Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Employers Mutual to Buy More EMC Group Share to Hold 80% Ownership
Apr 10 2003 // EMC Insurance Group Inc.’s majority shareholder, Employers Mutual Casualty Company, Announces Stock Purchase Program to Maintain 80 Percent Ownership Threshold Employers Mutual Casualty Co. today announced that it...
Fiserv to Acquire Insurance Management Solutions
Apr 9 2003 // Brookfield, Wis.-based Fiserv Inc. and Insurance Management Solutions Group Inc. announced the signing of a definitive agreement whereby Fiserv will acquire Insurance Management Solutions Group Inc. (IMSG). Upon...
Zurich N.A. Sells Mountbatten Surety Co.
Apr 8 2003 // Zurich North America has completed the sale of its Mountbatten Surety Co. Inc. operation to Sealord, LLC, an investment group that includes members of Mountbatten’s senior management team. The sale will not affect...
Health Net Plus Partners with Qmedtrix to Offer New WC Solution
Apr 7 2003 // Health Net Plus, the workers’ compensation managed care services unit of Health Net Employer Services Inc., announced that it has partnered with Qmedtrix Systems Inc. to offer a new electronic solution called Q-Worx...
UnionBanCal Acquires Tanner Insurance Brokers
Apr 4 2003 // UnionBanCal Corporation announced that UBOC Insurance Inc., a unit of its Union Bank of California, N.A., subsidiary, has acquired Pleasanton, Calif.-based Tanner Insurance Brokers Inc., one of the largest full-service...
Mercator and IVANS Partner to Deliver Automated P/C Transaction
Apr 4 2003 // Mercator® Software Inc. and IVANS® Inc. announced an alliance to jointly market a new solution, Mercator InsideIVANSP&C(TM), that will speed the processing of business transactions within the property &...
BB&T Unit to Buy Kentucky Agencies
Apr 4 2003 // BB&T Insurance Services said it plans to acquire Kentucky agencies, Old Colony Insurance Service (Louisville) Inc. and Cromwell Insurance Agency of Lexington. Cromwell is jointly owned by Old Colony and Ludt-Bell...
InMarket Partners and Venture Programs Launch Joint Media Operation
Apr 4 2003 // Two PA companies, InMarket Partners LLC of Valley Forge, and Venture Programs, Inc., a newly created media unit of Venture Programs in West Chester, jointly announced the formation of a new insurance media buying...
Community First Acquires Colorado Insurance Agency
Apr 3 2003 // An affiliate of Fargo, N.D.-based Community First Bankshares Inc. has acquired the Carr Agency, an insurance agency in Thornton, Colo. The acquisition marks Community First’s 13th insurance agency acquisition in...
Hub International Buys Kentucky’s Wilson & McPherson
Apr 3 2003 // Hub International Limited announced that subsidiary Hub International Midwest (Hub Midwest) acquired for an undisclosed amount of cash, the stock of Wilson & McPherson Inc. (Wilson), an insurance agency based in...
Lindsey Morden Agrees to Acquire RSKCo Services
Apr 3 2003 // The Toronto-based–Lindsey Morden Group Inc. (LMG) announced that its wholly-owned subsidiary, Cunningham Lindsey U.S., Inc., has entered into a definitive agreement to acquire RSKCo Services, Inc. from Continental...
BB&T Completes SEFCO Acquisition
Apr 2 2003 // BB&T Corporation reported that it has completed the company’s acquisition of insurance premium finance company Southeast Fidelity Corporation (SEFCO) of Tallahassee, Fla. BB&T has combined the 5-year-old...
The Enstar Group Acquires Reinsurer
Apr 2 2003 // The Enstar Group Inc. of Montgomery, Ala., announced its partially owned equity affiliate, Castlewood Holdings Limited (Castlewood Holding”), and Shinsei Bank, Limited (Shinsei) have completed the acquisition of The...
InMarket Partners and Venture Programs Launch Joint Media Operation
Apr 1 2003 // InMarket Partners, LLC (InMarket) and Venture Programs, Inc. (Venture) jointly announced the formation of a new insurance media buying operation. InMarket’s in-house media planning and placement services will now...
S&P Sees Limited Impact from Tokio, Nichido Merger
Mar 31 2003 // Standard & Poor’s Ratings Services has issued a statement indicating that “the merger plan between Tokio Marine & Fire Insurance Co Ltd. (AA-/Negative/–) and Nichido Fire & Marine Insurance...
Wm. Rigg Co. Acquires Robert H. Leonhart Agency
Mar 31 2003 // Cecil Y. Ray Jr., chairman, The Rigg Group, and Charles Reynolds, executive vice president, Wm. Rigg Co., announced Wm. Rigg Co. has acquired the Robert H. Leonhart Insurance Agency Inc. Robert Leonhart has joined Wm. Rigg...
Brown & Brown Acquires Rogers and Associates Insurance
Mar 25 2003 // Brown & Brown Inc. announced it has agreed to the asset acquisition of Rogers and Associates Insurance Inc. of Palm Harbor, Fla., in a transaction effective April 1, 2003. Rogers and Associates Insurance, with...
Walter Kielholz to Retire from PartnerRe’s Board; Dividend Payment Set
Mar 24 2003 // Bermuda’s PartnerRe Ltd. announced that Walter Kielholz will not stand for re-election as a Director of PartnerRe Ltd., in order to devote more time to his new role as Chairman of Credit Suisse Group and his...
Brown & Brown Acquires MGAs
Mar 21 2003 // Brown & Brown Inc. of Daytona Beach and Tampa, Fla., announced it has acquired managing general agencies in Georgia and North Carolina in transactions effective March 1. Saville & Associates Inc. of Norcross,...
Brown & Brown Acquires Entertainment & Sports Insurance Experts
Mar 19 2003 // Florida’s Brown & Brown Inc. announced it acquired Entertainment & Sports Insurance Experts Inc., a commercial property and casualty insurance agency based in Atlanta, Ga. The transaction was consummated...