Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Sir Robert Horton Retires from PartnerRe’s Board of Directors
Mar 19 2003 // Bermuda-based PartnerRe Ltd. announced that Sir Robert Horton has chosen to retire from its Board of Directors, effective February 25, 2003, “as a result of the increased responsibility in his current capacity as...
Compass Bancshares Acquires Texas Agency
Mar 18 2003 // Birmingham, Ala.-based Compass Bancshares Inc. recently expanded its agency base with the acquisition of Maxson-Mahoney-Turner Inc. of Dallas, Texas. According to Compass, Maxson-Mahoney-Turner, established in 1915, has...
Sky Sells $50 Million in Notes
Mar 18 2003 // Sky Financial Group Inc., the Bowling Green, Ohio-based corporate parent of Sky Insurance, has announced that it has sold $50 million in subordinated notes. The notes were issued and sold in a private offering pursuant to...
Arthur J. Gallagher & Co. Acquires Calif. Agency
Mar 14 2003 // Arthur J. Gallagher & Co. announced the acquisition of Benefits Planning & Insurance Agency, Inc. of Larkspur, Calif. Founded in 1978, Benefits Planning & Insurance Agency (“BPI”) is one of the...
Monte Dei Paschi Acquires 3.1% Stake in Generali
Mar 14 2003 // Monte Dei Paschi, Italy’s fifth largest bank, has acquired a 3.1 percent stake in Assicurazioni Generali, the country’s largest insurer, for an estimated 798 million Euros ($877 million), based on the...
Summit Global Partners Launches New Marine Practice
Mar 13 2003 // International insurance brokerage and consulting company Summit Global Partners has formed a new group specializing in complex marine risks. The Marine Practice Group, which will be located in San Francisco, will service...
Compass Bancshares Expands Ins. Holdings, Acquires Mueller & Assoc.
Mar 13 2003 // Compass Bancshares Inc., headquartered in Birmingham, Ala., announced it has acquired Mueller & Associates Inc., of Tucson, Ariz., a full-line general insurance brokerage firm. Mueller & Associates has revenues...
Allianz, Partners Close Terror Insurer for Lack of Business
Mar 13 2003 // “I was misinformed.” That line from “Casablanca” was apparently echoed last week with the announcement that Allianz and its five partners had decided to shut down their Luxembourg-based terrorist...
Segal Sells Near North Brokerage; New Accusations Loom
Mar 10 2003 // February brought good news and bad news in the saga of Chicago-based Near North National Group owner Michael Segal. The good news: He found a buyer for his brokerage operations. The bad news: Federal prosecutors filed...
Cordia Sells Remaining Insurance Subs. to Management Group
Mar 6 2003 // Cordia Corp., an Orlando, Fla.-based provider of telecommunication and tech-enabled outsourced services, announced it has sold its remaining insurance-related operating subsidiaries, for the purchase price of $750,000 in...
Brown & Brown Acquires Acumen Re Management Corp.
Mar 3 2003 // Florida’s Brown & Brown Inc. announced its acquisition of Acumen Re Management Corporation, of Mount Laurel, N.J., in a transaction effective March 1. Acumen Re Management Corporation, with annual revenues of...
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...
