Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Fortis Sells Australian Unit to CGNU
Jun 15 2001 // Australia’s AMP confirmed ongoing rumors that it would sell its general insurance business by closing a deal the Queensland-based insurance and financial group Suncorp Metway Ltd., which agreed to buy all its holding...
Fortis Sells Australian Unit to CGNU
Jun 14 2001 // The Belgo-Dutch financial services group Fortis announced the sale of its Australian property insurance unit to the U.K.’s CGNU for € 205 million ($379 million) in cash. Fortis indicated that, while profitable,...
NetInsurance.com Announces 5 New Online Partnerships
Jun 13 2001 // Online insurance agency NetInsurance.com announced partnership agreements with five websites: BuyerZone.com, Business.com, MostChoice.com, Private Business Inc. and AIAPonline. Through its proprietary platform, San...
HNC Software Acquires EDI Reporting Software for Workers’ Comp from ecDataFlow.com
Jun 12 2001 // San Diego-based HNC Software Inc., a provider of Customer Insight software, has acquired the workers’ compensation compliance reporting products and related customer base of ecDataFlow.com Inc. The agreement is...
ProcessClaims Completes Partnership with CSi Complete
Jun 7 2001 // ProcessClaims, an Internet claims solutions provider, formed a partnership with Ohio-based, CSi Complete, a Customer Satisfaction Indexing provider to the collision claims industry. ProcessClaims and CSi Complete...
Alliant Resources Group Acquires Robert F. Driver Company
Jun 6 2001 // The insurance brokerage and financial services distribution company Alliant Resources Group Inc. announced its acquisition of San Diego-based Robert F. Driver Co. Inc., one of the largest independent insurance brokerage...
CNA and MarketScout Partner to Target Independent Agents
Jun 5 2001 // Capitalizing on CNA’s underwriting skills and MarketScout’s eInsurance distribution system, the two companies will provide independent agents access to a broad array of CNA products via MarketScout’s...
National Financial Partners, Nemco Brokerage Acquire Group Business
Jun 4 2001 // National Financial Partners Corp. and New York City-based Nemco Brokerage, Inc. (Nemco), a group benefits brokerage and insurance firm, announced their joint acquisition of the group insurance business formerly owned by a...
CGU Acquired by White Mountains, Changes Name to OneBeacon
Jun 4 2001 // Company executives representing CGU Insurance Group had reason to smile June 1 at the 50th Annual “I” Day in San Diego. Not only were they representing their company, but they were unveiling a new name and a...
e-Sher Underwriting Managers Partners With Global Risk Exchange
Jun 1 2001 // Sherwood Insurance Services’ proprietary facility, e-Sher Underwriting Managers, has partnered with Global Risk Exchange, a secure, online insurance supply chain platform which aims to streamline the entire...
AEGON To Issue $1.5 Billion In Stock To Fund J.C. Penney Acquisition
May 31 2001 // Holland’s AEGON N.V. announced that it will issue 55 million new ordinary shares, thereby increasing its capital by around 4 percent, in order to raise an estimated $1.5 billion “to finance the acquisition of...
Acceptance Insurance Companies Inc. Acquires Assets
May 29 2001 // Acceptance Insurance Companies Inc. and IGF Insurance Company came to terms on a definitive agreement for American Agrinsurance and other Acceptance affiliates to buy the crop insurance assets of IGF Insurance Company for...
InsurePoint, nekema.com Announce Merger Plans
May 24 2001 // The property/casualty insurance e-commerce companies InsurePoint and nekema.com announced their intention to merge. The new company will adopt the InsurePoint brand for its insurance offerings and will target the leading...
Winterthur To Buy CGNU’s Belgian P/C Business
May 22 2001 // Winterthur, the insurance arm of Credit Suisse Group, has agreed to purchase CGNU’s Belgian p/c business for €117 million ($102.65 million). The acquisition would make Winterthur the fifth largest Belgian p/c...
Marshall & Swift Merger with E.H. Boeckh and DDS Completed
May 22 2001 // Marshall & Swift, a publisher and source of building cost data and services to the insurance industry, announced the completion of its merger with E.H. Boeckh, a supplier of building cost information, and Digital...
AIG TO BUY AM GEN
May 21 2001 // American International Group Inc. came to an agreement under which it will buy American General Corporation in a estimated $24.6-billion transaction, which was approved by the boards of directors of both companies....
ARGONAUT ACQUIRES FRONT ROYAL
May 21 2001 // In a move to expand its specialty insurance services, Argonaut Group Inc. signed a definitive agreement to acquire Morrisville, N.C.-based Front Royal Inc. for $165 million in cash. Argonaut stated the purchase should add...
ESURANCE, CCCU PARTNER
May 21 2001 // Esurance Inc., a national quote-to claims Internet-based provider of personal automobile insurance, and California Coast Credit Union, one of San Diego’s largest credit unions, formed a partnership to offer its...
ALLSTATE BUYS REPAIR STORES
May 21 2001 // The Allstate Corp. announced its acquisition of Sterling Collision Centers Inc., which operates a network of 39 auto collision repair stores in seven states and nine metropolitan locations. The Sterling brand and...
WELLS FARGO BUYS ACORDIA PARENT
May 21 2001 // Wells Fargo & Company announced the acquisition of ACO Brokerage Holding Corporation, parent company of Acordia Inc. Acordia and Wells Fargo Insurance will be the nation’s fifth largest insurance agency and the...
