Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Marsh & McLennan Acquires Florida-Based Vero Insurance
Oct 5 2016 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Vero Insurance, Inc., a Vero Beach, Florida-based independent agency specializing in private client insurance services....
Hub Acquires California-Based Sweet & Baker Insurance Brokers
Oct 4 2016 // Hub International Ltd. has acquired San Francisco, Calif.-based Sweet & Baker Insurance Brokers Inc. Terms of the deal were not disclosed. Bruce Callander, president of Sweet & Baker, will join Hub California and...
Alliant Acquires the Hecht Group in Oregon
Oct 3 2016 // Alliant Insurance Services Inc. has acquired the Hecht Group in Portland, Ore. Terms of the deal were not disclosed. The Hecht Group will join Alliant employee benefits, the company’s national benefits consulting...
Hub International Acquires the Assets of Maine’s Norton Insurance
Oct 3 2016 // Global insurance brokerage Hub International Limited, headquartered in Chicago, Ill., has acquired the assets of Norton Insurance Agency and Norton Financial Services Inc. Terms of the acquisition were not...
Judge May Split Anthem-Cigna Merger Trial into Two Parts
Oct 3 2016 // The judge who will rule on whether the government may stop health insurer Anthem from buying competitor Cigna said Friday that she was considering splitting the trial into phases. Judge Amy Berman Jackson of the U.S....
Texas Surplus Lines Office: Compliance Required After Essex/Evanston Merger
Oct 3 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) is alerting surplus lines insurance professionals in the state that due to the merger of Markel companies Essex Insurance Co. (Essex) into Evanston Insurance Co....
National Flood Insurance Program Buys Private Reinsurance, Plans More in 2017
Oct 3 2016 // The federal government has contracted with private reinsurers to improve the National Flood Insurance Program’s claims paying ability and reduce the need for the NFIP to borrow from the U.S. Treasury to cover future...
Overall Best Agency to Work For: BKS Partners Inc.
Oct 3 2016 // Best Agency to Work For – Overall BKS Partners Inc., Tampa, Florida Intentional Culture, Intentional Passion When Laura Sherman, Lowry Baldwin and Elizabeth Krystyn set out to open Tampa-based BKS Partners Inc. in...
China State-Owned Firm Managers Held Personally Liable for Bad M&A Deals
Sep 29 2016 // Business development managers at Chinese state-owned firms have been put on notice: mess up on M&A deals and you can be held personally liable – for life. Under new rules unveiled by China’s State Council,...
DTRT Insurance Group Acquires Miami-Based Setnor and Associates
Sep 28 2016 // DTRT Insurance Group (Do The Right Thing) has acquired Setnor and Associates, a retail property and casualty insurance brokerage firm based in Miami. The acquisition will expand DTRT’s footprint into a new city and...
Deutsche Bank Sells Insurance Unit to Britain’s Phoenix Group
Sep 28 2016 // Deutsche Bank AG has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets and reduces its balance sheet in an effort to reassure anxious investors and meet regulators’...
BTIS announces partnership with Hiscox for new bind-online Small Business Program
Sep 28 2016 // Rocklin, CA, September 28, 2016- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of a new partnership with Hiscox providing access to small business solutions in 49...
