Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Aon Buys International Benefits Brokerage Portfolio of Mayfair Group
May 5 2017 // Aon plc announced it has completed its acquisition of the international health and benefits brokerage portfolio of Mayfair Group, a solutions provider to Indian multinational companies. Terms of the transaction were not...
Canadian Claims Management Firm, SCM, Acquires Nixon & Co. in Missouri
May 4 2017 // Canada-based SCM Insurance Services has expanded into the United States by acquiring claims adjusting and investigations firm, Nixon & Company Inc., headquartered in St. Louis, Missouri. Founded more than 40 years ago,...
Hub International Limited Acquires Maryland’s Rossmann-Hurt-Hoffman
May 4 2017 // Hub International Limited (Hub), a global insurance brokerage, has acquired Rossmann-Hurt-Hoffman Inc. (RHH). Terms of the acquisition were not disclosed. Based in Ellicott City, Md., RHH is a multi-lines insurance...
Aon Buys Provider of Talent Measurement & Psychometric Assessment
May 4 2017 // Aon plc announced it has acquired Hamburg, Germany-based “cut-e”, a specialist in online talent assessments. Financial terms of the transaction were not disclosed. “At a time when the global workforce is...
Peugeot Partners with nuTonomy to Test Self-Driving Cars in Singapore
May 4 2017 // French carmaker Peugeot is partnering with Boston, Massachusetts-based tech firm nuTonomy to test self-driving cars in Singapore. NuTonomy’s software, sensors and computing platforms will be installed in Peugeot 3008...
Gateway-Acentria of Florida Acquires L&S Insurance of Fort Lauderdale
May 4 2017 // Gateway-Acentria Insurance has merged with L&S Insurance and Financial Services, Inc., based out of Fort Lauderdale, Fla. L&S is a full service independent insurance agency specializing in personal lines coverage,...
XL Catlin Expands M&A Insurance Product Suite, Adds New Staff to Global Team
May 3 2017 // XL Catlin has expanded its suite of mergers & acquisitions (M&A) insurance products aimed at supporting deals in the global transactional risk market, and has further strengthened its global team with three key...
Arthur J. Gallagher Acquires Texas Insurance Managers
May 3 2017 // Arthur J. Gallagher & Co. has acquired Harlingen, Texas-based Texas Insurance Managers Inc. Terms of the transaction were not disclosed. With roots tracing back to 1903, Texas Insurance Managers offers commercial and...
Validus Completes Acquisition of Crop Insurance Agency, CRS
May 3 2017 // Validus Holdings Ltd. has completed its acquisition of Crop Risk Services business (CRS), a primary crop insurance managing general agent, from Archer Daniels Midland Co. In the deal that was announced in January, ADM...
Partners Specialty’s Waite Goes to Burns & Wilcox as Vice President in California
May 3 2017 // Burns & Wilcox Brokerage has named Susanne M. Waite vice president and senior broker in its San Francisco, Calif. office. Waite has more than 30 years of experience in insurance, with 14 years in wholesale. Waite...
The Hartford Open to Acquisitions That ‘Accelerate’ Growth Plans
May 3 2017 // The Hartford Chairman and CEO Christopher Swift said he remains interested in potential acquisitions – even large ones – less than a year after completing a noteworthy acquisition. However, plenty of conditions and...
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...
