Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Aon To Acquire ASI Solutions
Feb 26 2001 // In a move aimed at strengthening its consulting and outsourcing services Aon announced that it has agreed to acquire New York-based ASI Solutions Inc., “a worldwide provider of human resources administration and...
Acquisitions Boost Insurer Profits
Feb 26 2001 // Jardine Lloyd Thompson profits increased by 12 percent last year, helped by the acquisitions it made to bolster its business. JLT bought Burke Ford Group, a UK retail and employee benefits broker, as well as Abbey...
Doris Chosen as Ajasent Strategic Partner
Feb 26 2001 // Ajasent, an application service provider serving independent insurance agents, has added DORIS software as one of the management system products it will be offering customers. Ajasent manages and delivers application...
ICAHN BUYS MORE RELIANCE DEBT
Feb 26 2001 // Financier Carl Icahn has purchased $10.5 million of the defaulted notes and $20 million of the secured bank debt of Reliance Group Holdings Inc. In a press release, Icahn also said he plans to end the tender offer of High...
Credit Suisse Sells Corporate Insurance Unit to
Feb 21 2001 // Credit Suisse Group is selling its large multi-corporate insurance business to Bermuda-based financial services group XL Capital Ltd for $600 million. The move will reportedly allow Credit Suisse’s Swiss-based...
Credit Suisse Sells Corporate Insurance Unit to
Feb 20 2001 // Credit Suisse Group is selling its large multi-corporate insurance business to Bermuda-based financial services group XL Capital Ltd for $600 million. The move will reportedly allow Credit Suisse’s Swiss-based...
YNB Financial Services Forms Partnership with Local Independent Insurance Agencies
Feb 16 2001 // New Jersey bank, YNB Financial Services has signed marketing agreements with three independently-owned insurance agencies, Borden-Perlman Insurance Agency, Nottingham Insurance Agency and Princeton Assurance Corporation...
CNP Buys Control of Brazilian Insurer for
Feb 16 2001 // French life insurer CNP Assurances has entered Brazil’s fast-growing insurance market with a deal to buy a controlling share of Sasse for $535 million. CNP agreed to buy a 50.75 percent stake in Caixa Seguros (Sasse)...
MetLife Receives Approval for Grand Bank Acquisition
Feb 13 2001 // The Federal Reserve Board has approved the MetLife’s application for bank holding company status and its acquisition of Grand Bank, N.A. of Kingston, New Jersey. The Board also has approved MetLife’s request...
AIG Looking For Acquisitions
Feb 13 2001 // American International Group is on the lookout for acquisitions both in the United States and overseas, according to a statement made by Chairman Maurice Greenberg during a meeting with analysts and money managers that...
Fortis To Acquire Stake in Malaysian Insurer
Feb 9 2001 // Fortis, the Belgian-Dutch financial services group, announced that it will acquire a 30 percent stake in the insurance unit of Malaysia’s Maybank for $90 million. The insurance holdings, chiefly Mayban Life Assurance...
CGNU Sells New Zealand Business To NRMA For $178 Million
Feb 8 2001 // NRMA, Australia’s largest general insurer, has agreed to acquire New Zealand’s State Insurance Ltd from CGNU, its present owner, for A$325 million ($178.23 million). CGNU chose to sell the former Norwich Union...
Tacoma Agency Acquired by Arthur Gallagher
Feb 8 2001 // Arthur J. Gallagher and Co. and Persing, Dyckman & Toynbee Inc. have merged. Persing, Dyckman & Toynbee is an independent insurance brokerage that has operated in the Tacoma, Wa., area for more than 50 years. It...
Management buys New York Brokerage
Feb 7 2001 // New York-based Frenkel & Co. Inc. has a new owner-senior management as a result of a management buyout Monday led by Robert Shunk and John Kelly. Shunk will continue as chairman of Frenkel, and Kelly will serve as...
AIG To Acquire 7.3 Percent Stake In Japanese Stockbroker
Feb 7 2001 // AIG gave further evidence of its confidence in Japan’s economy on Tuesday, with the announcement that the U.S. giant had agreed to acquire a 7.3 percent stake in H.I.S. Securities Co. Ltd. for 300 million yen ($2.61...
Hilb, Rogal and Hamilton Continues Acquisitions
Feb 6 2001 // Hilb, Rogal and Hamilton Co. has acquired a Maine agency. Terms of the deal were not disclosed. HRH purchased The Dunlap Corp. based in Auburn, Maine, which operates four offices in Maine and New Hampshire. Founded in...
Frenkel and Co. Inc. Acquired by Senior Management
Feb 5 2001 // Frenkel & Co., Inc., a leading international insurance brokerage firm, has been acquired through a management buyout. The management buyout was lead by Robert Shunk and John Kelly. Shunk will continue to serve as...
The Hartford Acquires Fortis
Feb 5 2001 // The Hartford expects to move from the No. 5 to the No. 3 spot nationally in individual life insurance with a $1.12 billion acquisition of Fortis Financial Group’s life, annuity and mutual fund business. According to...
Hilb, Rogal and Hamilton Acquires Kansas Agency
Feb 2 2001 // Hilb, Rogal and Hamilton Co. has acquired substantially all of the operations of Dulaney, Johnston & Priest, an insurance agency headquartered in Wichita, Kansas. Terms of the transaction were not disclosed. With over...
AscendantOne Gains Second Round Funding
Jan 29 2001 // AscendantOne has received new funding from equity partners US Bancorp Piper Jaffray Ventures and Century Capital Management. The additional funding supports a product launch of the Rate/Quote/Issuance module of...
