Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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,...
AIG Partners with Expedia to Provide Travel Insurance
Mar 5 2018 // Insurer American International Group Inc on Friday said that it has struck a deal with online travel services provider Brand Expedia Group to sell travel insurance to the company’s global customers. The move is part...
Alliant Acquires Hecht & Hecht’s P/C Operations in Oregon
Mar 5 2018 // Alliant Insurance Services Inc. has acquired Portland, Ore.-based Hecht & Hecht’s property/casualty insurance services. The deal will bring Hecht & Hecth’s P/C insurance services under the Alliant...
Manchester Underwriting Acquires Pelican Underwriting from Asta Capital
Mar 5 2018 // Manchester Underwriting Management Ltd. (MUM) announced it has acquired Pelican Underwriting One Ltd. from third party managing agent Asta Capital Ltd. Pelican Underwriting One trades as Pelican Underwriting and...
France’s AXA to Acquire P/C Insurer XL Group for $15.3 Billion
Mar 4 2018 // AXA SA agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of the U.S. property and casualty market as premiums rise after last year’s natural disasters. The French insurer is...
State Auto Sells Rockhill’s General Liability, Gas Distribution Business to K2 Insurance
Mar 2 2018 // State Auto Insurance is continuing its exit from the specialty insurance business, selling off more of the business of its excess and surplus lines subsidiary, Rockhill Insurance Group. The buyer this time is specialty...
Hub International Acquires Ontario-Based GMS Insurance
Mar 2 2018 // Hub International Ltd., a Chicago-based global insurance brokerage, announced that it has acquired the shares of GMS Insurance (SWO) Inc. Terms of the acquisition were not disclosed. Based in Kitchener, Ontario, GMS...
Nippon Life Agrees to Buy 85% Stake in MassMutual’s Japan Unit for $980M
Mar 2 2018 // Nippon Life Insurance Co said on Friday it had agreed to buy an 85 percent stake in the domestic unit of U.S.-based MassMutual Financial Group for about 104.2 billion yen ($980 million) as it aims to boost its...
U.S. Risk Announces Acquisition of L.A. Xcess Insurance Brokers, Inc.
Mar 2 2018 // Dallas, TX, March 2, 2018—U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property and Casualty wholesaler, announced today that it has acquired L.A. Xcess Insurance Brokers, Inc., a Los Angeles,...
