Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
CFC Launches Transaction Liability Product for Portfolio Acquisitions
Jul 8 2020 // CFC has enhanced its transaction liability suite of products with launch of a new product designed for private equity firms and businesses pursuing a portfolio of add-on acquisitions for existing or newly acquired platform...
Specialty Program Group Acquires Assets of Beacon Hill Associates
Jul 8 2020 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of Beacon Hill Associates Inc. (BHA), an environmental wholesale brokerage firm,...
Allstate to Buy National General for $4 Billion, Growing Auto, Independent Agent Business
Jul 8 2020 // U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed traffic on roads and...
QBE Sells Stake in India Insurance Joint Venture to Fintech Platform Paytm
Jul 8 2020 // India’s financial technology platform Paytm is set to acquire Mumbai-based private sector general insurer Raheja QBE General Insurance Co. Ltd. The acquisition is subject to customary conditions, including approval...
TrueNorth Adopts First MainStreet Insurance Name; Acquires Hylant of Nashville
Jul 8 2020 // The TrueNorth Companies Nashville branch will adopt the name of its affiliate, First MainStreet Insurance (FMSI), as part of its efforts to further its presence in the Nashville market. According to TrueNorth Nashville...
After CoreLogic Rejects Their Takeover Bid, Investment Firms Vow to Press Ahead
Jul 7 2020 // The board of data analytics firm CoreLogic yesterday unanimously rejected an acquisition offer from an investment firm and hedge fund, calling the unsolicited bid undervalued. CoreLogic added that it would be willing to...
Sunstar Insurance of Tennessee Completes Recapitalization with BBH Capital Partners
Jul 7 2020 // Sunstar Insurance Group, LLC has completed a majority recapitalization with BBH Capital Partners (BBHCP), the private equity strategy of Brown Brothers Harriman & Co. (BBH). Terms of the transaction were not disclosed....
Hub Acquires Assets of Gus Bates Insurance & Investments in Texas
Jul 6 2020 // Chicago-based global insurance brokerage, HUB International Limited (Hub), has acquired the assets of GBC Benefits Ltd., d/b/a Gus Bates Insurance & Investments (Gus Bates I&I), located in Fort Worth, Texas. Terms...
Do Police Officers Need to Buy Professional Liability?
Jul 6 2020 // Law enforcement practices and reform have been on the minds of many city government leaders in recent weeks. Some groups are advocating that police officers carry professional liability insurance. Let’s examine this...
LP Insurance Services Acquires Meridian Insurance Services in Nevada
Jul 2 2020 // LP Insurance Services LLC has acquired Meridian Insurance Services in Nevada. As a result of the acquisition, Karen Wagner, former head of sales and service operations for Meridian, has been named the executive vice...
Propel Insurance Acquires HealthCare Services of Tennessee
Jul 2 2020 // Propel Insurance, a retail insurance agency and a portfolio company of Flexpoint Ford, has acquired HealthCare Services (HCS), a risk management and insurance consulting firm based in Knoxville, Tenn., that specializes in...
USI Closes Acquisition of Associated Benefits & Risk Consulting
Jul 2 2020 // USI Insurance Services (USI), headquartered in Valhalla, N.Y., has completed its acquisition of Associated Benefits & Risk Consulting (ABRC) from Associated Banc-Corp., based in Green Bay, Wisconsin ABRC is a...
Insurity Acquires Epic-Premier Insurance Solutions of Florida
Jul 1 2020 // Insurity, Inc., a provider of cloud-based core systems and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Florida-based Epic-Premier Insurance Solutions, Inc. Epic-Premier offers software...
World Insurance Associates Acquires Pinnacle Insurance Group of Indiana
Jul 1 2020 // World Insurance Associates LLC (WIA) has acquired Pinnacle Insurance Group of Indiana. Terms of the transaction were not disclosed. Since 1942, Pinnacle Insurance Group of Indiana has been a trusted insurance and risk...
Austin’s AgencyKPI Secures $5M in Funding from Insurance Industry
Jun 30 2020 // AgencyKPI, which has developed a business intelligence platform designed to address and manage the abundance of data produced by multiple software programs and legacy systems across the insurance industry, has closed on $5...
Mining Groups Should Be Required to Buy Insurance for Tailings Dams: Report
Jun 30 2020 // Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report...
Data and Analytics Firm CoreLogic Weighs Unsolicited Acquisition Bid
Jun 29 2020 // Data and analytics firm CoreLogic disclosed it has received an unsolicited acquisition bid from an investment firm and hedge fund. Cannae Holdings and Senator Investment Group offered to acquire all outstanding common...
Italy’s Generali Eyes Possible Acquisition of U.S. Asset Manager Brightsphere: Sources
Jun 29 2020 // Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. A deal would expand the U.S....
Arthur J. Gallagher Acquires Cunnington & Associates in Idaho
Jun 29 2020 // Arthur J. Gallagher & Co. has acquired Meridian, Idaho-based Cunnington & Associates Inc. Greg and Nick Cunnington and their associates will continue to operate from their current location under the direction of...
Italy’s Generali Moves to Become Cattolica Major Shareholder, Strategic Partner
Jun 26 2020 // Italy’s largest insurer Assicurazioni Generali SpA said it will become a major shareholder in Cattolica Assicurazioni SC and a strategic partner with Cattolica in several areas of mutual opportunity. Generali said it...
