Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
BISYS Group Acquires Toner Organization
Jun 29 2001 // In its fourth acquisition in the last 12 months, the BISYS Group of Little Falls NJ, announced the acquisition of the Toner Organization, a Pennsylvania-based insurance brokerage firm, for an undisclosed price. Lynn...
Kaye Group, Hub International Complete Merger
Jun 29 2001 // Canadian insurance broker Hub International Ltd. announced the completion of its acquisition of Kaye Group, Inc., the U.S. property/casualty and benefits broker. Hub, which is 41 percent owned by Canada’s Fairfax...
Enstar Group To Acquire Reinsurance Units from Marsh Subsidiaries
Jun 29 2001 // The Enstar Group, Inc., based in Montgomery Ala., announced plans, together with Bermuda’s Castlewood Ltd., to acquire two reinsurance companies currently in run-off. They will take over London-based River Thames...
Allianz To Buy 45% Stake In Russia’s Rosno
Jun 28 2001 // Germany’s Allianz continued its move into Eastern Europe with the announcement that it would acquire a 45 percent interest in Rosno, Russia’s third largest insurer, from its parent company AFK Sistema for an...
Managers Offer To Buy Struggling Claims Direct
Jun 26 2001 // Claims Direct, Britain’s personal injury settlement service, which has suffered falling profits following a series of adverse articles in the country’s newspapers, could be sold to two of its top...
GE Capital To Acquire U.K.’s National Mutual
Jun 25 2001 // GE Capital, the financial services arm of General Electric, finally found success in the U.K. life and pensions market with the announcement that it will acquire National Mutual in a deal valued at £570 million ($805...
ING Completes Acquisition of Mexico’s SCA
Jun 25 2001 // Holland’s ING Group announced that it had successfully completed the acquisition of an additional 45 percent interest in Mexico’s largest insurance company, Seguros Comercial America, from its parent, Savia...
WNC Insurance Services Acquires First Line Insurance Services Inc. and First Guaranty Cos.
Jun 25 2001 // Simi Valley, Calif.-based WNC Insurance Services Inc., a managing general agency, surplus lines broker and Lloyd’s correspondent, announced the recent acquisition of First Line Insurance Services Inc., headquartered...
AEGON, Swiss Re Complete Acquisitions
Jun 19 2001 // Dutch insurer and financial services provider AEGON N.V. announced that its U.S. subsidiary, AEGON USA, Inc., had successfully completed the acquisition of J.C. Penney’s direct marketing services. It paid $1.3...
Burnham Insurance Group to be Acquired
Jun 19 2001 // Hub International Limited signed a letter of intent to purchase Battle Creek, Mich.-based Burnham Stewart Group, a regional insurance broker, with offices throughout Michigan and in Chicago, Cleveland and Dallas. The...
GuideOne Insurance Sells Tulsa Operations to Home State
Jun 18 2001 // GuideOne Insurance announce that the company signed a definitive agreement, effective Aug. 1, 2001, to sell GuideOne Casualty Insurance Company, the organization’s Tulsa, Okla., operation, to the Home State Insurance...
Arthur J. Gallagher Acquires The Galtney Group
Jun 18 2001 // First Union Securities announced the sale of The Galtney Group Inc. to Arthur J. Gallagher & Co., the world’s fourth largest insurance broker. The Galtney Group retained First Union Securities to serve as the...
GNU Agrees to Eventual Acquisition by PAULA Financial
Jun 18 2001 // PAULA Financial and Great Northern Underwriters (GNU) of Portland, Ore., have agreed to terms that allow for PAULA to acquire GNU at a future date. The two companies have arranged a strategic collaboration in which GNU...
HOUSTON’S GALTNEY GROUP ACQUIRED BY GALLAGHER
Jun 18 2001 // Arthur J. Gallagher & Co. acquired the privately held property and casualty insurance brokerage firm, The Galtney Group Inc., of Houston. The terms of the transaction were not disclosed. According to the company, The...
Fortis Sells Australian Unit to CGNU
Jun 15 2001 // Australia’s AMP confirmed ongoing rumors that it would sell its general insurance business by closing a deal the Queensland-based insurance and financial group Suncorp Metway Ltd., which agreed to buy all its holding...
Fortis Sells Australian Unit to CGNU
Jun 14 2001 // The Belgo-Dutch financial services group Fortis announced the sale of its Australian property insurance unit to the U.K.’s CGNU for € 205 million ($379 million) in cash. Fortis indicated that, while profitable,...
NetInsurance.com Announces 5 New Online Partnerships
Jun 13 2001 // Online insurance agency NetInsurance.com announced partnership agreements with five websites: BuyerZone.com, Business.com, MostChoice.com, Private Business Inc. and AIAPonline. Through its proprietary platform, San...
HNC Software Acquires EDI Reporting Software for Workers’ Comp from ecDataFlow.com
Jun 12 2001 // San Diego-based HNC Software Inc., a provider of Customer Insight software, has acquired the workers’ compensation compliance reporting products and related customer base of ecDataFlow.com Inc. The agreement is...
ProcessClaims Completes Partnership with CSi Complete
Jun 7 2001 // ProcessClaims, an Internet claims solutions provider, formed a partnership with Ohio-based, CSi Complete, a Customer Satisfaction Indexing provider to the collision claims industry. ProcessClaims and CSi Complete...
Alliant Resources Group Acquires Robert F. Driver Company
Jun 6 2001 // The insurance brokerage and financial services distribution company Alliant Resources Group Inc. announced its acquisition of San Diego-based Robert F. Driver Co. Inc., one of the largest independent insurance brokerage...
