Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
U.S. Risk Insurance Group, LLC Announces the Acquisition of IMS London American
Jul 10 2017 // Dallas, TX, July 10, 2017— U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property & Casualty wholesaler, announced today that it has acquired IMS London American Brokerage and Underwriting Services...
Insurtech Startup Buys MGA in California with Aim of Delivering Product for Agents
Jul 10 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
The Buckner Co. in Utah Names Braxton Vice President of Acquisitions and Development
Jul 7 2017 // The Buckner Co. has named Keith Braxton, the former President of Buckner of Colorado, vice president of acquisitions and development. Braxton will be responsible for helping the organization grow externally through...
Symantec to Acquire Israeli Cyber Security Startup Fireglass
Jul 7 2017 // Symantec Corp. is acquiring Israeli cyber security startup Fireglass, the company said on Thursday, in a small deal designed to boost its products that protect corporate email and web browsing from threats. Symantec is...
Ironshore International’s M&A and Tax Insurance Unit Opens Frankfurt Office
Jul 7 2017 // Ironshore International’s Mergers & Acquisitions and Tax Insurance unit announced it has opened an office in Frankfurt, Germany, through Ironshore Agency Ltd., to expand its European presence. Ironshore M&A...
Fairfax Financial Completes $4.9 Billion Acquisition of Allied World
Jul 6 2017 // Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co. Holdings, for US$4.9 billion – marking the company’s...
AXIS Capital to Acquire Lloyd’s Specialty Re/Insurer Novae for $604 Million
Jul 6 2017 // AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London. “The US$604 million transaction adds scale and breadth to the international...
Haines Family Acquires Marias Technology from Buckeye Insurance
Jul 5 2017 // The Haines family has acquired Covington, Ohio-based insurance technology services provider, Marias Technology, from Buckeye State Mutual Insurance Co. The acquisition was effective June 30, 2017. Members of the Haines...
The Hanover’s Chaucer Acquires SLE Holdings, Sydney-Based MGA
Jul 5 2017 // The Hanover Insurance Group Inc. announced that Chaucer, the company’s international specialty insurance group, has acquired SLE Holdings, a market-leading Lloyd’s managing general underwriting agency based in...
EXIN Buys 75% Stake in Ethniki Insurance from National Bank of Greece for $819M
Jun 30 2017 // EXIN Financial Services Holding B.V. has purchased a 75 percent stake in insurer Ethniki Hellenic General Insurance S.A. from the National Bank of Greece (NBG) for €718 million (US$819.2 million). Amsterdam-based EXIN...
New AIG CEO Duperreault Wants to Pursue Acquisitions, Slow Buybacks
Jun 30 2017 // American International Group Inc.’s new chief executive Brian Duperreault said on Wednesday the company would likely slow the pace of share buybacks and instead spend on acquisitions. “I’d love to find...
Ironshore M&A Unit Updates Transactional Liability Product for Healthcare Risks
Jun 30 2017 // Ironshore’s Mergers & Acquisitions and Tax unit has updated its transactional liability product to address regulatory risks in the healthcare sector. Ironshore now offers a single limit and single retention...
Partner Re’s CEO of P&C Walker, Chief Risk & Actuarial Officer Pestcoe to Retire
Jun 29 2017 // PartnerRe Ltd. announced that Tad Walker, CEO Property & Casualty, and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company at the end of the first quarter of 2018. PartnerRe is...
NFP Acquires International Insurance Group in Arizona
Jun 28 2017 // NFP Corp. has acquired Flagstaff, Ariz.-based International Insurance Group Inc. Nate Watson, chief operating officer of IIG, will join as managing director of NFP’s property/casualty business and report directly to...
Zurich Acquires UK Online Rental Car Insurance Provider, Halo
Jun 28 2017 // Zurich, together with its travel insurance unit Cover-More, has completed the acquisition of Halo, a specialist, UK-based online rental car insurance platform. Financial details of the transaction were not...
USI Wins Competition to Acquire Wells Fargo Insurance Businesses
Jun 27 2017 // Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to acquire Wells Fargo Insurance Services USA that includes commercial insurance brokerage and...
OceanPoint Acquires Christopher & Regan Insurance in Rhode Island
Jun 27 2017 // OceanPoint Insurance Agency has acquired Christopher & Regan Insurance of North Kingstown, R.I. The acquisition comes as OceanPoint Insurance has been seeking to expand its coverage in North Kingstown and South County,...
Alliant, USI in Running to Acquire Wells Fargo Insurance
Jun 26 2017 // Alliant Insurance Services Inc. has emerged as the front-runner to buy Wells Fargo & Co.’s insurance business, people familiar with the matter said. The San Francisco-based bank could announce a sale of its Wells...
Allianz Sells Private Bank OLB to Private Equity Firm Apollo for $336M
Jun 26 2017 // German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) to U.S. private equity firm Apollo for 300 million euros ($336 million). Apollo, which is consolidating...
Partners Specialty Group Adds Swett & Crawford’s Coelho in Kansas City
Jun 23 2017 // Partners Specialty Group Inc., an AmWINS Group Co., has added Michael Coelho to its property team. He is based in Kansas City, Mo. With almost 30 years of experience in the insurance industry, Coelho specializes in...
