Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
First Union Buys Regional Broker
Aug 31 2000 // First Union Bank, the nation’s sixth-largest bank, has purchased the Tribus Company, a major Northeast regional insurance brokerage and consulting firm. First Union Corp., based in North Carolina, finalized the...
St. Paul International Insurance to Acquire APPIIL
Aug 31 2000 // St. Paul International Insurance Co., Ltd., a subsidiary of The St. Paul Companies Inc., announced today it intends to acquire the Australia Pacific Professional Indemnity Insurance co., Ltd. (APPIIL) in Brisbane, from GIO...
East West Bancorp to Acquire East West Insurance Agency
Aug 31 2000 // Although they were not related before, now they’re family. East West Bancorp Inc. recently acquired San Marino, Calif.-based East West Insurance Agency, an unrelated agent providing business and consumer insurance...
Allianz Acquires Majority Interest in Romania’s Tiriac Insurance
Aug 28 2000 // Ion Tiriac, the Romanian, who first gained fame as a world class tennis player, has gone on to much bigger things. He’s become Romania’s most successful entrepreneur, and capped the rise of his business empire...
Insurer MONY to Buy Advest for $275 Million
Aug 25 2000 // Insurance company MONY Group Inc. plans to buy one of the few remaining independent U.S. regional brokerages, Advest Group Inc. for an estimated $275 million, in an effort to expand into the lucrative securities...
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...
