Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ING/ReliaStar Acquisition – Further Details, Possible Delay
May 2 2000 // ING’s acquisition of life insurer ReliaStar has caused some immediate comments and reactions. Connecticut officials, reiterating their position taken when ING made a bid for Aetna, stated that unpaid Holocaust...
ING Confirms Acquisition of ReliaStar For $6.1 Billion
May 1 2000 // Confirming rumors that started last Thursday, ING, the Dutch financial services group, announced today that it had entered into an agreement to acquire Minneapolis-based ReliaStar, the 8th largest publicly held life...
Mergers, Acquisitions All Too Often Accompanied by Lawsuits
May 1 2000 // Along with the skyrocketing merger and acquisition activity during recent years, has come a general, albeit not unanimous, perception of a corresponding increase in M&A-related lawsuits-especially in...
Mergers & Acquisitions
May 1 2000 // Brown & Brown, Cornwall & Stevens In an effort to increase its strength in the agriculture area, Brown & Brown Inc. recently acquired nearly all of the assets of Cornwall & Stevens Southwest. Cornwall...
Talks Prolonged on London/Frankfurt Stock Exchange Merger
Apr 28 2000 // The ongoing negotiations between London and Frankfurt to merge their stock exchanges have apparently reached a critical stage. The management and the supervisory boards of the Frankfurt Exchange were set to meet today and...
Berkshire to Acquire U.S. Investment Corp.
Apr 28 2000 // Berkshire Hathaway has agreed to buy U.S. Investment Corp., an insurance holding firm based in Wayne, Pa. Terms of the agreement were not disclosed. U.S. Investment, along with its three insurance firms, United States...
Fairfax to Acquire Seneca Insurance
Apr 27 2000 // Fairfax Financial Holdings Ltd. has made an agreement for its Crum & Forster subsidiary to acquire Sen-Tech International Holdings, the holding company of Seneca Insurance Co. for $65 million. Seneca, headquartered in...
Oneida Financial to Acquire New York Insurance Agency
Apr 26 2000 // Oneida Financial Corp., the parent company of The Oneida Savings Bank, has signed a letter of intent to acquire Bailey and Haskell Associates, an insurance agency located in central New York. Bailey and Haskell Associates...
CGU, Quester Form E-Commerce Partnership
Apr 26 2000 // CGU, the U.K.’s largest insurer, has agreed to establish an investment fund in partnership with the venture capital firm Quester Group. CGU will provide the funds, up to £20 million ($32 million) initially, to look...
American Safety Sues to Rescind Acquisition
Apr 25 2000 // American Safety Insurance Group has filed a lawsuit to rescind its previously announced acquisition of a Michigan insurance agency and two related insurance companies specializing in insurance program business. In January,...
We Media, Kaye Group Partner for Online Insurance Channel
Apr 25 2000 // We Media, a multimedia company designed specifically for the estimated 54 million Americans with disabilities, their families and their friends, has selected KinsuranceCenter.com, the online subsidiary of Kaye Group Inc.,...
Frost to Acquire Neiman Hanks Puryear
Apr 24 2000 // Frost Insurance Agency, a subsidiary of San Antonio-based Frost National Bank, may soon acquire one of the largest independent insurance agencies in Austin. Nieman Hanks Puryear Partners and Nieman Hanks Puryear Benefits,...
PARTNER RE TO SELL SCOR
Apr 24 2000 // Bermuda-based PartnerRe has reached an agreement with France’s SCOR Group to sell its U.S. life reinsurance business, PartnerRe Life Insurance Company of the U.S., and its subsidiaries Vanguard Life Insurance Co.,...
Conseco to Acquire Fortis Long-Term Care Distributor
Apr 18 2000 // Conseco has signed an agreement to acquire from Fortis the Associated California State Insurance Agencies Inc. and its sister company, Ardtel Insurance Service Inc. ACSIA and Conseco have a long-standing relationship in...
ING Completes Acquisition Agreement with Mexico’s Savia
Apr 17 2000 // Dutch financial and insurance giant ING Groep announced that it has completed a long-term partnership arrangement with Mexico’s Savia. As previously announced in February, ING will acquire up to a 49 percent stake in...
BenefitMall.com Completes Acquisition
Apr 17 2000 // BenefitMall.com has completed its acquisition of two units of the Mather Cos., a general agency and third party administrator of employee benefit programs. “This acquisition is an important one for us as it...
HNC Software Acquires Celerity Technologies
Apr 17 2000 // HNC Insurance Solutions, a wholly owned subsidiary of San Diego-based HNC Software Inc. recently acquired Celerity Technologies, a provider of connectivity and value-added networks which support claims processing for the...
lmonda Acquires World Access
Apr 14 2000 // The Elmonda Group has acquired the American assistance and travel insurance group World Access Inc. The acquisition in the U.S. market strengthens the position of the combined Swiss company Elvia Travel and the French...
European Commission Clears CGU Norwich Union Merger
Apr 14 2000 // The pending merger of U.K. Insurers CGU and Norwich Union was approved by the European Commission, and will accordingly proceed on schedule. The two companies hope to finalize all details for the creation of CGNU, by the...
PartnerRe to Sell U.S. Life Operations to SCOR
Apr 13 2000 // Bermuda-based PartnerRe announced that it has reached an agreement with France’s SCOR Group to sell its U.S. life reinsurance business, PartnerRe Life Insurance Company of the U.S., and its subsidiaries Vanguard Life...
