Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Bankers Sells First Community, Flood Renewal Rights
Jan 10 2003 // Officials of St. Petersburg, Fla.-based Bankers Insurance Group announced the sale of selected assets to Fidelity National Financial and Fidelity National Insurance Services has been finalized. In the sale, Fidelity...
Webster Financial to Acquire Conn. P/C Agency
Jan 7 2003 // Webster Financial Corporation, a Waterbury, Conn.-based holding company for banking and insurance subsidiaries, announced the acquisition of The Mathog & Moniello Companies, an insurance agency in East Haven...
Brown & Brown Completes Acquisition of MFC&V Ins Services
Jan 6 2003 // Brown & Brown Inc. and MFC&V Insurance Services, with offices in Santa Barbara, Lompoc and Camarillo, Calif., announced the finalization of their previously announced acquisition transaction, providing for Brown...
HRH Finalizes Mergers with the Freberg Group of Companies
Jan 3 2003 // Hilb, Rogal and Hamilton Company has completed the previously announced mergers with the Freberg group of companies (Freberg). Freberg has seven offices in three states, Colorado, Wyoming and Texas, revenues in excess of...
N.C.’s First Bancorp Acquires Montgomery County Agency
Jan 3 2003 // First Bancorp, the North Carolina-based parent company of First Bank and First Bank Insurance Services Inc., announced it has acquired Uwharrie Insurance Group Inc., a property and casualty insurance agency located in...
Report Prudential Unlikely To Buy Hyundai Securities
Jan 3 2003 // According to a report from Dow Jones Newswires, Prudential Financial’s negotiations to buy controlling stakes in Hyundai Group’s financial affiliates, Hyundai Investment Trust & Securities Co., Hyundai...
Cobalt Corporation Acquires CMS, Inc.
Jan 3 2003 // Cobalt Corporation announced that it has acquired Claim Management Services, Inc. (CMS), a third party administrator for self-funded employee benefit plans, based in Green Bay, Wis. from West Bend Mutual Insurance...
HCC Completes Acquisition of St. Paul Espana
Jan 2 2003 // Houston’s HCC Insurance Holdings, Inc. announced that it has completed the acquisition of the St. Paul’s Spanish operations, St. Paul Espana, Compania de Seguros, S.A., headquartered in Madrid. The acquired...
Hub Completes Acquisition of Fifth Third Insurance Services
Jan 2 2003 // Hub International Limited announced that it has completed the purchase of Indiana- based insurance broker, Fifth Third Insurance Services, Inc. The Chicago-based broker may have set some kind of record as well. It only...
Harleysville Mutual Finalizes Acquisition of Penn Mutual
Jan 2 2003 // Harleysville Mutual Insurance Company has completed the in-market acquisition of Penn Mutual Insurance Company’s operations. Harleysville Mutual owns 56 percent of Harleysville Group Inc., a publicly traded holding...
SAI-Fondiaria Merger Completed; Premafin to Sell Shares
Dec 31 2002 // The long delayed merger between Italian insurers SAI and La Fondiaria was officially completed over the weekend, except for a few “details.” Last week’s ruling by Consob, the Italian stock market...
HCC Closes Acquisition of Dickson Manchester
Dec 27 2002 // Stephen L. Way, Chairman and CEO of Houston’s HCC Insurance Holdings, announced that the Company had closed their recently announced acquisition of London-based Lloyd’s broker Dickson Manchester & Company...
HSBC to Buy Singapore Insurer
Dec 26 2002 // London-based Hong Kong & Shanghai Bank Holdings Plc (HSBC) has agreed to acquire Singapore-based Keppel Insurance for around $86 million in cash. The group is currently owned by the Belgian-Dutch Fortis Group and...
Sun Bancorp to Acquire Mid-Penn Insurance Associates
Dec 26 2002 // Sun Bancorp Inc., a bank holding company headquartered in Selinsgrove, Penn., announced plans to acquire Mid-Penn Insurance Associates Inc., an independent insurance agency located in Sunbury, Penn. Mid-Penn Insurance...
Community Banks to Acquire Shultz Insurance Agency
Dec 24 2002 // Community Banks Inc. of Harrisburg, Pa. announced an agreement to acquire Shultz Insurance Agency Inc., based in Hanover. Subject to regulatory approvals, the transaction is expected to close in the first quarter of...
Florida’s Brown & Brown Acquires Oklahoma Agency
Dec 24 2002 // C. Roy Bridges, regional executive vice president of Florida-based Brown & Brown Inc. , and W. Brent LaGere, chairman and CEO of LaGere & Walkingstick Insurance Agency Inc., of Chandler, Okla., announced that...
Hilb, Rogal and Hamilton Announces Merger with Freberg Group
Dec 23 2002 // Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance intermediary, announced that it has signed definitive merger agreements with the Freberg group of companies (Freberg), expected to be effective...
SAI-La Fondiaria Merger Approved – On Condition
Dec 23 2002 // The long running saga of SAI’s takeover of la Fondiaria in an effort to create Italy’s second largest insurance group, may finally be heading for a conclusion, as two key regulatory agencies, the ISVAP, which...
Alliant Resources Acquires Calif.-based Austin, Cooper & Price
Dec 20 2002 // Alliant Resources Group Inc. (Alliant), an insurance brokerage and financial services distribution company, announced the acquisition of Calif.-based Austin, Cooper & Price Insurance Agency Inc. (ACP). ACP is a...
Willis Acquires Sports and Entertainment Brokerage
Dec 19 2002 // Global insurance broker, Willis Group Holdings, has acquired the assets of sports and entertainment insurance brokerage firm, Special Risk Advisors International LLC of Marietta, Ga. Terms of the transaction were not...
