Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Markel Buys Galleon Marine Insurance Agency, London-based MGA
Nov 1 2016 // Markel International has acquired Galleon Marine Insurance Agency, the London based MGA that specializes in marine professional indemnity and cargo liability business. Markel Capital Holdings today acquired the issued...
New York’s AmTrust Acquires AmeriHealth Casualty Insurance
Oct 31 2016 // AmTrust Financial Services Inc., a multinational insurance holding company headquartered in New York City, has entered into an agreement to acquire AmeriHealth Casualty Insurance Company from Independence Health Group Inc....
BrickStreet Mutual, Motorists Mutual Pursue Joint Venture
Oct 28 2016 // BrickStreet Mutual Insurance and Motorists Mutual Insurance Co. announced they have begun to formalize an affiliation agreement between the two companies. If approved by state regulators and closed as anticipated in July...
Baldwin Named 2016 Distinguished Partner by Michigan Professional Insurance Agents
Oct 27 2016 // Cathy Baldwin, director of Marketing and Communication at wholesale insurance broker J.M. Wilson, has been named 2016 Distinguished Partner of the Year by the Michigan Association of Professional Insurance Agents (MI...
Ironshore Int’l Offers Documents, Services in Mandarin for M&A Unit
Oct 27 2016 // Ironshore International said it is now offering insurance documents and services in Mandarin for its Mergers & Acquisitions unit, a move that will help it better market to Chinese companies. The service involves a...
Leavitt Group Buys Majority in Murray and Murray in California
Oct 26 2016 // The Leavitt Group has purchased a majority stake in Murray and Murray Insurance Agency in Central California. Dan Lillard, a key team member of Murray and Murray, will become a co-owner and managing principal of the...
Confie Acquires Texas Auto Insurance Agency
Oct 26 2016 // Confie, a national provider of personal and commercial lines insurance, has acquired Hulme Corp., dba Alamo Auto Insurance of East Texas. Founded in 2001 and based in Tyler, Texas, Alamo Auto focuses on providing...
Pennsylvania Based NSM Insurance Group Makes First International Acquisition
Oct 26 2016 // NSM Insurance Group, a Conshohocken, Penn., based insurance program administrator, has acquired Vantage Holdings, a U.K.-based collector car and outdoor leisure program administrator. The acquisition is subject to FCA...
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...
