Mergers and Acquisitions News

Unaddressed Cultural Clashes Cause Many M&A Failures: Willis Towers Watson

Many insurers see cultural integration as a major post-deal challenge, but few use employee engagement as an indicator of integration success, according to a survey of senior insurance executives conducted by Willis Towers Watson M&A Risk Consulting in conjunction with …

AmTrust Seeks to Boost Lloyd’s Presence with Purchase of Specialty Insurer ANV

AmTrust Financial Services said it has agreed to buy specialty insurance company ANV Holdings B.V. and its Lloyd’s affiliates for $218.7 million in cash. The seller is the Ontario Teachers’ Pension Plan. As part of the acquisition deal, AmTrust said …

White Mountains Closes $2.6B Sale of Sirius to China Minsheng Investment

White Mountains Insurance Group Ltd. completed its $2.6 billion sale of Sirius International Insurance Group to a division of China Minsheng Investment Corp. Ltd., nine months after the deal was first announced.Out of that total, White Mountains used $160 million to …

Arthur J. Gallagher Acquires Insurance Plans Agency in Illinois

Arthur J. Gallagher& Co. has acquired Insurance Plans Agency Inc. in South Barrington, Ill. Terms of the transaction were not disclosed. Established in 1983, Insurance Plans Agency Inc. (IPA) is a retail insurance broker providing group employee benefits products and consulting …

Verisk Analytics Acquires Risk Intelligence Ireland, Expanding Global Footprint

Verisk Analytics Inc. announced the acquisition of Risk Intelligence Ireland, a leading provider of fraud detection, compliance, risk control, and process automation services to the Irish insurance industry. “Risk Intelligence Ireland has developed valuable tools to help insurers control costs …

Aquiline Capital to Buy UK’s Simply Business, an Online Small Business Brokerage

New York-based private equity firm Aquiline Capital Partners LLC on Monday entered into a definitive agreement to acquire Simply Business, an online brokerage service, which delivers tailored small business insurance policies in the United Kingdom. “Simply Business is an innovator in the …

Swiss Re and UK’s Legal & General Weigh Bids for Deutsche Bank’s Abbey Life

Swiss Re AG and Britain’s Legal & General Group Plc are among firms considering bids for Deutsche Bank AG’s insurance business Abbey Life Assurance Co., according to people with knowledge of their plans. Deutsche Bank is seeking bids by the …

Arthur J. Gallagher Acquires Charles Allen Agency in Minnesota

Arthur J. Gallagher & Co. has acquired the Charles Allen Agency Inc. in Waite Park, Minn. Terms of the transaction were not disclosed. Founded in 2010, the Charles Allen Agency Inc. (CAA) is a retail insurance broker that provides commercial surety …

Arthur J. Gallagher Acquires Oklahoma’s Capitol Benefits Group

Illinois-based insurance brokerage, Arthur J. Gallagher & Co., has acquired Capitol Benefits Group in Oklahoma City. Terms of the transaction were not disclosed. Founded in 1999, Capitol Benefits Group (Capitol) is an employee benefits insurance broker that provides employee benefits insurance …

Windhaven Insurance Acquires ATX Premier

Miami, Fla.-based auto insurer, Windhaven Insurance, announced it has acquired ATX Premier, a Texas-based property/casualty provider, in an agreement with NationsBuilders Insurance Services Inc. (NBIS). Technology-focused, Windhaven has both a local agent app and a consumer app. It also created …