Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
BGC Partners Completes Acquisition of UK’s Ed Broking Group
Feb 1 2019 // BGC Partners, Inc., a global brokerage and financial technology company, announced it has completed the acquisition of Ed Broking Group Ltd., the London-based independent Lloyd’s broker. BGC acquired 100 percent of...
MMC Acquisition of JLT on Track to Close in Spring
Jan 31 2019 // Marsh & McLennan Cos.’ $5.6 billion acquisition of Jardine Lloyd Thompson Group is on track to close this spring. MMC CEO Dan Glaser, who described the deal as one of “strength on strength,” told...
New Hampshire’s Optisure Risk Partners Hires Roy to Business Insurance Division
Jan 31 2019 // Optisure Risk Partners, a national insurance and risk management firm headquartered in Manchester, N.H., has hired Jackie Roy as an account executive in the business insurance division, providing professional and...
Underwriting Platform elseco Agrees to Buy MGA, Selected Renewal Rights from StarStone
Jan 31 2019 // Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire its managing general agent, Malakite Underwriting Partners Ltd., and the renewal rights to...
Insurtech Geared to Autonomous Vehicle Coverage Grabs $5 Million in Funding
Jan 30 2019 // A startup focused on rewarding drivers and fleet owners that use autonomous vehicles and semi-autonomous car safety features has raised $5 million in seed funding. California-based Avinew’s technology uses artificial...
Arthur J. Gallagher Acquires The Chapman Group in Louisiana
Jan 30 2019 // Global insurance brokerage, risk management and consulting services firm ,Arthur J. Gallagher & Co., has acquired Baton Rouge, Louisiana-based The Chapman Group Inc. Terms of the transaction were not disclosed. Founded...
Private Equity Again Drove Agency M&As in U.S., Canada in 2018: OPTIS
Jan 29 2019 // Mergers and acquisitions of insurance agents and brokers last year broke several records in 2018, with private equity/hybrid buyers accounting for 68 percent of the total. According to consultants at OPTIS Partners’...
Correction: Johnson & Johnson Acquires Assets of Strickland General Agency of Louisiana
Jan 29 2019 // CORRECTION: Insurance Journal would like to clarify its original reporting on this transaction to make clear that Johnson & Johnson acquired only the assets of Strickland General Agency of LA, Inc., and not the stock...
Allianz Enters Formal Negotiations to Buy Malaysia Car Insurer: Sources
Jan 29 2019 // Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co., people with knowledge of the matter...
Arlington/Roe Finalizes Acquisition of Wisconsin Surplus Lines Broker
Jan 28 2019 // Indianapolis-based managing general agent and wholesale insurance broker Arlington/Roe & Co. has completed the acquisition of Robert W. Schmidt & Company LLC, a special risk broker located in the Milwaukee suburb...
PIMCO and Allianz Partner to Launch Insurance Linked Securities Business
Jan 28 2019 // PIMCO, the Newport Beach, Calif.-based fixed income investment manager, has hired Rick Pagnani from Mt. Logan Re as executive vice president, to lead the launch of the firm’s property and casualty insurance linked...
Wilkinson Insurance Services Acquires Commercial Insurance Services of Virginia
Jan 25 2019 // Wilkinson Insurance Services Inc., an insurance premium audit services company based in Huntsville, Ala., is expanding to Virginia with its acquisition of Commercial Insurance Services of Virginia. The acquisition is...
Ryan Specialty Group Reaches Agreement to Acquire Boston Insurance Specialists
Jan 25 2019 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield...
Allianz to Enter Vietnam Insurance Market via Joint Venture with IT Firm FPT Group
Jan 24 2019 // Allianz announces its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group – driving long-term success in the market and expanding...
Travelers Partners with ASQ Underwriting on Transactional Risk Insurance
Jan 23 2019 // The Travelers Companies, Inc. has partnered with ASQ Underwriting, a managing general underwriter, to offer transactional risk insurance in the United States, as strategic and private equity investors increasingly turn to...
New York City’s Global Excess Partners Promotes Cook to VP, Managing Director
Jan 23 2019 // Global Excess Partners (GEP), a specialty insurance organization, has promoted Brendan Cook from vice president to vice president and managing director. He reports to Chris Zoidis, corporate executive vice president of...
XPT Group Acquires New York City’s SVA Underwriting Services
Jan 23 2019 // XPT Group LLC has acquired SVA Underwriting Services Inc., a trucking and transportation MGA and Lloyd’s Coverholder. SVA Underwriting specializes in physical damage and cargo cover with the ability to underwrite,...
Indiana’s United Health Actuarial Services Acquired by Risk Strategies
Jan 23 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired United Health Actuarial Services Inc. (UHAS), a health actuarial, management, and underwriting consulting firm based...
California Lawmaker to Introduce Bill to Free up Funding for Retrofits
Jan 22 2019 // California state Sen. Majority Leader Bob Hertzberg, D-Van Nuys, on Tuesday announced a bill to allocate $1 billion in funding over the next 10 years to retrofit homes across California. The bill was timed to follow the...
