Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Xchanging Acquires RebusIS
Feb 11 2004 // Kinnect isn’t the only technology-based initiative making news around Lloyd’s (See previous article). Xchanging Ltd., its back office service provider and in independent company, is expanding its presence in...
PartnerRe Announces 5% Jan. Growth
Feb 11 2004 // Bermuda’s PartnerRe Ltd. continues to see increasing revenues. Following its good earnings report (See IJ Website Feb.10), the company announced that during the January 2004 renewal season it had bound Non-Life...
Lisa Colletto Named Partner in Pinnacle
Feb 11 2004 // Pinnacle Training & Consulting, headquartered in Simsbury, Conn., a leading provider of training, implementation services, and insurance education to the insurance industry, announced that Lisa Colletto has been named...
PartnerRe Reports $104.5 million Q4 Net; $467.7 Million Full Year
Feb 10 2004 // Bermuda-based PartnerRe Ltd. reported net income, which includes capital gains and losses on investments, of $104.5 million, or $1.84 per share on a fully diluted basis, for the quarter ended December 31, 2003. Net income...
Arthur J. Gallagher & Co. Acquires Louisiana Agencies
Feb 9 2004 // Illinois-based Arthur J. Gallagher & Co. announced it has acquired Roberts & Eastland LLC and Persac Insurance Agency of Baton Rouge, La., effective Jan. 31, 2004. Terms of the transactions were not...
Swiss Re to Acquire CNA’s Life Business for $690 Million
Feb 5 2004 // Swiss Re announced that it has reached an agreement to acquire Chicago-based CNA Financial’s individual life insurance business, as well as a life insurance servicing and administration facility in Nashville, Tenn.,...
XL in Partnership with City of Zurich to Provide Career Education Program
Feb 5 2004 // Bermuda’s XL Capital Ltd. announced that its global Property and Casualty insurance subsidiary, XL Insurance Switzerland (XLIS), is to fund a career education program developed and offered by the Careers Guidance...
BenefitMall Completes Acquisition of Colorado Group Services
Feb 3 2004 // BenefitMall, one of the nation’s leading broker services companies, announced that it has purchased the assets of Colorado Group Services (CGS), a full-service general agency that has served Colorado’s...
Kibble & Prentice Acquires BGI Inc.
Feb 2 2004 // As part of its strategy to grow through acquisitions and provide its customers with expanded services and market access, Seattle-based Kibble & Prentice has acquired BGI Inc., a player in the Northwest insurance...
Brown & Brown Acquires Doyle Consulting Group
Feb 2 2004 // Florida’s Brown & Brown, Inc announced the asset acquisition of Doyle Consulting Group, Inc. and Doyle Consulting Group of New Jersey, Inc. with offices in Philadelphia, Penna. and Woodbridge, N.J. by a Delaware...
BB&T Insurance Services Finalizes Acquisition of Ala. Firm
Feb 2 2004 // North Carolina-based BB&T Insurance Services has completed its acquisition of McGriff, Seibels & Williams Inc. of Birmingham, Ala., creating the sixth largest insurance broker in the nation. The transaction was...
ISO Acquires Quality Planning Corporation
Jan 30 2004 // Insurance Services Office Inc. (ISO) has acquired Quality Planning Corporation (QPC), a San Francisco-based provider of analytic methods for helping auto insurance companies achieve greater rating integrity. Terms were not...
Lloyd’s Partners with London Police
Jan 29 2004 // “East London Bobbies will be experiencing the world of brief cases and pin-striped suits as part of a new mentoring scheme,” said a bulletin from Lloyd’s. Senior police officers from Tower Hamlets will...
Texas Mutual, Argonaut Partner for Other States Coverage
Jan 28 2004 // Texas Mutual Insurance Company announced it is partnering with Argonaut Insurance to offer workers’ compensation coverage for Texas-based businesses that have operations in other states. The agreement will apply to...
Doug Flake Becomes Partner at Alexander Morford & Woo
Jan 26 2004 // Alexander Morford & Woo Inc. announced that Doug C. Flake has become a partner of the firm, joining Paul Nowak, who became a partner this past October. As the manager of the firm’s California branch, Flake has...
Members Approve Trade Association Merger; New Group Known as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as Property Casualty Insurers...
Members Approve Association Merger; New Group Opens Doors as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as the Property Casualty Insurers...
Members Approve Association Merger; New Group Opens Doors as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as the Property Casualty Insurers...
PartnerRe Reports Claims from its Exposure to Algerian Gas Plant Explosion to Range Between $27-30 Million
Jan 23 2004 // Bermuda-based PartnerRe Ltd. announced that claims relating to its net exposure to an explosion at Algeria’s largest LNG (liquefied natural gas) plant earlier this week are expected to approximate $27-30 million. The...
Willis Acquires Remaining Shares in Danish Sub
Jan 22 2004 // Global insurance broker Willis Group Holdings announced that it has acquired the remaining shares of Willis A/S in Denmark that it did not already own. The move is the second major acquisition Willis has made in the Nordic...
