Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
RMS, Japanese Partner Complete Cat Exposure Model
Nov 17 2000 // Menlo Park based, Risk Management Solutions (RMS) and its Japanese partner OYO Corporation announced that their joint venture, OYO RMS, has completed “a detailed natural hazard risk analysis for the National Mutual...
Jardine Lloyd Buys Benefit Consultant
Nov 16 2000 // One of the U.K.’s leading insurance brokers, Jardine Lloyd Thompson Plc (JLT), announced that it has acquired Abbey National Benefit Consultants Ltd. for $22.5 million ($32.4 million) in cash. Reuters News Agency...
Swiss Re Completes SCI Acquisition
Nov 15 2000 // Swiss Re announced that it has completed the acquisition of the remaining 65 percent interest it didn’t already hold in Società Italiana Cauzioni (SIC), a Rome based bond and credit insurer, which employs 163 people...
PartnerRe Posts 3rd Quarter Gains
Nov 7 2000 // With this year’s hurricane season nearly over, Bermuda based PartnerRe Ltd. added to the good news with its 3rd quarter earnings report, showing good gains with operating earnings up 24 percent from $40.7 million to...
InsLogic Partners with National City Bank
Nov 7 2000 // InsLogic, a provider of turnkey, private label e-insurance agency solutions, has partnered with National City Bank, one of the Midwest’s largest multi-line financial service companies, to provide insurance services...
Texas Insurance Agency Acquired by Compass
Nov 6 2000 // Compass Bancshares and one of Texas’ largest independent insurance agencies have signed a definitive agreement for Compass to acquire the agency. Texas Insurance Agency, with offices in San Antonio, Austin, Uvalde...
Japanese P/C Insurers In Merger Talks
Nov 3 2000 // Another round of consolidation is shaping up in the Japanese insurance industry with the announcement that Yasuda Fire & Marine Ins. Co., Nissan Fire & Marine Ins. Co. and Taisei Fire & Marine Ins. Co. are...
AIG, Dun & Bradstreet to Form B2B Joint Venture
Nov 1 2000 // American International Group and The Dun & Bradstreet Corp. has agreed to form a joint venture that will offer a suite of products and services to be named Avantrust. The venture will target business-to-business...
Conning To Acquire Charter Oak Capital Management
Oct 31 2000 // Conning Corp. has entered into an agreement to acquire the Charter Oak Capital Management operations, a Hartford, Conn.-based investment manager with expertise in managing fixed income and equity securities portfolios for...
Autobytel.com Forms Partnerships for New Aftermarket Internet Sales Channel
Oct 31 2000 // Irvine, Calif.-based Autobytel.com Inc. announced it had formed partnerships with EyeVelocity, Source One Marketing, and automotive aftermarket accessory manufacturers LoJack, Katzkin Leather Inc., Saddleman and Steel...
New York Life Investment Management To Acquire Towneley
Oct 30 2000 // New York Life Investment Management Holdings, a wholly owned subsidiary of New York Life Insurance Co., has signed a definitive agreement to acquire the assets of Towneley Capital Management relating to the investment...
Zurich Takes Over INZIC – Major Shareholder in Baloise
Oct 30 2000 // Zurich Financial Services obtained the remaining 30 percent interest it didn’t already own in INZIC, an investment partnership set up to hold an approximately 30 percent stake in Swiss multi-line insurer...
AIG Sees Acquisition Opportunities
Oct 27 2000 // American International Group posted a 14.6 percent rise in third-quarter profits Thursday. Meanwhile, the company’s chairman raised the possibility of insurance acquisitions across the world. Net income for the third...
Lloyd’s-IUA Name Xchanging As Partner For Data Processing
Oct 24 2000 // Lloyd’s and the International Underwriting Association (IUA) jointly announced the selection of information technology specialist Xchanging as a partner in a joint venture which will develop and operate a unified...
ACE INA Sells Premium Finance Business of INAC to Cananwill
Oct 23 2000 // ACE INA has sold the premium financing business of its subsidiary, INAC, to Cananwill Inc., a subsidiary of Aon Corporation. The sale was effective October 16, 2000. INAC was acquired by ACE INA as part of the purchase of...
Surplus Inc. Acquires CIA’s Commercial Book
Oct 23 2000 // Surplus Inc., a Spring, Tex.-based MGA, has acquired the commercial book of business from Combined Independent Agencies (CIA). The book includes property, casualty, package and commercial auto. CIA’s workers’...
Timberline Acquires Financial Guardian
Oct 23 2000 // Timberline Insurance Services of Austin has acquired a significant portion of Houston-based Financial Guardian’s commercial business. The purchase marks what Timberline President Hal Shults said is another round of...
Online Insurer Esurance Acquired by Folksamerica Holding Co.
Oct 23 2000 // A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. It was just the right thing at the right time,” Jean-Bernard...
PIA, LIU Partner to Offer Kidnap and Ransom Coverage
Oct 19 2000 // Professional Indemnity Agency (PIA) is teaming with Liberty International Underwriters (LIU) to offer kidnap and ransom extortion and detention coverage available to existing PIA and LIU customers and to other companies...
AXA Reaches Agreement to Acquire AXA Financial
Oct 19 2000 // AXA Group announced that its offer to buy out the minority shareholders of its U.S. subsidiary AXA Financial had been accepted following the unanimous recommendation of a special committee of independent directors in favor...
