Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Billionaire Li’s FWD Group Nearing Deal to Buy CBA’s Indonesia Unit
Oct 22 2018 // Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance arm, people familiar with the matter said, in a deal that would boost the...
West Virginia Won’t Change Funding for State Workers’ Comp Plan in 2019
Oct 22 2018 // West Virginia Gov. Jim Justice says there will be no change in state funding for the state employees’ public insurance plan next year in a letter to the agency’s director. The Charleston Gazette-Mail reports...
New York Is Considering Blocking Parts of $68B CVS, Aetna Merger
Oct 19 2018 // New York state officials are considering blocking parts of the $68 billion merger of drugstore store chain CVS Health Corp. and Aetna Inc., jeopardizing billions of dollars in insurance premiums for Aetna. CVS and Aetna...
Seeman Holtz P&C Acquires Missouri Agency, Redel Insurance
Oct 18 2018 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Redel Insurance Agency Inc., headquartered in Ballwin, Missouri. Redel Insurance Agency has been operating in Missouri for three-quarters of...
Applied Systems Acquires Benefits Software Firm Dynamis
Oct 18 2018 // Fresh off its announcement of Google becoming a minority investor, insurance agency technology provider Applied Systems announced it has acquired Dynamis Software Corp., a Milwaukee-based provider of employee benefits...
Gallagher Acquires UK Commercial Broker Portmore
Oct 18 2018 // Global insurance broker, risk management services and consulting firm Gallagher announces the acquisition of Portmore Insurance Brokers Ltd. and Portmore Insurance Brokers (Wiltshire) Ltd. in the UK. Terms of the...
Hub Acquires Oklahoma Retirement Plan Consulting, Financial Services Firm
Oct 16 2018 // Hub International Investment Services Inc., member FINRA/SIPC, and a subsidiary of Chicago-based global insurance brokerage Hub International Limited (Hub), has acquired the Oklahoma-based retirement plan consulting and...
The Hilb Group Acquires Massachusetts’ DBR Group
Oct 16 2018 // The Hilb Group LLC has acquired Massachusetts-based DBR Group Inc. The transaction became effective October 1, 2018. Founded in 2004, DBR is an employee benefit and actuarial consulting firm providing a range of benefits...
Singapore’s Temasek Has Held Talks to Buy Stake in China’s Anbang: Sources
Oct 16 2018 // Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance Group Co. as well as some of its assets, according to people with knowledge...
Seeman Holtz Property & Casualty Acquires Allstar Assurance of Florida
Oct 16 2018 // Seeman Holtz Property & Casualty, Inc. has acquired Allstar Assurance, headquartered in Weston, Fla. Allstar Assurance has been serving south Florida for over 14 years offering multi-line property and casualty...
American Financial Group to Acquire ABA Insurance Services
Oct 15 2018 // American Financial Group Inc., based in Cincinnati, Ohio, is acquiring ABA Insurance Services Inc. (ABAIS) from American Bankers Mutual Insurance Ltd. (ABMI). Based in Shaker Heights, Ohio, ABAIS provides directors and...
Marsh McLennan Acquisition of JLT Clears Key U.S. Antitrust Hurdle
Oct 15 2018 // The Federal Trade Commission (FTC) and Justice Department have concluded their competitive review of the proposed acquisition of London-based re/insurance broker Jardine Lloyd Thompson Group (JLT) by New York-headquartered...
Insurtech Partnerships: What Insurers Want and Get
Oct 15 2018 // Remember the scene in the 1989 movie When Harry Met Sally? During lunch with Harry at a deli, Sally very publicly fakes a wild orgasm. A nearby patron, when asked what she’d like to order, signals in Sally’s...
Supply and Demand Keeping M&A Market Active
Oct 15 2018 // In the first two quarters of 2018, we saw continued high levels of merger and acquisition (M&A) activity. There were 252 announced deals through June 30, 2018. Those deals were spread over a vast universe of buyers...
EPIC Acquires New York’s Total Management Corporation
Oct 12 2018 // EPIC Insurance Brokers & Consultants, a national retail insurance brokerage and employee benefits consulting firm, has acquired the assets, employees and operations of Total Management Corporation (TMC). Based in...
Cincinnati Financial to Acquire London Specialty Underwriter from Munich Re
Oct 12 2018 // In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich...
Enmity Erupts Between Former Private Equity Partners Over Lucrative Insurance Units
Oct 12 2018 // Nearly a decade ago, Imran Siddiqui helped engineer a shrewd maneuver for buyout mogul Leon Black’s Apollo Global Management LLC, one that’s yielded many millions for the firm. Then Siddiqui and Apollo parted...
Insurance Agency M&A Activity Continues at ‘Impressive’ Level: OPTIS
Oct 12 2018 // There were 463 announced insurance agency mergers and acquisitions during the first three quarters of the year, the second-highest nine-month total. According to OPTIS Partners’ M&A database, the total trails...
Largest African Insurer Sanlam Completes Acquisition of Morocco’s Saham Finances
Oct 11 2018 // Sanlam Ltd., Africa’s largest insurer by market value, said it fulfilled all the conditions for the $1.1 billion purchase of the shares it doesn’t already own in Morocco’s Saham Finances SA after...
U.S. Clears Way for CVS Acquisition of Aetna That Promises Consumer Cost Savings
Oct 11 2018 // Pharmacy chain CVS Health Corp. won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc., the Justice Department said on Wednesday, paving the way for a combination with potential to cut...
