Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Marsh & McLennan Agency Acquires Maryland’s Employee Benefits Group
Mar 5 2019 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Employee Benefits Group Inc. (EBG), a Bethesda, Md.-based independent insurance agency specializing in employee benefits and...
Aon Partners with Insurtech Firm Skytek to Track Marine Risk Accumulations
Mar 5 2019 // Aon plc is partnering with software company Skytek to provide real-time monitoring of insurers’ marine risks, identifying accumulations for enhanced underwriting and reinsurance programs. In an era of mega-ports and...
NIP Group, AXA XL Partner on Greenhouse, Garden Center, Nursery Insurance Program
Mar 5 2019 // NIP Group, Inc. has entered into an underwriting agreement with AXA XL on its GrowPro insurance program. GrowPro provides a complete insurance product for greenhouse growers, nurseries and garden centers...
AmWINS Completes Acquisition of The Flood Insurance Agency of Florida
Mar 5 2019 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has completed the acquisition of The Flood Insurance Agency (TFIA), a Florida-based managing general agency that specializes in private...
Hub International Acquires Assets of Wisconsin’s Integrated Risk Solutions
Mar 4 2019 // Hub International Limited (Hub), a global insurance brokerage headquartered in Chicago, has acquired the assets of Integrated Risk Solutions Inc. (Integrated Risk). Terms of the transaction were not disclosed. Based in...
CFM Insurance Acquires Missouri’s Cornerstone National Insurance
Mar 4 2019 // CFM Insurance Inc., a mutual insurance company headquartered in Concordia, Missouri, has finalized its acquisition of Cornerstone National Insurance Co., a stock company based in Columbia, Missouri. With this acquisition,...
Aon Partners with Claim Central; Opens New Claims Center in Florida
Mar 4 2019 // Aon plc has established a strategic alliance with global insurtech firm Claim Central to digitize and streamline claim management capabilities and improve the customer experience through technology and services developed...
InterWest Acquires Placer Insurance Agency in California
Mar 4 2019 // InterWest Insurance Services has acquired Placer Insurance Agency in Roseville, Calif. Terms of the deal were not disclosed. Placer specializes in commercial, surety bonds, employee benefits and personal insurance...
Legacy Acquirer R&Q Buys UK’s Nationale-Nederlanden Internationale Schadeverzekering
Mar 4 2019 // Randall & Quilter Investment Holdings Ltd. announced it has completed the acquisition of the entire issued share capital of UK-based Nationale-Nederlanden Internationale Schadeverzekering SE (NNIS) from its owners NN...
Insurance Group of St. Charles County Acquires Atlanta-Based BLP Insurance Services
Mar 1 2019 // Insurance Group of St. Charles County has purchased BLP Insurance Services dba Pelt Risk Advisors, an Atlanta-based insurance company founded in 2010 by Byron Pelt. Insurance Group of St. Charles County, headquartered in...
AIG Sells Entire Stake in China’s PICC Group at a Discount
Feb 28 2019 // American International Group Inc. bought into the People’s Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time — early December...
HDI Global Specialty Acquires Neon Underwriting’s Bloodstock Team
Feb 28 2019 // HDI Global Specialty SE, the new specialty lines insurer, has acquired Neon Underwriting’s bloodstock team. The team is led by Mark Edwards, who has been Neon’s head of Specialty and class underwriter...
R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Stabilis
Feb 28 2019 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary, Accredited Insurance (Europe) Ltd., has signed a new program underwriting partnership with Stabilis MGA Ltd., a UK...
U.S. Asks Court to Approve CVS-Aetna Merger
Feb 26 2019 // The U.S. Justice Department formally asked a judge on Monday to approve its deal to allow CVS Health Corp. to merge with insurer Aetna. Judge Richard Leon of the U.S. District Court for the District of Columbia scolded the...
U.K.’s Pool Re Sells Terrorism Risk Catastrophe Bond
Feb 26 2019 // A U.K. reinsurer has sold the first terror catastrophe bond, giving investors the chance to lock in high yields in return for taking on terrorism risks. The 75 million-pound ($99 million) three-year bond will pay 5.9...
FedNat to Buy Maison Homeowners Insurance Operations from 1347 Holdings
Feb 26 2019 // FedNat Holding Co. has agreed to purchase substantially all of 1347 Property Insurance Holdings homeowners’ insurance operations, consisting of Maison Insurance Co., Maison Managers and ClaimCor in a 50/50 cash and...
Zurich Insurance Acquires Dallas Digital Applications Firm, Sea Pine Technologies
Feb 26 2019 // Schaumburg, Illinois-based insurer Zurich North America has acquired 100 percent ownership of Sea Pine Technologies, a Dallas-based company specializing in digital applications for the marketing of vehicle protection...
Belgium’s Ageas Acquires 40% Stake in Indian Non-Life Insurer RSGI
Feb 25 2019 // Brussels-based insurer Ageas has acquired 40 percent of the share capital of the Indian Non-Life insurance company Royal Sundaram General Insurance Co. Limited (RSGI) for a total cash consideration of €185 million...
Anthem, Cigna in Court Battles Over Failed Merger
Feb 25 2019 // There’s no dispute that a $48.9 billion merger announced in 2015 between health insurers Anthem Inc. and Cigna Corp. imploded two years later over antitrust concerns. Now, the question is whether one owes the other...
Aquiline to Acquire Relation Insurance Services in California
Feb 21 2019 // Aquiline Capital Partners LLC, a private equity firm investing in financial services and technology, has entered into a definitive agreement to acquire Walnut Creek, Calif.-based Relation Insurance Services from private...
