Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AIG Completes $5.5 Billion Acquisition of Validus
Jul 18 2018 // American International Group Inc. said it has completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings. The $5.56 billion all-cash transaction was first announced in January, about eight...
SCM Acquires Affirmative Risk Management in Arkansas
Jul 18 2018 // SCM Insurance Services has acquired Affirmative Risk Management in Little Rock, Arkansas. ARM will continue to be led by David Elliott, its president. Elliott will report to Scott Goodreau, chief operating officer of USA...
Risk Strategies Acquires Maryland’s Oxford Risk Management Group
Jul 18 2018 // Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired Oxford Risk Management Group, a Sparks, Md.-based provider of alternative risk and captive...
Reinsurers, Insurtech Startups Increasingly Seek Mutually Beneficial Partnerships
Jul 18 2018 // Reinsurance companies increasingly are funding insurtech startups in order to structure more innovative products and improve their business efficiencies, but how much impact on the industry will these investments...
Arthur J. Gallagher Acquires The Jack Nebel Companies in Illinois
Jul 16 2018 // Arthur J. Gallagher & Co. has acquired North Barrington, Ill.-based The Jack Nebel Companies Inc. Terms of the deal were not disclosed. Jack Nebel, Brian Nebel and their associates will continue to operate from their...
Alliant Acquires CLS Partners in Texas
Jul 13 2018 // Alliant Insurance Services Inc. has acquired CLS Partners in Austin, Texas. Clint Scott, CEO of CLS PartnerS, along with the CLS Partners management team and staff, will join Alliant and continue to service clients from...
BNC Insurance Agency Acquires New York’s Murray, Schoen & Homer
Jul 13 2018 // BNC Insurance Agency, Inc (BNC), an independently owned retail brokerage firm with headquarters in Rye Brook, N.Y., has acquired Murray, Schoen & Homer, Inc (MSH), also located in Rye Brook, N.Y. Terms of the...
JLT Re Partners with Cyber Risk Modeling Platform, CyberCube
Jul 13 2018 // JLT Re, the London-based reinsurance broker and consultancy, announced it has formed a partnership with CyberCube, the cyber risk modeling platform. JLT Re’s existing cyber and enterprise modelling tools, combined...
Chicagoland’s Chatham Insurance Services Acquired by DOXA
Jul 12 2018 // Chatham Insurance Services Inc. (Chatham), a provider of errors and omissions insurance to the managed care industry, has been acquired by DOXA Insurance Holdings LLC (DOXA). Chatham will continue its operations under the...
Alera Group Acquires Interest in The Insurance Alliance of Central Pennsylvania
Jul 11 2018 // Alera Group has acquired a controlling interest in The Insurance Alliance of Central Pennsylvania (The Alliance), effective July 1. The Alliance provides support to 10 firms in Pennsylvania, including three firms that were...
Gallagher Bassett Services Acquires New Jersey’s WCD Group
Jul 11 2018 // Arthur J. Gallagher & Co.’s subsidiary, Gallagher Bassett Services Inc., has acquired Pennington, N.J.-based WCD Group LLC. Terms of the transaction were not disclosed. Founded in 2002, WCD manages and mitigates...
Alliant Acquires Texas Employee Benefits Firm, CLS Partners
Jul 10 2018 // Alliant Insurance Services has acquired the Austin, Texas-based employee benefits and risk management consulting firm, CLS Partners. The Austin-based firm brings a team of more than 50 professionals to Alliant, bolstering...
TMK Completes Acquisition of WNC Holdings in Southern California
Jul 10 2018 // Tokio Marine Kiln has bought the remaining 51 percent share in Irvine, Calif.-based WNC Holdings. WNC, a managing general underwriter, provides a range of specialty risk management solutions including private flood,...
Zurich’s Flood Resilience Alliance Extended to Generate Additional Funding of $1B
Jul 10 2018 // Zurich Insurance Group announced that after five successful years its flood resilience alliance will be extended until 2023. In the last five years, a multi-sector alliance comprising the non-governmental organization...
Massachusetts’ Partners Insurance Group Promotes Audette
Jul 9 2018 // Partners Insurance Group LLC, a Swansea, Mass.-headquartered independent insurance agency with eight locations in Southeastern Massachusetts and Rhode Island, has promoted Kristine Audette to assistant vice president of...
AXA Liabilities Managers Acquires Gothaer Re Run-Off Portfolio
Jul 9 2018 // Specialist run-off acquirer and manager AXA Liabilities Managers (AXA LM) has acquired the legacy assumed portfolio of Cologne-based Gothaer Finanzholding A.G., which is been in run-off since it ceased trading in 2004. The...
Arthur J. Gallagher & Co. Acquires Australia Broker Milne Alexander
Jul 9 2018 // Arthur J. Gallagher & Co. announced the acquisition of Milne Alexander, with offices in Sydney, New South Wales and Port Lincoln, South Australia. Terms of the transaction were not disclosed. Founded in 1973, Milne...
Lawsuit Claims Guggenheim Defrauded Insurance Buyers to Buy Baseball Team
Jul 6 2018 // Guggenheim Partners, overseen by billionaire Mark Walter, is facing a lawsuit claiming it defrauded annuity investors by saddling an insurance affiliate with risky assets, and siphoning cash for purposes including...
Marsh & McLennan Agency Acquires Minnesota’s Klein Agency
Jul 6 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency Inc., a St. Paul, Minnesota-based surety and property/casualty agency specializing in the construction...
BKS Partners Enters Georgia Through Partnership with Midsouth Benefits
Jul 6 2018 // Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has partnered with Midsouth Benefits of Atlanta. The merger was finalized on June 22, 2018 and...
