Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Investors, Bondholders Sue Occidental Over Anadarko Merger
Jun 1 2020 // Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7...
Texas Windstorm Insurer Lays Out Funding Plan for 2020 Hurricane Season
Jun 1 2020 // The board of directors of Texas’ property insurer of last resort for wind and hail in the state’s coastal counties in February set a goal of $4.2 billion in catastrophe funding for 2020. At a meeting of the...
AssuredPartners Acquires Cypress Insurance Group of Florida
May 29 2020 // AssuredPartners, Inc. has acquired Cypress Insurance Group, Inc. of Fort Lauderdale, Fla. The team of 20 will remain under the operational leadership of Terry Bond and Debbie Arciola. The agency currently reports $3...
New Hampshire Man Charged in Scheme that Used Bitcoin to Buy Personal Data
May 29 2020 // A New Hampshire man has been charged in a fraud scheme that involved using Bitcoin to buy stolen personal data belonging to people across the country, officials said. Jonathan Nguyen, 23, of Windham, was charged Tuesday in...
U.S. Warns Partners, Industrial Firms About Russian Hacking Operation
May 29 2020 // The U.S. National Security Agency on Thursday warned government partners and private companies about a Russian hacking operation that uses a special intrusion technique to target operating systems often used by industrial...
Texas Windstorm Insurer Outlines Funding for 2020 Hurricane Season
May 29 2020 // The board of directors of Texas’ property insurer of last resort for wind and hail in the state’s coastal counties in February set a goal of $4.2 billion in catastrophe funding for 2020. At a meeting of the...
Workers’ Compensation Insurtech Pie Raises $127 Million With Plan to Acquire Carriers
May 28 2020 // Workers’ compensation provider Pie Insurance announced the closing of $127 million in new financing and capital commitments. Gallatin Point Capital joined the insurtech’s current investors in the capital raise,...
Insurtech Trov Partners with LatAm Insurer Sura to Bring On-Demand Insurance to Brazil
May 28 2020 // Trov, the San Francisco-based insurtech company, is partnering with Latin American insurer Seguros Sura to bring on-demand insurance products to the Brazilian market. Recent regulatory changes in Brazil have enabled...
PartnerRe Taps Meyenhofer as CEO Specialty Lines, Haft as CEO Global Cat
May 27 2020 // PartnerRe announced that the company will change responsibilities in its executive leadership for Specialty Lines and will create the new role of CEO Global Cat. Effective June 1, Philippe Meyenhofer will be appointed CEO...
Smart Choice® Grows to 8,000 Agency Partners
May 27 2020 // High Point, NC, May 27, 2020 – Smart Choice®, remains the nation’s fastest growing independent agency network, after partnering with over 350 new agencies in the first quarter of 2020, and reaching a milestone of...
Service American, Tangram Insurance Partner on Workers’ Comp Program
May 21 2020 // Service American Indemnity Co. (SAIC), a national workers’ compensation carrier, is partnering with Tangram Insurance Services Inc. (Tangram), a managing general underwriter and program manager, to enhance...
Cyber Seller Coalition Counters Insurtech Funding Dip, Raises $90 Million for Expansion
May 21 2020 // Coalition, an insurtech managing general agency focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global...
Altamont Capital Deal to Acquire Topa Insurance Called Off
May 20 2020 // The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa Insurance Group from its...
NFP Acquires Pennsylvania-Based Insurance Broker Team Scotti
May 20 2020 // Insurance broker NFP as acquired LFG Inc., which does business as Team Scotti). The transaction closed effective December 1, 2019. Team Scotti, based in Pittsburgh, Penn., and founded in 1987, is a national insurance...
Hub Acquires Assets of Massachusetts’ Lashua-LaChance & Poliks Insurance Agency
May 18 2020 // Hub International Limited, a global insurance brokerage, has acquired the assets of Lashua-LaChance & Poliks Insurance Agency Inc. Terms of the transaction were not disclosed. Located in Gardner, Mass., Lashua-LaChance...
BMS Signs Long-Term Partnership Agreement with Chilean Broker Insurex Re
May 18 2020 // BMS Group, the London-based specialist re/insurance broker, announce it has signed a preferred partner agreement with the independent Chilean reinsurance broker and existing trading partner Insurex Re, a company owned by...
Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding
May 15 2020 // Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence...
Hub International Acquires Assets of Hatchett Insurance Agency of Tennessee
May 15 2020 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Hatchett Insurance Agency, LLC (Hatchett Insurance). Terms of the transaction were not disclosed. Located in Winchester, Tenn.,...
Insurtech Zego Expands Partnership with RSA to Provide Cover for UK Van Fleets
May 14 2020 // London-based insurtech Zego has expanded its partnership with RSA Insurance to provide flexible cover for van fleets. Zego is offering usage-based policies to delivery, courier or trade van fleets of 20-200 vehicles in the...
Exor Plays Hardball with French Insurer Covéa as PartnerRe Deal Collapses: Opinion
May 14 2020 // Renege on a deal with the Agnellis and you can expect to pay for it. Scion John Elkann has refused to renegotiate the Italian family’s $9 billion sale of its reinsurance business after the buyer, French mutual...
