Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
CoverageCorp.com Partners with BizLand.com, BuyerZone.com
May 23 2000 // CoverageCorp.com, an Internet provider of property and casualty insurance coverage for small and medium-sized businesses, has made online marketing agreements with two key business marketplace portals, BizLand.com and...
Frontier Insurance Group Sells Regency Insurance Co.
May 19 2000 // Frontier Insurance Group has entered into a definitive agreement to sell Regency Insurance Company to Tomoka Re Holdings Inc., an affiliate of Tower Hill Insurance Group. Located in Charlotte, N.C., Regency underwrites...
ebix.com Partners With insuranceOrder.com
May 19 2000 // ebix.com Inc. has entered into a partnership with insuranceOrder.com, the Internet one-stop insurance information and purchasing destination, to offer customers an end-to-end browsing to buying experience for auto...
Kingsway Acquires Long-Haul Trucking Renewal Rights
May 18 2000 // Kingsway General Insurance Co., a subsidiary of Kingsway Financial Services, has acquired the renewal rights for AXA Canada subsidiaries’ long-haul trucking portfolio in Canada. The portfolio, made up of fleet...
EDS Withdraws Acquisition Offer for Policy Management Systems
May 16 2000 // Plano-based Electronic Data Systems Corp. has withdrawn its offer to buy Policy Management Systems Corp. for $700 million. The announcement, which came after EDS examined the insurance software company’s confidential...
PartnerRe/SCOR Finalize Life Reinsurance Sale
May 16 2000 // Confirming the plans revealed last month, Bermuda’s PartnerRe said that it had reached agreement on the terms for the acquisition of its U.S. subsidiaries, PartnerRe Life Insurance Co., Republic Vanguard Life...
ST. PAUL SELLS
May 15 2000 // The St. Paul Companies has completed the sale of its nonstandard auto insurance business to the Prudential Insurance Company of America. Prudential purchased the nonstandard auto insurance business marketed under the...
E-Z ACQUISITION
May 15 2000 // Efinancial depot.com has signed a letter of intent to acquire eZnow insurance.com, a Web page that offers a wide range of insurance services online, including life, home, rental, commercial, auto, boat, casualty and health...
Flea Markets are No Place to Buy (or Sell) Insurance
May 15 2000 // Nevada’s Division of Insurance (DOI) state officials uncovered a scam in which flea marketers in Clark County were selling proof-of-auto insurance cards for $100 a piece. According to Betty Baker, insurance counsel...
Citigroup Set To Acquire Majority Interest In Polish Bank
May 12 2000 // Citibank, the banking unit of Citigroup, has received permission from Polish banking regulators to acquire up to a two thirds stake in Bank Handlowy, Poland’s largest corporate lender, and would have between 50 and...
Insurance Service Office Acquires 16 Percent Stake in NAM Corp.
May 12 2000 // Insurance Services Office, Inc. has acquired 16 percent of NAM Corp., a leading global provider of web-enabled and in-person dispute resolution services, for $4 million. As part of the transaction, ISO will be issued...
Policy Management, Electronic Data Systems Discuss Merger Further
May 11 2000 // Electronic Data Systems (EDS), the world’s No. 2 computer services provider based in Plano, Texas, and insurance software company Policy Management Systems are continuing talks about a deal worth as much as $700...
Hilb, Rogal and Hamilton Outlines This Year’s Acquisitions
May 10 2000 // Hilb, Rogal and Hamilton Co. has completed three fold-in acquisitions, expanding the company’s operations in southern California, Dallas and Orlando. In Newport Beach, Calif., Hilb, Rogal and Hamilton subsidiary...
Assurex International Adds Four Partners in U.S., Canada
May 9 2000 // Assurex International, the world’s largest privately held commercial insurance brokerage group with combined insurance premiums exceeding $12 billion annually, has expanded its worldwide presence with the addition of...
Efinancial depot.com Acquires eZnow Insurance.com
May 5 2000 // Efinancial depot.com has signed a letter of intent to acquire eZnow insurance.com, a web page that offers a wide range of insurance services online, including life, home, rental, commercial, auto, boat, casualty and health...
Jardine Lloyd Thompson, Blackstone Plan Joint Venture
May 3 2000 // New York investment bank Blackstone Group and British insurance broker Jardine Lloyd Thompson are taking on a joint venture to form a U.S.-based risk consultancy called Capital Risk Group. JLT will own 80 percent of the...
ING/ReliaStar Acquisition – Further Details, Possible Delay
May 2 2000 // ING’s acquisition of life insurer ReliaStar has caused some immediate comments and reactions. Connecticut officials, reiterating their position taken when ING made a bid for Aetna, stated that unpaid Holocaust...
ING Confirms Acquisition of ReliaStar For $6.1 Billion
May 1 2000 // Confirming rumors that started last Thursday, ING, the Dutch financial services group, announced today that it had entered into an agreement to acquire Minneapolis-based ReliaStar, the 8th largest publicly held life...
Mergers, Acquisitions All Too Often Accompanied by Lawsuits
May 1 2000 // Along with the skyrocketing merger and acquisition activity during recent years, has come a general, albeit not unanimous, perception of a corresponding increase in M&A-related lawsuits-especially in...
Mergers & Acquisitions
May 1 2000 // Brown & Brown, Cornwall & Stevens In an effort to increase its strength in the agriculture area, Brown & Brown Inc. recently acquired nearly all of the assets of Cornwall & Stevens Southwest. Cornwall...
