Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Marsh & McLennan’s $5.6B Acquisition of Broker JLT Gets Shareholder Nod
Nov 7 2018 // Marsh & McLennan Cos. Inc. announced that its £4.3 billion ($5.6 billion) acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT’s shareholders. Of those shares voted, 99.9 percent voted...
AIG Finalizes Acquisition of Program Manager Glatfelter Insurance
Nov 7 2018 // American International Group said it has completed the acquisition of insurance program manager Glatfelter Insurance Group, a deal announced in September. The addition is a key element in AIG’s strategy to reposition...
DMS Insurance Holdings’ Sherman Partners on Purchase of Texas Agency
Nov 7 2018 // A longtime Texas insurance agency is now operating under its former name, Sleeper Sewell Insurance, following the purchase of the assets of ANBTX Insurance Services by agency president Von E. Breaux and industry veteran D....
Gallagher Buys Majority Stake in UK Property-Owners’ Broker Vasek Insurance
Nov 7 2018 // Rolling Meadows, Ill.-based broker Gallagher announced it has acquired a controlling interest in Purple Bridge Group Ltd., the holding company of UK specialist property insurance provider Vasek Insurance Services Ltd. The...
AIG Winds Down Iran Business It Acquired Along With Validus
Nov 7 2018 // American International Group Inc. is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump...
Run-Off Venture SOBC Darag Completes First Acquisition of Florida Auto Insurer Peachtree
Nov 7 2018 // SOBC DARAG, the joint venture formed between SOBC, the US-based run-off specialist, and DARAG, the leading legacy acquirer, has completed of its first acquisition of Peachtree Casualty Insurance Co. of Florida. The...
Hub International Limited Acquires Maryland’s The TAMRAC Group
Nov 6 2018 // Global insurance brokerage Hub International Limited has acquired The TAMRAC Group Inc. (TAMRAC). Terms of the transaction were not disclosed. Headquartered in Hunt Valley, Md., TAMRAC specializes in personal insurance and...
Hub International Acquires Ontario’s Proteus Performance Management
Nov 6 2018 // Hub International Ltd., the Chicago-based insurance brokerage, announced it has acquired Proteus Performance Management Inc. Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, Proteus...
Texas Mutual, UT Dallas Partner on Risk Control, Safety Engineering Class
Nov 5 2018 // Workers’ compensation provider, Texas Mutual Insurance Co., is partnering with The University of Texas at Dallas’ (UT Dallas) Naveen Jindal School of Management for a brand-new Risk Control and Safety...
Insurance Technologies Corp. Acquires Assurance Systems
Nov 5 2018 // Texas-based Insurance Technologies Corporation (ITC), a provider of websites, marketing, rating and management software and services, has acquired Assurance Systems Inc., an insurance technology provider in the...
Arch Capital Group Enters Agreement to Acquire New York’s McNeil & Co.
Nov 5 2018 // Arch Capital Group Ltd., a Bermuda-based provider of insurance, reinsurance and mortgage insurance, has entered into a definitive agreement to acquire McNeil & Co., a nationwide provider of specialized risk management...
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...
