Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Zurich Acquires UK Online Rental Car Insurance Provider, Halo
Jun 28 2017 // Zurich, together with its travel insurance unit Cover-More, has completed the acquisition of Halo, a specialist, UK-based online rental car insurance platform. Financial details of the transaction were not...
USI Wins Competition to Acquire Wells Fargo Insurance Businesses
Jun 27 2017 // Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to acquire Wells Fargo Insurance Services USA that includes commercial insurance brokerage and...
OceanPoint Acquires Christopher & Regan Insurance in Rhode Island
Jun 27 2017 // OceanPoint Insurance Agency has acquired Christopher & Regan Insurance of North Kingstown, R.I. The acquisition comes as OceanPoint Insurance has been seeking to expand its coverage in North Kingstown and South County,...
Alliant, USI in Running to Acquire Wells Fargo Insurance
Jun 26 2017 // Alliant Insurance Services Inc. has emerged as the front-runner to buy Wells Fargo & Co.’s insurance business, people familiar with the matter said. The San Francisco-based bank could announce a sale of its Wells...
Allianz Sells Private Bank OLB to Private Equity Firm Apollo for $336M
Jun 26 2017 // German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) to U.S. private equity firm Apollo for 300 million euros ($336 million). Apollo, which is consolidating...
Partners Specialty Group Adds Swett & Crawford’s Coelho in Kansas City
Jun 23 2017 // Partners Specialty Group Inc., an AmWINS Group Co., has added Michael Coelho to its property team. He is based in Kansas City, Mo. With almost 30 years of experience in the insurance industry, Coelho specializes in...
JLT Re Appoints Chubb’s Williams as Partner in Bermuda Operation
Jun 23 2017 // JLT Re, the global provider of reinsurance broking and consultancy, has appointed Deanna Williams as a partner in JLT Re’s Bermuda operation. She will report to Charles Withers-Clarke, partner, JLT Re in Bermuda, who...
Tennessee-Based Reliance Partners Promotes Howell to SVP
Jun 23 2017 // Reliance Partners, a leading commercial insurance agency, has promoted Laura Ann Howell to the position of senior vice president. Prior to the promotion, Howell began her career with Reliance Partners in 2015 as vice...
Insurtech Startup Buys MGA in California with Product for Agents in Mind
Jun 22 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
Confie Completes Two Acquisitions in New York
Jun 22 2017 // Confie, a national provider of personal and commercial lines insurance, has completed two acquisitions in New York. In the Bronx, N.Y., area, Confie acquired Tremont Spirit Insurance Inc. Tremont is a provider of...
Bitcoin Startup, Blockchain, Raises $40M in New Funding from Heavy Hitters
Jun 22 2017 // Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding, representing one of the largest investment rounds in the financial technology sector since Britain’s vote to...
Insurance Office of America Acquires Assets of Slaton Risk Services in South Florida
Jun 22 2017 // Insurance Office of America (IOA) has purchased the Employee Benefits Practice, Major Accounts Group, and captive and alternative risk financing units of Slaton Risk Services, based in West Palm Beach, Fla. These assets,...
Confie Acquires Valetta and EZ in Arizona
Jun 21 2017 // Confie has acquired Arizona agencies Valletta Insurance in Phoenix and EZ Insurance in Tucson. Both Valletta and EZ are providers of non-standard auto insurance. Terms of the deal were not disclosed. Huntington Beach,...
Startup Next Insurance Closes Funding Round Worth $35 Million with Amex Aboard
Jun 21 2017 // Next Insurance, a digital insurance agency for small to medium businesses, announced that American Express Ventures has joined its previously announced Series A Round led by Munich Re/HSB Ventures. In May, Next reported...
Legacy Specialist Compre to Acquire Irish Captive Insurer Equinox CA Europe
Jun 20 2017 // Compre, the independent insurance and reinsurance legacy specialist, today announces it has agreed to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-Lavalin. The...
Kaplansky Insurance Acquires Gath Insurance in Massachusetts
Jun 20 2017 // Kaplansky Insurance, an independent, locally owned insurance agency based in Needham, Mass., has acquired Gath Insurance Agency in Lowell, Mass. Gath Insurance provides a range of insurance services to both personal and...
EPIC Insurance Brokers and Consultants Acquires Connecticut’s After Inc.
Jun 20 2017 // EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has acquired After Inc., a product warranty analytics firm based in Norwalk, Conn. The...
Seeman Holtz Acquires Direct Choice in California
Jun 20 2017 // Seeman Holtz Property and Casualty Inc. has acquired Stevenson Ranch, Calif.-based Direct Choice Insurance. With Colby Singer at helm, his team specializes in helping clients find the lowest possible rates for auto, home,...
7 Tips for Start-ups Partnering with Incumbent Insurers: Trōv Founder Walchek
Jun 20 2017 // Trōv is a tech start-up that’s introducing the world to a new way to insure their things: on-demand for any duration, entirely from a smartphone. We’ve had to reinvent the insurance value-chain — from...
DTRT Insurance Group Acquires Insurance Authority of Florida
Jun 20 2017 // DTRT Insurance Group, Inc. (Do The Right Thing) has acquired Insurance Authority, Inc., a retail property and casualty insurance brokerage firm based in Sunrise, Fla. Insurance Authority has been serving the residents of...
