M&A Deal Summary

Munich-American Holding Acquires HSB Group

On March 31, 2009, Munich-American Holding acquired insurance company HSB Group from AIG

Acquisition Highlights
  • This is Munich-American Holding’s 2nd transaction in the Insurance sector.
  • This is Munich-American Holding’s 2nd transaction in the United States.
  • This is Munich-American Holding’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2009-03-31
Target HSB Group
Sector Insurance
Buyer(s) Munich-American Holding
Sellers(s) AIG
Deal Type Divestiture

Target

HSB Group

Hartford, Connecticut, United States
HSB Group, Inc. is a provider of specialty insurance products, engineering services, and management consulting.

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Buyer(S) 1

Buyer

Munich-American Holding

Princeton, New Jersey, United States
Category Company
Founded 2000
Sector Insurance
DESCRIPTION

Munich-American Holding Corporation engages in the insurance and reinsurance businesses.

DEAL STATS #
Overall 2 of 3
Sector (Insurance) 2 of 2
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 2 of 3
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-17 The Midland

Amelia,, Ohio, United States

The Midland Company is a provider of property and casualty insurance products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Relayr

Boston, Massachusetts, United States

Relayr, Inc. is a rapidly-growing IoT company providing enterprise middleware and IoT solutions for the digital transformation of industries. The company has around 200 employees working in offices in seven cities in the US, UK, Germany and Poland. relayr has won multiple awards highlighting the success and high recognition of the company - amongst others it was named “Hottest Internet of Things Startup” at the Europas Tech Startup Awards and won the McKinsey’s and Handelsblatt’s Spark Award for Best Digital Company.

Buy $252M

Seller(S) 1

SELLER

AIG

New York, New York, United States
Category Company
Founded 1919
Sector Insurance
Employees25,000
Revenue 47.3B USD (2023)
DESCRIPTION

AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.

DEAL STATS #
Overall 3 of 21
Sector (Insurance) 1 of 17
Type (Divestiture) 3 of 19
State (Connecticut) 1 of 1
Country (United States) 1 of 12
Year (2009) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-05 AIG Retail Bank Public

Bangkok, Thailand

AIG Retail Bank has been operating in Thailand as a retail bank, offers a variety of financial products and services including auto hire purchase and deposits. As of December 31, 2008, the Bank's total deposits reached Baht 18.6 Billion. Its total loan receivables are Baht 16.5 Billion.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 21st Century Insurance Group

Wilmington, Delaware, United States

21st Century Insurance has been dedicated to providing customers superior coverage and service, while helping them save money on auto insurance.

Sell $1.9B
Mergr

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