Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hamilton Re to Buy Canopius’ Excess Casualty Renewal Rights
Apr 24 2017 // Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.’s excess casualty insurance book of business. The...
AIG Study Shows How, Why M&A Insurance Claims Frequency Is Rising
Apr 24 2017 // The frequency of insurance claims surrounding mergers and acquisitions (M&As) is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American...
Houston’s Platform Partners Acquires Voluntary Benefits Firm, Beneplace
Apr 20 2017 // Platform Partners LLC (Platform), a private company headquartered in Houston, has completed the acquisition of Beneplace LLC (Beneplace), markets and distributes voluntary employee benefits and employee discount programs...
Warburg Seeks to Buy Minority Stake in India’s ICICI Lombard from Fairfax
Apr 20 2017 // Warburg Pincus is the frontrunner to acquire a minority stake in Indian insurer ICICI Lombard General Insurance Co. from Prem Watsa’s Fairfax Financial Holdings Ltd., according to people familiar with the...
Munich Re, Beazley Partner to Provide Enhanced Cover for Large Cyber Risks
Apr 20 2017 // Building on their existing collaboration, Beazley and Munich Re’s Corporate Insurance Partner announced the creation of “Vector,” a partnership that aims “to bring innovation and capacity to the...
Specialty Brokers AmWINS and Partners Specialty Group to Merge
Apr 19 2017 // Specialty insurance brokerages AmWINS Group Inc. and Partners Specialty Group LLC have agreed to merge. Partners will become part of the AmWINS Brokerage Division, bringing an expanded geographic presence that complements...
Connecticut’s Business Risk Partners Hires Stein and Rathore
Apr 19 2017 // Specialty underwriter and program administrator Business Risk Partners (BRP), headquartered in Windsor, Conn., has added two new members to its Professional Liability (E&O) and Operations team. Jennifer Stein was named...
China’s Anbang to Abandon Attempt to Buy FGL: Sources
Apr 17 2017 // China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory...
Zurich Buys Australia’s Largest Travel Insurer, Cover-More, for US$551M
Apr 13 2017 // Zurich Insurance Group has successfully acquired Cover-More Group Ltd., a leading travel insurance and assistance solutions provider based in Sydney with a strong market position in Australia, India and the U.S. This...
USI Acquires North Carolina’s Cameron M. Harris & Co.
Apr 12 2017 // USI Insurance Services has acquired Cameron M. Harris & Company, an insurance brokerage firm in North Carolina. Cameron M. Harris & Company and its employees will remain at the current Charlotte location. Terms of...
Heffernan Acquires National Truck Services Group in Arizona
Apr 11 2017 // Heffernan Insurance Brokers has acquired the assets of Phoenix, Ariz.-based National Truck Services Group. The NTSG leadership personnel, AJ Planeta, sales manager, and Kathy Herter commercial lines manager, will oversee...
China’s Probe of Regulatory Chief Won’t Slow Insurers’ Overseas M&A: Opinion
Apr 11 2017 // Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the...
Risk Strategies Acquires Massachusetts’ Mosse & Mosse
Apr 11 2017 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has added to its employee benefits practice and expertise with the acquisition of Mosse & Mosse Associates LLC’s...
UPC Insurance, American Coastal Complete Merger
Apr 11 2017 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, announced April 3 it has received all necessary regulatory approvals, met all other closing conditions and successfully...
State May Drop Funding for Sobriety Checkpoints in Missouri
Apr 10 2017 // Missouri police could lose state funding for sobriety checkpoints after a debate weighing motorists’ rights to avoid unreasonable searches against the state’s interest in keeping roads safe, as well as the...
NFP Acquires Arkansas’ Thomas Insurance Agency
Apr 10 2017 // National insurance broker and consultant, NFP, has acquired The Thomas Insurance Agency of Benton Inc. in Benton, Ark. Thomas Insurance Agency is a property/casualty insurance broker that provides commercial and personal...
S&P Raises Ratings for Belgian Aviation Insurer Aviabel After AXIS Acquisition
Apr 7 2017 // S&P Global Ratings has raised its long-term counterparty credit and financial strength ratings on Aviabel Cie. Belge d’Assurances Aviation to “A” from “A-“, following the completion of its...
Pennsylvania’s V3 Insurance Partners Hires 2, Promotes 1
Apr 7 2017 // V3 Insurance Partners LLC (V3), a Newtown, Penn.-based specialty program administrator offering insurance programs targeted at middle market companies, has added two senior executives to its professional lines practice –...
Markel Canada Buys Remaining 50% Stake in Allsport
Apr 6 2017 // Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general agent (MGA) specializing in...
Worldwide Facilities, Oklahoma Petroleum Assoc. Partner on Well Control Insurance
Apr 6 2017 // Managing general agency, Worldwide Facilities – Houston, announced a partnership with Oklahoma Independent Petroleum Association (OIPA) for well control insurance through the OIPA’s Partners Program. Worldwide...
