Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Staffpak Announces New Carrier Partner For Staffing Agency and PEO Programs
Sep 6 2018 // Dallas, TX, September 6, 2018— U.S. Risk’s StaffPak program has partnered with program-driven Markel Specialty to offer property and casualty coverage to the staffing and PEO industries. Markel will provide...
Athens Administrators Acquires San Antonio’s 1-2-1 Claims
Sep 5 2018 // Athens Administrators, a provider of third-party claims administration services, has acquired San Antonio, Texas-based 1-2-1 Claims Inc. 1-2-1 Claims Inc. is a licensed third-party administrator (TPA) company specializing...
Hub Acquires Assets of Harman Agency in Idaho
Sep 5 2018 // Hub International Ltd. has acquired the assets of Harman Agency LLC. Terms of the deal were not disclosed. Pepper Harman, owner of Harman Agency, will join Hub Northwest and report to Garth Hamilton, chief sales officer of...
FBinsure Acquires Massachusetts’ Jose S. Castelo Insurance Agency
Sep 5 2018 // FBinsure has acquired the Jose S. Castelo Insurance Agency, an independent agency located in New Bedford, Dartmouth, and Fall River, Mass. Established in 1981 by current President Jose S. Castelo, the agency provides...
Brown & Brown of Kentucky Acquires Massachusetts’ F&I Resources
Sep 5 2018 // Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of F&I Resources, a Westborough, Mass.-based company specializing in helping automotive dealers...
SCOR Denies Press Rumors of Talks with PartnerRe
Sep 5 2018 // French reinsurer SCOR formally denied press claims that the group has been in merger discussions with PartnerRe or any other company. The SCOR statement, which was issued on Sept. 4, comes on the heels of a revelation on...
Enstar to Acquire Maiden Reinsurance North America
Sep 4 2018 // An Enstar Group subsidiary has agreed to acquire Maiden Reinsurance North America from a subsidiary of Maiden Holdings. The net consideration payable in the transactions is $307.5 million, subject to certain closing...
French Broker Verlingue Triples Its Size in UK Market with Acquisition of ICB Group
Sep 4 2018 // Specialist corporate insurance broker Verlingue announced it has acquired independent UK broker ICB Group. Financial details of the deal were not released. With the acquisition of Egham, England-based ICB, Verlingue...
Munich Re Acquires Tech Firm Relayr, an Industrial Internet of Things Specialist
Sep 4 2018 // Munich Re announced it is taking a further key step to create new business models in industrial Internet of Things (IoT) through the acquisition of the software company “relayr” via Munich Re’s...
French Reinsurer SCOR Spurns $9.6B Acquisition Offer from Insurer Covea
Sep 4 2018 // French reinsurer SCOR SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it’s still interested in pursuing a deal. SCOR shares climbed the most in...
Trireme Insurance Group Announces Acquisition of MGB Insurance Brokers Limited
Sep 4 2018 // London, UK, September 4, 2018—Trireme Insurance Group, the international subsidiary of U.S. Risk Insurance Group, LLC, is pleased to announce that it has acquired MGB Insurance Brokers Limited (MGB). MGB will operate...
New York Approves AXA Acquisition of XL Group
Sep 3 2018 // France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators have given their approval of the deal. New York’s Department of Financial Services (DFS) on...
Markel to Acquire Insurance-Linked Securities Manager Nephila
Aug 31 2018 // Specialty insurer Markel Corp. has agreed to acquire all of the outstanding shares of Nephila Holdings, a standalone insurance-linked securities manager. Nephila, has more than $12 billion of assets under management for...
Canopius Signs Partnership with Credit and Political Risk MGA, Anvil Underwriting
Aug 31 2018 // Canopius announced it has signed a partnership with Anvil Underwriting Ltd., a credit and political risk managing general agent (MGA). The agreement is effective from Sept. 3 and will allow Anvil to underwrite credit...
Elkann Steps Down as Chairman of PartnerRe, Succeeded by Dowd
Aug 31 2018 // PartnerRe Ltd. announced that Brian Dowd will succeed John Elkann as chairman of the company’s board of directors, effective Sept. 1. Elkann, who is chairman and CEO of PartnerRe’s parent company, EXOR, will...
Holman Insurance Services Expands Offerings in Florida, Acquires Murray Insurance
Aug 31 2018 // Holman Insurance Services, a full-service brokerage offering personal and commercial insurance products headquartered in New Jersey, has expanded its personal insurance coverage into the Florida market. Offering a...
Seeman Holtz Acquires Indiana Agency, Ritman & Associates
Aug 30 2018 // Seeman Holtz Property & Casualty Inc. has acquired Noblesville, Indiana-based Ritman & Associates Inc., which specializes in professional liability insurance. Jennifer Ritman has built a boutique insurance agency...
Roost Partners with New York-Based Kingstone Insurance
Aug 30 2018 // Roost, a provider of home telematics for property insurance carriers, has partnered with New York-based Kingstone Insurance. Roost is a technology company headquartered in Sunnyvale, Calif. Kingstone is a property and...
TransRe Buys Certain Renewal Rights from Maiden Re; Talks to Sell Maiden Re Advance
Aug 30 2018 // TransRe has acquired the exclusive renewal quotation rights to all of Maiden Reinsurance North America’s U.S. treaty customers from their diversified business. TransRe has also hired the U.S. treaty team from Maiden...
SLTX: Houston City Council to Buy $30M in Cyber Insurance Coverage
Aug 29 2018 // The Houston City Council voted unanimously to purchase $30 million in cyber insurance coverage at a total premium cost of $471,000. The policy provides first-party coverage for the city’s operations, third-party...
