Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Meiji, Yasuda Advance Merger Date, Plan Tie-Up with Nipponkoa
Oct 18 2002 // Meiji Life Ins. Co, Japan’s third largest life insurer, and Yasuda Mutual Life Ins. Co, the sixth largest, announced that they will advance the April 2004 date for their planned merger to January 2004. According to a...
Italian Regulators Examine Mediobanca Role in Generali, La Fondiaria/SAI Merger
Oct 16 2002 // Consob, the Italian stock market regulatory body, has launched an investigation into the role played by Mediobanca, the powerful Milan based merchant bank, in behind the scenes manuevering concerning the SAI/La Fondiaria...
Credit Suisse Sells Remaining Stake in Swiss Re
Oct 16 2002 // In a move aimed at raising some additional cash, Credit Suisse has sold its remaining stake in Swiss Re through its investment banking division Credit Suisse/First Boston. The bank, which held around 11 million Swiss Re...
Agent Partners with CNA on Realty Firm Coverage
Oct 15 2002 // The Maryland-based agency Victor O. Schinnerer announced that it has introduced a p/c policy, Victor O. Schinnerer’s Realty Choice(TM), for real estate firms located in Massachusetts, Virginia and Illinois...
InMarket Partners, InterNetEx Inc. Form Agreement
Oct 9 2002 // InMarket Partners announced an agreement with InterNetEx Inc. making it possible for InMarkets Partners’ clients to take advantage of InterNetEx’s business process automation solutions. InMarket Partners will...
HSBC to Acquire 10% Stake in China’s Ping An Insurance
Oct 9 2002 // The Hong Kong and Shanghai Bank (HSBC) has agreed to take a 10 percent stake in Ping An Insurance, China’s second largest insurer for $600 million. U.S. investment banks Goldman Sachs and Morgan Stanley already have...
Marsh Inc. To Acquire Saldana & Associates of Puerto Rico
Oct 8 2002 // Marsh Inc. announced that it has signed a letter of intent to acquire Saldana & Associates, the leading insurance broker in Puerto Rico and the Caribbean, “subject to the customary conditions.” The...
AXIS Specialty Completes Acquisition of Connecticut Specialty
Oct 8 2002 // Bermuda’s AXIS Specialty Limited announced that it has completed the acquisition of Connecticut Specialty Insurance Company, which will be renamed AXIS Specialty Insurance Company (ASI). The Connecticut-based surplus...
DriverShield, eAutoclaims Abandon Merger
Oct 7 2002 // DriverShield Corp. of Ronkonkoma, N.Y. and eAutoclaims.com Inc. announced the termination of merger discussions in which eAutoclaims would have become a wholly owned subsidiary of DriverShield. Barry Siegel, Chief...
HCC Acquires MAG Global
Oct 3 2002 // HCC Insurance Holdings Inc., headquartered in Houston, said it has completed the previously announced acquisition of MAG Global Financial Products LLC. MAG is an insurance underwriting agency specializing in directors and...
BB&T Insurance to Buy its First Florida Agency
Oct 3 2002 // Raleigh, N.C.-based BB&T Insurance Services, the insurance subsidiary of BB&T Corp. of Winston-Salem, announced plans to purchase Tallahassee, Fla. agency Landrum-Yaeger & Associates Inc. The purchase...
Selective to Buy Servicing Rights to Siebels Bruce Flood Insurance
Oct 2 2002 // Selective Insurance Group Inc. of Branchville, N.J. announced its Selective Insurance Company of America subsidiary signed a letter of intent to acquire servicing rights to Siebels Bruce Group Inc.’s flood insurance...
CompManagement Buys Barron Risk
Oct 2 2002 // CompManagement Inc. of Greenwich, Conn. announced it has purchased Dallas-based Barron Risk Management, which provides workers’ compensation claims management, medical cost containment, safety and loss prevention,...
American Wholesale Acquires Woodus K. Humphrey & Co.
Oct 1 2002 // American Wholesale Insurance Group Inc., a Charlotte, N.C.-based wholesale insurance distribution holding company, announced it has completed the acquisition of Woodus K. Humphrey & Company Inc., of Shreveport,...
Insurance Journal Acquires Claims Guides Directories
Sep 30 2002 // Wells Publishing Inc., which has been publishing Insurance Journal for the past 79 years, has added Claims Guides to its list of publications. Claims Guides, which will be published in 37 different regions across the...
Zurich Sells Stake in Endurance Specialty
Sep 27 2002 // Zurich Financial Services (ZFS) announced that it has sold its direct interest in Endurance Specialty Insurance Ltd. to the company’s Bermuda-based holding company for $100 million. ZFS and Aon Corp. founded...
Digital Adds Benefits Partners
Sep 25 2002 // Atlanta-based Digital Insurance Inc. signed agreements with five additional employee benefits brokers to handle the day-to-day service and sales of a portion of their small group benefits business. These new partners are...
DCU Partners with BIS to Form Insurance Agency
Sep 24 2002 // The Banc Insurance Services Inc. (BIS), a Springfield, Mass.-based service provider to financial institutions trying to set up insurance agencies, announced it has contracted with Digital Federal Credit Union (DCU), a...
South Financial Group Acquires Gardner Associates
Sep 24 2002 // The South Financial Group Inc. announced it acquired Gardner Associates Inc., an independent insurance agency based in Columbia, S. C., effective September 20, 2002. Terms of the transaction were not disclosed. Gardner...
RenRe to Buy Nearly 4 million Shares of Platinum Underwriters
Sep 23 2002 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it has reached an agreement with Platinum Underwriters Holdings, Ltd. to purchase 3,960,000 of its common shares in a private placement Platinum was established in...
