Latest Mergers & Acquisitions Headlines

All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.

UnionBanCal Corporation to Acquire John Burnham & Co.

Dec 19 2002 // UnionBanCal Corporation announced that its Union Bank of California, N.A., subsidiary has signed a definitive agreement to acquire San Diego-based John Burnham & Company, dba John Burnham Insurance Services, one of...

AXIS Specialty Completes Acquisition of R&SA Unit

Dec 18 2002 // AXIS Specialty Limited announced the completion of its purchase of Royal & SunAlliance Personal Insurance Company. The unit will be renamed AXIS Reinsurance Company, based in New York City. AXIS Reinsurance Company...

HCC to Acquire Dickson Manchester Ltd.

Dec 17 2002 // HCC Insurance Holdings Inc., based in Houston, plans to acquire Dickson Manchester & Company Limited (DM), a Lloyd’s broker headquartered in London, England. According to HCC, the transaction is expected to...

HCC to Acquire Lloyd’s Specialty Broker Dickson Manchester Ltd.

Dec 17 2002 // Stephen L. Way, Chairman and CEO of Houston-based HCC Insurance Holdings, Inc. announced that the Company had reached an agreement to acquire Lloyd’s broker Dickson Manchester & Company Limited (DM). “DM...

ING sells Fatum Operations to Guardian Holdings Limited

Dec 16 2002 // The Netherlands ING Group announced that it has reached an agreement with Guardian Holdings Limited (GHL) of Trinidad and Tobago to sell its Fatum operations, a group that handles life, non- life and health insurance in...

Afni Insurance Services Partners with The AMS Users’ Group

Dec 11 2002 // Afni Insurance Services, a provider of customer care solutions for the industry, has formed a marketing partnership with the AMS Users’ Group (AMSUG). AMSUG, who previously endorsed Afni Insurance Services’...

Gallagher Acquires Louisiana’s Encore Insurance & Bonding

Dec 11 2002 // Arthur J. Gallagher & Co. announced the acquisition of Encore Insurance & Bonding Inc. of New Orleans, La., a full-service insurance agency which specializes in offering risk management and commercial...

Hub International Finalizes So. Calif. Brokerage Acquisition

Dec 10 2002 // Hub International Limited reported that the previously announced agreement to purchase the stock of Hooper, Hayes & Associates, Inc. (Hooper), a Los Angeles-based insurance brokerage firm founded in 1946, and...

Cox Turns Down Takeover Bid from Wood Group

Dec 9 2002 // The U.K.’s Cox Insurance Holdings Plc, a major underwriter in the Lloyd’s market, has reportedly turned down a takeover bid from a consortium headed by Peter Wood, the founder of Direct Line, the highly...

Trenwick Gets Agreement “in Principle” for 2003 Lloyd’s Funding

Dec 9 2002 // Bermuda-based Trenwick Group Ltd. announced today that it has reached an agreement in principle with its Lloyd’s letter of credit providers which will allow it to continue underwriting at Lloyd’s in 2003. The...

CGI Closes INSpire Acquisition

Dec 5 2002 // CGI Group Inc. (CGI) announced it completed the acquisition of Fort Worth-based INSpire Insurance Solutions Inc. for US$5.4 million (CDN$8.5 million) in cash. INSpire has revenues of US$26 million (CDN $41 million). As...

BB&T to Acquire Fla. Premium Finance Co.

Dec 5 2002 // BB&T Corporation of Winston-Salem, N.C. announced plans to buy insurance premium finance company Southeastern Fidelity Corporation (SEFCO) of Tallahassee, Fla., in a stock swap. Terms were not disclosed. BB&T...

GAINSCO Sells GAINSCO County Mutual

Dec 3 2002 // GAINSCO INC., based in Dallas, announced the completion of the previously announced sale and transfer of its management contract controlling GAINSCO County Mutual Insurance Company (GCM) to an affiliate of Liberty Mutual...

Consob to Rule on SAI-La Fondiaria Merger by End of this Month

Dec 3 2002 // Consob, the Commission charged with regulating Italy’s stock markets, has indicated that it will rule on the validity of the merger between SAI and La Fondiaria before the end of this month. Its decision may bring an...

ISO Acquires IntelliCorp

Dec 2 2002 // Insurance Services Office, Inc. (ISO) has acquired IntelliCorp, Ltd., a nationwide provider of criminal records, motor vehicle reports and other public documents. With a database of over 70 million criminal records...

AMS Services Acquires Texas-Based IRS-AIMS

Dec 2 2002 // AMS Services, Inc. has acquired Universal City, Texas based IRS-AIMS, a Texas rating and management system vendor. Users of IRS-AIMS’ rating and management systems will continue using these products and AMS will...

Liberty Mutual Group Acquires Winterthur Portuguese Units

Nov 27 2002 // Boston-based Liberty Mutual Group announced that its subsidiary, Liberty International, has signed an agreement to acquire Winterthur’s Portuguese business units and branch offices, including its subsidiary companies...

ING Sells 36 Million Shares, Raises $666 Million

Nov 27 2002 // The Netherlands ING Group has sold 36 million shares, about 1.8 percent of the total outstanding, at approximately 18.50 Euros per share, raising around $666 million in additional capital. (The dollar and the Euro are...

PartnerRe Registers to Sell $386 Million in Mixed Securities

Nov 27 2002 // Bermuda-based PartnerRe Ltd. has filed a registration statement with the Securities and Exchange Commission to sell an additional $386 million worth of mixed securities. Together with the $214 million worth of securities...

Harleysville Mutual to Acquire Penn Mutual

Nov 26 2002 // Harleysville Mutual Insurance Company, which owns 56 percent of Harleysville, Pa.-based Harleysville Group Inc., announced an agreement to acquire the operations of Penn Mutual Insurance Company. “The in-market...