Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Zurich Takes Over INZIC – Major Shareholder in Baloise
Oct 30 2000 // Zurich Financial Services obtained the remaining 30 percent interest it didn’t already own in INZIC, an investment partnership set up to hold an approximately 30 percent stake in Swiss multi-line insurer...
AIG Sees Acquisition Opportunities
Oct 27 2000 // American International Group posted a 14.6 percent rise in third-quarter profits Thursday. Meanwhile, the company’s chairman raised the possibility of insurance acquisitions across the world. Net income for the third...
Lloyd’s-IUA Name Xchanging As Partner For Data Processing
Oct 24 2000 // Lloyd’s and the International Underwriting Association (IUA) jointly announced the selection of information technology specialist Xchanging as a partner in a joint venture which will develop and operate a unified...
ACE INA Sells Premium Finance Business of INAC to Cananwill
Oct 23 2000 // ACE INA has sold the premium financing business of its subsidiary, INAC, to Cananwill Inc., a subsidiary of Aon Corporation. The sale was effective October 16, 2000. INAC was acquired by ACE INA as part of the purchase of...
Surplus Inc. Acquires CIA’s Commercial Book
Oct 23 2000 // Surplus Inc., a Spring, Tex.-based MGA, has acquired the commercial book of business from Combined Independent Agencies (CIA). The book includes property, casualty, package and commercial auto. CIA’s workers’...
Timberline Acquires Financial Guardian
Oct 23 2000 // Timberline Insurance Services of Austin has acquired a significant portion of Houston-based Financial Guardian’s commercial business. The purchase marks what Timberline President Hal Shults said is another round of...
Online Insurer Esurance Acquired by Folksamerica Holding Co.
Oct 23 2000 // A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. It was just the right thing at the right time,” Jean-Bernard...
PIA, LIU Partner to Offer Kidnap and Ransom Coverage
Oct 19 2000 // Professional Indemnity Agency (PIA) is teaming with Liberty International Underwriters (LIU) to offer kidnap and ransom extortion and detention coverage available to existing PIA and LIU customers and to other companies...
AXA Reaches Agreement to Acquire AXA Financial
Oct 19 2000 // AXA Group announced that its offer to buy out the minority shareholders of its U.S. subsidiary AXA Financial had been accepted following the unanimous recommendation of a special committee of independent directors in favor...
Allianz, Nicholas-Applegate Agree on Acquisition Terms
Oct 18 2000 // Germany’s Allianz has reached agreement to acquire San Diego based asset management company Nicholas-Applegate (N-A) for an initial payment of $980 million, and a contingent payment based on future earnings...
PartnerRe Names Thiele To Succeed Retiring Haag
Oct 12 2000 // The Board of Directors of Bermuda-based PartnerRe. Ltd. has selected Patrick Thiele to succeed Herbert Haag, who founded the company in 1993, as President and CEO effective upon his retirement December 1st. Board Chairman...
Primestreet, Zurich U.S. Announce Strategic Partnership
Oct 11 2000 // PrimeStreet, an enabler of online credit solutions for companies serving the small business market, has entered a strategic partnership with Zurich American Insurance Company, a Zurich U.S. subsidiary, to provide small...
St. Paul Completes Australian Acquisition
Oct 10 2000 // The St. Paul International Insurance Co., a subsidiary of The St. Paul Companies, announced that it had completed the purchase of Australia Pacific Professional Indemnity Insurance Co.,Ltd.(APPIIL), enlarging the...
Munich American Re To Acquire CNA Life Re
Oct 9 2000 // Munich American Re (MARC), the U.S. subsidiary of Munich Re, announced plans to acquire by retrocession the reinsurance life business of Chicago based CNA Financial Corp., CNA Life Re and Agora Re.com for an undisclosed...
Fortis Set To Acquire Dutch Insurer
Oct 9 2000 // Fortis, the Belgian Dutch banking insurance and financial services group, is set to acquire Holland’s ASR Verzekeringsgroep, one of the country’s largest insurers, through a public cash and stock offering. ASR...
Esurance Acquired by Folksamerica Holding
Oct 9 2000 // A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. “It was just the right thing at the right time,”...
GuideOne to Shed Recent Acquisitions; Former Owners to Repurchase Companies
Oct 9 2000 // Just 10 months after selling his company to Des Moines, Iowa-based insurer GuideOne, Clifton Robinson is buying it back. Robinson, the previous owner of National Lloyds Insurance Co. in Waco, Tex. signed a definitive...
Allianz Completes Acquisition of Dutch Insurer from Hartford
Oct 6 2000 // AGF, the French subsidiary of Germany’s Allianz, announced that it had completed the acquisition of Dutch insurer Zwolsche Algemeene N.V.(ZANV) from the Hartford International Financial Services Group, substantially...
And The Winner Is… U.K. Acquisitions
Oct 3 2000 // After months of speculation Scottish Life announced that it has agreed to be acquired by fellow U.K. mutual insurer Royal London for £1.1 billion ($1.62 billion). The announcement ends speculation that other companies,...
Brown & Brown Acquires Calabasas Agency
Oct 3 2000 // J. Hyatt Brown, chairman, president and CEO of Brown & Brown,Inc. and Vincent Lee Lopez, Principal of DSD Insurance Agency, of Calabasas, California, today announced the acquisition of DSD Insurance Agency by Brown...
