Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Insurance Auto Auctions Acquires Albuquerque Facility
May 11 2001 // Insurance Auto Auctions (IAA) Inc., providing insurance companies with turnkey solutions to process and sell total-loss and recovered-theft vehicles, acquired a greenfield facility in Albuquerque, N.M. The new facility...
Argonaut Acquires Front Royal
May 9 2001 // In a move to expand its expand its specialty insurance services, Argonaut Group Inc. signed a definitive agreement to acquire Morrisville, N.C.-based Front Royal Inc., for $165 million in cash. According to a Reuters...
ING In Talks to Acquire Majority Stake in Segcoam
May 8 2001 // Holland’s ING Group is in talks with Savia, Mexico’s troubled financial services and technology group, to acquire its controlling interest in Seguros Comercial America, Mexico’s largest insurance...
PartnerRe Q1 Net Income Dips as Premiums Rise
May 8 2001 // Bermuda’s PartnerRe Ltd. reported net operating earnings of $55.6 million for the first quarter, a slight decrease from the $57.1 million recorded last year. Net premiums written, however, increased to $597.8 million...
Brown Brown Buys Young Agency
May 8 2001 // Florida’s Brown & Brown Inc. acquired Syracuse, N.Y.-based The Young Agency Inc. The transaction, which became effective May 4, creates one of Brown & Brown’s larger operations. Brown & Brown,...
ARGONAUT TO BUY NORTH POINTE
May 7 2001 // Argonaut Group Inc. announced that one of its subsidiaries has signed a definitive purchase and sale agreement with Queensway Financial Holdings Ltd. to acquire the shares of North Pointe Financial Services Inc., Hermitage...
Wells Fargo Acquires ACO Brokerage Holding Corp.
May 3 2001 // Wells Fargo & Company announced the completed acquisition of ACO Brokerage Holding Corporation, parent company of Acordia Inc., one of the nation’s largest independent property/casualty insurance...
Sherwood Acquires Concise Technologies
May 1 2001 // Sherwood International, a supplier of solutions to the global insurance marketplace, has acquired Concise Technologies Inc. for an estimated $13 million in cash and equity. The acquisition is aimed at strengthening...
Esurance Partners with California Coast
May 1 2001 // Esurance Inc., a national quote-to-claims Internet-based provider of personal auto insurance, and California Coast Credit Union, one of San Diego’s largest credit unions, announced a partnership to provide its...
Swiss Re To Acquire Southwestern Life Holdings
Apr 30 2001 // Swiss Re announced it had agreed to acquire Dallas-based Southwestern Life Holdings, Inc., which specializes in life, health, annuities and long term care products, in an all cash transaction valued at $171 million. The...
CONSECO TO BUY INDIAN COMPANY
Apr 30 2001 // Following a recent decision to reduce its work force by 14 percent through outsourcing its customer service and backroom operations to India, Indianapolis-based Conseco Inc. announced that it would acquire exlService, an...
Charter Partners Create New Membership Group
Apr 28 2001 // Charter Partners USA Inc., a Hampton, N.J.-based creator of insurance purchasing groups for middle-market risks, announced that the Regional Alliance of Metalcasters has been formed as a new membership group. The Regional...
So. Africa’s Old Mutual To Acquire St. Paul’s FG
Apr 27 2001 // Old Mutual, a South African financial services company which trades on the London Stock Exchange, announced that it had agreed to purchase Fidelity and Guaranty Life Insurance Co., a Baltimore-based subsidiary of The St....
ING Sells Argentine Life Sub to AIG – Expands Polish Operations
Apr 27 2001 // Holland’s ING Group agreed to sell Aetna Vida S.A., an Argentine life subsidiary it acquired last year as part of Aetna’s international operations, to AIG’s American Life Insurance Company for an...
Swiss Re To Buy MetLife’s Conning
Apr 26 2001 // In line with its plans to expand its financial service activities, Swiss Re announced that it would acquire MetLIfe’s asset management subsidiary Conning Corp. for an undisclosed price. Conning specializes “in...
QuickQuote.com Partners With StockHouse.com
Apr 26 2001 // QuickQuote.com, a life insurance website based in northern Nevada, has partnered with StockHouse.com, to provide insurance-related products and services to its financial network clients. StockHouse Media Corporation is a...
Prudential plc To Acquire Allstate Life Business in The Philippines, Indonesia
Apr 25 2001 // Britain’s Prudential plc will further expand its operations in Asia with the acquisition of Allstate’s majority holdings in two life insurance companies in The Philippines and Indonesia. Allstate said it was...
Conseco To Buy Indian Company for Outsourcing
Apr 24 2001 // Following its recent decision to reduce its work force by 14 percent by outsourcing its customer service and backroom operations to India, Indianapolis-based Conseco, Inc. announced that it would acquire exlService, an...
Electric Insurance Partners with Ebix.com
Apr 24 2001 // Visitors to ebix.com’s website, www.ebix.com, will now have direct access to the insurance products of Electric Insurance Company in 20 states. EIC, a Massachusetts-based direct writer specializing in automobile and...
Argonaut Group to Acquire North Pointe Financial
Apr 20 2001 // Arognaut Group Inc. announced that one of its subsidiaries has signed a definitive purchase and sale agreement with Queensway Financial Holdings Ltd. to acquire the shares of North Pointe Financial Services Inc., Hermitage...
