Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub International to Acquire Kaye Group
Jan 22 2001 // Hub International has entered a definitive agreement to acquire Kaye Group through a merger transaction. Upon the merger, each holder of Kaye Group shares will receive for each share held US$14, comprised of the following...
KKR Unit to Buy Two Reliance Group Auto Insurance Units
Jan 15 2001 // Bristol West Insurance Group, a unit of Kohlberg Kravis Roberts & Co., plans to purchase two units of troubled insurer Reliance Group Holdings to beef up its non-standard auto insurance offerings. Bristol subsidiary...
InsureCargo.com Partners with WordCatch.com
Jan 12 2001 // InsureCargo.com, a U.S.-based website licensed to sell cargo insurance for single trip exposures, has entered into a strategic partnership with WorldCatch Inc., an online marketplace for the global seafood industry,...
Webster Acquires Musante Reihl Associates Agency
Jan 11 2001 // Webster Financial Corp., through its wholly owned insurance subsidiary Webster Insurance, has acquired Musante Reihl Associates, a Cheshire-based insurance agency. Terms were not disclosed. Webster entered the insurance...
Tokio Marine, Nichido Affirm Merger
Jan 11 2001 // Confirming plans announced last September, Japans largest p/c insurer, Tokio Fire & Marine Insurance Co. Ltd., and Nichido Fire & Marine will merge into a joint holding company in April of 2002. Further plans...
InsureNewMedia.com, InsureCast.com Make Merger Deal
Jan 11 2001 // InsureNewMedia.com, a provider of insurance products for startup Internet and emerging technology companies, and InsureCast.com, a provider of insurance for medium to large technology businesses, announced they will...
New York Bank Completes Agency Acquisitions
Jan 10 2001 // Tompkins Trustco Inc., a multi-bank holding company, has completed the previously announced acquisition of Austin Hardie Wise Agency Inc. and Ernest Townsend & Son Inc., effective January 1, 2001. The combined agency...
Transatlantic Re Acquires 40 Percent Interest in Kuwait Re
Jan 9 2001 // Transatlantic Reinsurance Co., a wholly owned subsidiary of Transatlantic Holdings, Inc., announced that it has invested $30 million in Kuwait Reinsurance Co. in exchange for a 40 percent interest. Kuwait Re, founded in...
Fiserv Buys Boerne Insurance Administrator
Jan 9 2001 // Fiserv Insurance Offerings has acquired Benefit Planners, a third-party provider of administrative services for employee benefit programs. Terms of the agreement were not disclosed. Benefit Planners will continue...
Zurich Acquires Stake in New China Life
Jan 8 2001 // Zurich Financial Services announced that it has acquired a 10 percent stake in China’s fourth largest life insurance company, New China Life, for $ 39 million. Zurich is part of a group of investors which includes...
Community First Acquires Wyoming, Minnesota Agencies
Jan 8 2001 // Community First Bankshares, has acquired insurance agencies in Wyoming and Minnesota through its affiliate, Community First Insurance Agencies, Inc. The acquisition of Barnard Insurance Agency, with offices in Casper and...
Kemper Acquires Majority Interest in Service Net
Jan 8 2001 // Kemper Insurance Cos. has acquired 51 percent interest in Service Net, aligning the Louisville, Ky., company’s warranty and service management expertise with Kemper’s insurance and risk management...
Munich Am Re Closes CNA Life Re Acquisition
Jan 5 2001 // Munich American Reassurance Company, a wholly owned subsidiary of Germany’s Munich Re, has completed the previously announced purchase of CNA Financial Corporation’s life insurance business, CNA Life Re and...
Vesta Insurance Financial Overhaul Includes Acquisitions, Company Stock for Agents
Jan 5 2001 // Vesta Insurance Group Inc. is planning four separate transactions, the centerpiece of which is two acquisitions that will enable Vesta to offer a wider range of personal lines insurance products. Vesta also intends to...
Crum Forster Acquires Transnational Insurance
Jan 5 2001 // Crum&Forster has acquired from PXRE Corporation its excess and surplus lines subsidiary, Transnational Insurance Company. All pre-acquisition business and liabilities of Transnational, to be renamed Crum &...
AXA Completes Acquisition of AXF Minority Shares
Jan 4 2001 // As of January 2 AXA Financial Inc., officially ceased to be an independent company and became a wholly owned subsidiary of its French parent The AXA Group. Its shares are no longer listed on the NYSE. AXF, the...
Donegal Completes Acquisition of Pioneer
Jan 4 2001 // Donegal Group Inc. has completed the acquisition of Pioneer Insurance Co., which is headquartered in Greenville, New York, from Donegal Mutual Insurance Company effective January 1, 2001. The purchase price will be equal...
Gallagher Completes Agency Acquisitions
Jan 4 2001 // Arthur J. Gallagher & Co. has completed two acquisitions: Persing, Dyckman & Toynbee Inc., of Tacoma, Washington, and Castle Insurance Associates Inc. of Boston. Terms of the transactions were not...
Chiyoda, Kyoei Liabilities Threaten AIG, Prudential Acquisitions
Dec 29 2000 // New revelations of the parlous financial condition of two Japanese Life Companies, Chiyoda and Kyoei, both of whom have filed for bankruptcy protection, puts into question the previously announced plans of American...
CGNU Sells Canadian Life Units
Dec 27 2000 // In accordance with its plans to concentrate on p/c insurance in Canada, CGNU, the U.K.’s largest p/c insurer, announced the sale of two Canadian life units. Manulife Financial has acquired the former CGU subsidiary...
