Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher to Acquire Texas MGA, Pronto
May 10 2018 // Arthur J. Gallagher & Co. has agreed to acquire 100 percent of the equity interests of Pronto Holdco LLC, the parent company of Pronto Insurance (Pronto). The transaction is subject to customary closing conditions and...
Marsh’s Jelf Completes Acquisition of Clark Thomson of Scotland
May 10 2018 // Marsh insurance broking and consulting subsidiary Jelf reports it has completed its previously announced acquisition of Clark Thomson, Scotland’s largest independent insurance broker. Established in 1965, Clark...
Alera Acquires Courtney Group in Chicago
May 10 2018 // Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm based in Deerfield, Illinois, has acquired Courtney Group, located in Highland Park, Illinois. Courtney Group...
Prime Risk Partners Finalizes Acquisition of Roblin Insurance of Boston
May 10 2018 // Prime Risk Partners Inc. has finalized its acquisition of Roblin Insurance, an independent insurance agency in the Boston area providing commercial, personal, and employee benefits risk management. Roblin Insurance will...
Zurich Insurance CFO: ‘We Don’t Exist to Do M&A’
May 9 2018 // Zurich Insurance has no plans for a big merger, it said on Wednesday, despite speculation of a pick-up in dealmaking in the industry and that the Swiss company could get involved. The insurer’s comments came as it...
Alera Group Acquires Oklahoma’s Benefit Plan Strategies
May 9 2018 // Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm based in Deerfield, Illinois, has acquired Benefit Plan Strategies (BPS), headquartered in Tulsa, Oklahoma. Alera...
Cyber Insurance Startup At-Bay Secures $13 Million in Funding
May 9 2018 // California-based At-Bay, a digital cyber risk monitoring and insurance firm, reports it raised $13 million in Series A funding, bringing the start-up’s total funding to $19 million. At-Bay is developing what it calls...
Gallagher Acquires UK Regional Commercial Broker Risk Services (NW)
May 9 2018 // Insurance broker Gallagher reports it has acquired regional commercial insurance broker Risk Services (NW) Ltd., based in Chester. Terms of the transaction were not disclosed. Risk Services was established in 1999 by...
USI Closes Acquisition of New York’s Key Insurance & Benefits Services
May 9 2018 // USI Insurance Services (USI) announced the closing of its acquisition of Key Insurance & Benefits Services Inc., formerly part of KeyBank. Terms of the transaction were not disclosed. USI is a Valhalla,...
Hub International Acquires the Assets of Tennessee-Based The Barnett Group
May 9 2018 // Hub International Limited has acquired the assets of Barnett Corporate Insurers, LLC (or The Barnett Group). Terms of the acquisition were not disclosed. Headquartered in Memphis, Tenn., The Barnett Group provides employee...
Leavitt Group Acquires HBT Insurance in Washington
May 8 2018 // Auburn, Wash.-based HBT Insurance has been acquired by Leavitt Group. HBT will affiliate with the group and merge with Leavitt Group Northwest. Terms of the deal weren’t announced. HBT’s Bill Cowart and Bob...
USI Insurance Closes Acquisition of Minnesota’s CHS Insurance
May 8 2018 // USI Insurance Services (USI), based in Valhalla, N.Y., has closed the acquisition of CHS Insurance, formerly part of Minnesota-based fuel, grain and food cooperative, CHS Inc. CHS Insurance is one of the nation’s...
Activist Icahn Breaks Up with AIG, Sells Shares
May 8 2018 // Billionaire investor Carl Icahn has sold his stake in American International Group Inc, ending a more than two-year association with one of the largest U.S. property and casualty insurers, according to a person familiar...
AssuredPartners Acquires Wisconsin’s National Insurance Services
May 7 2018 // AssuredPartners Inc. has acquired National Insurance Services (NIS), headquartered in Brookfield, Wisconsin. NIS is trusted by over 2,500 public sector organizations in 29 states for employee benefits consulting and...
Allianz Sells 8.4% Stake in Portugal’s Banco BPI to CaixaBank
May 7 2018 // Allianz Group said it has agreed to sell shares representing 8.4 percent of the share capital of Banco BPI to CaixaBank. The total purchase price for this transaction is 178 million euros or 1.45 euros per Banco BPI share....
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
May 7 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the...
Alliant Insurance Services Acquires Illinois’ Engel Agency
May 4 2018 // Newport Beach, California-based Alliant Insurance Services has acquired Engel Agency Inc., located in the Chicago area. Family owned and operated, Engel Agency, led by President Paul Engelhard, has a strong institutional...
Cochrane & Co. Acquires Heritage General Agency in Colorado
May 4 2018 // Cochrane & Co. has acquired the assets of Heritage General Agency, a wholesale managing general agent, based out of Englewood, Colo. HGA will become part of Cochrane and will establish Cochrane’s presence in...
Drugmakers Balk at Funding Opioid Epidemic Fix; Counting on Court Wins
May 4 2018 // Drug companies are in no rush to finance a solution to the opioid epidemic. Companies including Johnson & Johnson and McKesson Corp. are preparing to take their chances in court rather than pay billions of dollars to...
Mark Edward Partners Acquires New York’s Kaplow Insurance Agency
May 4 2018 // Mark Edward Partners, an independent, full-service, international insurance brokerage firm, has acquired the Kaplow Insurance Agency, a Chappaqua, N.Y.-based firm that has specialized in equine insurance for more than 50...
