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