Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Fiserv Buys Boerne Insurance Administrator
Jan 9 2001 // Fiserv Insurance Offerings has acquired Benefit Planners, a third-party provider of administrative services for employee benefit programs. Terms of the agreement were not disclosed. Benefit Planners will continue...
Zurich Acquires Stake in New China Life
Jan 8 2001 // Zurich Financial Services announced that it has acquired a 10 percent stake in China’s fourth largest life insurance company, New China Life, for $ 39 million. Zurich is part of a group of investors which includes...
Community First Acquires Wyoming, Minnesota Agencies
Jan 8 2001 // Community First Bankshares, has acquired insurance agencies in Wyoming and Minnesota through its affiliate, Community First Insurance Agencies, Inc. The acquisition of Barnard Insurance Agency, with offices in Casper and...
Kemper Acquires Majority Interest in Service Net
Jan 8 2001 // Kemper Insurance Cos. has acquired 51 percent interest in Service Net, aligning the Louisville, Ky., company’s warranty and service management expertise with Kemper’s insurance and risk management...
Munich Am Re Closes CNA Life Re Acquisition
Jan 5 2001 // Munich American Reassurance Company, a wholly owned subsidiary of Germany’s Munich Re, has completed the previously announced purchase of CNA Financial Corporation’s life insurance business, CNA Life Re and...
Vesta Insurance Financial Overhaul Includes Acquisitions, Company Stock for Agents
Jan 5 2001 // Vesta Insurance Group Inc. is planning four separate transactions, the centerpiece of which is two acquisitions that will enable Vesta to offer a wider range of personal lines insurance products. Vesta also intends to...
Crum Forster Acquires Transnational Insurance
Jan 5 2001 // Crum&Forster has acquired from PXRE Corporation its excess and surplus lines subsidiary, Transnational Insurance Company. All pre-acquisition business and liabilities of Transnational, to be renamed Crum &...
AXA Completes Acquisition of AXF Minority Shares
Jan 4 2001 // As of January 2 AXA Financial Inc., officially ceased to be an independent company and became a wholly owned subsidiary of its French parent The AXA Group. Its shares are no longer listed on the NYSE. AXF, the...
Donegal Completes Acquisition of Pioneer
Jan 4 2001 // Donegal Group Inc. has completed the acquisition of Pioneer Insurance Co., which is headquartered in Greenville, New York, from Donegal Mutual Insurance Company effective January 1, 2001. The purchase price will be equal...
Gallagher Completes Agency Acquisitions
Jan 4 2001 // Arthur J. Gallagher & Co. has completed two acquisitions: Persing, Dyckman & Toynbee Inc., of Tacoma, Washington, and Castle Insurance Associates Inc. of Boston. Terms of the transactions were not...
Chiyoda, Kyoei Liabilities Threaten AIG, Prudential Acquisitions
Dec 29 2000 // New revelations of the parlous financial condition of two Japanese Life Companies, Chiyoda and Kyoei, both of whom have filed for bankruptcy protection, puts into question the previously announced plans of American...
CGNU Sells Canadian Life Units
Dec 27 2000 // In accordance with its plans to concentrate on p/c insurance in Canada, CGNU, the U.K.’s largest p/c insurer, announced the sale of two Canadian life units. Manulife Financial has acquired the former CGU subsidiary...
Everest Re Acquires AFC Re
Dec 26 2000 // Everest Reinsurance (Bermuda) Ltd., a subsidiary of the Everest Re Group announced that it has “acquired AFC Re Ltd., a Bermuda based annuity/life reinsurer, from AFC Holdings Ltd. for approximately $17 million in a...
ISO to Acquire Claims Outcome Advisor
Dec 26 2000 // Insurance Services Office has entered into an agreement with Computer Sciences Corp. based in El Segundo, Calif. And Mynd Corp., based in Columbia, S.C., to acquire Claims Outcome Advisor, a bodily-injury claims-management...
AXA, AXA Merger Complete Exchange Offer for AXA
Dec 26 2000 // AXA and its wholly owned subsidiary, AXA Merger Corp. have completed their exchange offer for all outstanding shares of common stock of AXA Financial, Inc., other than shares owned by AXA and its subsidiaries and shares...
AGF Completes Acquisition of Hartford’s Dutch Subsidiary
Dec 26 2000 // The Hartford has completed the previously announced sale of its Dutch subsidiary Zwolsche Algemeene to AGF, the French arm of Germany’s Allianz, for €599 million ($551 million). Zwolsche wrote €383 million...
Equitable Sells Unit to Liverpool Victoria
Dec 26 2000 // Troubled British Mutual Insurer Equitable Life announced that it has sold its Permanent Insurance Unit to another U.K. mutual Liverpool Victoria for £150 million ($222 million). The move comes as pressure rises on...
ING To Acquire 35% Interest in Japanese Finance Company
Dec 21 2000 // Holland’s ING Group announced plans to acquire a 35 percent interest in the mid-sized Japanese financial services company Nice Co. for between $17.7 and $26.6 million, and will become its largest shareholder. The...
Allianz May Acquire Stake in Czech Insurer
Dec 21 2000 // Germany’s Allianz is in talks with the Czech government concerning the acquisition of its 30 percent holding in the country’s biggest insurance group, Ceska Pojistovna. The move would further strengthen...
High River Affiliate to Buy Reliance Group Bonds
Dec 19 2000 // Affiliates of High River LP plan to buy about $61 million of bonds issued by Reliance Group Holdings. The affiliates are making a tender offer in order to block any debt restructuring plan it considers unacceptable should...
