Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Stoneham Savings to Acquire Wakefield Agency
Apr 11 2001 // The Stoneham Savings Bank has announced it will acquire The New England Heritage Insurance Agency, an independent insurance agency in Wakefield, Mass. New England Heritage will be merged with The Robert F. O’Neill...
Webster Financial Acquires Two Agencies
Apr 10 2001 // Webster Financial Corp., through its wholly owned insurance subsidiary Webster Insurance, announced the acquisition of Wolff-Zackin & Associates Inc. and Benefit Plans Design & Administration Inc., both of...
Brown and Brown Acquires The Harris Agency
Apr 10 2001 // Brown and Brown has purchased The Harris Agency, a Manassas, Virginia agency founded more than a century ago. The transaction was effective April 1, 2001. The Harris Agency, established in 1897 and purchased by Loy Harris...
General Casualty Acquires Sixth Regional Insurance Company
Apr 9 2001 // Officials of Sun Prairie, Wis.-based General Casualty Insurance Companies announced the acquisition of Blue Ridge Insurance Company, headquartered in Simsbury, Conn. With this acquisition, Blue Ridge became General...
ERC Acquires, Reactivates New ‘GE CyberComp’ Brand
Apr 9 2001 // On March 29, Employers Reinsurance Corporation (ERC), a GE company, acquired and reactivated Cyber-Comp through its subsidiary Westport Insurance Corporation. Westport will use “GE CyberComp” as the brand name...
American National to Acquire Farm Family
Apr 6 2001 // American National Insurance Co. has received a nod from the New York State Insurance Department to acquire Farm Family Holdings. With this approval, the companies have received all of the approvals they need to complete...
SCOR in Discussions To Acquire Sorema
Apr 5 2001 // Paris-based SCOR Group, France’s largest reinsurer, confirmed that it was holding talks with mutual insurer Groupama SA to acquire its unprofitable reinsurance subsidiaries Sorema SA and Sorema NA, the...
Indiana United Bancorp Acquires Vollmer and Assoc.
Apr 5 2001 // Indiana United Bancorp has finalized a definitive agreement to acquire the insurance agency of Vollmer & Associates. The agency merged April 2 with the operations of The Insurance Group, which was formed in 1999 and...
Hilb, Rogal and Hamilton Acquires B. Perkins
Apr 3 2001 // Hilb, Rogal and Hamilton has acquired the stock of B. Perkins & Co., an insurance agency in Hartford, Connecticut. Terms of the transaction were not disclosed. Generating more than $3 million in revenues annually, B....
Fortis to Buy CORE for $45 Million
Mar 30 2001 // The American subsidiary of the Belgian-Dutch Financial Services Group Fortis announced plans to acquire New York-based provider of employee absence management services CORE for $4.92 a share. Fortis will also assume...
PartnerRe Changes Name of French Unit
Mar 30 2001 // Bermuda-based PartnerRe announced that “it will change the name of its Paris organization from SAFR PartnerRe to PartnerRe SA,” effective April 1. The French operation thus joins the rest of the Group operating...
Employers Re Acquires CyberComp
Mar 30 2001 // Employers Reinsurance Corp., a GE company, has acquired and reactivated CyberComp, an online system that quotes and binds workers’ compensation policies, through its subsidiary Westport Insurance Corporation. Prior...
Insurance Mergers, Acquisitions Stalled in 2000
Mar 28 2001 // Convergence among U.S. banks and insurers were not significant according to a recent study by Conning & Co. titled “Mergers and Acquisitions and Public Equity Offerings: 2001 Edition.” According to the...
Arch Capital Group to Acquire Altus Holdings
Mar 26 2001 // Arch Capital Group has entered into a definitive agreement to acquire all of the capital stock of one of its current investee companies, Altus Holdings, Ltd. Altus, a privately held company, provides insurance and...
Pru/Am Gen Merger Tops Insurance Deals
Mar 26 2001 // Last January, Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston, Texas, with the announcement that Britain’s...
Aviation Insurance Holdings to Buy Aviation Agency
Mar 22 2001 // Las Vegas-based Aviation Insurance Holdings has signed a letter of intent to purchase the Aviation Agency of Crystal Lake, Ill. Larry Galizi, founder and CEO of the Aviation Agency, will be retained as president and CEO on...
Fiserv Acquires FSC, Hopes to Extend Comparative Rating System Nationwide
Mar 19 2001 // In keeping with its aggressive and acquisitive nature, Fiserv Inc. announced March 6 that it had purchased Agoura Hills, Calif.-based Facilities and Services Corporation (FSC). The arrangement will allow FSC, which has...
Britain’s Prudential To Buy Am Gen In Biggest Insurance Deal Ever
Mar 19 2001 // Last January Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston with the announcement that Britain’s venerable...
GALLAGHER ACQUIRES TEXAS AGENCY
Mar 19 2001 // Arthur J. Gallagher & Co. has acquired Madison Scott & Associates, Inc. of Amarillo and Houston, Texas. The agency has specialized in group, health and life products and since December 1992. Madison Scott, area...
ACCEPTANCE SELLS P/C TO HANNOVER
Mar 12 2001 // Acceptance Insurance Cos. Inc. of Omaha, continuing to exit its property and casualty businesses, announced on March 2 it has sold a majority of that operation to Insurance Corp. of Hannover, a division of Hannover Re....
