M&A Deal Summary

HCC Insurance Holdings Acquires Allianz Life Insurance Company Of North America

On August 4, 2006, HCC Insurance Holdings acquired insurance company Allianz Life Insurance Company Of North America for 140M USD

Acquisition Highlights
  • This is HCC Insurance Holdings’ 14th transaction in the Insurance sector.
  • This is HCC Insurance Holdings’ 2nd largest (disclosed) transaction.
  • This is HCC Insurance Holdings’ 9th transaction in the United States.
  • This is HCC Insurance Holdings’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2006-08-04
Target Allianz Life Insurance Company Of North America
Sector Insurance
Buyer(s) HCC Insurance Holdings
Deal Type Add-on Acquisition
Deal Value 140M USD

Target

Allianz Life Insurance Company Of North America

Minneapolis, Minnesota, United States
Allianz Life Insurance Company Of North America, providers of excess medical insurance (stop loss) for self insured corporations and groups.

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Buyer(S) 1

Buyer

HCC Insurance Holdings

Houston, Texas, United States

website


Category Company
Founded 1974
Sector Insurance
Employees1,933
Revenue 2.7B USD (2013)
DESCRIPTION

HCC Insurance Holdings, Inc. is an insurance holding company comprising property & casualty, accident & health and other specialty insurance businesses


DEAL STATS #
Overall 14 of 24
Sector (Insurance) 14 of 24
Type (Add-on Acquisition) 9 of 16
State (Minnesota) 1 of 2
Country (United States) 9 of 19
Year (2006) 3 of 4
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 G.B. Kenrick & Associates

Auburn Hills, Michigan, United States

G.B. Kenrick & Associates, Inc., is an insurance underwriting agency.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-02 Allianz s Health Products Division

Minneapolis, Minnesota, United States

Allianz's Health Products Division, is a health insurance operation, also provides excess medical insurance (stop loss) for self insured corporations and groups; excess insurance for HMOs; provider excess for integrated delivery systems; excess medical reinsurance to small and regional insurance carriers; and Life Trac, a network for providing organ and bone marrow transplants.

Buy $140M