Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ING Completes Acquisition Agreement with Mexico’s Savia
Apr 17 2000 // Dutch financial and insurance giant ING Groep announced that it has completed a long-term partnership arrangement with Mexico’s Savia. As previously announced in February, ING will acquire up to a 49 percent stake in...
BenefitMall.com Completes Acquisition
Apr 17 2000 // BenefitMall.com has completed its acquisition of two units of the Mather Cos., a general agency and third party administrator of employee benefit programs. “This acquisition is an important one for us as it...
HNC Software Acquires Celerity Technologies
Apr 17 2000 // HNC Insurance Solutions, a wholly owned subsidiary of San Diego-based HNC Software Inc. recently acquired Celerity Technologies, a provider of connectivity and value-added networks which support claims processing for the...
lmonda Acquires World Access
Apr 14 2000 // The Elmonda Group has acquired the American assistance and travel insurance group World Access Inc. The acquisition in the U.S. market strengthens the position of the combined Swiss company Elvia Travel and the French...
European Commission Clears CGU Norwich Union Merger
Apr 14 2000 // The pending merger of U.K. Insurers CGU and Norwich Union was approved by the European Commission, and will accordingly proceed on schedule. The two companies hope to finalize all details for the creation of CGNU, by the...
PartnerRe to Sell U.S. Life Operations to SCOR
Apr 13 2000 // Bermuda-based PartnerRe announced that it has reached an agreement with France’s SCOR Group to sell its U.S. life reinsurance business, PartnerRe Life Insurance Company of the U.S., and its subsidiaries Vanguard Life...
ebix.com Partners With Warranty Gold
Apr 12 2000 // ebix.com has paired with Warranty Gold, referring its customers to the vehicle service contract provider for extended vehicle warranties. In turn, Warranty Gold will refer customers to ebix for insurance needs. The...
ChannelPoint and InsurQuote Complete Merger
Apr 10 2000 // ChannelPoint Inc., a provider of Internet-based business-to-business solutions has completed its acquisition of InsurQuote Systems. The combined company, called ChannelPoint Inc., has approximately 1,000 employees based in...
PEOs Change Focus by Courting Agents as Partners, not Customers
Apr 10 2000 // As much as 10 years ago, independent insurance agents were being courted by professional employer organizations (PEOs), which viewed the small structure of agents’ offices as ripe for their human resources...
Dresdner Bank Head Resigns Just Days After Merger Failure
Apr 7 2000 // Dresdner chairman Bernhard Walter resigned Thursday, in part over the failed attempt to merge Dresdner Bank with Deutsche Bank. Meanwhile, Deutsche Bank’s chairman held fast to his post amid criticism over the...
Allianz Stock Tumbles After Merger Failure
Apr 6 2000 // Allianz AG shares fell more than 10 percent Wednesday following the announcement that Deutsche Bank AG and Dresdner Bank AG had called off their planned merger. On Tuesday, Dresdner Bank accused Deutsche of undermining the...
Dresdner Suddenly Calls Off Planned Bank Merger
Apr 5 2000 // A month ago Dresdner Bank and Deutsche Bank (DB) announced plans to merge. With considerable help from their mutual shareholder, insurer Allianz AG, the two German banks seemed set to become the world’s largest bank,...
FirstFed Acquires Two Agencies
Apr 3 2000 // FirstFed Insurance Agency, which is part of FirstFed America Bancorp. Inc., has acquired Smith-Cochrane Insurance Agency and All Risk Insurance Agency, both of Swansea, Massachusetts. Frank Smith, the agency principal for...
CGU, Norwich Shareholders Approve Merger
Apr 3 2000 // Shareholders from both CGU PLC and Norwich Union PLC have approved the companies’ planned $12 billion merger. The marriage will create Britain’s largest insurance group and Europe’s fifth largest insurer....
Australia Juggles Mergers & Disasters
Apr 3 2000 // Driven in part by 1999’s particularly poor results, and perhaps encouraged by the recent mega-merger announcements from Europe (CGU-Norwich Union and Deutsche Bank-Dresdner Bank), Australia’s insurance/...
Allianz Comes Out the ‘Big Winner’ In German Bank Merger
Apr 3 2000 // On March 9, the German financial world quaked with the announcement that Deutsche Bank (DB), Germany’s largest bank, planned to merge with cross-town rival Dresdner Bank. Insurance giant Allianz AG was a driving...
Mergers & Acquisitions
Apr 3 2000 // Armstrong/Robitaille, Neumarket Anticipating a larger combined volume, shared markets access, added services and growth potential, Armstrong/Robitaille Business and Insurance Services acquired Neumarket Insurance...
Hub Acquires C.J. McCarthy Agency
Mar 30 2000 // The Hub Group Ltd., based in Toronto, has signed a letter of intent to acquire C.J. McCarthy Insurance Agency of Boston, Mass. The agency was founded by the McCarthy family in 1867 and has annual commission revenue of...
Royal London To Buy United Assurance
Feb 25 2000 // Life and pensions insurer Royal London announced that it has reached agreement with door-to-door mutual insurer United Assurance Group (UAG) to take over the company for £1.5 billion ($2.4 billion). This new consolidation...
Allianz Acquires Egyptian Insurer
Feb 21 2000 // Germany’s Allianz AG acquired a controlling 80 percent interest in Cairo-based Arab International Insurance Company (AIIC) by purchasing the 40 percent share held by France’s AXA. In 1998, AIIC reported gross...
