Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The St. Paul Cos. Acquires Renewal Rights for Selected Lines of Kemper’s U.S. Commercial Business
May 12 2003 // The St. Paul Companies has purchased the right to seek renewal of certain existing commercial insurance business written by the Kemper Insurance Companies in the United States. Under the agreement, The St. Paul will obtain...
Old National Acquires Evansville Agency
May 7 2003 // Old National Bancorp announced that it has closed the deal to acquire the James L. Will Insurance Agency Inc. of Evansville, Ind.. Old National is headquartered in Evansville. James L. Will Insurance Agency, which focuses...
$171 Million Capital Gain for Swiss Re on PartnerRe Sale
May 7 2003 // Swiss Re will sell its remaining 8.3 million shares in Bermuda’s PartnerRe, around 16 percent of the company’s total shares, on the open market, pursuant to a registration statement with the Securities and...
Charter Partners USA Chooses INSTEC Software
May 6 2003 // Charter Partners USA, Inc. has selected INSTEC, commercial property and casualty software provider, to provide a 50-state rating and policy administration system. INSTEC’s planned solution includes multiple...
PartnerRe Reports $124.6 Million Q1 Net Income
May 6 2003 // Bermuda-based PartnerRe Ltd., reported excellent first quarter results with net income of $124.6 million, or $2.23 per share on a fully diluted basis, compared to net income for the first quarter of 2002 of $63.3 million...
American Wholesale Insurance Group Acquires Seaboard Underwriters Inc.
May 2 2003 // American Wholesale Insurance Group (www.amwins.com) has completed the acquisition of Seaboard Underwriters, Inc., a provider of insurance solutions for the transportation industry. Seaboard operates as a managing general...
Hilb, Rogal and Hamilton Acquires NJ’s Aaron Wolf Agency
May 2 2003 // Virginia-based Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance and risk management intermediary, announced that it has acquired the book of business of The Aaron Wolf Agency, Inc. of Vineland,...
Ins. Auto Auctions Acquires Utah’s Mountain States Salvage Pool
May 1 2003 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, announced the acquisition of Mountain States Salvage Pool located in Ogden, Utah. Situated just north of...
BancorpSouth to Acquire Louisiana Agency
May 1 2003 // BancorpSouth Inc. announced that it has reached an agreement in principle to acquire certain assets of WMS, L.L.C., of Baton Rouge, which operates under the name of Wright & Percy Insurance. Terms of the acquisition...
Swiss Re Asks PartnerRe to Register Shares for Sale
Apr 30 2003 // Bermuda’s PartnerRe Ltd. announced that it has received a notice of exercise of rights from Swiss Re under the terms of the Registration Rights Agreements between PartnerRe Ltd. and Swiss Re. PartnerRe said it...
PartnerRe Previews Q1 Results; to Redeem Preferred Shares
Apr 29 2003 // Bermuda-based PartnerRe Ltd. announced that it expects to report first quarter diluted net income per share between $2.20 and $2.24 and diluted operating earnings per share between $1.48 and $1.52. The estimates meet, or...
Everest Re Group Sells 4.48 Million Shares
Apr 24 2003 // Barbados-based Everest Re Group, Ltd. announced that it has sold 4,480,135 common shares through an underwriting placement with Goldman Sachs, who will re-offer the shares to investors. Everest Re recently reported strong...
Digital Expands Relationships With Broker Partners
Apr 22 2003 // Digital Insurance Inc., an Atlanta-headquartered firm that partners with traditional brokers to handle the day-to-day case management of small group clients, announced an expansion of its relationship with four broker...
Willis Group Sells DRIVE to MVRA
Apr 21 2003 // Willis Group Holdings announced the sale of the DRIVE business to MVRA Limited. DRIVE is a vehicle accident management service that comprises facilitating access to call centre assistance, roadside recovery, vehicle repair...
Loss Prevention Partnership Releases Mid-Program Report
Apr 17 2003 // The Loss Prevention Partnerships program (LPP), a demonstration project of the NeighborWorks® National Insurance Task Force (NITF), has reached its midway point with tangible results. The LPP’s goal is to educate...
Frost Insurance Buys Brokers Insurance Designs
Apr 17 2003 // Frost Insurance Agency (FIA), a subsidiary of Frost National Bank, announced the acquisition of Brokers Insurance Designs, an independent insurance agency based in Forth Worth specializing in group employee benefits plans....
Gulf Partners with Corpedia to Reduce D&O Risk of Loss
Apr 16 2003 // New York-based Gulf Insurance Group, a provider of directors and officers liability (D&O) and Phoenix-based Corpedia Corporation have come together to provide incentives to reduce the risk of loss through compliance...
Digital Insurance Forges Agreements with Assurex Global Partners
Apr 16 2003 // Atlanta-based Digital Insurance Inc. announced it has signed agreements with three Assurex Global-affiliated employee benefits brokerage firms to handle the day-to-day service and sales of a portion of their small group...
Willis Group Forms Joint Venture to Grow in India
Apr 15 2003 // Willis Group Holdings Ltd. has formed a joint venture with Bhaichand Amoluk Consultancy Services Pvt. Ltd. to provide insurance broking and risk management services in India. The joint venture, called Willis BA India...
Old National Bancorp to Acquire James L. Will Insurance Agency
Apr 11 2003 // Evansville, Ind.-based Old National Bancorp has entered into an agreement to acquire the James L. Will Insurance Agency Inc., a 45-year-old insurance agency also based in Evansville. Once the acquisition is complete, the...
