Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Investor Group Acquires Connecticut’s Talcott Resolution from The Hartford
Jun 1 2018 // Talcott Resolution, The Hartford’s run-off life and annuity businesses, has been acquired by an investor group led by Cornell Capital LLC, Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group,...
Worldwide Facilities Acquiring RIC Insurance in California
May 31 2018 // Worldwide Facilities LLC has acquired the assets of Santa Rosa, Calif.-based RIC Insurance General Agency Inc. Terms of the deal weren’t disclosed. RIC will continue to maintain its client and market relationships...
Rivals Uber, Waymo in Talks About Driverless Ride Hailing Partnership
May 31 2018 // Uber Technologies Inc. is talking with Alphabet Inc.’s autonomous driving unit Waymo about using its technology on Uber’s ride-hailing app, Uber Chief Executive Dara Khosrowshahi said on Wednesday, signaling a...
Allianz Group to Acquire 8% of Africa Re
May 30 2018 // Allianz Group has agreed to acquire eight percent in African reinsurer Africa Re. The total cash consideration payable at closing would amount to USD$ 81 million (or Euro 69 million). Africa Re has been operating for 42...
RightSure Acquires ETNA Insurance Agency in Arizona
May 29 2018 // RightSure Insurance Group has acquired Tucson, Ariz.-based ETNA Insurance Agency. Terms of the deal were not disclosed. The purchase is RightSure’s 11th book of business acquisition. Current ETNA executives and...
INSURICA Acquires Zodrow & Neighbors in Oklahoma
May 23 2018 // Oklahoma City, Okla.-based INSURICA has acquired Zodrow & Neighbors Insurance LLC. Terms of the deal weren’t disclosed. The deal, which will be effective on June 1, is INSURICA’s fifth acquisition this...
Risk Strategies Acquires Massachusetts’ Corporate Benefit Audits
May 23 2018 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has announced the acquisition of Corporate Benefit Audits (CBA), a firm providing claim outsourcing and audit services to the...
The Hilb Group Acquires New York’s Bentson Insurance Group
May 22 2018 // The Hilb Group LLC (THG) has acquired New York–based Bentson Insurance Group. The transaction became effective May 1, 2018. Founded in 1948, Bentson Insurance Group is a full-service property and casualty insurance...
Ascot US Acquires Inactive Greyhawk Insurance and Specialty
May 22 2018 // Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary Greyhawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff since 2006. Greyhawk Specialty...
NSM’s Vantage Acquires UK Personal Lines Broker Fresh Insurance in Redditch
May 21 2018 // U.S.-based NSM Insurance Group’s UK subsidiary, Vantage Holdings, has acquired Fresh Insurance Services Group Ltd,. an insurance broker based in Redditch, West Midlands that specializes in non-standard personal lines...
Midwest Agencies – North Risk Partners, Bearence Management Group – Merge
May 21 2018 // Minnesota’s North Risk Partners has merged with Bearence Management Group, another independent insurance brokerage firm with over 80 employees spread across three Midwest locations – Mendota Heights, Minn., Des...
Insurance Group of St. Charles County Acquires Insurance of Ellisville
May 21 2018 // Missouri-based Insurance Group of St. Charles County recently purchased Insurance of Ellisville, a family owned and operated company that was founded in 2016 by owner Benjamin Moore. Founded in 1992, Insurance Group of St....
J.C. Flowers Buys Lloyd’s Brokers SSL and Endeavour; Two Agree to Merge
May 18 2018 // Lloyd’s and independent specialist marine broker SSL Insurance Group has agreed to merge with fellow Lloyd’s broker and delegated authority specialist Endeavour Insurance Services. The deal will conclude with...
Risk Strategies Acquires Massachusetts’ Costello Benefits Group
May 17 2018 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Costello Benefits Group (CBG Benefits Inc.), a full-service employee benefits brokerage firm headquartered in Woburn,...
Salem Five Acquires Massachusetts’ Fabri & Rourke Insurance
May 17 2018 // Salem Five, a commercial and personal insurance provider based in Salem, Mass., has acquired Fabri & Rourke Insurance, headquartered in Georgetown, Mass. This is the second Georgetown-based acquisition for Salem Five,...
CPro Associates Acquires Pan-American Benefits Solutions’ Nonsubscription Business
May 16 2018 // Dallas, Texas-based CPro Associates Inc., a provider of nonsubscriber occupational injury benefit plans, has purchased Pan-American Benefits Solutions’ nonsubscription book of business, effective May 14, 2018. CPro...
Weather Analytics Expands with Acquisition of Software Firm Athenium
May 16 2018 // Insurance and risk data firm Weather Analytics said it has further expanded its offerings beyond weather information by acquiring Athenium Inc., a Waltham, Massachusetts-based claims and underwriting assessment software...
Marsh Networks Arranges M&A Financing Deal for Member Agencies for M&As
May 16 2018 // Marsh Networks announced a deal with Shawbrook Bank to help its network members secure bank loans to fund mergers and acquisitions or to sell their businesses. As part of the arrangement, Marsh Networks will introduce...
The Evans Agency Acquires New York’s Richardson & Stout Insurance
May 16 2018 // The Evans Agency LLC, a wholly owned insurance subsidiary of community financial services company Evans Bancorp Inc., has acquired the business of Richardson & Stout Insurance (R&S) of Wellsville, N.Y. The...
Seeman Holtz P&C Acquires First Choice Insurance Agency in Missouri
May 15 2018 // Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida has acquired First Choice Insurance Agency Inc., headquartered in Poplar Bluff, Missouri. First Choice Insurance has been serving the Poplar Bluff,...
