Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Grinnell Mutual Leads 2nd Funding Round for Insurance Social Media Start Up
Oct 21 2016 // Serious Social Media, developer of the automated social media marketing service, InsuranceSocial.Media, and a 2016 graduate of the Global Insurance Accelerator (GIA) program, announced it has secured a second round of...
Insurance Groups AAMGA, NAPSLO in Merger Talks
Oct 21 2016 // The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one association and have formed a...
PartnerRe to Buy Canada’s Aurigen Capital, in Life Reinsurance Push
Oct 21 2016 // PartnerRe Ltd., the reinsurer owned by John Elkann’s EXOR SpA, agreed to buy Aurigen Capital to expand in coverage of life policies in North America. PartnerRe agreed to pay C$375 million ($284 million) in a deal...
Third Point Re Shuns M&As Because Many Such ‘Marriages’ End in Divorce
Oct 20 2016 // Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, likened the risk of mergers and acquisitions to picking a spouse without being aware of how much can go wrong. “Just like marriage, in M&A...
The Hilb Group Acquires Indiana Insurance Agency
Oct 19 2016 // The Hilb Group LLC (THG) has acquired Indianapolis, Indiana-based Fundamental Insurance & Retirement Planning Inc. (FIRP). The transaction was effective October 1, 2016. FIRP provides a range of insurance offerings...
Tarpey Insurance Group Acquires TSB Insurance Services in Massachusetts
Oct 18 2016 // Tarpey Insurance Group Inc., a family owned and operated independent insurance agency headquartered in Wakefield, Mass., has acquired TSB Insurance Services, also of Wakefield, Mass. TSB Insurance Services will be...
Auto Claims Startup Snapsheet Attracts $20 Million in Funding
Oct 18 2016 // Liberty Mutual and USAA are among the backers behind of Snapsheet, a startup that is developing virtual auto claims technology and services that recently closed on $20 million in new financing. Snapsheet disclosed the...
Northwest Insurance Services to Acquire Pennsylvania’s Winans Insurance
Oct 17 2016 // Northwest Insurance Services, a Warren, Penn., headquartered subsidiary of Northwest Bank, has signed a definitive agreement effective November 1 to acquire Winans Insurance & Employee Benefits, a property and casualty...
Risk Strategies Company Acquires New York Based TSG Financial
Oct 14 2016 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has strengthened its employee benefits practice and made its first move to offer wealth management and retirement plan...
Aon Risk Solutions Agrees to Acquire NYC Based Stroz Friedberg Inc.
Oct 12 2016 // Aon Risk Solutions, the global risk management business of Aon plc, has entered into an agreement to acquire Stroz Friedberg Inc., a New York City based global risk management firm. Financial terms were not disclosed, and...
Catalina Completes Acquisition of Allianz Unit, AGF Insurance, in UK
Oct 11 2016 // Catalina Holdings (Bermuda) Ltd.* announced that its wholly owned subsidiary, Catalina Holdings UK Ltd., has completed its acquisition of AGF Insurance Ltd. from a subsidiary of Allianz SE, following approval from the...
Allianz, Toyota & BMW Partner to Develop Autonomous Vehicle Strategies
Oct 7 2016 // Global automakers Toyota, BMW and insurer Allianz will license technology from Silicon Valley start-up Nauto, which uses cameras and artificial intelligence systems in cars to understand driver behavior, Nauto said on...
Japan’s Cash-Flush Insurers to Keep Paying Hefty Prices for Overseas M&As
Oct 7 2016 // Japan’s cashed-up insurers are likely to keep paying hefty premiums for overseas assets as they seek to spur growth and overcome negative interest rates, fewer lucrative investment options and a fast-maturing market...
You Should Be Able to Buy Stock in This Climate-Friendly Beer
Oct 6 2016 // Beer and coffee make nice bookends. One before the other can put you in the right frame of mind – I usually like coffee before beer, but whichever comes first all depends on what frame you want to be in. The top climate...
Illinois’ Ingensa Insurance Services Acquired by Plexus Groupe
Oct 6 2016 // The Plexus Groupe LLC, a privately held national insurance brokerage and risk management consultancy headquartered in Deer Park, Illinois, has acquired Carol Stream, Ill.-based Ingensa Insurance Services, a diversified...
Dutch Insurer NN Group Launches Bid to Buy Delta Lloyd for €2.4B
Oct 6 2016 // NN Group NV, the largest Dutch insurer by market capitalization, has launched an unsolicited offer to buy smaller rival Delta Lloyd NV for 2.4 billion euros ($2.7 billion) in cash. NN Group said on Wednesday it was...
Delta Lloyd, Endurance Deals May Herald a Wave of Insurance M&As
Oct 6 2016 // NN Group NV and Sompo Holdings Inc.’s approaches for smaller competitors may herald a wave of mergers and acquisitions in an insurance industry that’s struggling with low interest rates and increased...
Assurant Partners with Website Security Firm on Cyberattack Prevention for Small Businesses
Oct 6 2016 // Assurant, Inc., global provider of risk management options, has partnered with website security company GamaSec to help small and medium businesses lower the risk of attacks on their websites. Assurant is providing support...
Hub International Acquires North Dakota-Based Mayport Insurance & Realty
Oct 5 2016 // Chicago-based insurance brokerage, Hub International Limited (Hub), has acquired the assets of Mayport Insurance & Realty Inc. (Mayport) in North Dakota. Terms of the acquisition were not disclosed. Based in Portland,...
Japan’s SOMPO to Acquire Endurance for $6.3 Billion
Oct 5 2016 // Japan’s SOMPO Holdings Inc. has agreed to acquire all of the outstanding ordinary shares of Bermuda’s Endurance Specialty Holdings Ltd. for $93 per share in cash. The aggregate consideration is approximately...
