Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
‘Disruptor’ Hippo in California Raises $14M in New Funding Round
Dec 14 2016 // Mountain View, Calif.-based startup Hippo today announced it has closed a $14 million Series A round. The funding was led by Horizons Ventures, which invests in disruptive technology and startups. It was joined by RPM...
XL Catlin Adds Chubb’s McGowan, DLA Piper’s Laws to M&A Insurance Team
Dec 14 2016 // Preparing to capitalize on merger and acquisition (M&A) activity in 2017, XL Catlin continued to build out its global M&A insurance team with the appointments of Joseph W. Laws and Michael J. McGowan as directors...
Fate of Anthem-Cigna Merger Now in Judge’s Hands
Dec 14 2016 // The first phase of the U.S. Justice Department’s lawsuit to halt Anthem Inc.’s planned takeover of rival insurer Cigna Corp. is in the hands of a federal judge after the government wrapped up its arguments...
Aetna CEO Denies Obamacare Exits Were Retaliation for U.S. Opposing Humana Merger
Dec 12 2016 // Aetna Inc.’s chief executive denied on Friday that its withdrawal from some Obamacare exchanges was in retaliation for government efforts to halt its merger with Humana Inc, as he sought to convince a federal judge...
Crawford Buys Majority Stake in ‘Uber-Like’ Field Inspection Firm WeGoLook
Dec 12 2016 // Global claims management firm Crawford & Co. has acquired a majority interest in WeGoLook, an online and mobile inspection firm that calls itself the “Uber of inspections.” Crawford said it agreed to pay...
Zurich Insurance Agrees to Acquire Australia’s Biggest Travel Insurer for $551M
Dec 12 2016 // Switzerland’s Zurich Insurance Group has agreed to buy Australia’s biggest travel insurance provider, Cover-More Group, for A$741 million ($551 million), stepping up its investment in the Australian...
Hub International Acquires Assets of Florida-Based MDW Insurance and Affiliates
Dec 12 2016 // Hub International Limited, a global insurance brokerage, has acquired the assets of MDW Insurance Group, Inc. and its affiliates Agents Insurance Resources, Inc. and A.I.R. Insurance Marketing, Inc. (MDW). Terms of the...
Reliance Partners Taps Claridy to Lead New Alabama Office
Dec 9 2016 // Chattanooga, Tenn.-based Reliance Partners, a provider of commercial insurance focused on the transportation and logistics space, has announced the opening of the company’s new Birmingham, Ala., location. Eddie...
Michigan’s Global Marine Acquired by Specialty Program Group
Dec 8 2016 // Specialty Program Group, a holding company for specialty insurance brokers and underwriting facilities, has acquired the assets of Global Marine Insurance Agency. Terms of the acquisition were not disclosed. Based in...
JenCap Holdings Agrees to Acquire NIF Group in New York
Dec 8 2016 // JenCap Holdings LLC, a New York-headquartered consolidator of specialty insurance distribution and program management businesses, has agreed to acquire privately held NIF Group Inc. (NIF), a managed general agency, program...
Hub International Acquires Oklahoma’s Medley/Turrentine & Assoc.
Dec 6 2016 // Chicago-based insurance broker Hub International Limited (Hub), has acquired the assets of Medley/Turrentine & Associates LLC, headquartered in Oklahoma City, Okla. Terms of the acquisition were not...
Alston & Bird Adds Two Litigation Partners in New York
Dec 6 2016 // International law firm Alston & Bird has hired Adam Kaiser and John Aerni as partners in the firm’s New York office. Both Kaiser and Aerni are senior litigators with more than 50 years of collective experience,...
Allianz Worldwide Partners Hires Wuensche as Head of Global Market Mgmt & Innovation
Dec 6 2016 // Allianz Worldwide Partners* has appointed Matthias Wuensche as director, Global Market Management and Innovation, where he “will play a leading role in developing new product and service offerings and position...
Worldwide Facilities Acquires Trinity Underwriting Managers of Georgia
Dec 6 2016 // Worldwide Facilities, a national wholesale insurance brokerage and managing general agency, has acquired Trinity Underwriting Managers, Inc. (TUMI), an underwriting manager and wholesale insurance broker specializing in...
Woodruff-Sawyer to Acquire Neovia in California
Dec 5 2016 // Woodruff-Sawyer & Co. will acquire Neovia Integrated Insurance Services in Santa Barbara, Calif. Woodruff-Sawyer will leverage the proprietary and client-focused employee benefits solutions for which Neovia is...
Marsh & Mclennan Agency Acquires Ohio’s Benefits Resource Group
Dec 5 2016 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Benefits Resource Group (BRG), in Independence, Ohio. Terms of the transaction were not disclosed. BRG, an employee benefits...
Insurtech Lemonade Wins $34 Million in New Funding As It Readies for West Coast Expansion
Dec 5 2016 // Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round of funding. The latest round was led by General Catalyst with participation from GV...
Liberty Mutual to Acquire Ironshore from China’s Fosun for $3 Billion
Dec 5 2016 // Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to...
Insurance Associations AAMGA, NAPSLO Move Forward with Merger Talks
Dec 2 2016 // A possible merger of the nation’s two major excess and surplus lines organizations is on track. The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines...
Hub Acquires the Assets of Pinnacle in Massachusetts
Dec 2 2016 // Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Pinnacle Financial Group and Pinnacle Insurance Agency, a Boston, Mass., based provider of life insurance solutions and services to...
