Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
InsuranceNoodle Signs 3,500th Agency Partner
Feb 27 2003 // Chicago-based InsuranceNoodle has signed its 3,500th “NoodleNetwork” insurance agency partner to quote and bind small commercial insurance business online. The Chicago-based e-broker’s proprietary,...
Hilb, Rogal and Hamilton Acquires Boston Broker Sheppard Riley Coughlin
Feb 27 2003 // Boston’s Sheppard Riley Coughlin (SRC), one of the Northeast’s leading insurance brokerage firms, announced that it has been acquired by Hilb, Rogal and Hamilton Company (HRH), the world’s tenth largest...
AgentSecure Partners with BenefitMall
Feb 19 2003 // AgentSecure, a division of Fort Worth-based InsureZone, announced it is expanding its offerings through a virtual partnership with nearby Dallas-based BenefitMall. AgentSecure, which provides independent agents with online...
Brown & Brown Acquires Whilt, Fatch & Perry
Feb 18 2003 // Daytona Beach and Tampa, Fla.-based Brown & Brown Inc. announced the asset acquisition of J.C. Whilt & Company, Insurance Services Inc., Santa Barbara Calif., which does business as Whilt, Fatch & Perry...
AFG to Buy 30% of Infinity Stock
Feb 13 2003 // American Financial Group Inc. has priced the common stock offering of nearly 12.4 million shares of Infinity Property and Casualty Corp. at $16 per share. In addition, the Cincinnati, Ohio-based property/casualty insurer...
Gallagher Acquires Kentucky and Seattle Agencies
Feb 11 2003 // Arthur J. Gallagher & Co. has acquired W. E. Kingsley Co. Inc. of Lexington, Ky., and McRory & Co. and Harman & McRory Co., both of Seattle, Wash. The Itasca, Ill.-based brokerage did not disclose terms of...
First Financial Bancorp to Buy Indiana Agency
Feb 11 2003 // First Financial Bancorp has signed a definitive agreement for the cash purchase of a Connersville, Ind., insurance agency. The Feb. 7 agreement indicates that the agency would operate as a full-service office of Flagstone...
PartnerRe Reports Strong Gains in Q4, Full Year Earnings
Feb 11 2003 // Bermuda’s PartnerRe Ltd. joined Converium in reporting excellent fourth quarter and full year results. It posted operating earnings, which exclude net realized investment gains or losses and are calculated after...
Mediobanca Sells Part of its Stake in La Fondiaria-SAI
Feb 10 2003 // Mediobanca SpA, the influential Italian investment bank confirmed that it has sold 11.5 million shares, or 6.7%, of the recently merged insurance group La Fondiaria-SAI in equal blocks to five banks for 10.25 Euros...
PartnerRe Keeps ‘A+’ Rating
Feb 10 2003 // A.M. Best Co. affirmed the “A+” (Superior) group financial strength rating of Bermuda-based PartnerRe Group and its core subsidiaries, Partner Reinsurance Company Ltd. (Bermuda), Partner Reinsurance Company of...
PartnerRe Keeps ‘A+’ Rating
Feb 10 2003 // A.M. Best Co. affirmed the “A+” (Superior) group financial strength rating of Bermuda-based PartnerRe Group and its core subsidiaries, Partner Reinsurance Company Ltd. (Bermuda), Partner Reinsurance Company of...
Conning Capital Partners Invests in NYMAGIC.
Feb 4 2003 // NYMAGIC, INC. an insurance holding company, whose subsidiaries specialize in ocean marine, inland marine and certain types of non-marine specialty insurance, announced that Conning Capital Partners VI, LP, an affiliate of...
MarshBerry, Afni Insurance Services Partner to Offer CSR24 to MarshBerry Customers
Jan 31 2003 // Afni Insurance Services, a provider of customer care solutions for the industry, has formed a Sponsor Partnership with MarshBerry, a provider of management consulting services for the financial services...
AXIS to Acquire Renewal Rights to Kemper’s D&O Business
Jan 31 2003 // Bermuda-based AXIS Capital Holdings Limited and the Kemper Insurance Group announced that AXIS’ U.S. subsidiary has agreed to acquire the renewal rights to the D&O and related product lines written by...
CNA Sells Renewal Rights for Marine ‘Blue Water’ to Arch
Jan 30 2003 // Chicago-based CNA Financial Corporation announced the sale of the renewal rights of its book of hull and liability insurance business for ocean-going vessels in both London and the United States to the Arch Insurance...
Hallmark Completes Acquisition of Phoenix Indemnity
Jan 30 2003 // Hallmark Financial Services Inc., located in Dallas, completed its previously announced acquisition of Phoenix Indemnity Insurance Company, an Arizona-based non-standard automobile insurance company, from Millers American...
Brown & Brown Buys Texas Agency
Jan 29 2003 // Brown & Brown Inc. of Daytona Beach and Tampa, Fla. acquired San Antonio, Texas-based Coleman Company Insurance Services L.P. in a transaction effective Jan. 1, 2003. In a joint announcement, the companies described...
Assurex Global Adds Four New Broker Partners
Jan 29 2003 // Assurex Global, the owner operated risk management and commercial insurance brokerage group, announced further expansion, as it accepted Ecuaprimas Cia. Ltda. of Guayaquil, Ecuador – Risk Solutions Limited of...
Response Insurance Group to Acquire Great American Auto Units
Jan 28 2003 // The Connecticut-based Response Insurance Group of Companies, a direct writer of auto coverage, announced that it has signed a stock purchase agreement to acquire Cincinnati-based Worldwide Insurance Company and Worldwide...
Webster Bank Acquires Insurance Premium Financing Company
Jan 27 2003 // Connecticut’s Webster Bank, a wholly owned subsidiary of Webster Financial Corporation, announced the acquisition of Budget Installment Corp., an insurance premium financing company based in Rockville Centre, New...
