Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Verisk Analytics Buys Canadian Real-Time Analytics Firm Analyze Re
Oct 24 2016 // Data firm Verisk Analytics Inc. said it has acquired Halifax, Novia Scotia-based Analyze Re, a software analytics provider for the reinsurance and insurance industries founded in 2013. Terms of the deal were not...
Willis Re and SpatialKey Partner to Launch European Windstorm App
Oct 24 2016 // Willis Re, the reinsurance division of Willis Towers Watson, has collaborated with SpatialKey Inc. to launch a new European Windstorm app. “This powerful new event response application integrates data from multiple...
M&A Review: Deal Activity Continues Strong Pace
Oct 24 2016 // Deal count for the third quarter (Q3) of 2016 was down relative to the record-breaking Q3 of 2015, but was still the second-most active Q3 in the past 10 years. There were 90 announced transactions in Q3 2016 compared to...
Mitsui Buys 15% Stake in XL’s ILS Firm, New Ocean Capital
Oct 21 2016 // Mitsui & Co., Japan’s second-biggest trading house, agreed to purchase a 15 percent stake in New Ocean Capital, the asset manager that was founded by XL Group Ltd. and Stone Point Capital to make...
Venbrook Raises $42M in Financing, Buys New Jersey’s Brooks Insurance Group
Oct 21 2016 // Venbrook Group nailed down $42 million in new financing from Madison Capital Funding, a subsidiary of New York Life, and some of the money has already helped back an acquisition that expands its scope in the U.S....
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...
