Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown Announces Asset Acquisition Of Calif.-based MFC&V Ins Services
Nov 14 2002 // Kenneth D. Kirk, regional executive vice president of Brown & Brown Inc.; Robert Montgomery, CEO, and Susan Rodriguez, president of MFC&V Insurance Services Inc., with offices in Santa Barbara, Lompoc and...
Brown & Brown Completes Asset Acquisition of Cal-Surance Associates
Nov 13 2002 // Brown & Brown Inc. and Chartered Financial Services Corporation, the holding company for Cal-Surance Associates Inc., United Network of Insurance Services Inc., Sterling Reinsurance Intermediaries Inc., and Lancer...
HCC To Acquire St. Paul’s Spanish Operations
Nov 13 2002 // Houston-based HCC Insurance Holdings, Inc. announced that it has reached an agreement to acquire St. Paul España, Compañia de Seguros, S.A., The Spanish P/C operations of the St. Paul Companies, headquartered in...
HCC to Acquire St. Paul Espana
Nov 12 2002 // HCC Insurance Holdings Inc., based in Houston, announced the company has reached an agreement to acquire St. Paul Espana, Compania de Seguros, S.A., a property and casualty insurance company headquartered in Madrid, Spain,...
Summit Global Partners Adds Sr. VP in Boca Raton Office
Nov 12 2002 // International risk and insurance brokerage, and benefits consulting firm Summit Global Partners announced that J. John Simione has joined the Boca Raton, Fla. office as senior vice president. Simione specializes in...
AIG Fund Buys 25% of Indian Coffee Co.
Nov 8 2002 // AIG may not qualify as an international conglomerate quite yet, but if it continues the way it’s going some day it just might. A report from Bangalore, India notes that a $750 million private equity fund run by AIG...
BB&T to Acquire Savannah Agency
Nov 7 2002 // BB&T Insurance Services, based in Raleigh, N.C., announced plans to expand its Georgia operation with the acquisition of Cranman & Company Inc. of Savannah. BB&T would combine Cranman & Company with its...
Hallmark Makes Acquisitions
Nov 5 2002 // Hallmark Financial Services Inc. (Hallmark), a Dallas-based firm that primarily engages in the marketing and financing of non-standard automobile insurance in the Texas, announced it purchased from LaSalle Bank a...
PartnerRe Weathers the Storm: Cuts Q3 Losses, Premiums Up 45%
Nov 4 2002 // Despite loss estimates of around $120 million from this summer’s floods in Germany and Eastern Europe, Bermuda’s PartnerRe had a relatively good third quarter, narrowing its net loss for the three months to...
GAB Robins Names New Managing Director for Capital Partners Division
Nov 4 2002 // GAB Robins North America, Inc. named Dianne Parker, senior vice president and managing director of GAB Robins Capital Partners. GAB Robins Capital Partners is a division that designs runoff solutions, provides outsourcing...
Court Ruling Challenges SAI-La Fondiaria Merger
Nov 1 2002 // An Italian court has dealt another blow to the ongoing merger plans between SAI and La Fondiaria, aimed at forming the country’s third largest insurance group. This week’s ruling overturns a finding by Consob,...
Republic Indemnity Co., StrataCare Partner for Paperless Workers’ Comp Bill Review
Oct 31 2002 // Republic Indemnity Co. of America (RICA) announced the implementation of a paperless workers’ compensation claims and bill review system. Republic’s system was developed over the last year in partnership with...
PMA Partners with PMSI for Workers’ Comp Pharmacy Benefits
Oct 31 2002 // The PMA Insurance Group, a Blue Bell, Pa.-based property/casualty insurer specializing in workers’ compensation, announced an alliance with PMSI®, a unit of AmeriSource Bergen, to provide online pharmacy benefits...
Brown & Brown Inc. Announces Calif. Asset Acquisition
Oct 24 2002 // Brown & Brown Inc. signed a definitive agreement to acquire the assets of four companies with combined revenue of about $27 million, in a deal expected to add to earnings and cash flow per share. In a press release,...
Hartville Group Acquires Pet Insurance Policies Previously Underwritten by AIG
Oct 23 2002 // Ohio’s Hartville Group, Inc. announced that its pet insurance marketing subsidiary and provider of the Company’s Petshealth Care Plans has entered into an agreement to acquire Pet Insurance policies formerly...
AgentSecure Acquires Exclusive Endorsement of Two-Thirds of State IIABA Affiliates for Small Commercial Program
Oct 23 2002 // AgentSecure, a division of InsureZone that provides agents with online access to big-brand property/casualty and life products through a single-entry, multiple-company interface (SEMCI), has received exclusive endorsements...
AIG, K&K Insurance Group Form Partnership
Oct 23 2002 // AIG and K&K Insurance Group have formed a partnership to write sports, leisure and entertainment business nationwide. The $100 million program business is written through both admitted and non-admitted...
Horizon Sells Commercial Insurance Lines To GIS
Oct 22 2002 // Indiana’s Horizon Insurance Services, Inc. (HIS), a subsidiary of Horizon Bancorp, announced that it has sold its commercial and group insurance lines to General Insurance Service (GIS) effective Nov. 1, 2002. The...
Brown & Brown Acquires C. Douglas Wilson Co.
Oct 21 2002 // Florida’s Brown & Brown Inc. and C. Douglas Wilson Company Inc. announced Brown & Brown’s asset acquisition of C. Douglas Wilson Company, Life & Health Consultants Inc., and Burnett-Bates Agency...
Ray Named Partner at Swantner & Gordon
Oct 21 2002 // Swantner & Gordon Insurance Agency LLP announced that Dudley C. Ray was named partner of the Texas-based company. Swantner and Gordon managing partner, Randal M. Lee said Ray has been the production manager for...
