Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Employers Mutual Looks to Acquire Outstanding Stock of EMC Group
Nov 26 2018 // Employers Mutual Casualty Co. has proposed to purchase all the outstanding common stock of its affiliate EMC Insurance Group Inc. As the parent company, Employers Mutual Casualty currently owns approximately 55 percent of...
Chubb Partners with Conservation Group on Flood Protection in Miami
Nov 21 2018 // Chubb announced that it is partnering with The Nature Conservancy, the world’s largest conservation organization, to work together in Miami to reduce the risk from storm impacts and rising sea levels on the...
Generali Earmarks €4 Billion ($4.6 Billion) for Acquisitions, Growth
Nov 21 2018 // Generali has earmarked up to four billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia to fuel earnings. Italy’s top insurer — which...
Alera Group Acquires Orion Risk Management Insurance Services in California
Nov 20 2018 // Alera Group has acquired Orion Risk Management Insurance Services. Terms of the deal were not disclosed. Orion is a commercial insurance broker and risk management firm with three locations throughout Southern...
Reliance Partners Opens Austin Office, Names Richards Chief Sales Officer
Nov 20 2018 // Reliance Partners, which specializes in commercial insurance, has added Brandon Richards as chief sales officer and opened a new office in Austin, Texas. Richards is a veteran insurance professional with more than 17 years...
CVS Acquisition of Aetna Expected to Close After Thanksgiving
Nov 20 2018 // CVS Health Corp. said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc. after the Thanksgiving holiday. The pharmacy chain and benefits manager had previously expected the...
Finnish Software Firm Basware Confirms Takeover Bid, Backed by Investors Including Ping An
Nov 20 2018 // Finnish software maker Basware confirmed the unsolicited takeover approach it received was from payment-technology startup Tradeshift Holdings Inc. The indicative proposal came from San Francisco-based Tradeshift, Basware...
AXA XL Buys 100% of New Ocean to Build Alternative Capital Business
Nov 20 2018 // AXA XL’s reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Ltd. Financial details of the...
Head of Connecticut Crumbling Foundations Entity Concerned About Funding Delay
Nov 19 2018 // The superintendent of the new entity charged with distributing millions of dollars to Connecticut homeowners with crumbling foundations says he’s within weeks of shutting down if state bonding isn’t...
China Eyes Allowing Foreign Insurers to Own Local Joint Ventures: Sources
Nov 19 2018 // China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge...
Travelers Partners with Contractor, Tech Firm on Wearables for Construction Safety
Nov 16 2018 // The Travelers Companies has partnered with contractor company Gilbane, and Triax Technologies, a provider of Internet of Things (IoT) construction technology, to explore the potential safety benefits of wearable...
Markel Completes Acquisition of Investment Manager Nephila
Nov 15 2018 // Specialty insurer Markel Corp. has completed its acquisition of Nephila Holdings, an investment manager specializing in reinsurance risk. According to the transaction that was first announced in August, Nephila will...
Seeman Holtz Agency Acquires Insurtech Goji
Nov 14 2018 // Fast-growing insurance agency Seeman Holtz Property & Casualty has taken a technology leap forward by acquiring Boston-based online home and auto Insurance agency Goji (formerly Consumers United) and its technology...
Ageas Agrees to Acquire 40% Stake in India Non-Life insurer RSGI
Nov 14 2018 // Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total...
QBE North America Sells National Farmers Union to National General
Nov 14 2018 // National General Holdings Corp. has agreed to acquire National Farmers Union Property and Casualty Co. from QBE North America. The estimated purchase price is $43 million. National Farmers Union Insurance writes personal...
ISMIE Mutual Insurance Partners with Osteopathic Associations on MPL Program
Nov 13 2018 // Chicago-based ISMIE Mutual Insurance Co., has partnered with the Indiana Osteopathic Association (IOA) and the Pennsylvania Osteopathic Medical Association (POMA) on a medical professional liability insurance...
Brown & Brown of Massachusetts Acquires Assets of Rodman Insurance Agency
Nov 13 2018 // Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Rodman Insurance Agency. With roots dating back to 1935, Rodman Insurance Agency specializes in providing property and casualty...
JLT Re Acquires JLT March Re in Spain, Launches JLT Re Iberia
Nov 13 2018 // JLT Re, the global reinsurance broker and consultant, announced the launch of JLT Re Iberia, which follows the acquisition of JLT March Re, the fourth largest Spanish insurance broker, from financial group Banca...
Miller Names New Equity Partners: Hands, Lane, Wheeler, Henderson and Speers
Nov 9 2018 // Miller Insurance Services LLP announced that it has boosted its partnership with five internal appointments. With effect from Jan. 1, 2019, James Hands, Charles Lane, Phil Wheeler, Martin Henderson and Ben Speers will be...
Hub International Buys Canadian Broker Kuokoa Enterprises Inc.
Nov 9 2018 // Hub International Limited, the Chicago-based insurance broker, announced that it has acquired the assets of Kuokoa Enterprises Inc. Terms of the transaction were not disclosed. Located in Edmonton, Alberta, Canada, Kuokoa...
