M&A 2017 News

KKR and Canadian Pension Fund to Acquire Insurance Broker USI in $4.3 Billion Deal

Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) agreed to buy USI Insurance Services from Onex Corp. in a $4.3 billion deal, including debt. The deal is the latest in a string …

Sapiens to Acquire Insurance Tech Firm StoneRiver for $102 Million

Israel-based insurance software firm Sapiens International Corp. has agreed to acquire privately-held insurance technology firm StoneRiver Inc. for approximately $102 million in cash. Headquartered in Denver, StoneRiver’s software product portfolio is comprised of a policy administration suite, rating, underwriting, illustrations, …

Aon in Talks to Sell Benefits Outsourcing Division: Reuters

Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier & Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. The divestiture would undo much …

Correction: Brown & Brown’s Hull Acquires Insurance House Commercial MGA Business

Hull & Co., a wholesale insurance subsidiary of giant Brown & Brown, has acquired the commercial managing general agency operations of Insurance House. Insurance House is an MGA and wholesale insurance broker offering commercial and personal lines insurance products to …