Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
JLT Re Appoints Chubb’s Williams as Partner in Bermuda Operation
Jun 23 2017 // JLT Re, the global provider of reinsurance broking and consultancy, has appointed Deanna Williams as a partner in JLT Re’s Bermuda operation. She will report to Charles Withers-Clarke, partner, JLT Re in Bermuda, who...
Tennessee-Based Reliance Partners Promotes Howell to SVP
Jun 23 2017 // Reliance Partners, a leading commercial insurance agency, has promoted Laura Ann Howell to the position of senior vice president. Prior to the promotion, Howell began her career with Reliance Partners in 2015 as vice...
Insurtech Startup Buys MGA in California with Product for Agents in Mind
Jun 22 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...
Confie Completes Two Acquisitions in New York
Jun 22 2017 // Confie, a national provider of personal and commercial lines insurance, has completed two acquisitions in New York. In the Bronx, N.Y., area, Confie acquired Tremont Spirit Insurance Inc. Tremont is a provider of...
Bitcoin Startup, Blockchain, Raises $40M in New Funding from Heavy Hitters
Jun 22 2017 // Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding, representing one of the largest investment rounds in the financial technology sector since Britain’s vote to...
Insurance Office of America Acquires Assets of Slaton Risk Services in South Florida
Jun 22 2017 // Insurance Office of America (IOA) has purchased the Employee Benefits Practice, Major Accounts Group, and captive and alternative risk financing units of Slaton Risk Services, based in West Palm Beach, Fla. These assets,...
Confie Acquires Valetta and EZ in Arizona
Jun 21 2017 // Confie has acquired Arizona agencies Valletta Insurance in Phoenix and EZ Insurance in Tucson. Both Valletta and EZ are providers of non-standard auto insurance. Terms of the deal were not disclosed. Huntington Beach,...
