Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
France Telecom Set To Acquire Orange
May 30 2000 // After protracted negotiations, France Telecom (FT) and Vodafone AirTouch have agreed to terms for the French telecommunications giant to acquire Orange Plc., the U.K.’s third largest mobile phone provider. Vodafone,...
Leucadia Set to Buy Reliance Group
May 26 2000 // Leucadia National Corp. is set to buy struggling insurer Reliance Group Holdings Inc. in a stock swap valued at $293 million. The deal will result in Reliance stockholders receiving roughly 0.11 share of Leucadia common...
SINSER Buys U.K. Risk Management Group
May 24 2000 // SINSER Holding AB, part of Sweden’s Skandia Group, announced that it has acquired Risk & Insurance Research Group Ltd.(RIRG) of London for an undisclosed price. The move underlines Skandia’s strategic...
First Media Partners With SAFECO
May 23 2000 // First Media Insurance Specialists has recently become the media liability program administrator for SAFECO Property and Casualty Companies. First Media policies offer seamless coverage against known and unforeseen media...
CoverageCorp.com Partners with BizLand.com, BuyerZone.com
May 23 2000 // CoverageCorp.com, an Internet provider of property and casualty insurance coverage for small and medium-sized businesses, has made online marketing agreements with two key business marketplace portals, BizLand.com and...
Frontier Insurance Group Sells Regency Insurance Co.
May 19 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...
ebix.com Partners With insuranceOrder.com
May 19 2000 // ebix.com Inc. has entered into a partnership with insuranceOrder.com, the Internet one-stop insurance information and purchasing destination, to offer customers an end-to-end browsing to buying experience for auto...
Kingsway Acquires Long-Haul Trucking Renewal Rights
May 18 2000 // Kingsway General Insurance Co., a subsidiary of Kingsway Financial Services, has acquired the renewal rights for AXA Canada subsidiaries’ long-haul trucking portfolio in Canada. The portfolio, made up of fleet...
EDS Withdraws Acquisition Offer for Policy Management Systems
May 16 2000 // Plano-based Electronic Data Systems Corp. has withdrawn its offer to buy Policy Management Systems Corp. for $700 million. The announcement, which came after EDS examined the insurance software company’s confidential...
PartnerRe/SCOR Finalize Life Reinsurance Sale
May 16 2000 // Confirming the plans revealed last month, Bermuda’s PartnerRe said that it had reached agreement on the terms for the acquisition of its U.S. subsidiaries, PartnerRe Life Insurance Co., Republic Vanguard Life...
ST. PAUL SELLS
May 15 2000 // The St. Paul Companies has completed the sale of its nonstandard auto insurance business to the Prudential Insurance Company of America. Prudential purchased the nonstandard auto insurance business marketed under the...
E-Z ACQUISITION
May 15 2000 // Efinancial depot.com has signed a letter of intent to acquire eZnow insurance.com, a Web page that offers a wide range of insurance services online, including life, home, rental, commercial, auto, boat, casualty and health...
Flea Markets are No Place to Buy (or Sell) Insurance
May 15 2000 // Nevada’s Division of Insurance (DOI) state officials uncovered a scam in which flea marketers in Clark County were selling proof-of-auto insurance cards for $100 a piece. According to Betty Baker, insurance counsel...
Citigroup Set To Acquire Majority Interest In Polish Bank
May 12 2000 // Citibank, the banking unit of Citigroup, has received permission from Polish banking regulators to acquire up to a two thirds stake in Bank Handlowy, Poland’s largest corporate lender, and would have between 50 and...
