Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Fair, Isaac Acquires HNC Software
May 1 2002 // Fair, Isaac and Company Inc. and HNC Software Inc. announced plans to join forces in a merger that will create an unmatched provider of leading-edge business analytic solutions for a broad range of industries. The...
W.R. Berkley to Acquire 20% Stake in Lloyd’s Market Insurer Kiln
Apr 26 2002 // W.R. Berkley will up its share in Lloyd’s insurer Kiln to 20 percent by acquiring 32.8 million newly offered shares in the company at 47 pence (68 cents) and the acceptance of a two-for-three rights issue at the same...
Allianz Finalizes 2001 Net Profit at $1.42 Billion, Defends Dresdner Acquisition
Apr 19 2002 // Germany’s Allianz Group had an off year in 2001, along with most of the rest of the insurance industry. The company announced its definitive results yesterday, showing a net profit of €1.6 billion ($1.42...
Marshall and Swift/Boeckh Acquires Data
Apr 17 2002 // Marshall & Swift/Boeckh, a New Berlin, Wis.-based provider of building cost data and estimating services to the property insurance industry, has acquired the contents data from Total Research & Replacement (TRR),...
SIAA Partners with Zurich Small Business to offer Members Access to Zurich Products and Services
Apr 16 2002 // Zurich North America Small Business and Strategic Independent Agents Alliance (SIAA) have formed a relationship that will enable SIAA’s 876 member agencies to access the products and services of one of the fastest...
Celaris Group Acquires Value Added Benefits
Apr 10 2002 // Celaris Group Inc. a full-service insurance agency headquartered in Bowling Green, Ohio, has acquired Value Added Benefits Ltd., a wholesale insurance business headquartered in Cleveland, Ohio. Celaris, is a wholly-owned...
Brown Brown Acquires NJ’s Turner Agency
Apr 9 2002 // Regional Executive VP of Brown & Brown, Inc. Thomas E. Riley and Robert J. Turner, President of RJT, Inc. of Parsippany and Freehold, NJ, doing business as The Turner Group, announced that a New Jersey subsidiary of...
Assurex Global Adds Latin American, African, North American Partners
Apr 8 2002 // Ohio-based Assurex Global, a privately held risk management and commercial insurance brokerage group, has expanded its worldwide presence with the addition of international broker partners in Lima, Peru and Tunis, Tunisia,...
Assurex Adds Partners in Peru, Tunisia U.S.
Apr 4 2002 // Assurex Global Partners, the private organization of leading brokers and agencies, announced that it has expanded its worldwide presence with the addition of international broker Partners in Lima, Peru and Tunis, Tunisia,...
Chicago’s Acordia Acquires Tenn. Broker, Forges Agreement with ConfirmNet
Apr 4 2002 // Acordia Inc., an insurance broker based in Chicago and a subsidiary of Wells Fargo & Company, recently confirmed the acquisition of Risk Management Services Inc., a single-office brokerage firm located in Morristown,...
North Dakota’s BNCCORP Inc. To Acquire Ariz. Agency
Apr 1 2002 // BNCCORP Inc. of Bismarck, N.D., announced plans for its insurance subsidiary to acquire Milne & Company Insurance, Inc., d/b/a Milne Scali & Company, one of the largest independent insurance agencies in...
ING to Acquire 49% Stake in Brazil’s Sul America
Mar 27 2002 // Holland’s ING Group further strengthened its leading position in the Latin American insurance market with the acquisition of a 49 percent stake in Sul America S.A., Brazil’s second largest insurance...
AXIS Gains Wide Access to U.S. Market with Company Acquisitions
Mar 26 2002 // Newly formed Bermuda insurer AXIS Specialty Limited announced that that its US subsidiary, AXIS Specialty U.S. Holdings, Inc., has entered into agreements to purchase the Royal & SunAlliance Personal Insurance Company...
Hilb, Rogal & Hamilton Acquires Beverly Hills Agency
Mar 21 2002 // Hilb, Rogal & Hamilton Co. has acquired the majority of the operating assets of LFC Insurance Agents & Brokers Inc. of Beverly Hills, Calif. LFC has annual revenues more than $1 million and provides property...
CPIA Society Names Selective Insurance its “Company Partner of the Year”
Mar 18 2002 // The Certified Professional Insurance Agents (CPIA) Society has recognized Selective Insurance Group, Inc., as its 2002 “Company Partner of the Year.” Selective was honored for its agent focused “One...
Agencies Chosen as General Casualty Premier Partners
Mar 15 2002 // Wisconsin-based General Casualty Insurance Companies recently chose 92 insurance agencies to become part of its elite group of top-performing independent agencies known as Premier Partners. Qualification is based on an...
Gallagher Acquires Conn., NJ Brokers
Mar 14 2002 // International broker and risk manager Arthur J. Gallagher & Co. announced that it has completed the acquisition of Life Plans Unlimited, Inc. of Fairfield, Connecticut and Tom Sherwin Insurance Agency of Haddonfield,...
Greater Bay Bancorp Completes Acquisition of ABD Insurance and Financial Services
Mar 14 2002 // California-based Greater Bay Bancorp, a $7.9 billion in assets financial services holding company, announced the completion of its acquisition of ABD Insurance and Financial Services, Inc. ABD offers a full range of...
ING to Acquire 17.5% Stake in Mexico’s Bital
Mar 13 2002 // ING, the Netherlands-based insurance and financial services group, revealed plans to increase its investments in Mexico with the announcement that it has signed a memorandum of understanding, subject to negotiating final...
GAB Robins Launches GAB Robins Capital Partners
Mar 13 2002 // GAB Robins Group of Companies has formed GAB Robins Capital Partners and appointed Michael C. Garner as President of the new division. Capital Partners designs runoff solutions, provides outsourcing capabilities for...
