Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Acquires Illinois’ Weiss Insurance Agencies
Dec 4 2017 // Arthur J. Gallagher & Co. has acquired Wayne, Illinois-based Weiss Insurance Agencies Inc. Terms of the transaction were not disclosed. Founded in 1905, Weiss Insurance Agencies provides a full range of employee...
Cook Maran Acquires New York’s McDermott & Thomas Associates
Dec 1 2017 // Cook Maran & Associates (Cook Maran), a New York and New Jersey insurance broker and the New York metropolitan area platform for Prime Risk Partners (PRP), has acquired McDermott & Thomas Associates LLC (M&T),...
Randall & Quilter Sells R&Q Managing Agency to U.S. MedMal Insurer Coverys
Dec 1 2017 // Randall & Quilter Investment Holdings Ltd. announced it has completed the sale of its Lloyd’s managing agency, R&Q Managing Agency Ltd. (RQMA), to Coverys, a provider of medical professional liability...
Aon Switzerland Buys Swiss Broker Unidelta AG
Nov 30 2017 // Aon plc has acquired 100 percent interest in Unidelta AG, an insurance broker located in Rapperswil, St. Gallen, Switzerland. Unidelta AG was founded in 2004, and is an independent all-line insurance broker with a strong...
UK’s Aviva Plans to Return $4B of Extra Cash to Shareholders, Make Acquisitions
Nov 30 2017 // Aviva expects to generate an extra 3 billion pounds ($4 billion) in cash over the next two years and will make acquisitions as well as giving money back to shareholders, it said on Thursday, sending its share price to...
China Oceanside’s Acquisition of Genworth Again Delayed by U.S. Review
Nov 30 2017 // The closing deadline for China Oceanwide Holdings Group Co.’s proposed purchase of Genworth Financial Inc .has been extended for a second time, to April 1, to allow them to satisfy a U.S. review on foreign takeovers,...
Markel Completes Acquisition of UK Building Services Insurer EC Insurance Co.
Nov 29 2017 // Markel International, the specialist insurer, has completed its acquisition of EC Insurance Co. Ltd. (ECIC), having received approval from the Prudential Regulation Authority. Sevenoaks, England-based ECIC provides a wide...
Patriot National to Reorganize for Acquiring Lenders; Subsidiaries to File Chapter 11
Nov 29 2017 // Patriot National Inc., which provides technology, outsourcing and underwriting services to the insurance industry, has announced a plan of reorganization as part of a restructuring support agreement (RSA) with its lenders,...
Bedrock Insurance to Acquire Ashmere Insurance, Unit of Struggling Patriot National
Nov 28 2017 // Bedrock Insurance Group Holdings LLC (BIGH), based in New York, has agreed to acquire Deerfield Insurance Holdings Inc. and its operating subsidiary Ashmere Insurance Co. (AIC), a workers’ compensation specialty...
ONI Risk Partners Acquires Indiana’s HBG Insurance & Bonds
Nov 28 2017 // Indianapolis-based independent insurance broker, ONI Risk Partners (ONI), is acquiring HBG Insurance & Bonds (HBG), a privately owned agency based in Greencastle, Indiana. Led by President Rick Bittles, the HBG team...
Tribal First Acquires American Indian Health Services in Washington
Nov 28 2017 // Tribal First, a division of Alliant Specialty Insurance Services Inc., has acquired American Indian Health Services. Brendan McKenna, president of AIHS, and his team will join Alliant and continue to serve clients from its...
Heritage to Acquire Rhode Island’s Narragansett Bay Insurance
Nov 28 2017 // Heritage Insurance Holdings Inc., a Clearwater, Fla.-headquartered property/casualty insurance holding company, has secured regulatory approval from the Rhode Island Department of Business Regulation to acquire NBIC...
Chubb Forms Partnership with China’s Largest P/C Insurer, PICC
Nov 27 2017 // Giant insurer Chubb Limited has entered into a 10-year strategic cooperation agreement with PICC Property & Casualty Company of China that will provide PICC’s customers and other Chinese-affiliated companies...
Hub International Acquires the Assets of Massachusetts’ Summit
Nov 27 2017 // Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Summit Financial Corporation and Summit Financial Insurance Agency Inc. (Summit). Terms of the acquisition were not...
The Carlyle Group to Acquire Dallas-Based BenefitMall
Nov 21 2017 // The Carlyle Group, a global alternative asset manager, is acquiring Dallas-based BenefitMall, a provider of employee benefits and payroll services to small and medium sized businesses across the U.S., from an investor...
Pennsylvania’s KMRD Partners Works Hard to Never Stop Improving
Nov 21 2017 // One of the first messages that appears on KMRD Partners Inc.’s website is a slogan that says, “We never stop improving for you.” The Warrington, Penn.-headquartered, boutique risk management and human...
Pen Underwriting Builds on QBE Partnership with Irish P/C Capacity Deal
Nov 20 2017 // Pen Underwriting has extended its strategic relationship with QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the highly specialist area of hazardous goods & environmental...
Markel Finalizes Acquisition of State National Companies
Nov 17 2017 // Markel Corp. has completed its previously announced acquisition of State National Companies, a specialty provider of property/casualty insurance services that operates two core businesses, program services and lender...
EU Wants Insurers to Plug Investment Gap, but Bank Partners Needed: Regulator
Nov 17 2017 // Efforts to get insurers to plug Europe’s investment gap by backing riskier assets could be undermined if banks are unwilling to share crucial credit data with them, a European Union insurance regulator said. EU...
The Hilb Group Acquires David Hill and Associates of North Carolina
Nov 17 2017 // The Hilb Group, LLC (THG) has acquired David Hill & Associates, Inc. (DHA) of Wilmington, N.C. DHA will be joining the existing Hilb Group office in Wilmington to build an expanded benefits practice. DHA represents...
