Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Names Aon Benfield’s Cabrera as Head of Latin America
Mar 7 2017 // PartnerRe Ltd. announced that Humberto Cabrera has been appointed to the position of head of Latin America. He replaces interim head of Latin America, Salvatore Orlando, who will continue in his position of head of Middle...
Chinese Watchdog Weighs Relaxing Rules for Big Insurers’ Overseas M&A
Mar 6 2017 // China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier insurers would come under tighter scrutiny. The...
Scotland’s Standard Life to Buy Aberdeen Asset Management for $4.7B
Mar 6 2017 // Standard Life Plc, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management Plc for about 3.8 billion pounds ($4.7 billion), creating one of Europe’s biggest fund managers. Under the terms, which...
Hub International Acquires Texas-Based Tri-Star Insurance
Mar 3 2017 // Hub International Limited (Hub) has acquired the assets of Tri-Star Insurance Professionals Inc. (Tri-Star) in Plano, Texas. Terms of the acquisition were not disclosed. Tri-Star specializes in personal lines and...
Starkweather & Shepley Acquires Massachusetts’ McGrath Insurance Group
Mar 3 2017 // Starkweather & Shepley Insurance Brokerage Inc. (S&S), an East Providence, R.I.-headquartered independent insurance agency, has acquired the independent insurance agency McGrath Insurance Group, operating in...
The Hilb Group Acquires Charlotte Insurance of North Carolina
Mar 3 2017 // The Hilb Group, LLC (THG) has acquired Charlotte Insurance, located in Charlotte, N.C. The transaction became effective Feb. 1, 2017. Founded in 1992, Charlotte Insurance is one of the largest locally owned property &...
Hub Acquires LISSC in Southern California
Mar 2 2017 // Hub International Ltd. has acquired LISSC in Santa Ana, Calif. Terms of the deal were not disclosed. LISSC’s team will join Hub California. Angelo Maroutsos and Dennis Monahan, co-owners, and David Trevino, vice...
Marsh & McLennan Agency Acquires Minneapolis-Based Blakestad
Mar 2 2017 // Marsh & McLennan Agency LLC (MMA) has acquired Blakestad Inc., a private client and commercial lines independent insurance agency. Terms of the transaction were not disclosed. Headquartered in Minneapolis, Minn.,...
Baldwin Risk Partners Partners with Affordable Home Insurance of Florida
Mar 2 2017 // Baldwin Risk Partners (BRP), a Tampa, Fla.-based insurance distribution holding company, has partenred with Affordable Home Insurance Inc. (AHI) a Miramar Beach, Fla.-based insurance agency. AHI offers insurance products...
Acentria Acquires Orlando-Based Walker Insurance
Mar 1 2017 // Acentria Insurance has finalized its merger with Walker Insurance & Financial Services, Inc., located in Orlando, Fla. Walker Insurance has specialized in personal and business insurance for local residents for more...
The Plexus Groupe Acquires Fairway Financial Insurance
Mar 1 2017 // The Plexus Groupe LLC (Plexus), a privately held national insurance brokerage and risk management consultancy based in Deer Park, Ill., has acquired Arlington Heights, Ill.-based Fairway Financial Insurance Group...
THG Acquires Group Benefits Division of Massachusetts-Based S&W
Mar 1 2017 // The Hilb Group LLC (THG), an insurance agency headquartered in Richmond, Va., has acquired the group benefits division of Massachusetts-based Sapers & Wallack Inc. (S&W). The transaction became effective February...
BGC Partners Buys Lloyd’s Broker Besso Insurance
Mar 1 2017 // BGC Partners Inc., a London and New York-based broker serving the financial and real estate markets, announced it has completed the acquisition of Besso Insurance Group Ltd., an independent Lloyd’s of London...
Gallagher Buys Australia’s Ace IRM Insurance Broking Group
Mar 1 2017 // Itasca, Ill.-based Arthur J. Gallagher & Co. announced the acquisition of Ace IRM Insurance Broking Group, located in Beenleigh, Queensland, Australia. The terms of the transaction were not disclosed. Founded in 1981,...
Zurich, Deloitte Partner on Cyber Risk Services for Clients
Mar 1 2017 // Zurich North America and Deloitte have collaborated to provide services aimed at educating and protecting customers from cyber related risks. Initial offerings include risk transfer options provided by Zurich and risk...
Nigeria Insurers Receptive to M&A as Economy Contracts
Feb 28 2017 // Nigeria’s insurance industry is poised to enter a period of consolidation as companies struggle to raise cash to meet new regulatory requirements amid the worst economic contraction in more than two decades. With...
Verisk Analytics Buys UK-Based Emergent Network Intelligence
Feb 28 2017 // Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, announced it has acquired Emergent Network Intelligence (ENI), an innovator in insurance claims efficiency and fraud detection solutions based in...
Intesa Abandons Plans to Buy Generali, Citing Lack of Shareholder Value
Feb 27 2017 // Italy’s biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country’s largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders. A...
Ryan Specialty Group to Acquire Trident Marine Managers
Feb 24 2017 // RSG Underwriting Managers (RSGUM) announced an agreement to acquire Trident Marine Managers Inc. and related claims adjusting affiliates (Trident), headquartered in Houston. Trident is a specialty marine managing general...
BKS Partners in Florida Partners With D&M Insurance Solutions
Feb 24 2017 // Tampa, Fla.-based insurance brokerage Baldwin Krystyn Sherman Partners (BKS) has partnered with D&M Insurance Solutions, LLC (D&M), a Clearwater, Fla.-based insurance consulting and brokerage firm. The partnership...
