Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Brown & Brown of Kentucky Acquires FNI Management Group
Oct 11 2018 // Brown & Brown of Kentucky, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of FNI Management Group, according to an announcement by Scott Penny, chief acquisitions officer of...
Alera Group Acquires Distinctive Insurance and GLB in Nevada
Oct 10 2018 // Alera Group has acquired Distinctive Insurance and GLB Insurance Group of Nevada. Terms of the deals weren’t disclosed. Distinctive Insurance is an employee benefits consulting and insurance firm located in Southern...
Efficiency, Insurtech, Auto Uncertainty Drive Insurance M&A Activity, Says S&P
Oct 10 2018 // After one of the most active years for mergers and acquisitions in property/casualty and life insurance, market conditions point to a continued push for deals, according to analysis by S&P Global Market...
Ascot Opens U.S. Unit, Names Wolyniec CEO, Completes Greyhawk Acquisition
Oct 10 2018 // Bermuda specialty insurer Ascot Group has launched Ascot Insurance U.S. and appointed Greg Wolyniec as its president and chief executive officer. Ascot also announced the completion of the acquisition of Greyhawk Insurance...
Kapnick Acquires A.E. Mourad in Michigan
Oct 8 2018 // Kapnick Insurance Group has acquired Warren, Mich.-based A.E. Mourad Agency. The Mourad team will join Kapnick in their Troy offices in early 2019. A.E. Mourad is an independent agency that provides a variety of services...
Insgroup Acquires Fred Brown Companies in Texas
Oct 8 2018 // Insgroup Inc. has acquired Houston, Texas-based Fred Brown Insurance Brokerage to enhance its Employee Benefits offering to large employer groups. Insgroup also acquired Fred Brown Property Casualty. Terms of the deal were...
AXA Becomes Global Insurance Partner of UK’s Liverpool Football Club
Oct 5 2018 // AXA becomes the “official global insurance partner” for Liverpool Football Club, which is part of the English Premier League. In addition to providing excellent global brand visibility and raising AXA’s...
Lending Tree to Buy Online Insurance Service QuoteWizard for $370M
Oct 5 2018 // Online financial services marketplace LendingTree Inc. said it has agreed to acquire QuoteWizard.com, one of the largest online insurance comparison marketplaces. Since its founding in 2006, QuoteWizard has helped nearly...
Seeman Holtz Property & Casualty Acquires Spencer Insurance Agency of Florida
Oct 5 2018 // Florida-based Seeman Holtz Property & Casualty, Inc. has acquired Spencer Insurance Agency LLC, headquartered in Hobe Sound, Fla. Spencer Insurance Agency has been serving the Eastern coast of Florida for over 25...
