed. Founded in 1988, R. P. O’Brien & Co....
N.C. SAFE KIDS Partners with Kiwanis Clubs for Child Passenger Safety Week
Feb 12 2004 // Nearly 40 SAFE KIDS coalitions and chapters throughout North Carolina with the support of Kiwanis Clubs are sponsoring a statewide Child Passenger Safety Seat Check Saturday, Feb. 14. The seat check, which will be held in...
