Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
RewardsPlus Forms Marketing Partnership with Riggs, Counselman, Michaels and Downes
Nov 13 2003 // RewardsPlus, a provider of benefits management technology, has entered into a joint marketing partnership with Riggs, Counselman, Michaels and Downes (RCM&D), a broker of insurance, risk management and employee...
Axa Looking for More European Acquisitions
Nov 12 2003 // French insurer Axa is seeking further acquisitions on the European continent, but according to a statement by CEO Henri de Castries it is not looking to purchase Italy’s Generali, Reuters has reported. “That is...
BISYS Acquires Fla.-Based USA Group
Nov 11 2003 // BISYS, a provider of business process outsourcing solutions for the financial services sector, announced its acquisition of Florida-based USA Insurance Group, a managing general agency (MGA) serving the commercial property...
Fiserv Acquires MI-Assistant Software
Nov 5 2003 // Brookfield, Wis.-based insurance software-maker Fiserv Inc. has acquired MI-Assistant Software Inc. — a rating and automation product provider to insurance agents and companies in the Midwest — as part of its plan to...
CompManagement Inc. Announces Calif. Acquisition
Nov 5 2003 // CompManagement Inc. (CMI) announced the acquisition of Octagon Risk Services Inc. (Octagon) on Oct. 3, 2003. CMI now enters the western United States by acquiring the strongest regional claims management firm in...
Elektra Buys Cigna’s Mexican Business
Nov 3 2003 // Mexico’s Grupo Elektra S.A. de C.V., one of the country’s biggest retailers, announced that it has received approval from the Ministry of Finance to purchase “a private insurance company in Mexico that...
Allcity Announces Approval of Plan for Leucadia Acquisition
Nov 3 2003 // Allcity Insurance Company announced that the New York Insurance Department has approved the minority share acquisition plan adopted by Leucadia National Corporation, as part of its acquisition of the...
Donegal Group to Acquire Peninsula from Folksamerica
Oct 31 2003 // The Pennsylvania-based Donegal Group, Inc. announced that it has agreed to acquire all of the outstanding capital stock of the Peninsula Insurance Group from Folksamerica Reinsurance Company. “The acquisition is...
PartnerRe Appoints Vito H. Baumgartner to Board of Directors
Oct 30 2003 // Bermuda’s PartnerRe Ltd. announced that Vito H. Baumgartner has been appointed to its Board of Directors, effective November 1, 2003. The announcement noted that “Mr. Baumgartner, 63, is a Group President and...
Acordia Acquires Cleveland Agency
Oct 29 2003 // Chicago-based Acordia Inc., the world’s sixth largest insurance brokerage and a subsidiary of Wells Fargo & Co., has acquired the assets and business of Malenas Insurance Agency, headquartered in Cleveland,...
Odyssey Re Holdings Corp. Notes Acquisition of Surplus Lines Shell
Oct 29 2003 // Odyssey Re Holdings Corp. announced that its subsidiary, Odyssey America Reinsurance Corporation, had closed on its purchase of the shell company, General Security Indemnity Company, from SCOR Reinsurance Company. The...
Gallagher Acquires HRadvantage
Oct 27 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced the acquisition of HRadvantage LLC of Waukegan, Ill. Terms of the transaction were not disclosed. Founded in 1994, HRadvantage LLC is a human...
AMS Group Acquires Rackley Systems
Oct 27 2003 // The Connecticut-based AMS Group announced that it has acquired Rackley Systems, Inc., a leading provider of Commercial Lines and Personal Lines rating products and services to the independent agent, insurance carrier and...
Willis Acquires Ital Re
Oct 27 2003 // Willis Group Holdings, the world’s third largest insurance broker, announced that it has agreed to acquire Ital Re SpA, a major Italian reinsurance broker. The bulletin described Ital Re as “a leader in...
Proformance to Acquire Sentry’s N.J. Auto and Homeowners
Oct 21 2003 // New Jersey’s Proformance Insurance Company announced that it has agreed to acquire the New Jersey auto and homeowners insurance business of Sentry Insurance, a Mutual Company of Stevens Point, Wisconsin. Proformance...
Fireman’s Fund Named Partner of Big ‘I’ Markets
Oct 16 2003 // Fireman’s Fund Insurance Company is the newest partner in the Big “I” Affluent Package Program that is accessible through Big “I” Markets, the online market-access program developed by the...
The Adam Corporation/Group Completes Acquisition of Reliable Reports, Inc.
Oct 16 2003 // The Adam Corporation/Group (“TAC”), a privately owned holding company, announced today it has completed the acquisition of all of the outstanding stock of Reliable Reports, Inc. (“Reliable”), an...
N.J.’s Borden Perlman Celebrates 7th Merger Year
Oct 14 2003 // New Jersey’s Borden Perlman agency recently celebrated the seventh anniversary of their successful merger, completed in 1996. The firm has offices in Lawrenceville and Trenton specializing in a broad range of P/C...
S&P Comments on AMP De-merger; Sees No Rating Change
Oct 10 2003 // Standard & Poor’s Ratings Services noted that regulatory authorities have agreed in principle to AMP’s proposed capital structure for its Australian and U.K.-based entities to be created under a de-merger...
AIG to Buy 9.9% Stake in Chinese P/C Insurer
Oct 10 2003 // American International Group plans to further expand its already extensive activities in China by Buying a 9.9 percent stake in PICC Property & Casualty Co., the country’s largest general insurer with a 70...
