Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
EXOR to Sell PartnerRe to French Insurer Covea for $9 Billion
Mar 4 2020 // EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a very profitable thing for the Italian investment firm. EXOR bought the Bermuda-based reinsurer in March 2016 for $6.72...
PointeNorth Insurance Group Acquires Iron Mountain Insurance of Alabama
Mar 4 2020 // PointeNorth Insurance Group, LLC (PNIG), an independent insurance agency in the Southeast with local ownership, has expanded its reach in the region with the acquisition of Iron Mountain Insurance, located in Birmingham,...
Alliant Acquires Pend Oreille Insurance in Idaho
Mar 3 2020 // Alliant Insurance Services Inc. has acquired Pend Oreille Insurance in Idaho. Pend Oreille is led by co-owners Stefanie Nostdahl and Jodie Corless. Nostdahl and Corless, along with the entire Pend Oreille team, will join...
Arthur J. Gallagher Acquires New York’s CMS
Mar 3 2020 // Arthur J. Gallagher & Co. has acquired Melville, N.Y.-based CMS LLC. Terms of the transaction were not disclosed. Founded in 1996, CMS LLC is a full-service wholesale insurance broker working with agents across the...
Walsh Duffield Announces Partnership with New York’s OSEA
Mar 3 2020 // Walsh Duffield, a fifth-generation, family owned insurance company, has partnered with OSEA Inc., a 30-year-old environmental, health, safety and security consulting firm, to provide risk management services to its...
USI Insurance Services Acquires Full Service Insurance Agency of Tennessee
Mar 3 2020 // USI Insurance Services, a provider of risk management, employee benefit and retirement plan consulting, has acquired Franklin, Tenn.-based Full Service Insurance Agency, Inc. Founded in 1975, Full Service Insurance is a...
Chaucer Partners with Artificial Labs to Offer ‘Next Generation’ U/W Platform
Mar 2 2020 // Chaucer, the London-based specialty re/insurance group, announced a new partnership with London-based insurtech Artificial Labs to deliver a next generation underwriting platform for high-volume specialty products. The...
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
The Hilb Group Acquires Assets of Rhode Island’s D.F. Dwyer & Associates
Feb 28 2020 // The Hilb Group LLC (THG) has acquired certain assets of Rhode Island-based D. F. Dwyer & Associates LLC (DFD). The transaction became effective February 1, 2020. Based in Newport, R.I., DFD provides a full range of...
Nationwide, Generali Form Joint Venture N2G to Sell Multinational Commercial Lines
Feb 27 2020 // Trieste, Italy meet Columbus, Ohio. Ciao! Hello! Two large insurers — Ohio’s Nationwide and Italy’s Generali — are teaming up to serve commercial insurance customers with global needs. The insurers...
IMA Group Acquires Behavioral Health Firm PsyBar
Feb 27 2020 // Tarrytown, N.Y-based employment services firm The IMA Group (IMA) has acquired PsyBar, a specialty provider of behavioral health, independent medical exams and other employment-related services nationally. Edina,...
Zurich Insurance Partners with Cyber-Security Specialist CYE
Feb 26 2020 // Zurich Insurance Group has created a new offering together with cyber-security company CYE to shield businesses against the growing risks of cyber crime. With the partnership, Zurich’s specialist cyber insurance and...
AssuredPartners Acquires Superior Benefits of Florida
Feb 26 2020 // AssuredPartners, Inc. has acquired Superior Benefits, Inc. of Tampa, Fla., a national employee benefits agency with $1.5 million in annualized revenues. Superior Benefits staff will remain under the operational leadership...
Intuit to Acquire Credit Karma for $7.1 Billion
Feb 25 2020 // Intuit, the maker of TurboTax, QuickBooks and Mint, has agreed to acquire Credit Karma, the consumer technology platform, for approximately $7.1 billion in cash and stock. The combination brings together two technology...
USI Insurance Services Acquires Forté Benefits in Texas
Feb 25 2020 // USI Insurance Services has acquired Fort Worth, Texas-based Forté Benefits, a full-service employee benefit broker-consulting firm. All of the agency’s employees and four partners — Logan Dickinson, Jeff Farmer,...
Arch Capital to Buy 29.5% Stake in French Credit Insurer Coface
Feb 25 2020 // Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake in Coface, a France-based trade credit insurer. The transaction will be completed at a price of...
Has Our Company Partnered with a Bad Recruiter?
Feb 24 2020 // The most popular “Ask the Insurance Recruiter” article in 2019 was July’s Partner or Pariah? 5 Hacks to Improve Your Experience Working with Recruiters. This was inspired by the negative reports I hear...
ProAssurance Looks to Acquire NORCAL in $450M Deal
Feb 21 2020 // Healthcare liability insurer ProAssurance Corp. has agreed to acquire medical professional liability insurer NORCAL Mutual Insurance Co. following NORCAL’s demutualization in a $450 million transaction. Based on...
Bills in Congress, States Seek to Curb Litigation Funding
Feb 20 2020 // Lawmakers in three states and in Congress have introduced bills to impose more controls on litigation funding companies, which insurers contend are one of the factors leading to an increase in “nuclear...
Arizona Flood Control Project Receives Federal Funding
Feb 20 2020 // Flagstaff, Ariz.’s mayor hailed a federal agency’s commitment of $52 million for a major flood control project, saying it will protect the northern Arizona city from potentially catastrophic effects of flooding...
