Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Banking Consortium to Acquire Two Virginia Agencies
Aug 24 2000 // The Virginia Bankers Insurance Center, a 67-bank consortium established in 1999 to enter the insurance agency business, has announced plans to acquire the Wytheville, Virginia-based Blue Ridge Insurance Group and the...
Zurich Global Energy Acquires Energy Business from CNA Division
Aug 22 2000 // Zurich Global Energy, the energy unit of Zurich Financial Services Group, and All American Marine Slip, a unit of MOAC, the ocean marine arm of CNA, announced today the transfer of a substantial part of AAMS’...
ACE Acquires 51% Ownership of Egyptian-American
Aug 18 2000 // ACE International, ACE Limited’s international operations division, has acquired a 51 percent interest in Egyptian American Insurance Co.(EAIC) in partnership with Egypt’s Commercial International Investment...
WebCE, DMR Assoc. Partner to Offer CE Courses
Aug 18 2000 // WebCE, a provider of Internet-based continuing education courses tot he insurance industry, has partnered with DMR & Assoc., Inc., a Plano provider of lead and recruiting solutions to the insurance and banking...
AIG to Acquire HSB Group
Aug 18 2000 // American International Group, Inc. and Hartford Steam Boiler Group, Inc. (HSB) have entered into a definitive agreement whereby AIG will acquire 100 percent of the outstanding stock of HSB Group. HSB stockholders will...
Prudential Buys into Taiwan Fund Manager
Aug 16 2000 // Prudential Insurance Co of America has agreed to acquire a majority stake in Taiwan’s asset management firm, MasterLink Securities Investment Trust Enterprise, for $95 million. Douglas Fergusson, president and chief...
PAULA Financial Announces Reinsurance Partnership With Hannover
Aug 14 2000 // PAULA Financial announced that PAULA Insurance Company (PAULA) has entered into a prospective quota share reinsurance agreement with the Insurance Corporation of Hannover (ICH). The treaty terms allow for a variable...
Hartford Life Buys Mexican Interests
Aug 8 2000 // Hartford Life, a leader in retirement funding in the United States, has reached an agreement with Seguros DFI and Fianzas DFI of Mexico City to acquire a controlling interest in the two companies and sell life insurance...
InServe Subsidiary Partners with insureon.com
Aug 8 2000 // iCorp.com, the technology subsidiary of InServe Corp., has partnered with insureon.com to offer real-time insurance products to agents and brokers through insureon.com’s interactive web site. InServe provides a full...
CoverageCorp., Accounting Association Form Partnership
Aug 7 2000 // Access CoverageCorp. has formed a strategic partnership to deliver insurance products and services to members of the Association of Independent Accounting Professionals and their clients. The co-branding partnership is the...
Shinsei Bank Favorite to Acquire Japan’s Failed Daiichi Mutual
Aug 3 2000 // Japan’s Daiichi Mutual Fire & Marine Insurance Co., which collapsed in May, will most likely be purchased by Shinsei Bank, industry sources told Kyodo News Service Thursday. The two companies will try to come up...
First Security Shareholders Approve Wells Fargo Merger
Aug 1 2000 // Under the terms of the agreement, approved by the boards of both companies, First Security stockholders will receive 0.355 of a share of Wells Fargo common stock in exchange for each share of First Security common stock....
ReliaStar Shareholders Approve ING Acquisition
Jul 28 2000 // ReliaStar Financial Corp. shareholders have approved the proposed acquisition of ReliaStar Financial and its family of companies by ING Groep N.V., a global integrated financial services company based in Amsterdam. As...
MARKETSCOUT SECURES FUNDING
Jul 24 2000 // MarketScout, a Dallas-based e-commerce company specializing in the distribution of property and casualty insurance products, has received funding from High Ridge Capital Partners. MarketScout provides independent insurance...
Travelers To Buy Reliance Middle-Market Account
Jul 24 2000 // Travelers Insurance has reached an agreement in principle with Reliance Group Holdings to purchase the renewal rights to a portion of Reliance Insurance Group’s commercial lines middle-market book of...
Zurich Buys Stake in Anglo SA Eagle
Jul 20 2000 // Anglo American sold its 25 percent stake in SA Eagle Insurance Co. Wednesday to Zurich Financial Services for $56 million cash. Zurich already holds a controlling 58 percent of Eagle. The deal is part of Anglo...
Ilife.com Sells Insurance Unit
Jul 20 2000 // Ilife.com announced today the sale of its online insurance business, Professional Direct Agency Inc. (Pivot), to a financial services institution for $4.35 million in cash. “We are on the steady path to...
Lloyd’s of London Sells Aviation Unit to Charles Taylor
Jul 19 2000 // Charles Taylor Group has acquired the business of Lloyd’s Aviation, the second largest of its kind in the London market with 30 percent of business volumes for $3.89 million. The deal is a further step in the...
London American Announces Acquisition of WSIB
Jul 18 2000 // Effective July 1, San Diego-based London American General Agency acquired WSIB, a wholesale brokerage that specializes in the motor sports and transportation area. The WSIB motor sports program offers coverage specifically...
MarketScout Secures Investor Funding
Jul 18 2000 // MarketScout, a Dallas-based e-commerce company specializing in the distribution of property and casualty insurance products, has received funding from High Ridge Capital Partners. MarketScout provides independent insurance...
