Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
P/C Insurers Expect Smaller M&As to Continue in 2020
Mar 13 2020 // Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the property/casualty insurance executives surveyed by Deloitte still expect to complete an M&A transaction in...
Iowa’s First MainStreet Insurance Acquires 3 New Agencies
Mar 13 2020 // First MainStreet Insurance (FMSI), a Cedar Rapids, Iowa-based affiliate of TrueNorth Companies, has closed on its acquisition of three new agencies. The firm expanded to Western Iowa with the merger of EGR Insurance in...
AssuredPartners Acquires Wateridge Insurance Services in California
Mar 12 2020 // AssuredPartners Inc. has acquired Wateridge Insurance Services Inc. of San Diego, Calif. The team of 67 will remain under the operational leadership of Jeff Byroads, John Clanton and John Dorris. Lake Mary, Fla.-based...
Hub Acquires Assets Harris, Madden, Powell, Stallings & Brown of Tennessee
Mar 12 2020 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Harris, Madden, Powell, Stallings & Brown, Inc. (HMP). Terms of the transaction were not disclosed. HMP is an independent,...
The Hilb Group Acquires Massachusetts’ LifePlus Insurance Agency
Mar 12 2020 // The Hilb Group LLC (THG) has acquired Massachusetts-based LifePlus Insurance Agency Inc. (LPINS). The transaction became effective March 1, 2020. Established in 2004, LPINS is a full-service ancillary benefits agency,...
World Insurance Associates Acquires New Jersey’s Lewis-Chester Associates
Mar 11 2020 // World Insurance Associates LLC (WIA) acquired Lewis-Chester Associates Inc. of Summit, N.J., on February 1, 2020. Terms of the transaction were not disclosed. Founded in 1947, Lewis-Chester Associates Inc. is a full...
Aon and Willis Towers Watson Say Merger Is All About ‘Getting Better, Not Bigger’
Mar 10 2020 // There are several talking points that are evident about the planned merger of broking giants Aon and Willis Towers Watson. First, it’s not about getting bigger; it’s about getting better. And, second,...
Iowa’s BrokerTech Ventures Adds 5 New Agency Partners, Names Hatten as COO
Mar 10 2020 // BrokerTech Ventures (BTV), the Des Moines, Iowa-based broker-led investor group and accelerator program, has added five new investor partners/sponsors, including Heffernan Insurance Brokers Inc., The Horton Group, Inc.,...
Investor Lawsuit Against Bayer Cites ‘Disastrous’ Monsanto Acquisition
Mar 9 2020 // A Bayer AG investor sued the board and other top company officials, claiming the “disastrous” 2018 acquisition of Monsanto Co. eroded the company’s share value by saddling it with potentially billions of...
Nexus’ Broking Division Xenia Buys Howden’s UK Trade Credit Business
Mar 9 2020 // Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has entered into an agreement to acquire Howden UK Group’s trade credit broking business, based in...
Aon to Buy Willis Towers Watson
Mar 9 2020 // Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. Under the terms of the...
4 State Senators Named to Funding Oversight Board of Texas Windstorm Insurer
Mar 9 2020 // Texas state Sen. Kelly Hancock (Richland Hills), Sen. Juan “Chuy” Hinojosa (McAllen), Charles Schwertner (Georgetown) and Larry Taylor, (Friendswood) have been appointed to the Windstorm Insurance Legislative...
Realign Capital Strategies in California Names McAuliffe Partner
Mar 9 2020 // San Diego, Calif.-based Realign Capital Strategies LLC has named Tim McAuliffe a partner. McAuliffe is an underwriter with more than 25 years of experience in various lines of business. He previously spent 10 years with...
TWIA Sets Funding for Catastrophe Year 2020 at $2.4B
Mar 9 2020 // The wind and hail insurance carrier of last resort for counties along the Texas coast has determined that its 1-in-100 probable maximum loss (1:100 PML) for the 2020 catastrophe year is $4.2 billion. At a quarterly meeting...
Haynes and Boone Hires Raptis as a Partner in Its Washington D.C. Office
Mar 6 2020 // Haynes and Boone LLP has hired Stephen Raptis as a partner in the Washington, D.C., office, bolstering the national expansion of the firm’s Insurance Recovery Practice Group. Over his 25-year career, Raptis has...
Hub International Acquires Ontario-Based LSM Insurance Services
Mar 6 2020 // Hub International Ltd., a Chicago-based insurance brokerage, announced that it has acquired LSM Insurance Services Ltd. (LSM). Terms of the transaction were not disclosed. Headquartered in Markham, Ontario, Canada, LSM is...
UK’s Aviva to Sell Entire Stake in Indonesia Joint Venture
Mar 6 2020 // British insurer Aviva said on Friday it would pull out completely from Indonesia by selling its entire stake in joint venture PT Astra Aviva Life to its partner in the operation. “The transaction is expected to...
Risk Strategies Acquires Atlas Insurance Management of North Carolina
Mar 6 2020 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Atlas Insurance Management of North Carolina, a company that works on the formation and management of captive insurance...
Virtus Acquires First Line Insurance Services in Colorado
Mar 5 2020 // Virtus LLC and its subsidiary Virtus Rocky Mountain LLC have acquired Denver, Colo.-based insurance brokerage firm First Line Insurance Services. Terms of the deal were not disclosed. First Line’s focus has been on...
Tokio Marine HCC to Buy MGA GCube, Renewable Energy Specialist
Mar 5 2020 // Tokio Marine HCC has agreed to snatch up GCube, a managing general agent with a focus on renewable energy risks. The deal is expected to close in the 2020 second quarter, pending the usual regulatory approval process and...
