Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Partner Re, RenRe & Third Point Re Estimate Q3 Natural Catastrophe Losses
Oct 6 2017 // Three more reinsurers released their initial loss estimates from third quarter natural catastrophes, which include Hurricanes Harvey, Irma and Maria and the Mexico City earthquake. PartnerRe Ltd. estimates combined...
Alera Group Acquires Pennsylvania’s Simpson McCrady Benefits
Oct 6 2017 // Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has completed the acquisition of Simpson McCrady Benefits LLC, effective October 1, 2017. Terms of the...
Specialty Program Group Acquires Assets of Capitol Special Risks of Georgia
Oct 6 2017 // Specialty Program Group LLC (SPG), a holding company for specialty brokerage, contract binding, and insurance underwriting facilities, has acquired the assets of Capitol Special Risks, Inc. (CSR). Terms of the acquisition...
Alera Group Acquires Employer Concept in California
Oct 5 2017 // Alera Group has acquired Employer Concept Insurance Services, based in Irvine, Calif. Terms of the deal were not disclosed. Employer Concept Insurance Services will join Alera Group through local firm...
Alera Group Acquires Illinois, Wisconsin Agencies
Oct 5 2017 // Deerfield, Illinois-based Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm, has acquired Axis Benefit Consultants in Westmont, Illinois, and Jeatran Associates in...
Insurtech Pie Insurance Eyes Slice of Workers’ Comp Market with $4.3M Funding and Pricing Tool
Oct 4 2017 // Oddly-named Pie Insurance took an initial step toward entering the workers’ compensation insurance market at the InsureTech Connect conference in Las Vegas by introducing an interactive pricing tool for small and...
Hub Acquires Shares of Rural Alaska Insurance Agency
Oct 3 2017 // Hub International Ltd. has acquired the shares of Rural Alaska Insurance Agency Inc. Terms of the deal were not disclosed. John Kohler, Jr., president of Rural Alaska, will join Hub Northwest and report to Steve Wagner,...
Pennsylvania Public Relations Agency Rebrands, Adds Hughes as Partner
Oct 2 2017 // Kimball Communications, a boutique, Philadelphia, Penn.-based public relations agency specializing in insurance, real estate, law, trade associations and other niche industry communications, has rebranded as Kimball Hughes...
XL Catlin’s Accelerate Partners with UK Artificial Intelligence Startup Cytora
Oct 2 2017 // XL Catlin’s internal innovation team, Accelerate, announced it is working with Cytora, a UK-based insurtech startup that uses artificial intelligence (AI) and open source data to improve the way insurers quantify,...
Canada’s Intact Financial Completes OneBeacon Acquisition; Vows to Grow Specialty Insurer
Sep 29 2017 // Intact Financial Corp. said it has completed its acquisition of U.S. specialty insurer OneBeacon Insurance Group from Bermuda-based White Mountains Insurance Group. The purchase price was C$2.3 billion (US$1.7...
USI Insurance Services Acquires Pennsylvania’s David M. Banet & Associates
Sep 28 2017 // USI Insurance Services (USI) has acquired David M. Banet & Associates Inc. (Banet), an Exton, Penn.-based leader in benefits consulting and administration, human capital management and insurance brokerage and...
Alera Group Acquires Pennsylvania’s West Park Insurance and Risk Management
Sep 27 2017 // Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired West Park Insurance and Risk Management of Allentown, Penn. Formed in 2002, West Park Insurance and...
Allianz Partners with Cyence to Expand Capabilities in Cyber Risk Analysis
Sep 27 2017 // Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has teamed up with San Mateo, Calif.-based cyber risk analytics and modeling firm Cyence to...
