Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
How Insurer and Benefit Manager Mergers Squeeze Out Smaller Pharmacies
Mar 12 2018 // Over 20 years, Brian Komoto built a thriving pharmacy in California’s Central Valley. Each day, his nurses would travel the vast agricultural region’s roads to help hepatitis C patients take a grueling regimen...
Zurich Accelerates Growth of Cover-More Travel Insurance Unit with LatAm Acquisitions
Mar 12 2018 // Zurich Insurance Group accelerated the growth of Cover-More Group, its specialist global travel insurance and assistance solutions business, by entering into agreements to acquire the leading providers of traveler...
Salem Five Acquires Massachusetts’ Cape Ann Insurance
Mar 9 2018 // Salem Five has acquired Cape Ann Insurance, headquartered in Gloucester, Mass. The acquisition will help Salem Five better serve the insurance needs of its customers in the region, according to Salem Five President and CEO...
Optisure Risk Partners Merges with New Hampshire’s Masiello Insurance Agency
Mar 9 2018 // Optisure Risk Partners of Manchester, N.H., has merged with Masiello Insurance Agency of Keene, N.H. Founded in 2015, Optisure is a provider of risk management and insurance, with more than $175 million in insurance...
Cigna’s Proposed Acquisition of Express Scripts Faces Antitrust Review
Mar 9 2018 // Cigna Corp.’s proposed deal for Express Scripts Holding Co. faces a drawn-out merger review as the Trump administration’s antitrust enforcers weigh the competitive effects of a wave of consolidation sweeping...
Centerbridge-Led Consortium Completes $952M Acquisition of Canopius from Sompo
Mar 9 2018 // The $952 million acquisition of Canopius from Sompo Holdings has been completed by a private equity consortium led by Centerbridge Partners, L.P., which includes private investment firm Gallatin Point Capital LLC. Having...
Cigna to Buy Pharmacy Benefits Manager Express Scripts for $52 Billion
Mar 8 2018 // U.S. health insurer Cigna Corp. struck a $52-billion deal to buy pharmacy benefits manager (PBM) Express Scripts Holding Co on Thursday, looking for new ways to hold onto their profits as the industry faces greater...
Seeman Holtz Property & Casualty Acquires Self Insurance in Missouri
Mar 8 2018 // Seeman Holtz Property & Casualty Inc., headquartered in Boca Raton, Florida, has acquired a Sikeston, Missouri-based agency, Tri-Star of Sikeston Inc., doing business as Self Insurance. Now led by Brian Self, the...
ONI Risk Partners Adds Adams as Benefits Consultant in Indianapolis
Mar 8 2018 // ONI Risk Partners, based in Indianapolis, has hired Noah Adams as an employee benefits consultant. Adams advises employee benefits clients on issues relating to wellness, healthcare reform, controlling costs, and employee...
Hub Acquires Assets of Massachusetts’ Leitao Insurance Agency
Mar 8 2018 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Leitao Insurance Agency Inc. (Leitao). Terms of the acquisition were not disclosed. Located in Ludlow, Mass., Leitao is a multi-line...
Alera Group Acquires Connecticut’s Benefit Planning Services
Mar 8 2018 // Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired Benefit Planning Services (BPS), located in Norwalk, Conn. Terms of the transaction were not...
Hub International Acquires Manitoba-Based Desilets Insurance Brokers
Mar 8 2018 // Hub International Ltd., the Chicago-based insurance brokerage, announced it has acquired the shares of Desilets Insurance Brokers Ltd. Terms of the acquisition were not disclosed. Based in Elie, Manitoba, Desilets offers...
Alera Group Acquires Houston’s IMG Benefits
Mar 7 2018 // Illinois-based Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm, has acquired IMG Benefits Group LLC in Houston, Texas. Terms of the transactions were not...
S&P Places AXA on CreditWatch Negative over Its Plans to Buy XL Group for $15.3B
Mar 7 2018 // S&P Global Ratings placed France’s AXA on CreditWatch with negative implications over its planned $15.3 billion purchase of XL Group Ltd. The ratings agency said it is worried about what the mega-deal could do to...
CEO of Ohio’s Loan Protector Insurance Services Buys Back Firm
Mar 6 2018 // The CEO and managing partner of Solon, Ohio-based Loan Protector Insurance Services has purchased the company from insurance brokerage Willis Towers Watson. The buyout by Dennis Swit was financed by InsurBanc. The...
Hub Acquires Assets of Utah-Based Spectra Management
Mar 6 2018 // Hub International Ltd. has acquired the assets of Sandy, Utah-based Spectra Management LLC. Terms of the deal were not disclosed. Brent Bennett, president and CEO of Spectra, will continue to lead Spectra...
Hub International Limited Acquires Massachusetts’ Rubino Enterprises
Mar 6 2018 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets from Rubino Enterprises Inc. (formerly known as TYG Insurance Agency Inc.). Terms of the acquisition were not disclosed. Based in...
Legacy Acquirer DARAG Completes Purchase of Sweden’s IKANO Försäkring
Mar 6 2018 // DARAG Group Ltd., a leading European legacy acquirer, it has acquired IKANO Försäkring AB, the Sweden-based insurance company. The transaction provides the owner of the Swedish insurer with legal and economic finality in...
EC Insurance Begins to Transfer Business to Markel International Paper, After Acquisition
Mar 6 2018 // EC Insurance Company Ltd. (ECIC), the specialist insurer for the contracting market, has begun the process of transferring business over to Markel International Insurance Co. Ltd. (MIICL), following ECIC’s...
SouthPoint Risk Advisors Acquires 2 Tennessee Agencies
Mar 6 2018 // SouthPoint Risk Advisors, an independent insurance agency based in Nashville, has announced it acquired two Tennessee agencies at the end of 2017. On Oct. 1, SouthPoint officially acquired Consolidated Insurance Services,...
