M&A Deal Summary

HCC Insurance Holdings Acquires Allianz s Health Products Division

On October 2, 2006, HCC Insurance Holdings acquired insurance company Allianz s Health Products Division from Allianz Life Insurance Company Of North America for 140M USD

Acquisition Highlights
  • This is HCC Insurance Holdings’ 15th transaction in the Insurance sector.
  • This is HCC Insurance Holdings’ 2nd largest (disclosed) transaction.
  • This is HCC Insurance Holdings’ 10th transaction in the United States.
  • This is HCC Insurance Holdings’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2006-10-02
Target Allianz s Health Products Division
Sector Insurance
Buyer(s) HCC Insurance Holdings
Sellers(s) Allianz Life Insurance Company Of North America
Deal Type Divestiture
Deal Value 140M USD

Target

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.

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Buyer(S) 1

Buyer

HCC Insurance Holdings

Houston, Texas, United States
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 15 of 24
Sector (Insurance) 15 of 24
Type (Divestiture) 2 of 4
State (Minnesota) 2 of 2
Country (United States) 10 of 19
Year (2006) 4 of 4
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-04 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.

Buy $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-02 MultiNational Underwriters

Indianapolis, Indiana, United States

MultiNational Underwriters LLC, a provider in the field of international health insurance, offering a complete portfolio of health and life insurance products to customers in over 130 countries.

Buy $42M

Seller(S) 1

SELLER

Allianz Life Insurance Company Of North America

Minneapolis, Minnesota, United States
Category Company
Founded 1896
Sector Insurance
DESCRIPTION

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

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
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