Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Marsh & McLennan Agency Acquires Lovitt & Touché in Arizona
Apr 2 2019 // Marsh & McLennan Agency LLC has acquired Phoenix, Ariz.-based Lovitt & Touché. Terms of the deal were not disclosed. Charlie Touché, Lovitt & Touché CEO since 1998, will lead MMA’s operations in...
NSM Insurance Group Acquires Embrace Pet Insurance
Apr 2 2019 // Program specialist NSM Insurance Group has acquired Embrace Pet Insurance, a Cleveland-based national provider of pet health insurance for dogs and cats. No terms of the transaction were disclosed. Embrace offers an...
Uber Wins Dismissal of Investor Suit Over Acquisition of Truck Firm Otto
Apr 2 2019 // Travis Kalanick, the co-founder of ride-hailing company Uber, and the company’s directors won the dismissal of an investor lawsuit that sought to hold them liable for a fight over trade secrets that slowed...
Tokio Marine HCC Acquires Cyber Specialist NAS in California
Apr 1 2019 // Tokio Marine HCC has acquired in Encino, Calif.-based NAS Insurance Services LLC. Terms of the deal were not disclosed. The acquisition of NAS represents the continuance of a partnership between NAS and the Tokio Marine...
Worley Claims Services Acquires Alacrity in Oregon
Apr 1 2019 // Worley Claims Services LLC has acquired Eugene, Ore.-based Alacrity Renovation Services LLC from Lowe’s Companies Inc. Terms of the deal were not disclosed. Worley, based in Fishers, Indiana, is a provider of...
AssuredPartners Acquires Connecticut’s Goodworks Financial Group
Apr 1 2019 // AssuredPartners Inc. has acquired Goodworks Financial Group of Glastonbury, Conn. Following the acquisition, Goodworks Financial Group’s team of 14 employees across multiple cities and offices in the Eastern region...
Brazil’s Caixa Economica Mulls Strategic Partners for Insurance, Asset, Card Units
Apr 1 2019 // Brazil’s Caixa Economica Federal is mulling strategic partnerships for its credit card, asset management and insurance units before taking them public, Chief Financial Officer Andre Laloni said on Friday [March...
Marsh & McLennan Completes $5.6 Billion Acquisition of Jardine Lloyd Thompson
Apr 1 2019 // Marsh & McLennan Cos. (MMC) completed its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc (JLT). “Today marks the beginning of a new era with Marsh & McLennan and JLT coming together. This is a...
Alliant Hires Rossi Capital Partners’ Rossi as Vice President in New York
Mar 29 2019 // Alliant has hired Francis Rossi as vice president. In this new role, the New York-based property and casualty insurance veteran will deploy his experience in finance, insurance and risk management to a portfolio of...
Alera Group Acquires New York City’s Phalanx Healthcare Solutions
Mar 28 2019 // Alera Group, a national insurance firm, has acquired Phalanx Healthcare Solutions LLC, effective March 1, 2019. Located in New York City, Phalanx is an insurance and reinsurance broker of medical malpractice insurance for...
SCOR Investment Partners Promotes Rostan as Head of Insurance-Linked Securities
Mar 28 2019 // SCOR Investment Partners announced the promotion of Sidney Rostan as head of Insurance-Linked Securities (ILS), effective April 1, 2019. Sidney Rostan replaces Vincent Prabis, who is leaving the company to take a different...
Seeman Holtz P&C Acquires Assets of Wisconsin’s Prey Insurance Services
Mar 28 2019 // Florida-based Seeman Holtz Property & Casualty LLC announced the asset acquisition of Prey Insurance Services LLC, headquartered in Shawano, Wisconsin. Led by Mike Prey and his team, Prey Insurance Services has been...
Hong Kong Grants Online Banking Licenses to Insurer ZhongAn, 2 Bank Joint Ventures
Mar 27 2019 // Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake-up in years in the city’s retail banking...
Marsh Partners with Insurers on Program to Help Firms Pick Best Cybersecurity Products
Mar 27 2019 // What the insurance industry has done for auto and building safety products, insurance broker Marsh wants to extend to cybersecurity products. That is, recommend the cybersecurity products that are the most effective. The...
Cohen & Co. Insurance Acquisition Corp. Raises $150 Million in IPO
Mar 26 2019 // Insurance Acquisition Corp., company sponsored by Cohen & Co. and formed for the purpose of acquiring or merging with insurance firms, completed an initial public offering that raised gross proceeds to the company of...
Arthur J. Gallagher & Co. Acquires Virginia’s McLean Insurance Agency
Mar 25 2019 // Arthur J. Gallagher & Co. has acquired Potomac Falls, Va.-based McLean Insurance Agency Inc. Established in 1971, McLean Insurance Agency offers retail property and casualty, life and employee benefit brokerage and...
RenaissanceRe Completes $1.5B Acquisition of Tokio Millennium Re
Mar 25 2019 // RenaissanceRe Holdings Ltd. announced it has concluded its acquisition of Tokio Marine Holdings’ reinsurance platform for $1.5 billion in cash and RenaissanceRe common shares. The acquisition of Tokio Millennium Re...
Hub Acquires Assets of Ritehealth Solutions in Colorado
Mar 19 2019 // Hub International Ltd. has acquired the assets of Lafayette, Colo.-based RiteHealth Solutions Inc. Terms of the deal were not disclosed. RiteHealth owner Rachel Zeman will join Hub Colorado as a senior employee benefits...
Former Mass. Agents’ Group CEO Mancini Partners with Renaissance Alliance
Mar 19 2019 // Francis A. Mancini, former president and CEO of the Massachusetts Association of Insurance Agents (MAIA), has partnered with Renaissance Alliance Insurance Services LLC (RAIS) working on new business development and...
Claim Solution Innovator CCG Moves into the Risk and Underwriting Arena with the Acquisition of RSI
Mar 19 2019 // Charlotte, North Carolina, March 19, 2019 – Consolidated Claims Group LLC (CCG), a leading provider of independent claim investigations, announced the acquisition of San Francisco-based Research Specialists Inc. (RSI), a...
