Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Hilb Group Acquires New England-Based 360 Corporate Benefit Advisors
May 29 2019 // The Hilb Group LLC (THG) has acquired New England-based 360 Corporate Benefit Advisors (360CBA). The transaction became effective May 1, 2019. With offices in Fairfield, Conn., and Wayland, Mass., 360CBA is an employee...
Pennsylvania’s KMRD Partners Welcomes Back McPoyle
May 29 2019 // KMRD Partners has welcomed back Colin P. McPoyle in a new business development role. In this role, he will work to identify new business opportunities and develop relationships and strategies with organizations to reduce...
Capital Insurance Group in California Officially Acquired by Auto-Owners Insurance
May 28 2019 // Capital Insurance Group is now a member of the Auto-Owners Insurance group of companies after regulatory approvals were cleared and closing documents were signed this week. CIG in February entered into an agreement to be...
Arthur J. Gallagher Acquires Indiana’s Cairnstone Financial
May 28 2019 // Arthur J. Gallagher & Co. has acquired Zionsville, Indiana-based Cairnstone Financial LLC. Terms of the transaction were not disclosed. Founded in 2010, Cairnstone Financial is a benefits consultant offering group...
Reinsurer SCOR Acquires Fund Manager Specializing in Insurance Linked Securities
May 23 2019 // French reinsurer SCOR said it had agreed to buy 100% of Coriolis Capital, an asset manager specialized ininsurance-linked securities, for an undisclosed amount. Coriolis Capital invests mainly in natural disaster bonds,...
Allianz Invests in Canadian Robo Adviser Wealthsimple, Leading $75M Funding Round
May 23 2019 // Wealthsimple, the Canadian robo adviser company controlled by Power Financial Corp., is gaining another behemoth shareholder as it slowly gears up for an initial public offering. Allianz X, the tech investment fund of...
The Hilb Group Acquires The Keane Insurance Group in Missouri
May 22 2019 // The Hilb Group LLC has acquired Missouri-based The Keane Insurance Group Inc. The transaction became effective May 1. Terms were not disclosed. KIG’s associates and John Keane, the agency leader, are joining THG...
Arthur J. Gallagher & Co. Acquires RPA, Innovative Coverage Concepts
May 22 2019 // Arthur J. Gallagher & Co. has acquired Parsippany, N.J.-based RPA Insurance Services LLC and Innovative Coverage Concepts LLC. RPA Insurance Services is a provider of insurance and risk management services to the...
Generali in Early Negotiations to Buy MetLife’s Central European Assets: Sources
May 22 2019 // Assicurazioni Generali SpA is in early talks to buy the Central European assets of MetLife Inc. as the Italian insurer seeks to expand through acquisitions in high-growth markets, according to people with knowledge of the...
Baldwin Promoted to CEO of Florida-Based Baldwin Risk Partners
May 22 2019 // Baldwin Risk Partners (BRP), a Tampa, Fla.-headquartered insurance distribution and consulting holding company, has appointed Trevor Baldwin as chief executive officer. He will take over for Lowry Baldwin, who will...
New York Firefighters Seek Insurance Payments for Ambulance Funding
May 21 2019 // Firefighters from around New York state are asking state lawmakers to change the law so fire departments can recoup the cost of emergency medical calls from patient insurance plans. Under current law, volunteer ambulance...
Arthur J. Gallagher Buys Minority Stake in India’s Edelweiss Insurance Brokers
May 21 2019 // Arthur J. Gallagher & Co. announced it has purchased a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a wholly owned subsidiary of Edelweiss Group, the Indian diversified financial services...
MS Amlin Acquires Stake in Specialist Reinsurance MGA Envelop Risk
May 21 2019 // MS Amlin announced the purchase of a strategic stake in Envelop Risk, a global specialist reinsurance managing general agent (MGA), which combines insurance expertise with artificial intelligence-driven cyber risk...
Florida InsurTech HoneyQuote to Offer Technology Platform to Business Partners
May 20 2019 // Digital insurance agency HoneyQuote.com launched a new partnership program that allows businesses across industries to use HoneyQuote services for customers to purchase homeowners insurance. As part of the program,...
Frederick H. DiMeo Acquires Ozwald and Speaker in California
May 17 2019 // The Frederick H. DiMeo Insurance Agency Inc. has purchased the personal lines division of Oakland, Calif.-based Ozwald and Speaker Insurance Services Inc. The acquisition includes the purchase of six books of business,...
Hartford to Close on $2.1 Billion Acquisition of Navigators on May 23
May 16 2019 // The Hartford said it has received all regulatory approvals needed to complete its acquisition of specialty insurer Navigators Group on May 23. “This acquisition is a significant milestone for our company and...
Munich Re Forms Global Partnership with Telematics Provider The Floow
May 16 2019 // Munich Re disclosed it will partner globally with telematics provider The Floow. The deal will help strengthen Munich Re’s telematics consulting offering but also allow The Floow’s products and services to be...
Alera Group Acquires HighRidge Insurance Services in California
May 16 2019 // Alera Group has acquired HighRidge Insurance Services in Westlake Village, Calif. HighRidge will join Alera Group through California firm Capital City Benefits & Insurance Services and will operate under that...
Tangram Insurance Services Acquires Assets of Pennsylvania’s GMG Underwriters
May 15 2019 // Tangram Insurance Services Inc., a managing general underwriter and program manager, has purchased the assets of Langhorne, Penn.-based managing general agent, GMG Underwriters (GMGU). The transaction became effective May...
Burnham Benefits in California Promotes Tunnell to Partner
May 14 2019 // Irvine, Calif.-based Burnham Benefits Insurance Services Inc. has promoted Raymond Tunnell to partner. Tunnell has nearly 30 years of experience in employee benefits consulting. He has been with Burnham Benefits since...
