M&A Deal Summary

Reliance Mutual Insurance Society Acquires Hearts of Oak Insurance Co.

On July 26, 2007, Reliance Mutual Insurance Society acquired insurance company Hearts of Oak Insurance Co.

Acquisition Highlights
  • This is Reliance Mutual Insurance Society’s 1st transaction in the Insurance sector.
  • This is Reliance Mutual Insurance Society’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2007-07-26
Target Hearts of Oak Insurance Co.
Sector Insurance
Buyer(s) Reliance Mutual Insurance Society
Deal Type Add-on Acquisition

Target

Hearts of Oak Insurance Co.

Leicester, United Kingdom
Hearts of Oak Insurance Co., Ltd. is a provider of life and sickness insurance, and pension products.

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Buyer(S) 1

Buyer

Reliance Mutual Insurance Society

Kent, United Kingdom

Category Company
Founded 1911
Sector Insurance
DESCRIPTION

Reliance Mutual Insurance Society Ltd. is a provider of a life assurance and pensions products. Reliance Mutual Insurance Society has provided life insurance solutions to the UK population since 1911. It has 200,000 policies, and manages assets of £1.9bn, from its office in Tunbridge Wells, Kent.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2007 M&A 1 of 1