Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Optisure Risk Partners Hires Sterrett as Life Practice Manager in Connecticut
Jan 24 2018 // Optisure Risk Partners, based in Manchester, N.H., has hired Reid Sterrett as life practice manager, reporting directly to Optisure CEO Peter R. Milnes. Sterrett will be based in Hartford, Conn., and will serve as a...
Hartford InsurTech Hub Announces Partnership with Crawford & Company
Jan 24 2018 // Hartford InsurTech Hub, powered by Startupbootcamp, has announced a partnership with Crawford & Company, a publicly listed independent provider of claims management to insurance companies and self-insured entities. The...
With $25 Million in New Funding, Home Insurtech Hippo to Expand
Jan 24 2018 // Insurtech Hippo has nailed down $25 million in new Series B funding, a cash infusion the provider of super-quick homeowners insurance will use to fuel a hiring and geographical expansion. Comcast Ventures and Fifth Wall...
InsuranceHub Acquires Insley Insurance of Georgia
Jan 24 2018 // InsuranceHub, a technology-driven insurance agency with more than 15,000 clients nationwide, has acquired Insley Insurance of Dacula, Ga. The acquisition became official in January 2018. Insley Insurance was founded by...
TigerRisk Names Beckers, from Aon, as Partner and Head of EMEA
Jan 23 2018 // TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced that Marc Beckers has been named partner and head of EMEA. Beckers, most recently head of Aon Benfield ReSolutions EMEA, is one of...
Liberty Mutual Sells Off Life Insurance Unit, Realigns U.S., Global P/C Business
Jan 23 2018 // Liberty Mutual is getting out of the life insurance business, and the insurer will reorganize in order to better focus on its remaining P/C businesses. The Boston-based global insurer said it will sell its life insurance...
Airbus Looks to Insurers to Fill Export Trade Funding Gap After Europe’s Freeze
Jan 23 2018 // Airbus said on Monday it is working with private insurance firms and banks to help fill a two-year gap in trade funding left by a European freeze on government export credits, but expects limited public financing to resume...
Leavitt Central Coast Insurance Services Acquires Pulford in California
Jan 22 2018 // Pulford Insurance Agency has been acquired by Leavitt Central Coast Insurance Services. The merger will not affect customer policies, and the same personnel will continue to serve clients, now at the LCCIS location in...
AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment
Jan 22 2018 // Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer...
RenaissanceRe to Buy Minority Stake in Run-Off Firm Catalina Holdings
Jan 19 2018 // RenaissanceRe will pick up a minority stake in Catalina Holdings (Bermuda) Ltd., a long-term manager of legacy runoff P/C insurance and reinsurance businesses. Neither side is disclosing financial terms. RenaissanceRe will...
S. Africa Mobile Phone Firm Cell C Seeks M&A to Expand into Insurance
Jan 18 2018 // Cell C Pty Ltd. is seeking acquisitions that will help transform South Africa’s third-biggest mobile-phone company into a full-service telecommunications provider offering internet and financial services as well as...
Kaplansky Insurance Acquires Massachusetts’ Anthony and Malcolm Insurance Agency
Jan 18 2018 // Kaplansky Insurance has acquired Anthony and Malcolm Insurance Agency in Bradford, Mass. Founded in 1919, Anthony and Malcolm Insurance provides a range of insurance services to both personal and commercial clientele. The...
Arthur J. Gallagher & Co. Acquires New Jersey’s The Daniels Group
Jan 18 2018 // Arthur J. Gallagher & Co. has acquired New Providence, N.J.-based The Daniels Group Inc. Terms of the transaction were not disclosed. Founded in 1991, The Daniels Group is a full-service employee benefits consultant...
Insurance Agency M&As Soared 31% in 2017: OPTIS
Jan 18 2018 // Mergers and acquisitions of insurance agencies last year broke all records in 2017, according to OPTIS Partners’ annual report. The OPTIS database recorded 604 deals in the United States and Canada in 2017, a 31...
JenCap Holdings to Acquire Genesee General of Georgia
Jan 18 2018 // JenCap Holdings LLC (JCH), a specialty insurance business, has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Ga. The...
Alera Group Acquires New Jersey’s FIRM Inc.
Jan 17 2018 // Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired FIRM Inc., an insurance agency located in Mahwah, N.J. Terms of the transaction were not...
UK’s Thomas Cook Partners with Fintech Firm to Offer Pay-Per-Day Travel Cover
Jan 17 2018 // British travel company Thomas Cook has partnered with fintech firm Revolut to launch a “pay-per-day” travel insurance service which automatically provides users with medical cover by tracking their location...
Deutsche Bank Forms Bancassurance Partnership with Digital Broker Friendsurance
Jan 16 2018 // Deutsche Bank and digital insurance broker Friendsurance have formed a partnership designed to make it simpler and more transparent and convenient for clients to arrange for their insurance needs. To drive this, Deutsche...
E&S Exit: State Auto’s Rockhill Sells Environmental Insurance Renewals to CapSpecialty
Jan 16 2018 // Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group’s excess and surplus environmental insurance book of business. Rockhill is...
Insurance Center of New England Acquires Massachusetts’ Eastman & Davis
Jan 16 2018 // Insurance Center of New England (ICNE), based in Agawam, Mass., has added Eastman & Davis Insurance Agency of West Springfield, Mass., to its company. ICNE is a privately-owned and independent insurance agency with...
