Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Generali Is Front-Runner to Buy Portugal Insurer Tranquilidade: Sources
Jul 1 2019 // Assicurazioni Generali SpA has emerged as the front-runner to acquire Apollo Global Management’s Tranquilidade, the second-largest non-life insurer in Portugal, people familiar with the matter said. The Italian...
Are Millennials More Likely to Buy Flood Insurance?
Jul 1 2019 // Are Millennials More Likely to Buy Flood Insurance? Are younger homeowners more likely to protect their property by buying flood coverage? It seems so, according to a recent study. Millennials — those born between...
Partner or Pariah? 5 Hacks to Improve Your Experience Working With Recruiters
Jul 1 2019 // Q: How am I supposed to use a recruiter when my company had a horrible experience with a firm? A: A great question and an excellent starting point for my advice on working with third-party recruiters. I’ve been in...
Cyber Risks Are Jeopardizing M&A Deals
Jun 28 2019 // Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done. Of more than 2,700 information...
High Street Acquires Assets of Michigan’s Tompkins Insurance Agency
Jun 27 2019 // High Street Insurance Partners (High Street), a provider specialty commercial property/casualty insurance, employee benefits services and personal lines, has acquired the assets of the Tompkins Insurance Agency (TIA), an...
Moody’s, Israel’s Team8 to Offer Business Cyber Risk Benchmark for M&As, Insurance
Jun 27 2019 // Ratings agency Moody’s Corp. and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global benchmark. Cyber...
Arthur J. Gallagher to Acquire Minority Stake in Prague-Based Broker Renomia
Jun 26 2019 // Arthur J. Gallagher & Co. announced it has signed an agreement to purchase a minority stake in Prague-based Renomia. The deal is subject to regulatory approval and is expected to close in the third quarter of 2019....
World Insurance Associates Acquires New Jersey’s Links Insurance Services
Jun 25 2019 // World Insurance Associates LLC (WIA), an independent insurance agency headquartered in Tinton Falls, N.J., has acquired Links Insurance Services LLC of Wall, N.J., on June 13, 2019. Links Insurance Services LLC was...
Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture
Jun 25 2019 // Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the...
Tokio Marine Looking for Insurance Acquisitions in Asia, Other Markets
Jun 25 2019 // Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan’s largest...
NFP Acquires Excel Bonds & Insurance Services in California
Jun 21 2019 // NFP has acquired Sacramento, Calif.-based Excel Bonds & Insurance Services Inc. The deal closed May 1. Cathy Skeen and Dave Garese, former founders and principals, will join NFP as senior vice presidents, reporting to...
Legacy Specialist Compre Completes 3 Run-Off Acquisitions
Jun 19 2019 // Compre, the London-based independent re/insurance legacy specialist, announced it has signed three transactions involving Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Co. Ltd. (Helvetia), and an undisclosed...
Higginbotham in Texas Buys Commercial Insurance Unit of Extraco Banks
Jun 19 2019 // Extraco Banks has sold its commercial insurance operation to Fort Worth, Texas-based independent insurance broker, Higginbotham. Extraco Insurance is a group of five property/casualty insurance professionals operating in...
Chubb to Partner with National Association of Women Business Owners
Jun 18 2019 // The National Association of Women Business Owners (NAWBO) has partnered with Chubb to provide NAWBO members with small business insurance resources, including education, insurance products and services generally reserved...
Hub International Acquires Foster & Parker Insurance Agency in California
Jun 18 2019 // Hub International Ltd. has acquired Foster & Parker Insurance Agency Inc. Terms of the deal were not disclosed. Steve Barsotti, president of Foster & Parker Insurance, and the staff will join Hub California. Foster...
Arthur J. Gallagher Acquires Australia Workplace Risk Consultant P2 Group
Jun 18 2019 // Arthur J. Gallagher & Co. announced the acquisition of Hawthorn, Victoria-based P2 Group. Terms of the transaction were not disclosed. Founded in 2003, P2 Group helps employers proactively manage occupational health...
PERILS Buys Canada’s Catastrophe Loss & Exposure Analysis Firm CatIQ
Jun 18 2019 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has acquired Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ). Financial details of the deal were...
Chicago to Partner with Gallagher in Overhaul of City’s Workers’ Comp Program
Jun 18 2019 // Chicago Mayor Lori E. Lightfoot said the city will partner with Gallagher Bassett, an international public sector claims administrator, as well as Gallagher Global Brokerage Risk Program Administrators, to overhaul and...
Michigan’s High Street Insurance Names Tuitas Sr. Partner, CFO
Jun 18 2019 // High Street Insurance Partners (High Street), a Michigan-based provider of commercial insurance, personal lines and employee benefits services, has appointed Dave Tuitas as senior partner and chief financial officer. Tuit...
Hub Acquires Assets of Atlanta-based Insurtech In-Fi; Hires Chasteen
Jun 18 2019 // Hub International Limited, has acquired the assets of CBIS, LLC, d/b/a “In-Fi” (In-Fi). Terms of the transaction were not disclosed. Established in 2016 by co-founder Jon Chasteen, In-Fi developed a...
