Mergers and Acquisitions News

AXIS Capital Not Engaged in Buyout Talks with Arch – Sources

AXIS Capital Holdings Ltd. has not communicated with any potential acquirer, including Arch Capital Ltd., since it engaged in merger talks with competitor PartnerRe Ltd last fall, people familiar with the matter said on Thursday. The Financial Times wrote on …

Texas-Based Walker Myers Acquired by The Hilb Group

The Hilb Group LLC (THG) has acquired Texas-based Walker Myers Insurance & Risk Management LLC. With offices in Houston, San Antonio, Austin and Corpus Christi, Walker Myers presents its clients an array of insurance and consultative offerings with expertise in …

AXIS Share Price Climbs on Speculation It Is Potential Takeover Target

AXIS Capital Holdings Ltd., the insurer that agreed to merge with PartnerRe Ltd., jumped in New York trading on speculation that the deal could fall apart, which could put AXIS in play to be taken over by another company. EXOR SpA, the …

USI Acquires First Merchants’ Insurance Brokerage

USI Insurance Services (USI) has acquired Indiana-based First Merchants Insurance Group, a retail property/casualty and employee benefits insurance brokerage operation, from First Merchants Corp. (First Merchants). This acquisition further strengthens USI’s presence as one of the leading middle market insurance …

NU Holdings Acquires Indianapolis Loss Control Services Firm

NU Holdings Inc., based in Dayton, Ohio, has acquired Indianapolis-based Thorn Valley Enterprises, which provides loss control services to insurers and general agencies. Thorn Valley has been in operation since 2000. According to the companies’ announcement, investments in technology, expanded marketing …

Tokio Marine to Buy HCC for $7.5B in Biggest Ever Deal by Japanese Insurer

Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at home. Tokio Marine will pay $78 in cash …

Update: Bermuda Court Rules in Favor of PartnerRe; EXOR Responds

The Supreme Court of Bermuda has denied EXOR’s request to obtain shareholder information from PartnerRe, the reinsurer that is seeking to merge with AXIS Capital Holdings and avoid a hostile takeover from EXOR SpA. “EXOR’s application has been denied and …

Hudson Insurance Acquires Euclid Managers of Kansas City

Hudson Insurance Co. (Hudson) has acquired Euclid Managers LLC of Kansas City, Mo. (Euclid-KC) from Euclid Insurance Services Inc. and Euclid-KC’s management. Euclid-KC is an underwriting and claims manager for internet, tech, media, manufacturers and miscellaneous professional liability risks. The …

Kansas-Based Infinity Insurance Solutions Acquired by Patriot National

Patriot National Inc., headquartered in Fort Lauderdale, Fla., has acquired Infinity Insurance Solutions, a premium auditing and underwriting survey agency based in Overland Park, Kan. Infinity serves providers of workers’ compensation, general liability and property and casualty insurance. Infinity’s President Steve Sales will …

AssuredPartners Acquires Indianapolis’ CoLiance Risk Advisors

Lake Mary, Fla.-based AssuredPartners Inc. has acquired CoLiance Risk Advisors through its AssuredPartners of Indiana subsidiary. The Indianapolis-based agency will operate under the local leadership of Managing Director Judd Feldman. CoLiance is a full service commercial property and casualty and …