Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Fiserv Acquires FSC
Mar 12 2001 // In keeping with its aggressive and acquisitive nature, Fiserv Inc. announced March 6 that it had purchased Agoura Hills, Calif.-based Facilities and Services Corporation (FSC). The arrangement will allow FSC, which has...
PRC TO BUY INSURITY SOLUTIONS
Mar 12 2001 // PRC Corp., a subsidiary of ChoicePoint® , entered into an agreement to purchase 100 percent of the stock of Insurity Solutions Inc. from an internal management group and private investors. The acquisition aims to blend an...
Liberty Mutual Buys Venezuelan Firm
Mar 9 2001 // Seguros Caracas, the Venezuelan unit of U.S. insurance firm Liberty Mutual, has purchased local rival Seguros Panamerican for $56 million Thursday, creating the largest insurance company in the country. Seguros Caracas...
Arthur J. Gallagher & Co. Acquires Three Insurance Agencies
Mar 9 2001 // Arthur J. Gallagher & Co. Has completed three acquisitions; MDM Insurance Associates, Inc. of Los Angeles, California; SKANCO International, Ltd. of Scottsdale, Arizona; and Madison Scott & Associates, Inc. of...
Fiserv Acquires FSC, Combined Talents Bode Well for Market
Mar 7 2001 // In keeping with its aggressive and acquisitive nature, Fiserv Inc. announced March 6 that it had purchased Agoura Hills, Calif.-based Facilities and Services Corporation. The arrangement will allow FSC, which has thus far...
Colorado Business Bankshares Acquires Insurance Agency
Mar 7 2001 // Colorado Business Bankshares, the parent company for Colorado Business Banks, has acquired Denver-based Milek Insurance Services Inc. The agency, which will be renamed CoBiz Insurance Inc., provides commercial and personal...
Summit Global Partners Enters California, Appoints Former Aon Exec Sands as CEO
Mar 6 2001 // International insurance brokerage and consulting company Summit Global Partners has expanded into California with Russell “Russ” Sands at the helm as Chairman and CEO of Summit Global Partners Insurance...
Economical buys Hartford Canadian Unit
Mar 5 2001 // The Economical Insurance Group, the sixth largest property and casualty insurer in Canada, will acquire Hartford Insurance Company of Canada, a subsidiary of The Hartford Financial Services Group. Economical aims to pick...
Acceptance Sells P/C Business to Hannover Re Division
Mar 5 2001 // Acceptance Insurance Cos. Inc. of Omaha, continuing to exit its property and casualty businesses, announced Friday it has sold a majority of that operation to Insurance Corp. of Hannover, a division of Hannover Re. In a...
Bank Acquires Wyoming Insurance Agency
Mar 5 2001 // Community First Bankshares Inc. has acquired C. R. Motis Insurance Agency, a Wyoming insurance agency, through its affiliate, Community First Insurance Agencies Inc. The agency has offices in Casper, Cody, Green River and...
PRC Corp. Acquires Insurity Solutions
Mar 1 2001 // PRC Corp., a subsidiary of ChoicePoint® , entered into an agreement to purchase 100 percent of the stock of Insurity Solutions Inc., from an internal management group and private investors. The deal is PRC’s second...
Aon To Acquire ASI Solutions
Feb 26 2001 // In a move aimed at strengthening its consulting and outsourcing services Aon announced that it has agreed to acquire New York-based ASI Solutions Inc., “a worldwide provider of human resources administration and...
Acquisitions Boost Insurer Profits
Feb 26 2001 // Jardine Lloyd Thompson profits increased by 12 percent last year, helped by the acquisitions it made to bolster its business. JLT bought Burke Ford Group, a UK retail and employee benefits broker, as well as Abbey...
Doris Chosen as Ajasent Strategic Partner
Feb 26 2001 // Ajasent, an application service provider serving independent insurance agents, has added DORIS software as one of the management system products it will be offering customers. Ajasent manages and delivers application...
ICAHN BUYS MORE RELIANCE DEBT
Feb 26 2001 // Financier Carl Icahn has purchased $10.5 million of the defaulted notes and $20 million of the secured bank debt of Reliance Group Holdings Inc. In a press release, Icahn also said he plans to end the tender offer of High...
Credit Suisse Sells Corporate Insurance Unit to
Feb 21 2001 // Credit Suisse Group is selling its large multi-corporate insurance business to Bermuda-based financial services group XL Capital Ltd for $600 million. The move will reportedly allow Credit Suisse’s Swiss-based...
Credit Suisse Sells Corporate Insurance Unit to
Feb 20 2001 // Credit Suisse Group is selling its large multi-corporate insurance business to Bermuda-based financial services group XL Capital Ltd for $600 million. The move will reportedly allow Credit Suisse’s Swiss-based...
YNB Financial Services Forms Partnership with Local Independent Insurance Agencies
Feb 16 2001 // New Jersey bank, YNB Financial Services has signed marketing agreements with three independently-owned insurance agencies, Borden-Perlman Insurance Agency, Nottingham Insurance Agency and Princeton Assurance Corporation...
CNP Buys Control of Brazilian Insurer for
Feb 16 2001 // French life insurer CNP Assurances has entered Brazil’s fast-growing insurance market with a deal to buy a controlling share of Sasse for $535 million. CNP agreed to buy a 50.75 percent stake in Caixa Seguros (Sasse)...
MetLife Receives Approval for Grand Bank Acquisition
Feb 13 2001 // The Federal Reserve Board has approved the MetLife’s application for bank holding company status and its acquisition of Grand Bank, N.A. of Kingston, New Jersey. The Board also has approved MetLife’s request...
