Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Allianz, Nicholas-Applegate Agree on Acquisition Terms
Oct 18 2000 // Germany’s Allianz has reached agreement to acquire San Diego based asset management company Nicholas-Applegate (N-A) for an initial payment of $980 million, and a contingent payment based on future earnings...
PartnerRe Names Thiele To Succeed Retiring Haag
Oct 12 2000 // The Board of Directors of Bermuda-based PartnerRe. Ltd. has selected Patrick Thiele to succeed Herbert Haag, who founded the company in 1993, as President and CEO effective upon his retirement December 1st. Board Chairman...
Primestreet, Zurich U.S. Announce Strategic Partnership
Oct 11 2000 // PrimeStreet, an enabler of online credit solutions for companies serving the small business market, has entered a strategic partnership with Zurich American Insurance Company, a Zurich U.S. subsidiary, to provide small...
St. Paul Completes Australian Acquisition
Oct 10 2000 // The St. Paul International Insurance Co., a subsidiary of The St. Paul Companies, announced that it had completed the purchase of Australia Pacific Professional Indemnity Insurance Co.,Ltd.(APPIIL), enlarging the...
Munich American Re To Acquire CNA Life Re
Oct 9 2000 // Munich American Re (MARC), the U.S. subsidiary of Munich Re, announced plans to acquire by retrocession the reinsurance life business of Chicago based CNA Financial Corp., CNA Life Re and Agora Re.com for an undisclosed...
Fortis Set To Acquire Dutch Insurer
Oct 9 2000 // Fortis, the Belgian Dutch banking insurance and financial services group, is set to acquire Holland’s ASR Verzekeringsgroep, one of the country’s largest insurers, through a public cash and stock offering. ASR...
Esurance Acquired by Folksamerica Holding
Oct 9 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,”...
GuideOne to Shed Recent Acquisitions; Former Owners to Repurchase Companies
Oct 9 2000 // Just 10 months after selling his company to Des Moines, Iowa-based insurer GuideOne, Clifton Robinson is buying it back. Robinson, the previous owner of National Lloyds Insurance Co. in Waco, Tex. signed a definitive...
Allianz Completes Acquisition of Dutch Insurer from Hartford
Oct 6 2000 // AGF, the French subsidiary of Germany’s Allianz, announced that it had completed the acquisition of Dutch insurer Zwolsche Algemeene N.V.(ZANV) from the Hartford International Financial Services Group, substantially...
And The Winner Is… U.K. Acquisitions
Oct 3 2000 // After months of speculation Scottish Life announced that it has agreed to be acquired by fellow U.K. mutual insurer Royal London for £1.1 billion ($1.62 billion). The announcement ends speculation that other companies,...
Brown & Brown Acquires Calabasas Agency
Oct 3 2000 // J. Hyatt Brown, chairman, president and CEO of Brown & Brown,Inc. and Vincent Lee Lopez, Principal of DSD Insurance Agency, of Calabasas, California, today announced the acquisition of DSD Insurance Agency by Brown...
GuideOne to Shed Recent Acquisitions; Former Owners to Repurchase Cos.
Sep 29 2000 // Just 10 months after selling his company to Des Moines, Iowa-based insurer GuideOne, Clifton Robinson is buying it back. Robinson, the previous owner of National Lloyds Insurance Co. in Waco, Tex. signed a definitive...
Partnership Aims to Make ‘Black Box’ Analysis Available for Auto Insurance
Sep 28 2000 // Claims Injury Sciences LLC announced an agreement to integrate its flagship product, WrExpert(tm) accident and injury analysis software, with Vetronix Corporation Crash Data Retrieval System, which allows crash data to be...
Summit Global Partners Raises Additional Capital
Sep 27 2000 // Summit Global Partners has raised $17.5 million in equity capital, led by Securitas Capital and including Austin Ventures and Mellon Ventures. This latest round of financing brings Summit Global Partners’ total...
Canada Life Launches Joint Venture in India
Sep 25 2000 // Canada Life announced that it has formed a joint venture with Centurion Bank Ltd, TCFC Finance Ltd. of Mumbai and the ARDEE group of New Delhi to establish Canada Centurion Assurance Company in India. Under newly...
White Mountains to Buy CGNU U.S. Unit
Sep 25 2000 // White Mountains Insurance Group has agreed to buy the U.S. property casualty operations of British insurer CGNU Group for $2.1 billion. The Hanover, N.H-based insurer is also expected to pay $500 million in debt owed by...
Report Lloyd’s/IUA Forming Joint Venture With Tech Firm
Sep 25 2000 // A report in the Times of London indicates that the joint Lloyd’s/ IUA (International Underwriting Association) Forum, set up last year to explore ways of harmonizing procedures between the two groups and making the...
HRH Acquires Maryland Agency
Sep 25 2000 // Hilb, Rogal and Hamilton Co. announced the signing of a definitive agreement to purchase all of the outstanding stock of Insurance One, Inc., a full-service insurance agency in Rockville, Maryland. The transaction is...
Northeast Pennsylvania Financial Corp. to Acquire Higgins Insurance Agency
Sep 22 2000 // Northeast Pennsylvania Financial Corp. and Higgins Insurance Associates, Inc. have signed a letter of intent for Northeast to acquire Higgins Insurance Agency. The transaction is subject to certain rights of first refusal...
Everest Re Group Completes Gibraltar Acquisition
Sep 20 2000 // Everest Re Group, Ltd.’s U.S. subsidiary Everest Reinsurance Holdings, Inc. has completed the acquisition of Gibraltar Casualty Company from The Prudential Insurance Company of America. The acquisition price of $51.8...
