Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.
Dec 1 2020 // AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to acquire International Specialty Brokers Ltd. (ISBL), a Bermuda-based P&C wholesale...
Private Equity Firm Cinven and Canada’s BCI to Buy Legacy Specialist Compre
Dec 1 2020 // Cinven, an international private equity firm, and British Columbia Investment Management Corp. (BCI), one of Canada’s largest institutional investors, announced they have reached an agreement to acquire Compre, a...
World Insurance Associates Acquires Connecticut’s Flanagan Associates
Dec 1 2020 // World Insurance Associates LLC (WIA) has acquired Flanagan Associates LLC of North Haven, Conn., on November 1, 2020. Terms of the transaction were not disclosed. Established more than 30 years ago, Flanagan Associates has...
Arthur J. Gallagher & Co. Acquires Pennsylvania’s JP Warner Associates
Nov 30 2020 // Arthur J. Gallagher & Co. has acquired Wayne, Penn.-based JP Warner Associates Inc., doing business as Warner Benefits. Terms of the transaction were not disclosed. Founded in 1997, JP Warner Associates is a...
AXA Sells Persian Gulf Business for $269 Million to Kuwaiti-Based Group
Nov 30 2020 // AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits some overseas investments to shore up its finances amid the coronavirus pandemic. The...
Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger
Nov 25 2020 // Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd. announced that their respective shareholders have voted to approve the merger of the two companies. Specialty reinsurer Third Point Re, and Sirius...
Zywave Acquires Insurance Technologies Corporation (ITC)
Nov 24 2020 // Insurance technology provider Zywave announced the acquisition of Insurance Technologies Corporation (ITC), a leading provider of marketing, rating and management software and services to the insurance industry. Zywave...
Cigna’s CEO and Board Sued for ‘Black-Ops-Style’ Tactics to Kill Merger with Anthem
Nov 24 2020 // Cigna Corp.’s chief executive officer and board used “black-ops-style” tactics in a covert campaign to “blow up” a $48 billion merger with rival insurer Anthem Inc., Cigna investors claim in a...
UK Insurer Aviva Sells Stake in Italian Life Unit for $475 Million
Nov 24 2020 // Aviva Plc is selling its stake in its Italian life insurance joint venture for about 400 million euros ($475 million) as Chief Executive Officer Amanda Blanc continues her revamp of the firm. The insurer will sell its 80%...
Kemper to Acquire American Access Casualty in Illinois for $370M
Nov 23 2020 // Specialty insurer, Kemper Corp., has agreed to acquire American Access Casualty Co, and its related captive insurance agency, Newins Insurance Agency Holdings LLC, and its subsidiaries (collectively “AAC”). AAC...
Howden Buys Cyber and Tech Specialist Broker Safeonline
Nov 23 2020 // Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd’s coverholder. The acquisition underlines the...
Digital Lloyd’s Syndicate Ki Goes Live with List of Broker Trading Partners
Nov 23 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced the onboarding of its first trading partners to its proprietary digital platform, providing access to its algorithmic underwriting...
Zurich Insurance in Talks to Acquire MetLife Unit for $4 Billion
Nov 22 2020 // Switzerland’s Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc.’s U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people familiar with...
Hudson to Acquire Pennsylvania’s Allegheny Group and Its Surety Operations
Nov 20 2020 // Specialty insurer Hudson Insurance Group has agreed to acquire the Allegheny Group Inc. (AGI) and its subsidiaries from its private shareholders. Hudson, by acquiring Pennsylvania-based AGI, will own Allegheny Surety Co.,...
Aon Targets M&A Market with Intellectual Property Assessment Offering
Nov 20 2020 // Insurance broker Aon has launched the Quality of Intellectual Property (QoIP) Solution that is designed to help companies receive higher transaction value by specifically articulating the quality of the seller’s IP...
Hub Acquires Assets of Michigan’s-Based United Shortline Insurance Services
Nov 19 2020 // Hub International Limited (Hub), a Chicago-based global insurance brokerage, has acquired the assets of United Shortline Insurance Services Inc. (USIS) in Port Austin, Mich. Terms of the transaction were not...
Pace of Broker Acquisitions Picks Up in 2nd Half, After COVID-Linked Lull in Q2
Nov 19 2020 // Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second quarter related to the coronavirus and the steep economic decline, according to a report published by...
Canada’s Intact Financial Caps Decade of Acquisitions with $9.4 Billion RSA Deal
Nov 19 2020 // After a decade of buying up rivals to become Canada’s largest property and casualty insurer, Intact Financial Corp. is looking across the Atlantic with its biggest deal yet. Intact sealed an agreement Wednesday to...
Bindley Capital, ForeSight Medical Ex-CEO Acquire Workers’ Comp Dental Provider
Nov 18 2020 // Bindley Capital Partners and Brian Bell, the founder and former chief executive officer of ForeSight Medical, have acquired a specialty dental firm serving workers’ compensation patients. Based in Tampa, DentalWorks...
HSCM Bermuda Takes Majority Stake in Florida Insurer Southern Fidelity After Merger
Nov 18 2020 // After a tumultuous year that included double-digit rate increases, an intervention by the state regulator and a merger, Florida-based insurer Southern Fidelity Insurance Co. (SFIC) and its affiliated entities have ceded a...
