Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
HDI Global Specialty Acquires Neon Underwriting’s Bloodstock Team
Feb 28 2019 // HDI Global Specialty SE, the new specialty lines insurer, has acquired Neon Underwriting’s bloodstock team. The team is led by Mark Edwards, who has been Neon’s head of Specialty and class underwriter...
R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Stabilis
Feb 28 2019 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary, Accredited Insurance (Europe) Ltd., has signed a new program underwriting partnership with Stabilis MGA Ltd., a UK...
U.S. Asks Court to Approve CVS-Aetna Merger
Feb 26 2019 // The U.S. Justice Department formally asked a judge on Monday to approve its deal to allow CVS Health Corp. to merge with insurer Aetna. Judge Richard Leon of the U.S. District Court for the District of Columbia scolded the...
U.K.’s Pool Re Sells Terrorism Risk Catastrophe Bond
Feb 26 2019 // A U.K. reinsurer has sold the first terror catastrophe bond, giving investors the chance to lock in high yields in return for taking on terrorism risks. The 75 million-pound ($99 million) three-year bond will pay 5.9...
FedNat to Buy Maison Homeowners Insurance Operations from 1347 Holdings
Feb 26 2019 // FedNat Holding Co. has agreed to purchase substantially all of 1347 Property Insurance Holdings homeowners’ insurance operations, consisting of Maison Insurance Co., Maison Managers and ClaimCor in a 50/50 cash and...
Zurich Insurance Acquires Dallas Digital Applications Firm, Sea Pine Technologies
Feb 26 2019 // Schaumburg, Illinois-based insurer Zurich North America has acquired 100 percent ownership of Sea Pine Technologies, a Dallas-based company specializing in digital applications for the marketing of vehicle protection...
Belgium’s Ageas Acquires 40% Stake in Indian Non-Life Insurer RSGI
Feb 25 2019 // Brussels-based insurer Ageas has acquired 40 percent of the share capital of the Indian Non-Life insurance company Royal Sundaram General Insurance Co. Limited (RSGI) for a total cash consideration of €185 million...
Anthem, Cigna in Court Battles Over Failed Merger
Feb 25 2019 // There’s no dispute that a $48.9 billion merger announced in 2015 between health insurers Anthem Inc. and Cigna Corp. imploded two years later over antitrust concerns. Now, the question is whether one owes the other...
Aquiline to Acquire Relation Insurance Services in California
Feb 21 2019 // Aquiline Capital Partners LLC, a private equity firm investing in financial services and technology, has entered into a definitive agreement to acquire Walnut Creek, Calif.-based Relation Insurance Services from private...
Private Equity Firm GTCR Returns to Take Majority Stake in AssuredPartners
Feb 21 2019 // Apax VIII, a fund advised by Apax Partners, has agreed to sell its entire stake in AssuredPartners, a growing U.S. insurance brokerage, to an investor group led by GTCR, a Chicago-based private equity firm. GTCR previously...
Built on Organic Growth, S. African Insurer Discovery Now Weighs M&As
Feb 21 2019 // South African insurer Discovery could expand through acquisitions in the future but must first work out how its innovative fluctuating premiums, based on clients’ lifestyle behaviors, could be applied to more...
C&S Insurance Acquires Massachusetts’ Francis M. Walley Insurance Agency
Feb 20 2019 // C&S Insurance has acquired Dedham, Mass.-based Francis M. Walley Insurance Agency. Since assuming ownership in 2012, C&S Insurance second-generation owners Ben Cavallo and Keith Signoriello have completed seven...
Hong Kong Insurer FWD Hires Ex-Deutsche Bank Dealmaker as M&A Adviser
Feb 20 2019 // FWD Group, the insurer backed by Hong Kong billionaire Richard Li, has hired former Deutsche Bank AG dealmaker Tan Boon-Kee as senior adviser for mergers and acquisitions. Tan, who will be based in Singapore, started in...
Auto-Owners to Acquire Capital Insurance Group in California
Feb 19 2019 // Auto-Owners Insurance has entered into a definitive agreement to acquire Monterey, Calif.-based Capital Insurance Group. Terms of the deal were not disclosed. Auto-Owners Insurance Group is headquartered in Lansing, Mich....
Apollo Global Management Completes Acquisition of Aspen Insurance
Feb 19 2019 // Apollo Global Management LLC, the investment firm led by Leon Black, has completed its acquisition of Aspen Insurance Holdings for $42.75 per share in cash, with an equity value of approximately $2.6 billion. The...
Agency Merger & Acquisition Deals Hit All Time High, Again
Feb 18 2019 // The year of 2018 brought an all-time high of merger and acquisition (M&A) activity to the insurance industry. Consolidation of firms, both at a local level with M&A by independent agents and brokers, and...
Ryan Specialty Group to Acquire Texas’ Myron F. Steves & Co.
Feb 15 2019 // Chicago-based Ryan Specialty Group has agreed to acquire the assets and operations of Myron F. Steves & Co., an independently owned wholesale insurance brokerage headquartered in Houston, Texas, with additional offices...
Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia
Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...
Hanover Partners with RSA Group to Expand International Specialty Offerings
Feb 15 2019 // The Hanover Insurance Group, Inc. has a new agreement with the multinational insurer RSA Group to join its global network as a U.S. strategic network partner. This relationship expands The Hanover’s international...
Hub International Acquires Assets of Toronto-Based Firstbrook Pointon Benefits
Feb 15 2019 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Firstbrook Pointon Benefits Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario in Canada,...
