M&A Deal Summary

HM Insurance Group Acquires Mutual of Omaha Stop Loss Business

On June 17, 2010, HM Insurance Group acquired insurance company Mutual of Omaha Stop Loss Business from Mutual of Omaha Insurance Co.

Acquisition Highlights
  • This is HM Insurance Group’s 2nd transaction in the Insurance sector.
  • This is HM Insurance Group’s 2nd transaction in the United States.

M&A Deal Summary

Date 2010-06-17
Target Mutual of Omaha Stop Loss Business
Sector Insurance
Buyer(s) HM Insurance Group
Sellers(s) Mutual of Omaha Insurance Co.
Deal Type Divestiture

Target

Mutual of Omaha Stop Loss Business

United States
Mutual of Omaha Stop Loss Business insurance is designed to protect employers' self-funded health plans from the financial impact of catastrophic claims.

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Buyer(S) 1

Buyer

HM Insurance Group

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1990
Sector Insurance
DESCRIPTION

HM Insurance Group provides group health-related insurance products nationally to protect businesses and their employees from potential financial losses associated with health care costs.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 2 of 2
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-16 Risk Based Solutions

South Miami, Florida, United States

Risk Based Solutions operates as reinsurance management company in the United States.

Buy -

Seller(S) 1

SELLER

Mutual of Omaha Insurance Co.

Omaha, Nebraska, United States

Category Company
Founded 1909
Sector Insurance
DESCRIPTION

Mutual of Omaha is a full-service, multi-line organization providing insurance, banking and financial products for individuals, businesses and groups throughout the United States.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-25 Omaha Property and Casualty Insurance Co.

Omaha, Nebraska, United States

Omaha Property and Casualty Insurance Co. engages in underwriting of fire, marine, and casualty insurance.

Sell -