Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Octo Telematics’ Execs to Buy 20% of Russian Shareholder Stake, Paving Way for IPO
Apr 13 2018 // Italy’s Octo Telematics announced that its chairman and chief executive have signed a binding agreement to purchase 20 percent of Octo’s shares from Russian company Renova Holdings. This share purchase will...
Allianz Partners with Drivy in UK to Provide Insurance for Car Sharing Platform
Apr 13 2018 // Allianz Insurance has partnered with Drivy (UK) to provide insurance for users of its car sharing platform. Drivy, a car sharing operator, links drivers, who need a car on a short-term basis, with vehicle owners who want...
Specialty Program Group Acquires Norman-Spencer’s Marine/Crane Business
Apr 12 2018 // Specialty Program Group LLC (SPG), an insurance holding company for specialty brokerages and underwriting facilities, has acquired the assets of Ohio-based Norman-Spencer Agency’s (NSA) crane program, personal lines...
Alliant Insurance Services Enters Agreement to Acquire New York’s Crystal & Company
Apr 12 2018 // Alliant Insurance Services, a Newport Beach, Calif.-headquartered specialty insurance brokerage firm, has entered into a definitive agreement to acquire New York-based Crystal & Company. Pursuant to the agreement, the...
VC Firm Eos Venture Partners Plans to Raise $100M for Insurtech Investment Fund
Apr 12 2018 // Eos Venture Partners, the insurance technology-focused venture capital firm, announced plans to raise a $100 million debut fund, EVP I. The fund will be one of the first global, independent insurtech investment funds...
Marsh Subsidiary Jelf to Acquire Scottish Insurance Broker Clark Thomson
Apr 12 2018 // Jelf, a consultant that specializes in insurance, risk management and employee benefits, announced it has reached an agreement to acquire Clark Thomson, Scotland’s largest independent insurance broker. The...
China’s Ant Financial Targets at Least $8B in Investor Funding: Sources
Apr 11 2018 // China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion, which could see its valuation jumping to about $150 billion, people with knowledge of the plan...
Arthur J. Gallagher Acquires Houston’s Integrity Transportation Insurance
Apr 10 2018 // Arthur J. Gallagher & Co. has acquired Houston-based Integrity Transportation Insurance Agency LLC. Terms of the transaction were not disclosed. Integrity Transportation Insurance Agency is a retail property/casualty...
Keating Names Glaser Partner in California
Apr 9 2018 // Keating Inc. has named Lee Glaser as a partner in its property programs. Glaser will be based out of San Diego, Calif. Glaser has more than 10 years of industry experience specializing in excess and surplus property...
Worldwide Facilities to Acquire Sullivan Group
Apr 9 2018 // Two leading Los Angeles-based national wholesale insurance businesses will be joining forces as Worldwide Facilities has agreed to acquire The Sullivan Group. Worldwide Facilities plans to acquire all of the outstanding...
Hub International Acquires British Columbia-Based ES3 Insurance Services
Apr 9 2018 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the shares of ES3 Insurance Services Ltd. operating as ES3 Advisory. Terms of the acquisition were not disclosed. Headquartered in...
BB&T Insurance to Acquire Regions Insurance Group
Apr 6 2018 // BB&T Insurance Holdings, which is owned by financial services firm BB&T Corp., has agreed to acquire another bank-owned insurance broker, Regions Insurance Group, from Regions Financial Corp. No terms were...
Seeman Holtz P&C Acquires Federal Employee Insurance Business in Oklahoma
Apr 6 2018 // Seeman Holtz Property & Casualty Inc. has acquired the federal employee insurance business of Federal Employee Services LLC in Edmond, Oklahoma. Federal Employee Services provides coverages to both civil service and...
New York’s Kaufman Dolowich & Voluck Adds Three D&O Liability Partners
Apr 5 2018 // Kaufman Dolowich & Voluck LLP (KDV), a national law firm headquartered in Woodbury, N.Y., is expanding its Insurance Coverage & Litigation Practice with the addition of three directors and officers liability...
Alliant Acquires Dumortier Risk Management in California
Apr 4 2018 // Alliant Insurance Services Inc. has acquired Dumortier Risk Management Inc., a Los Angeles, Calif.-based insurance brokerage firm that specializes in hospitality risk management. Terms of the deal were not disclosed. Chris...
Alera Group Acquires Rich & Cartmill in Colorado
Apr 4 2018 // Alera Group has acquired Rich & Cartmill Insurance of Colorado. Terms of the deal were not disclosed. Rich & Cartmill offers services including property insurance, general liability, commercial auto and...
Cook Maran & Associates Acquires New Jersey’s Rosenthal Insurance Group
Apr 4 2018 // Cook Maran & Associates (Cook Maran) has acquired Rosenthal Insurance Group Inc. (Rosenthal). Cook Maran is a New York and New Jersey insurance broker and the New York metropolitan area platform for Prime Risk Partners...
IAT Insurance Group Agrees to Acquire New Jersey’s IFIC Surety Group
Apr 4 2018 // IAT Insurance Group (IAT) has reached a definitive agreement to acquire IFIC Surety Group Inc. for an undisclosed amount. The acquisition signals IAT’s entry into the surety market. The closing of the transaction is...
Deductibles: Pest or Partner?
Apr 4 2018 // Stop me when you’ve heard this story before. A customer calls to report a claim. It’s a small business and they have a few delivery trucks running around their city. One of them was backing out of a...
Hub International Acquires Ontario-Based The Benefits Co.
Apr 3 2018 // Hub International Ltd., a Chicago-based insurance brokerage, announced it has acquired the shares of The Benefits Co. Inc. (TBC). Terms of the acquisition were not disclosed. Headquartered in Windsor, Ontario, TBC assists,...
