Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Alea Group Announces Completion of Seven Hills Acquisition
Jul 20 2001 // The Alea Group recently received approval from the State of New York Insurance Department to acquire Seven Hills Insurance Company. Upon the approval, Alea completed the transaction with Great American Insurance Company on...
AEGON Canada Set to Acquire Money Concepts
Jul 18 2001 // AEGON Canada Inc., a member of the international AEGON Group and the parent company of Transamerica Life Canada, reached an agreement to acquire 100 percent of the shares of National Financial Corporation, the parent...
Fortis Keeps Mum on Possible Merger Talks
Jul 18 2001 // Dutch-Belgian financial group Fortis is not commenting on renewed rumors that it is in merger talks with Britain’s Lloyds TSB and analysts said it would not want to enter any partnership as the junior member,...
Insurance.com Announces Online Marketing Partnerships
Jul 17 2001 // Insurance.com(SM), a Fidelity Investments company, announced a series of strategic online marketing agreements with AOL-Time Warner (AOL), Bloomberg, Bankrate (RATE), Yahoo! (YHOO), Multex (MLTX), and Learning...
TRADEPAQ, CNA Partner to Expedite Global Trade Transactions For Ocean Shipping
Jul 16 2001 // TRADEPAQ Corp., a provider of e-business infrastructure solutions for global trade, announced its partnership with CNA’s marine division, one of the largest providers of marine cargo insurance, that will enable...
INSTEC, Infinity Web Systems Form Strategic Partnership
Jul 16 2001 // Insurance Information Technologies, Inc. (INSTEC) and Infinity Web Systems Inc. announced a strategic partnership to address the needs of the insurance carrier marketplace. The joint product offering resulting from this...
CNA, Ian H. Graham Partner for Community Associations
Jul 13 2001 // Chicago-based CNA Management & Professional Liability Insurance has made available its exclusive Community Associations partnership with Ian H. Graham Inc. According to CNA Managing Director John Brand, the two share...
CNA, Ian H. Graham Partner for Community Associations
Jul 11 2001 // Chicago-based CNA Management & Professional Liability Insurance has made available its exclusive Community Associations partnership with Ian H. Graham Inc. According to CNA Managing Director John Brand, the two share...
RSA Acquires Independent’s Loss Adjustment Unit
Jul 10 2001 // Royal & Sun Alliance picked up another piece of the U.K. ‘s Independent Insurance, when it reached a deal with the failed insurer’s liquidators PricewaterhouseCoopers to pay £3 million ($4.2 million)...
CGNU in Partnership Talks with France’s MMA
Jul 9 2001 // CGNU, Britain’s largest insurer, is in talks with the French group Mutuelles du Mans Assurances aimed at establishing a partnership arrangement which would strengthen its position in the French life and pension...
NAII Warns NAFTA Funding Cuts Pose Road Hazard
Jul 9 2001 // Congressional efforts to block funding for additional border inspectors and facility improvements in anticipation of the opening of the U.S.-Mexican border under the North American Free Trade Agreement (NAFTA) are a threat...
InsureZone BUYS AgentSecure
Jul 9 2001 // In separate but concurrent developments, Fort Worth-based InsureZone acquired AgentSecure Enterprises Inc., garnered endorsements for from various Independent Insurance Agents of America (IIAA) organizations and entered...
AXA Acquires Independent’s Small Business Website
Jul 5 2001 // AXA Insurance, the French giant’s U.K. unit, has acquired Independent Insurance’s small business website from the company’s liquidators. The site, www.business-risk.com, employs 17 people, who will be...
Sampo Sells Dutch Unit, Storebrand Board Backs Bid
Jul 5 2001 // Finland’s Sampo announced that it has agreed to sell its Dutch unit, Sampo Industrial Insurance N.V. to U.K. insurer Hampden plc; the price will be based on the next 5 years operating results. The move comes as part...
ProAssurance Corp. Formed by Merger of Medical Assurance and Professionals Group
Jul 5 2001 // Medical Assurance Inc. and Professionals Group Inc. formally closed their consolidation on Wednesday, June 27, 2001. The merger creates the holding company ProAssurance Corporation, which will be the third largest medical...
Imagine Group Acquires Enterprise Re
Jul 4 2001 // Barbados-based Imagine Reinsurance Holdings Ltd., a subsidiary of the Imagine Group, announced that another subsidiary, Imagine Insurance Co. Ltd., has acquired Enterprise Reinsurance Holdings Corp. and its subsidiaries...
Swiss Re Completes Acquisition of Conning Corp.
Jul 3 2001 // Swiss Re announced that it had completed the acquisition of MetLife subsidiary Conning Corporation as per the agreement reached last April. The terms of the transaction were not disclosed. Conning, which specializes...
NAII Warns: Political Games over NAFTA Funding May Prove ‘Deadly Serious’
Jul 3 2001 // According to the National Association of Independent Insurers (NAII), congressional action to block funding for additional border inspectors and facility improvements in anticipation of the opening up of the U.S.-Mexican...
Brown & Brown in Letter to Buy Raleigh, Schwarz & Powell and Golden State Holdings
Jul 3 2001 // Brown & Brown Inc. announced that it has signed a letter of intent with Raleigh, Schwarz & Powell Inc. and Golden State Holdings Inc. to acquire the two related agencies. Located respectively in Tacoma, Wash.,...
Commerce National Insurance Services To Acquire Brettler Financial
Jul 2 2001 // Commerce National Insurance Services, a subsidiary of Commerce Bancorp, announced that it had agreed to acquire New Jersey-based Brettler Financial Group. The terms of the deal were not disclosed. “BFG specializes in...
