Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Assurant to Buy The Warranty Group for $2.5 Billion
Oct 19 2017 // Assurant will pay $2.5 billion to acquire The Warranty Group, a rival that provides insurance protection plans in areas including consumer electronics and appliances. Assurant is buying The Warranty Group from TPG Capital,...
Hub International Acquires Assets of Maine’s Graffam Insurance Group
Oct 18 2017 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Graffam Insurance Group LLC (Graffam). Terms of the acquisition were not disclosed. Based in Cumberland Center, Maine, Graffam...
The Hilb Group Acquires Delaware’s CNC Insurance Associates Inc.
Oct 18 2017 // The Hilb Group LLC (THG), a property and casualty insurance and employee benefits broker, has acquired CNC Insurance Associates Inc. (CNC). The transaction became effective October 1, 2017. CNC is THG’s 38th...
BKS Partners of Florida Promotes Hammer to Partner
Oct 18 2017 // Baldwin Krystyn Sherman Partners (BKS-Partners) has promoted Matt Hammer to partner. He will lead the company’s Orlando office. As a partner, Hammer now has an ownership stake in the firm. His involvement in...
Hub International Acquires Assets of Banyan Consulting Group of North Carolina
Oct 17 2017 // Hub International Limited has acquired the assets of Banyan Consulting Group, Inc. (Banyan). Terms of the acquisition were not disclosed. With offices in Greensboro, Raleigh and Charlotte, North Carolina, Banyan...
Arthur J. Gallagher & Co. Acquires New Mexico’s Reynolds & Rodar Insurance Group
Oct 16 2017 // Arthur J. Gallagher & Co. has acquired Santa Fe, New Mexico-based Reynolds & Rodar Insurance Group Inc. Terms of the transaction were not disclosed. With roots going back to 1882, Reynolds & Rodar is the oldest...
AmWINS Acquiring 15 Insurance Programs from Willis Towers Watson
Oct 16 2017 // Specialty broker AmWINS Group reports it has agreed to acquire 15 insurance programs from broker Willis Towers Watson. Among the programs being acquired by AmWINS are MountainGuard, which provides underwriting, claims and...
Acquiring Insurers Underperformed in 2016: Willis Towers Watson
Oct 16 2017 // Research from Willis Towers Watson published earlier this month revealed that insurers doing acquisitions in 2016 underperformed in comparison to peers that stayed away from M&A. WTW used a performance measure based on...
Insurance Journal, Insurance Careers Movement Partner on ‘Cool’ Job Contest for Under-40 Pros
Oct 16 2017 // Insurance Journal today launched a contest in conjunction with Insurance Careers Movement on what young insurance professionals believe is the coolest part of their job. It’s a bit tricky, however, because...
SILVER Best Agency to Work For – KMRD Partners
Oct 16 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...
Roundstone, Hub International Partner on Medical Captive Programs
Oct 13 2017 // Roundstone Management Ltd. (Roundstone) in Lakewood, Ohio, and Chicago-based insurance brokerage Hub International Limited (Hub) have formed a strategic partnership for self-funded medical captive programs. Roundstone...
Hurricane-Battered Flood Insurance Program In Need of Funding
Oct 13 2017 // The U.S. National Flood Insurance Program, struggling with the costs of this year’s record hurricane season, will run out of money as early as Oct. 23 unless Congress takes action. The Federal Emergency Management...
Hub International Acquiring Michigan Employee Benefits Agency
Oct 12 2017 // Chicago-based international insurance brokerage Hub International Limited (Hub) has acquired the assets of Marwil & Associates LLC (Marwil & Associates) in Farmington Hills, Michigan. Terms of the acquisition were...
Leavitt Group Acquires Group Services Northwest in Washington
Oct 11 2017 // Leavitt Group Northwest has acquired Group Services Northwest. Terms of the deal were not disclosed. This merger will not affect Group Services Northwest client policies and all staff remains with the agency at the same...
Octo Telematics to Buy Usage-Based Insurance Assets of Willis Towers Watson; Partnership Announced
Oct 11 2017 // Octo Telematics, the London-based provider of telematics for the auto insurance industry, announced it will acquire the usage-based insurance (UBI) assets of Willis Towers Watson and will create a partnership with the...
BKS Partners in Florida Taps Nash as Private Risk Management Director
Oct 11 2017 // Baldwin Krystyn Sherman Partners (BKS-Partners) of Florida has added Kelly Nash as Private Risk Management managing director. As the Private Risk Management managing director and member of the BKS leadership team, Nash...
Hub Acquires Assets of Alaska-Based Kenneth A. Murray Insurance
Oct 10 2017 // Hub International Ltd. has acquired the assets of Kenneth A. Murray Insurance Inc. Terms of the deal were not disclosed. Ken Murray, president of Kenneth A. Murray Insurance, will join Hub Northwest and report to Steve...
ExpressScripts to Acquire Benefits Manager eviCore
Oct 10 2017 // Express Scripts said on Tuesday it would buy privately-held specialty healthcare benefits manager eviCore healthcare for $3.6 billion to bolster its medical benefits management business, with the deal adding to adjusted...
Buffett’s Berkshire to Buy 9% Stake in Italian Insurer Cattolica
Oct 6 2017 // Warren Buffett is expanding his wager on Italy. The billionaire’s Berkshire Hathaway Inc. said Thursday it agreed to buy about 9 percent of Italian insurer Societa Cattolica di Assicurazioni Scrl from Banca Popolare...
P/C Insurer Software Provider Guidewire to Acquire Data Science Firm Cyence
Oct 6 2017 // Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay approximately $275 million...
