Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
DriverShield to Acquire Presidion Solutions Inc.
Jan 23 2003 // Florida-based DriverShield Corp. reported that it has signed a non-binding Memorandum of Understanding to acquire Presidion Solutions Inc., a Professional Employer Organization (PEO) headquartered in Troy,...
A.M. Best Affirms A+ (Superior) Rating of PartnerRe Group
Jan 23 2003 // A.M. Best Co. has affirmed the group financial strength rating of A+ (Superior) of Bermuda-based PartnerRe Group and its core subsidiaries, Partner Reinsurance Company Ltd. (Bermuda), Partner Reinsurance Company of the...
Zurich North America Small Business Forms Partnership with Foremost Co.
Jan 22 2003 // As part of its strategy to provide independent agents with easy access to high-quality products and services through the internet, Zurich North America Small Business announced the formation of a cross-selling alliance...
Brown & Brown Sub Acquires Florida Intracoastal Underwriters
Jan 20 2003 // Madoline Corporation, a subsidiary of Brown & Brown Inc. announced it has acquired the remaining 25 percent interest in Florida Intracoastal Underwriters, Limited Company (FIU), held by Trenwick America Reinsurance...
MI-Assistant Acquires Applied Systems Rating Division
Jan 20 2003 // Illinois-based Applied Systems, Inc., an automation solutions provider for the property and casualty insurance industry, has reached an agreement to sell its Rating Division to MI-Assistant. “Economies of scale and...
Leucadia National Offers to Acquire Allcity Insurance Company Common Stock
Jan 16 2003 // New York’s Allcity Insurance Company announced that it has received a proposal from its indirect parent company, Leucadia National Corporation, the beneficial owner of approximately 91 percent of Allcity’s...
The Hartford Acquires Renewal Rights to Kemper’s Alternative Risk Programs
Jan 16 2003 // The Hartford Financial Services Group has purchased renewal rights to a significant portion of the Kemper Insurance Companies group captives business. “The Kemper captives are similar to The Hartford’s existing...
PartnerRe Appoints Jean-Marie Nessi Head of Non-U.S. Global P/C Business Unit
Jan 15 2003 // Bermuda-based PartnerRe Ltd. announced that Mr. Jean-Marie Nessi has been appointed Head of the Property & Casualty business unit for PartnerRe Global. He will report to Bruno Meyenhofer, CEO of PartnerRe...
BCBS of South Carolina Buys Benefits Administration Co.
Jan 14 2003 // As of January 2003, Thomas H. Cooper & Co., a corporate benefits administration firm. was sold to BlueCross BlueShield of South Carolina. Thomas H. Cooper & Co. will operate out of its Charleston office as an...
