Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Aon Acquires Real Estate Investment Advisor Townsend Group
Jan 2 2018 // Insurance brokerage and consultant Aon has completed its acquisition of The Townsend Group, a global investment management and advisory services firm primarily focused on real estate and real assets. Aon reported in...
Ageas Sells Stake in Italian Bancassurer CARGEAS to BNP for $213.6M
Jan 2 2018 // Brussels-based insurer Ageas on Dec. 29 completed the sale of its stake in Italian bancassurer Cargeas Assicurazioni (CARGEAS) to BNP Paribas Cardif, for €178 million (US$213.6 million) in cash. Ageas and BNP Paribas...
R&Q Buys Old Mutual’s Run-Off Captive, Constantia Insurance
Jan 2 2018 // Randall & Quilter (R&Q) announced it has acquired Constantia Insurance Co. (Guernsey) Ltd., a captive company now in run-off, from Old Mutual plc. Regulatory approval for the acquisition has been granted and...
Fairfax Financial Sells Singapore Insurer to Mitsui Sumitomo for $1.6B
Dec 29 2017 // Fairfax Financial Holdings said it has successfully sold a Singapore insurer to Japan’s Mitsui Sumitomo Insurance Co. for US$1.6 billion.The deal between the Toronto, Canada-based P/C insurance, reinsurance and...
Allianz Buys 49% Stake in General Insurance Businesses of UK’s LV=
Dec 29 2017 // Allianz Group announced it has acquired a 49 percent stake in Liverpool Victoria Friendly Society’s UK general insurance businesses, the first stage in the creation of the companies’ joint venture and strategic...
China’s Fosun Plans to Raise $3.2B to Boost Domestic M&A: Sources
Dec 29 2017 // Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments inside the country,...
UnitedHealth to Acquire Banmedica in Chile for $2.8B
Dec 27 2017 // UnitedHealth Group Inc said on Friday [Dec. 22] it signed a definitive agreement to buy Chilean healthcare company Banmedica SA for $2.8 billion, expanding the health insurer’s footprint in South America. Banmedica...
Zurich Acquires Bright Box, Specialist in Telematics, Connected Car Technologies
Dec 22 2017 // Zurich Insurance Group announced it has purchased 100 percent of the shares of Bright Box HK Ltd. and its subsidiaries – an acquisition designed to increase its capabilities in connected car technologies and...
Congress OKs Stop-Gap Funding to Avoid Government Shutdown
Dec 21 2017 // The Senate gave final approval Thursday night to a short-term extension of federal funding to keep the government running for three more weeks while shoving a raft of fiscal and policy fights into the new year. The...
The Hilb Group Acquires Indiana’s Insurance Trustees
Dec 21 2017 // The Hilb Group LLC (THG) announced today the acquisition of Insurance Trustees Inc. in Garrett, Indiana. Founded over 100 years ago, Insurance Trustees offers a wide range of property/casualty and employee benefits...
Hanson Insurance Acquires Assets of Corvallis and Stineff in Oregon
Dec 19 2017 // Oregon-based Hanson Insurance Group of Corvallis has acquired and will be merging Corvallis Insurance Services and Stineff Insurance Services of Monmouth into the Hanson Insurance Group name. Both independent agencies...
Alera Group Acquires Illinois’ Hallberg Commercial Insurers
Dec 19 2017 // Deerfield, Illinois-based employee benefits, property/casualty, risk management and wealth management firm, Alera Group, has acquired Hallberg Commercial Insurers Inc. in Oakbrook, Illinois. Hallberg Commercial provides...
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...
