Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Munich Re Partners with InsurTech Start-Up Wrisk
Nov 22 2016 // Insurtech company Wrisk Ltd., which was founded earlier this year, has entered into an agreement with Munich Re’s Digital Partners business unit. Under the agreement, Munich Re companies become the exclusive carrier...
China’s Fosun International to Buy Stake in Portugual’s BCP for $185M
Nov 21 2016 // Fosun International Ltd. agreed to pay 174.6 million euros ($185 million) for a stake in Banco Comercial Portugues SA, Portugal’s biggest publicly traded lender by assets. A unit of Fosun will subscribe to about...
Small Business Insurance Site CoverWallet Pulls In $7.8 Million in Funding
Nov 17 2016 // Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. In addition to Union...
China’s Anbang Insurance Set to Buy Toronto Tower for at Least $395M: Source
Nov 17 2016 // China’s Anbang Insurance Group Co. is set to purchase an office and retail tower in downtown Toronto that counts the Government of Ontario as a major tenant, according to people familiar with the deal. Anbang is...
Verisk Analytics Buys UK’s The GeoInformation Group
Nov 15 2016 // Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, announced it has acquired The GeoInformation Group, a leader in the field of geographic data solutions based in Cambridge, England. “This...
Marsh to Acquire UK-Based Bluefin Insurance from AXA for $369.4M
Nov 15 2016 // Marsh announced it has reached agreement with AXA Group to acquire Bluefin Insurance Group Ltd., a subsidiary of AXA UK plc. The transaction, which is subject to regulatory approval, is expected to close in the first...
Argo Group to Acquire Ariel Re for $235M
Nov 14 2016 // Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance products, announced it has entered an agreement to acquire Ariel Re, an underwriter of global re/insurance...
Arthur J. Gallagher Acquires Michigan’s Regency Group
Nov 10 2016 // Arthur J. Gallagher & Co. has acquired the Regency Group (Regency), a wholesale insurance broker and program administrator located in East Lansing, Michigan. Terms of the transaction were not disclosed. Established in...
Hub Acquires Assets of Massachusetts Based DFM Insurance Agency
Nov 10 2016 // Global insurance brokerage Hub International Limited (Hub) has acquired certain assets of Luk-Sal LLC, doing business as DFM Insurance Agency and based in Cape Cod, Mass. Terms of the acquisition were not disclosed. The...
Arthur J. Gallagher Buys London-Based Employee Benefits Firm, Argentis
Nov 10 2016 // Arthur J. Gallagher & Co. announced the acquisition of Argentis, based in London, England. Terms of the transaction were not disclosed. Founded in 2005, Argentis is a financial planning and employee benefits consultant...
Arthur J. Gallagher Acquires Altman & Cronin Benefit Consultants in California
Nov 9 2016 // Arthur J. Gallagher & Co. has acquired Altman & Cronin Benefit Consultants LLC in San Francisco, Calif. Terms of the deal were not disclosed. Ian Altman and his colleagues will continue to operate from their San...
Oklahoma Firm Partnering with NOAA on Hurricane Forecasting, Damage Assessment
Nov 9 2016 // Cherokee Nation Technologies has entered a partnership to support hurricane forecasting and damage assessment. The collaborative effort between Cherokee Nation along with the National Oceanic and Atmospheric Administration...
AmTrust Buys ANV Holdings for $203M – More Than Doubling Its Lloyd’s Presence
Nov 8 2016 // AmTrust Financial Services Inc. announced it has completed the acquisition of ANV Holdings B.V. and its affiliates from Ontario Teachers’ Pension Plan for approximately $203 million in cash. During the last 12 months...
Connecticut’s Business Risk Partners Hires Bizzoso and Landaverde
Nov 8 2016 // Business Risk Partners (BRP), a specialty underwriter and program administrator based in Windsor, Conn., hired Greg Bizzoso as an E&O product manager and team leader for miscellaneous professional liability (MPL) and...
NORCAL Mutual to Acquire Kansas-Based PPM Services
Nov 7 2016 // PPM Services, the holding company for Preferred Physicians Medical Risk Retention Group Inc. (PPM), has agreed to be acquired by NORCAL Mutual Insurance Co. (NORCAL). Based in Overland Park, Kan., PPM provides medical...
American Specialty Partners With Arch on Sports, Recreation, Entertainment Programs
Nov 7 2016 // Arch Insurance Group, a member of Arch Capital Group Ltd., has formed an exclusive underwriting partnership with American Specialty Insurance and Risk Services, Inc. (a division of Brown & Brown) to offer customized...
USI Expands In Georgia With Acquisition of Atlanta-Based Johnson & Bryan
Nov 4 2016 // USI Insurance Services has completed its transaction to purchase Johnson & Bryan, a leading retail property-casualty and employee benefits insurance brokerage firm based in Atlanta, Georgia. This transaction will...
Hub Acquires Assets of California-Based Riviera Insurance Services
Nov 2 2016 // Hub International Ltd. has acquired the assets of Santa Barbara, Calif.-based Riviera Insurance Services LLC. Terms of the deal were not disclosed. Chris Hill, president or Riviera, and Steve Woodward, the firm’s...
Aon Risk Solutions Completes Acquisition of New York-Based Stroz Friedberg
Nov 2 2016 // Aon Risk Solutions, the global risk management business of Aon plc, has completed its acquisition of Stroz Friedberg Inc., a global risk management firm based in New York City. Financial terms were not disclosed. This move...
Aspen Insurance Acquires Puerto Rico Marine MGA, Blue Waters Insurers
Nov 1 2016 // Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings, announced it has acquired Blue Waters Insurers Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist marine...
