Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Ironshore Expands Global M&A Unit with Appointments, Capacity Hike
Mar 24 2017 // Ironshore has expanded its mergers & acquisitions capabilities with a team of new hires in the Americas and broadened office presence to serve Canada and Latin America. In addition, to support heightened transaction...
Texas-Based ProAg to Acquire Iowa’s International Ag Insurance Solutions
Mar 23 2017 // Producers Ag Insurance Group Inc. (ProAg), a member of the Tokio Marine HCC group of companies, has agreed to acquire crop managing general agent, West Des Moines, Iowa-based International Ag Insurance Solutions LLC...
Reliance Partners Adds Copeland to Leadership Team in Tennessee
Mar 23 2017 // Reliance Partners has expanded its leadership team with the addition of veteran insurance professional Stephen Copeland as senior director of Customer Service. Copeland has more than 20 years of industry experience, which...
R&Q Acquires Captive Insurer from Fortune 500 Engine Manufacturer
Mar 22 2017 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced the acquisition of ICDC Ltd., a captive insurer of an American Fortune 500 company, for an undisclosed sum. The name of the former parent of the captive...
JLT Re Partners with KatRisk to Expand Modeling Capability in Canada
Mar 22 2017 // JLT Re, the London-based reinsurance broker and consultancy, has combined forces with flood modeling company, KatRisk, to enhance its flood risk modeling capabilities for clients across Canada. Berkeley, Calif.-based...
The Hilb Group Acquires New Jersey-Based American Truck Insurance Exchange
Mar 21 2017 // The Hilb Group LLC (THG), a Richmond, Va.-headquartered middle market insurance agency, has acquired Manasquan, N.J.-based American Truck Insurance Exchange LLC (ATIE). The transaction became effective March 1, 2017. ATIE...
Hannover Re to Acquire Lloyd’s Syndicate Argenta
Mar 21 2017 // Hannover Re has agreed to acquire the UK holding company Argenta Holdings plc, which owns Argenta Syndicate Management and Argenta Private Capital as well as a pro rata share of the Lloyd’s syndicate Argenta...
Carlton, Lindsey Named Partners at Texas-Based Hotchkiss Insurance
Mar 20 2017 // Farrah Carlton and Gary Lindsey have been named partners at Dallas-based Hotchkiss Insurance. Carlton has been with Hotchkiss for more than 20 years, receiving several promotions during her career with the firm. She...
Hub Acquires Portland’s BCI Group and Plus Point Services
Mar 20 2017 // Chicago-based global insurance brokerage Hub International Limited (Hub) has acquired the assets of BCI Group Inc. (BCI) and its subsidiary, Plus Point Services Inc. (Plus Point). Both are based in Portland, Ore. Terms of...
Ironshore Specialty Adds M&A Transition Coverage for Construction Risks
Mar 20 2017 // Ironshore Specialty Casualty has enhanced its transition protection policy form to address contractual exposures related to an organizational merger or acquisition specific to the construction industry. Ironshore’s...
General Star, AmWINS Partner on New Food Delivery Insurance Program
Mar 20 2017 // General Star Management Company has launched a food delivery insurance program through its General Star Programs Unit. AmWINS Program Underwriters will administer the program designed for hired and non-owned auto liability...
Steamin’ Hot Markets: Cyber, Sharing Economy, Active Shooter, Construction, Mergers and More
Mar 20 2017 // Cyber Sharing Economy, Active Shooter, Construction, Mergers and More Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. For 2017, experts predict the U.S....
Innovative Coverage Concepts Partners With Chubb on Restaurant Program
Mar 17 2017 // Innovative Coverage Concepts (ICC) has launched a new program for fine dining and upscale casual establishments. ICC’s carrier partner for the program is Chubb, which according to Dean Carras, president of ICC,...
KKR and Canadian Pension Fund to Acquire Insurance Broker USI in $4.3 Billion Deal
Mar 17 2017 // Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) agreed to buy USI Insurance Services from Onex Corp. in a $4.3 billion deal, including debt. The deal is the latest in a...
KKR and CDPQ Announce Joint Acquisition of New York-Headquartered USI
Mar 17 2017 // KKR, a global investment firm, and Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, have announced their joint acquisition of USI Insurance Services (USI), a U.S. insurance brokerage...
Lighthouse Property President White Acquires Equity Stake in Prepared Holdings
Mar 17 2017 // Current Chairman and President of Lighthouse Property Insurance Corp., Patrick L. White, has acquired an 89 percent ownership stake in Prepared Holdings, LLC and its wholly-owned subsidiaries including Prepared Insurance...
W.R. Berkley, Tokio Marine Lead Weather Analytics $17 Million Series B Funding
Mar 16 2017 // Weather Analytics, a provider of weather and predictive risk software for the insurance industry, reported that global insurers Tokio Marine HCC and W. R. Berkley Corp. together have funded a $17 million Series B financing...
Senators Want U.S. to Weigh Food Safety in Acquisitions by Foreign Firms
Mar 16 2017 // Two U.S. senators from Midwestern states will introduce a bill on Tuesday that would require foreign companies buying U.S. food and agriculture firms to undergo a review aimed at ensuring the deal would not hurt U.S. food...
U.S. Chipmaker Intel to Enter Driverless Car Tech with Acquisition of Mobileye
Mar 13 2017 // Intel Corp. will acquire Mobileye NV for about $15 billion, paying one of the highest takeover premiums this century to play catch-up in the market for technology that helps cars drive themselves. The U.S. chipmaker will...
Canada’s OutsideIQ & SAP Ariba Partner to Assess Risk, Compliance
Mar 13 2017 // OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world’s largest business commerce network, SAP Ariba , to help corporations quickly screen vendors for risk and...
