Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub Acquires Assets of Maryland’s Insurance Management Associates
Nov 2 2018 // Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Insurance Management Associates Inc. (IMA). Terms of the transaction were not disclosed. Based in Annapolis, Md., IMA is a full-service...
Arch Insurance Europe Buys Ardonagh Group’s UK Commercial Lines Business
Nov 1 2018 // Arch Insurance Europe has purchased the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquisition will give Arch a meaningful presence and an extended...
Risk Strategies Acquires Maryland’s Arkin Youngentob Associates
Oct 31 2018 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Arkin Youngentob Associates, a full-service employee and executive benefits firm headquartered in Bethesda, Md. Terms...
Willis Research Network Renews Partnership with Global Earthquake Model Foundation
Oct 31 2018 // The Willis Research Network (WRN) announced it has renewed its partnership with the Global Earthquake Model (GEM) Foundation. The agreement represents a continued commitment to working collaboratively in order to develop...
Global Insurance M&A Deals Total Value Soars, Volume Dips in First Half
Oct 31 2018 // Deal value for global insurance mergers and acquisitions was up $44.4 billion in the first six months of 2018, driven by a slew of megadeals that pushed value to its highest first-half total since the financial crisis,...
RenaissanceRe to Acquire Tokio Millennium Re in $1.5 Billion Deal
Oct 30 2018 // Bermuda-based RenaissanceRe Holdings has agreed to pay about $1.5 billion to acquire Tokio Marine’s reinsurance platform (TMR), which includes Tokio Millennium Re AG and Tokio Millennium Re (UK). If closing tangible...
UK’s Ed Broking to Be Acquired by BGC Partners
Oct 29 2018 // Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. Financial details of...
American Family Merger with Main Street America Set to Go Into Effect Oct. 31
Oct 26 2018 // Madison, Wisconsin-based American Family Insurance Mutual Holding Co. announced its policyholder members have approved the company’s merger with Florida’s Main Street America Group Mutual Holdings Inc. More...
Hartford Steam Boiler Completes Acquisition of Industrial Tech Firm Relayr
Oct 26 2018 // Hartford Steam Boiler (HSB), part of Munich Re, announced the close of the acquisition of relayr, Inc., the Berlin-based industrial internet of things technology company. HSB acquired 100 percent of relayr’s shares...
HMS Agency Acquires New York’s Adirondack Family Insurance Services
Oct 25 2018 // HMS Agency Inc. (HMS), a family-owned and operated insurance agency based in Albany, N.Y., has acquired Adirondack Family Insurance Services of Saratoga Springs, N.Y. The purchase agreement was finalized on July 1, 2018,...
Massachusetts’ Rogers & Gray Insurance Names Bizak as Chief Partnership Officer
Oct 25 2018 // Rogers & Gray Insurance, a South Dennis, Mass.-based insurance agency, has named Robert Bizak to the newly created position of chief partnership officer. In this role, Bizak will be responsible for building upon Rogers...
The Hilb Group Acquires Michigan’s Burns & Eustice Insurance Agency
Oct 24 2018 // Hilb Group LLC (THG) has acquired Michigan-based Burns & Eustice Insurance Agency (B&E). B&E has been offering property/casualty insurance products and services to businesses and individuals throughout northern...
Arthur J. Gallagher Acquires Richter International Consulting in Washington
Oct 24 2018 // Arthur J. Gallagher & Co. has acquired Issaquah, Wash.-based Richter International Consulting LLC. Terms of the deal were not disclosed. Founder Dave Richter and his associates will continue to operate from their...
BRP Partners with Medicare Division of Trilogy Financial Group of Florida
Oct 24 2018 // Baldwin Risk Partners (BRP), a Tampa, Fla., based insurance distribution holding company, has completed the formation of its partnership with the Medicare Division of Trilogy Financial Group, a financial agency based in...
Zurich North America, Allied Public Risk Partner on Public Sector Program
Oct 23 2018 // Schaumburg, Illinois-based Zurich North America has entered into an agreement with program administrator Allied Public Risk LLC to provide a full range of insurance coverage to select cities, towns, boroughs, counties and...
CoreLogic to Buy Toronto-Based Claims Workflow Firm Symbility Solutions
Oct 23 2018 // CoreLogic, the Irvine, Calif.-based property data and analytics firm, has agreed to acquire the outstanding shares of Symbililty Solutions Inc. not already owned by CoreLogic. CoreLogic currently holds approximately a 28...
Generali to Acquire Polish Asset Management Firm, Union Investment TFI
Oct 23 2018 // Generali has entered into an agreement with the German Group Union Asset Management Holding AG to acquire a 100 percent stake in the Polish asset management company Union Investment TFI S.A. Financial details of the...
USI Insurance Services Acquires Pennsylvania’s Beneficial Insurance Services
Oct 22 2018 // USI Insurance Services (USI), a provider of insurance brokerage and risk management services, has acquired Philadelphia, Penn.-based Beneficial Insurance Services, a wholly owned subsidiary of Beneficial Bancorp...
Insurance Broker Hays Companies to Be Brown & Brown’s Biggest Acquisition
Oct 22 2018 // Brown & Brown Inc. has agreed to acquire the assets of the Hays Companies insurance operations. The deal for the Minnesota-based insurance broker with $200 million in revenues marks the largest acquisition ever by...
Miller Agrees to Acquire London Re/Insurance Broker Alston Gayler
Oct 22 2018 // Miller announced it has entered into a definitive agreement to acquire Alston Gayler and Co. (AG), majority owned by Nelson Holdings Ltd. AG is an independent London market re/insurance broker specializing in multiple...
