Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
House Republicans Eye Disaster Aid, Short-Term Funding Bill
Dec 19 2017 // House Republicans agreed Monday on $81 billion in disaster relief for areas hit by hurricanes and wildfires, the largest standalone aid bill in recent years, according to a document provided by a Republican lawmaker. The...
Navigators to Buy Belgian Specialty Insurer, Reinsurer
Dec 18 2017 // U.S.-based global specialty insurer The Navigators Group has agreed to purchase all of the shares of Assurances Continentales – Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM),...
CVS-Aetna Merger Will Influence Employers’ Benefits Decisions: Aon
Dec 18 2017 // CVS Corp.’s proposed purchase of Aetna Inc. will affect decision-making by a majority of large and mid-size U.S. corporations on employee health benefits, a survey by benefits consultant Aon Plc found. CVS, the...
PolyMet Secures $544M in Surety Bonds, Funding for Wisconsin Mine Costs
Dec 15 2017 // PolyMet Mining Corp. is offering the state a $544 million package of financial assurances to serve as an insurance policy to protect taxpayers from potentially having to cover the costs of closing and cleaning up a...
American Family Insurance Acquires Data Analytics Firm; Also Home Tech Firm
Dec 15 2017 // American Family Insurance said it intends to accelerate its use of data, advanced analytics and artificial intelligence (AI) with its purchase of Chicago-based data and analytics software company Networked...
Investor Sues Uber Directors Over $680M Acquisition of Autonomous Car Firm
Dec 14 2017 // Uber Technologies Inc. directors were accused of failing to properly review the ride-sharing company’s $680 million acquisition of a self-driving technology firm that wound up being accused of stealing trade secrets...
Smith to Join Prime Risk Partners in Atlanta as Chief Operating Officer
Dec 14 2017 // Prime Risk Partners announced that Robert C. Smith has joined the company as executive vice president and chief operating officer. Smith’s career has focused on agency operations consulting and mergers and...
Zurich’s Acquisition of ANZ Life Unit Designed to Boost Dividends
Dec 12 2017 // Zurich Insurance Group AG’s decision to acquire the life-insurance businesses of Australia & New Zealand Banking Group Ltd. should help Switzerland’s biggest insurer fulfill its ambition to increase its...
Zurich Insurance to Acquire ANZ’s Life Businesses in Australia for US$2.14B
Dec 11 2017 // Zurich Insurance Group announced that it has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia, for A$2.85 billion (US$2.14 billion). Both parties expect...
New York’s Distinguished Acquires American Hole ‘n One
Dec 8 2017 // Distinguished LLC, a New York, N.Y.-based group of entrepreneurial businesses serving the insurance industry, has acquired American Hole ‘n One (AHNO), a global hole-in-one and event promotions company. In tandem...
Risk Strategies Company Acquires Maryland’s Delmarva Surety
Dec 8 2017 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has acquired Delmarva Surety in a move that extends its Mid-Atlantic footprint while adding specialized contract surety...
Congress Avoids Government Shutdown with 2-Week Funding Measure
Dec 7 2017 // Congress passed a two-week extension of federal funding that averts a government shutdown this week but defers decisions on spending levels for defense and domestic programs. The House voted 235 to 193 in favor of the...
Republicans Eye Stopgap Funding to Avoid Government, Flood Insurance Shutdown
Dec 6 2017 // House Republicans are moving ahead with a plan to avoid a Saturday U.S. government shutdown by passing a two-week stopgap spending measure, overriding conservative GOP lawmakers who were pressing for a longer extension to...
Claims Firm Sedgwick to Acquire Competitor Cunningham Lindsey
Dec 6 2017 // Global claims firm Sedgwick Claims Management Services has agreed to acquire Cunningham Lindsey, another global loss adjusting and claims management firm. No terms were disclosed. CVC Capital Partners, a private investor...
Hub Acquires Assets of Maryland’s Contractor’s Services and Surety Services
Dec 5 2017 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Contractor’s Services Inc. (CSI) and Surety Services LLC (SS). Terms of the acquisitions were not disclosed. Headquartered in...
Arthur J. Gallagher & Co. Buys UK’s Gatehouse Consulting Ltd.
Dec 5 2017 // Arthur J. Gallagher & Co. announced the acquisition of London-based Gatehouse Consulting Ltd. Terms of the transaction were not disclosed. Gatehouse Consulting is a full-service agency offering strategic communications...
Coverys Finalizes Acquisition of GIMC of Florida
Dec 5 2017 // On December 1, 2017, Coverys finalized the acquisition of Global Insurance Management Company, Inc. (GIMC), headquartered in Plantation, Fla. GIMC and its insurance subsidiary, Healthcare Underwriters Group, Inc., provide...
Argo Partners With Front Line Safety on Restaurant, Grocer Safety Products
Dec 4 2017 // Argo Insurance, a member of Argo Group International Holdings, Ltd., and an international underwriter of specialty insurance and reinsurance products, has partnered with Front Line Safety to offer services to its...
Octo Telematics Buys Usage-Based Insurance Assets of Willis Towers Watson
Dec 4 2017 // Octo Telematics, the the London-based provider of telematics for the auto insurance industry, announced it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson, which was...
USI Completes Acquisition of Wells Fargo Commercial Insurance Business
Dec 4 2017 // USI Insurance Services announced the closing on its acquisition of Wells Fargo Insurance Services USA (WFIS), formerly part of Wells Fargo & Co. This purchase includes the commercial insurance brokerage and consulting,...
