Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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,...
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,...
