Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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....
Fiserv Acquires FSC
Mar 12 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...
PRC TO BUY INSURITY SOLUTIONS
Mar 12 2001 // PRC Corp., a subsidiary of ChoicePoint® , entered into an agreement to purchase 100 percent of the stock of Insurity Solutions Inc. from an internal management group and private investors. The acquisition aims to blend an...
Liberty Mutual Buys Venezuelan Firm
Mar 9 2001 // Seguros Caracas, the Venezuelan unit of U.S. insurance firm Liberty Mutual, has purchased local rival Seguros Panamerican for $56 million Thursday, creating the largest insurance company in the country. Seguros Caracas...
Arthur J. Gallagher & Co. Acquires Three Insurance Agencies
Mar 9 2001 // Arthur J. Gallagher & Co. Has completed three acquisitions; MDM Insurance Associates, Inc. of Los Angeles, California; SKANCO International, Ltd. of Scottsdale, Arizona; and Madison Scott & Associates, Inc. of...
Fiserv Acquires FSC, Combined Talents Bode Well for Market
Mar 7 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. The arrangement will allow FSC, which has thus far...
Colorado Business Bankshares Acquires Insurance Agency
Mar 7 2001 // Colorado Business Bankshares, the parent company for Colorado Business Banks, has acquired Denver-based Milek Insurance Services Inc. The agency, which will be renamed CoBiz Insurance Inc., provides commercial and personal...
Summit Global Partners Enters California, Appoints Former Aon Exec Sands as CEO
Mar 6 2001 // International insurance brokerage and consulting company Summit Global Partners has expanded into California with Russell “Russ” Sands at the helm as Chairman and CEO of Summit Global Partners Insurance...
Economical buys Hartford Canadian Unit
Mar 5 2001 // The Economical Insurance Group, the sixth largest property and casualty insurer in Canada, will acquire Hartford Insurance Company of Canada, a subsidiary of The Hartford Financial Services Group. Economical aims to pick...
Acceptance Sells P/C Business to Hannover Re Division
Mar 5 2001 // Acceptance Insurance Cos. Inc. of Omaha, continuing to exit its property and casualty businesses, announced Friday it has sold a majority of that operation to Insurance Corp. of Hannover, a division of Hannover Re. In a...
Bank Acquires Wyoming Insurance Agency
Mar 5 2001 // Community First Bankshares Inc. has acquired C. R. Motis Insurance Agency, a Wyoming insurance agency, through its affiliate, Community First Insurance Agencies Inc. The agency has offices in Casper, Cody, Green River and...
PRC Corp. Acquires Insurity Solutions
Mar 1 2001 // PRC Corp., a subsidiary of ChoicePoint® , entered into an agreement to purchase 100 percent of the stock of Insurity Solutions Inc., from an internal management group and private investors. The deal is PRC’s second...
