Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Royal Bank, CGNU Insurance Agree On Joint Venture
Jul 17 2000 // Royal Bank of Scotland said on Monday it would form a joint venture with British insurer CGNU Plc involving the insurance businesses of Royal Bank and its recent acquisition, NatWest. Royal Bank said CGNU would pay $900...
Wilmington Partners with Zurich U.S.
Jul 17 2000 // Wilmington Insurance Company, the only wholly owned minority property and casualty insurer in the U.S., announced it has entered into an agreement with Zurich U.S. The agreement will provide rail insurance buyers,...
Sky Financial Completes Acquisition of Meyer & Eckenrode
Jul 14 2000 // Sky Financial Group has completed the acquisition of Meyer & Eckenrode Insurance Group, a full service insurance agency providing a wide array of property, casualty, surety, professional liability, health, life and...
Kemper Solutions Aligns with Castlebridge Partners
Jul 13 2000 // Kemper Solutions has entered into a strategic alliance with Castlebridge Partners to jointly develop risk management products and services that combine insurance and capital market features. Kemper Solutions, a unit of...
Old Kent Acquires Kehoe-Nedrud Agency
Jul 11 2000 // Old Kent Insurance Group has acquired the Kehoe-Nedrud Agency, a privately owned agency based in Kalamazoo, Mich. Terms of the purchase were not disclosed. “This acquisition affords Old Kent Insurance Group continued...
Vesta Insurance Group Completes $25 Million Acquisition of American Founders Financial Corporation
Jul 10 2000 // Vesta Insurance Group has acquired a controlling interest in American Founders Financial Corporation. The transaction will be immediately accretive to Vesta’s third-quarter earnings per share. According to previously...
Hibbs-Hallmark & Co. Acquires Assets of Lambert Fenchurch from Richard Kerr
Jul 10 2000 // Hibbs-Hallmark & Co. of Tyler has assumed the assets and client base of the former Lambert Fenchurch of Texas from Richard Kerr Acquisitions for an undisclosed amount. Kerr acquired the Texas retail insurance...
OVERSEAS TO BUY RELIANCE RE
Jul 10 2000 // Bermuda-based Overseas Partners Ltd (OPL) has agreed to acquire Reliance Reinsurance Co. from Reliance Insurance Co., but will not assume the existing liabilities of either company. The amount paid by OPL has not been...
OPL TO BUY RELIANCE RE
Jul 10 2000 // Bermuda-based Overseas Partners Ltd. (OPL) has agreed to acquire Reliance Reinsurance Company from Reliance Insurance Co., but will not assume the existing liabilities of either company. The amount paid by OPL hasn’t...
Australian Westpac Eyes Acquisition Opportunities
Jul 7 2000 // Sydney-based Westpac Banking Corp. is reviewing possibilities of acquiring insurance and funds management businesses. “We certainly remain excited about opportunities in bancassurance, as we feel it represents the...
Hilb, Rogal and Hamilton Co. Acquires Red Hawk Insurance Services
Jul 6 2000 // Hilb, Rogal and Hamilton Company has acquired substantially all of the operating assets of Red Hawk Insurance Services, Inc., an insurance agency in San Diego, Calif. Terms of the transaction were not disclosed. In...
Hub Acquires Boston Insurance Agency
Jul 5 2000 // The Hub Group Limited has completed the acquisition of C.J. McCarthy Insurance Agency Inc. of Boston, Mass. The annual commission revenue of C.J. McCarthy Insurance Agency Inc. is $12 million. The Hub Group Limited is an...
Overseas Partners Ltd. To Purchase Reliance Re
Jul 3 2000 // Bermuda based Overseas Partners Ltd (OPL) has agreed to acquire Reliance Reinsurance Company from Reliance Insurance Co., but will not assume the existing liabilities of either company. The amount paid by OPL hasn’t...
Century Business Sells Insurance Division to Consortium
Jun 29 2000 // Century Business Services (CBIZ) has agreed to sell its risk-bearing insurance operations to a consortium of financial entities for $31 million, contingent upon regulatory approval. The consortium, made up of Avalon...
Holocaust Issues Delay Munich Re Acquisition
Jun 26 2000 // A ruling by the Pennsylvania Supreme Court will further delay Munich Re subsidiary, American Re’s purchase of Pennsylvania based asset management company, United National Group. A lower court judge had ordered the...
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...
