Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Hilb Group Acquires Rhode Island’s Keough Kirby Associates
May 3 2017 // The Hilb Group LLC (THG) has acquired Keough Kirby Associates (KK) of Woonsocket, R.I. The transaction became effective April 1, 2017. As an established agency in New England, KK has been providing property and casualty,...
Canadian P/C Insurer Intact Financial to Acquire OneBeacon for $1.7 Billion
May 3 2017 // Canada’s largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will create a North...
Liberty Mutual Completes Ironshore Acquisition; Will Use Ironshore Brand for U.S. Specialty Business
May 2 2017 // Liberty Mutual Insurance has completed its acquisition of specialty insurer Ironshore Inc., creating a global specialty business with approximately $6.5 billion in net written premium. Liberty Mutual announced last...
Hub International Acquires Assets of City Insurance Services in California
May 2 2017 // Hub International Ltd. has acquired the assets of Buena Park, Calif.-based City Insurance Services its affiliates, Silver City Insurance Services Inc. and MOA Financial Services. Terms of the deal were not disclosed. Brian...
Alliant Acquires Summit Insurance Resource Group in Idaho
May 2 2017 // Alliant Insurance Services Inc. has acquired Summit Insurance Resource Group in Sandpoint, Idaho. Summit will operate as part of Alliant Americas, which provides the middle market with regionally focused insurance products...
NFP Acquires Hole-in-One in Nevada
May 2 2017 // NFP Corp. has acquired Reno, Nev.-based Hole-in-One U.S.A. HIO is a provider of hole-in-one coverage for golf events throughout the U.S. David Nelson, principal of the firm, will join NFP as a director and report to Terry...
Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead
May 2 2017 // Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson...
Aon Sells Outsourcing Platform to Focus on Data, Analytics Investments
May 2 2017 // Aon announced it has completed the sale of its benefits administration and HR business process outsourcing (BPO) platform to private equity funds affiliated with New York-based Blackstone for a cash consideration of $4.3...
A.M. Best Upgrades Aviabel’s Ratings After AXIS Acquisition
May 2 2017 // A.M. Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from...
Pennsylvania Insurance Department Becomes Partner in PA Forward Initiative
May 2 2017 // Pennsylvania Insurance Commissioner Teresa Miller recently joined with leaders of the Pennsylvania Library Association and the York County Library System to announce a partnership to provide consumer information on...
China Ride-Hailing Firm, Didi, to Go Global After Record Funding
May 1 2017 // Chinese ride-hailing giant Didi Chuxing just raised more than $5.5 billion, giving Uber Technologies Inc. Chief Executive Officer Travis Kalanick one more thing to worry about. Didi’s record funding round is said to...
AmWINS Completes Acquisition of Networked Insurance Agents in California
May 1 2017 // AmWINS Group Inc. has acquired Networked Insurance Agents, a California-based insurance aggregator specializing in the standard lines insurance segment. Charlotte, N.C.-based AmWINS Group is an independent wholesale...
M&A Review: Deal Activity Slows, Demand Remains Healthy
May 1 2017 // Deal count for the first quarter of 2017 was down relative to the first quarter of both 2015 and 2016. There were 102 announced transactions in the first quarter of 2017, compared to 124 in the first quarter of 2016 (a...
Appeals Court Blocks Anthem-Cigna Merger Bid
Apr 30 2017 // A U.S. appeals court on Friday blocked health insurer Anthem Inc’s bid to merge with Cigna, upholding a lower court’s decision that the $54 billion deal should not be allowed because it would lead to higher...
Canada’s Desjardins Aims to Buy P/C Insurers: CEO Cormier
Apr 28 2017 // Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy...
MGA Pen Underwriting & Markel Partner to Offer UK Equine Cover
Apr 27 2017 // Pen Underwriting has formed a new strategic partnership with specialist insurer Markel International to further consolidate Pen’s presence in the UK equestrian market and drive the company’s product innovation...
Arthur J. Gallagher Acquires Oklahoma’s Commercial Insurance Brokers
Apr 26 2017 // Arthur J. Gallagher & Co. has acquired Tulsa, Oklahoma-based Commercial Insurance Brokers LLC. Terms of the transaction were not disclosed. Formed in 2012, Commercial Insurance Brokers is a group of insurance producers...
Vertafore Acquires Analytics Firm RiskMatch
Apr 25 2017 // Insurance technology firm Vertafore said it has acquired RiskMatch, a Connecticut-based business intelligence and analytics company that provides portfolio management and placement services to insurance brokers and...
Motorists Mutual, BrickStreet Mutual Finalize Joint Venture
Apr 24 2017 // Ohio-based property/casualty insurer Motorists Mutual Insurance Co. and West Virginia-based workers’ compensation insurer BrickStreet Mutual Insurance Co. Inc., have been granted regulatory approvals to affiliate...
UK’s Aviva Buys Remaining 50% Share in Vietnam Joint Venture
Apr 24 2017 // Aviva plc has acquired VietinBank’s entire 50 percent shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Ltd. Aviva also has signed a new distribution agreement with VietinBank to sell...
