Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Lloyd’s Approves Dale Underwriting Partners’ Special Purpose Arrangement
Nov 13 2017 // Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced that its special purpose arrangement (SPA) has received approval from Lloyd’s. The SPA will reinsure a portfolio of...
HPM Insurance Acquires New Hampshire’s Byse Agency
Nov 13 2017 // HPM Insurance, an Amherst, N.H.-headquartered insurance agency, has acquired Byse Agency Inc. of Laconia, N.H. Byse Agency has met the insurance needs of individuals and businesses since its incorporation in 1932 and has...
China Unveils Rules Allowing Foreign Firms to Take Majority Stakes in Local Insurers
Nov 10 2017 // China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures,...
Hub to Buy Wells Fargo Crop Insurance Broker Business
Nov 9 2017 // Global insurance broker Hub International Limited (Hub) has agreed to acquire the assets of the crop insurance broker business of Wells Fargo Insurance. Terms of the agreement to buy the business, known as Wells Fargo Crop...
Insurance Entrepreneurs Launch Core Assurance Partners in Virginia
Nov 9 2017 // Core Assurance Partners, a newly formed insurance and risk management firm based in Hampton Roads, Va., is expanding its core competencies across industries and building on specialized expertise in the real estate,...
Hannover Re Sells Entire Stock Portfolio to Pay for Catastrophe Claims
Nov 8 2017 // For Hannover Re, the world’s third-biggest reinsurer, it’s time to take profits in the stock market. The German company said on Wednesday that it sold its entire stock portfolio, worth about 953 million euros...
China Taiping Insurance in Talks to Buy $1.3B Building in Hong Kong: Sources
Nov 8 2017 // A unit of state-owned China Taiping Insurance Group is in advanced talks to acquire a newly built office tower in Hong Kong from Henderson Land Development Co., according to people with knowledge of the matter. China...
Fifth Third Closes Acquisition of Epic Insurance Solutions, Integrity HR
Nov 8 2017 // Cincinnati, Ohio-based Fifth Third Bancorp has closed on the acquisition of Epic Insurance Solutions Agency LLC, and Integrity HR. Don Thompson along with the other principals of Epic Insurance Solutions, Jason Rankin and...
CVS, Aetna Could Close $70B Merger Deal as Soon as December
Nov 6 2017 // U.S. pharmacy operator CVS Health Corp. and health insurer Aetna Inc. are working toward finalizing merger terms and announcing a deal for more than $70 billion as early as December, according to people familiar with the...
ASC to Acquire Forestry Insurance Co. of the Southeast’s Commercial Auto Book
Nov 6 2017 // Accredited Surety and Casualty Company, Inc. (ASC), a subsidiary of Randall & Quilter (R&Q), has entered into an agreement with Forestry Insurance Company of the Southeast to acquire its commercial auto book of...
XPT Group Acquires Wholesaler WSS and West-Pro of Texas
Nov 3 2017 // A new insurance distribution partnership XPT Group reports it has acquired WSS, a Plano, Texas, wholesale broker and managing general agency (MGA) including Western Security Surplus Insurance Brokers Inc. and its managing...
Hub Acquires Assets of California-Based Axella Insurance Services
Nov 3 2017 // Hub International Ltd. has acquired the assets of San Diego, Calif.-based Axella Insurance Services Inc. Terms of the deal were not disclosed. Martin Khalaf, president and CEO of Axella, will join Hub California and report...
Ryan Specialty Group Acquisition of Houston’s Oxford Insurance Services Completed
Nov 3 2017 // Ryan Specialty Group LLC has completed its previously announced acquisition of Oxford Insurance Services LLC (Oxford), a wholesale insurance brokerage headquartered in Houston, Texas. The acquired business is part of R-T...
Fifth Third Closes Acquisition of Epic Insurance Solutions, Integrity HR
Nov 3 2017 // Cincinnati, Ohio-based Fifth Third Bancorp has closed on the acquisition of Epic Insurance Solutions Agency LLC, and Integrity HR. Don Thompson along with the other principals of Epic Insurance Solutions, Jason Rankin and...
$2.1M in Funding For Montana Town’s Tornado Recovery Efforts
Nov 3 2017 // Montana officials say they have secured $2.1 million in federal disaster aid for ongoing cleanup efforts in the town of Baker where a tornado tore up homes, leaving a lake covered in hundreds of tons of debris. The...
Reliance Partners Opening New Office in Chicago
Nov 2 2017 // Chattanooga, Tennessee-based commercial insurance provider, Reliance Partners, is expanding in the Midwest by opening a new office in the Chicago area. Edgar Mercado will lead the new Chicago office. Mercado started his...
JLT Specialty USA Adds Starr’s Vendetti to Construction Risk Partners
Nov 2 2017 // JLT Specialty USA announced the appointment of James Vendetti as a director for its construction insurance practice, Construction Risk Partners (CRP). Based in New York, Vendetti will focus on business development,...
AmWINS Completes Acquisition of 15 Insurance Programs from Willis Towers Watson
Nov 2 2017 // Specialty insurance broker AmWINS Group reported that it has completed the previously-announced acquisition of 15 insurance programs from Willis Towers Watson. Terms were not disclosed. “The programs, product...
Evergreen Acquires Pro Surety Bond in Nevada
Nov 2 2017 // Evergreen Insurance & Risk Management has acquired the assets Pro Surety Bond Inc. of Las Vegas, Nev. Terms of the deal were not disclosed. Pro Surety Bond delivers web-based insurance solutions with a focus on...
Allianz Worldwide Care Rebrands as Allianz Partners
Nov 2 2017 // Allianz Worldwide Care has changed its name to Allianz Partners, and its international health and life insurance products and services are now being promoted under the “Allianz Care” product brand. As...
