Mergers and Acquisitions News

PartnerRe Is Reviewing Enhanced Rival Bid From EXOR

Bermuda-based PartnerRe Ltd. has confirmed it has received a revised offer from EXOR SpA to acquire all of the outstanding common shares of the company for $137.50 per share in cash. Consistent with its fiduciary duties and subject to the …

EXOR Raises Bid for PartnerRe by 5.8%, Aiming to Overcome Rival AXIS Offer

EXOR SpA upped the ante in the takeover battle for PartnerRe Ltd., raising its bid by 5.8 percent to overcome a rival offer from AXIS Capital Holdings Ltd. EXOR, the investment vehicle of Italy’s billionaire Agnelli family, now plans to pay …

Candid Investigation Services Acquired by Patriot National

Patriot National Inc., based in Fort Lauderdale, Fla., has acquired Candid Investigation Services LLC, an insurance risk management firm that operates in New Mexico and Texas. Candid Investigation Services provides evidence that increases subrogation recovery rates. Candid will become part …

Constellation Acquiring Medical Professional Liability Insurer Arkansas Mutual

Constellation, a mutual holding company, announced that Little Rock-based medical professional liability insurance provider, Arkansas Mutual Insurance Co., is joining its family of companies. Arkansas Mutual will be the third Constellation member company, joining MMIC and UMIA. The terms of …

Risk Strategies Acquires Chicago-Based Northwest Comprehensive

Boston-based insurance brokerage and risk management firm, Risk Strategies Co., has acquired Northwest Comprehensive Inc., a full service employee benefits insurance brokerage and consulting firm headquartered in Chicago. John Cerasani, Northwest Comprehensive president and founder, will continue to manage Northwest …

EXOR Bid for PartnerRe Still Has Legs as Shareholders Weigh Offers: Real M&A

PartnerRe Ltd. is betting the value of a merger with AXIS Capital Holdings Ltd. is worth more in the long run than an extra few dollars a share now. Shareholders may not agree. The Bermuda-based reinsurer on Monday chose a …

Oklahoma-Based The Holmes Organisation Acquired by Hub

Hub International Limited (Hub) subsidiary Hub International Midwest Limited (Hub Midwest) has acquired the assets of The Holmes Organisation (Holmes), a Tulsa, Okla.-based multi-line property and casualty, employee benefits and personal lines brokerage. Terms of the acquisition were not disclosed. The …

Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B

Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn’t already own in the Bermuda-based insurer. Fosun’s unit Mettlesome Investment 2 will combine …

Arthur J. Gallagher Acquires Midwest Healthcare Consulting Firm

Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Integrated Healthcare Strategies located in Kansas City, Mo., and Minneapolis, Minn. Terms of the transaction were not disclosed. With operations dating back to 1974, Integrated Healthcare Strategies (Integrated) provides strategic human resources consulting services specifically …

U.K. Intermediaries Hyperion and R K Harrison Complete Merger

London-based intermediaries Hyperion Insurance Group Limited* and R K Harrison Holdings Limited (RKH) have completed the merger of their two businesses, following receipt of applicable regulatory and legal approvals. Acquiring 100 percent of the share capital of RKH, Hyperion has …