Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
iwix.net Announces Partnerships with Five MGAs
Jun 26 2000 // iwix.net, an Internet specialty insurance marketplace, has announced partnerships with five major Managing General Agencies (MGAs), who will be offering specialty products on the site. RA&MCO (representing Great...
ACQUISITION HUNT
Jun 26 2000 // Arthur J. Gallagher & Co. has completed four insurance agency acquisitions, purchasing Davis-Poston & Assoc. of Dallas; Bultman/Bell Associates of Greenville and Columbia, S. C.; Universico Group of St. Claire...
ASSURANCE PARTNERS BANK OPENS
Jun 26 2000 // Assurance Partners Bank, a specialized bank founded by the insurance industry to provide banking products and services to insurance companies and their customers, employees and agents, is open and ready for business. The...
AXA Subsidiaries To Buy Institutional Fund Manager
Jun 22 2000 // AXA Financial, Inc. (AXF) and Alliance Capital Management L.P. (AC), both U.S. based subsidiaries of France’s AXA Group, have entered into an agreement to acquire substantially all of the assets and liabilities of...
Reliance Sells Off Lines To The Hartford, Kemper
Jun 22 2000 // The following day, Kemper announced it would acquire the renewal rights to a portion of Reliance National’s book of business. Meanwhile, Standard & Poor’s has lowered its ratings on Reliance and related...
Royal Bank of Canada To Buy Liberty Insurance Units
Jun 20 2000 // South Carolina’s Liberty Corp. announced that it plans to sell its insurance units, which include Liberty Life Co. and Liberty Insurance Services Corp., to Toronto based Royal Bank of Canada for a reported $650...
Computer Sciences to Buy Mynd for $568 Million
Jun 20 2000 // Computer Sciences Corp. has agreed to buy Mynd, formerly Policy Management Systems Corp., for $568 million in an all-cash deal. The purchase is expected to enhance CSC’s ability to serve insurance and financial...
ING – Aetna End Exclusive Acquisition Discussions
Jun 19 2000 // Once again discussions between Dutch bancasssurer ING and the U.S. largest health care insurer, Aetna, seem to have reached an impasse with Aetna’s announcement that it was talking to other interested parties as well...
CGNU Forms Investment Partnership With Government For China
Jun 19 2000 // CGNU and the U.K. government’s CDC Capital Partners, its emerging market investment agency (formerly the Commonwealth Development Corporation), announced the creation of an investment fund of up to $100 million in...
Old Mutual To Buy United Asset Management
Jun 19 2000 // South Africa’s largest life insurance and pension fund manager, Old Mutual Plc, which despite the name is a stock company, as it demutualized last year, has agreed to purchase U.S. fund manager United Asset...
Reliance Sells Off Three Lines To The Hartford
Jun 19 2000 // First, the company’s chief executive stepped down amid pressure from stockholders. Then, the company’s surety group withdrew its proposal for an initial public offering. Then sprung up reports of the company...
Assurance Partners Bank Opens
Jun 13 2000 // Assurance Partners Bank, a specialized bank founded by the insurance industry to provide banking products and services to insurance companies and their customers, employees and agents, is open and ready for business. The...
Arthur J. Gallagher Co. Acquires Four Agencies
Jun 12 2000 // Arthur J. Gallagher & Co. has completed four insurance agency acquisitions, purchasing Davis-Poston & Assoc. of Dallas; Bultman/Bell Associates of Greenville and Columbia, S. C.; Universico Group of St. Claire...
iwix.net Receives $5 Million in VC Funding
Jun 12 2000 // iwix.net, a specialty insurance portal, has secured $5 million in first round venture capital funding. All of the funding is coming from one source, Quester. Quester’s investment strategy is to back businesses that...
Millenium Holding Group Inc. Announces Acquisition of Insurance Agency
Jun 7 2000 // Millenium Holding Group Inc. of Lincoln, Neb. has acquired Stanford Life Insurance, a Lincoln-based licensed insurance agency, from Richard Ham, Millenium president as well as the beneficial owner of the majority of...
ISO Acquires IMR Corp.
Jun 6 2000 // Insurance Services Office Inc. has acquired IMR Corp., a leading provider of marketing information, consulting and strategic analyses to insurers, risk managers, brokers and large insurance agents. IMR provides customers...
SAFECO PARTNERSHIP
Jun 5 2000 // First Media Insurance Specialists has recently become the media liability program administrator for SAFECO Property and Casualty Companies. First Media policies offer coverage against known and unforeseen media liabilities...
FRONTIER SELLS REGENCY
Jun 5 2000 // Frontier Insurance Group has entered into a definitive agreement to sell Regency Insurance Company to Tomoka Re Holdings Inc., an affiliate of Tower Hill Insurance Group. Located in Charlotte, N.C., Regency underwrites...
Fitzhugh & Co. Agency Sells to Former National Lloyds COO
Jun 5 2000 // One of Texas’ oldest insurance agencies, created by one of the founding fathers of the association now known as the Independent Insurance Agents of Texas, has been sold by the founder’s 83-year-old grandson,...
U.S. Ex-Im Bank, Citigroup Partner
Jun 2 2000 // Under the planned agreement, Citigroup will share the Ex-Im Bank’s risks, providing its own capital and guarantees. Ex-Im Bank advertised for the partnership in February, receiving eight proposals from commercial and...
