M&A Deal Summary

The St. Paul Acquires MMI Companies

On December 20, 1999, The St. Paul acquired insurance company MMI Companies for 200M USD

Acquisition Highlights
  • This is The St. Paul’s 2nd transaction in the Insurance sector.
  • This is The St. Paul’s largest (disclosed) transaction.
  • This is The St. Paul’s 2nd transaction in the United States.
  • This is The St. Paul’s 1st transaction in Illinois.

M&A Deal Summary
Date 1999-12-20
Target MMI Companies
Sector Insurance
Buyer(s) The St. Paul
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

MMI Companies

Deerfield,, Illinois, United States
MMI is an international risk services company with more than 20 years of experience providing products and services for the healthcare industry. Company products and services include clinical risk management and operational consulting services, and insurance and reinsurance in the United States and London markets.

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Buyer(S) 1

Buyer

The St. Paul

Saint Paul,, Minnesota, United States

website

Category Company
Founded 1853
Sector Insurance
Employees9,300
DESCRIPTION

The St. Paul Companies, Inc. provides commercial property, casualty, and liability insurance products and services.

DEAL STATS #
Overall 2 of 3
Sector (Insurance) 2 of 3
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (1999) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-20 Pacific Select Insurance Holdings

Walnut Creek,, California, United States

Pacific Select Insurance Holdings Inc, that sells earthquake coverage to California homeowners.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-31 Australia Pacific Professional Indemnity Insurance co.

Australia

Australia Pacific Professional Indemnity Insurance co., Ltd. is an underwriting agency with an experience in providing professional indemnity insurance.

Buy -
Mergr

Product

Company

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