Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
RSA Global Network Expands African Service by Extending Globus Partnership
Feb 21 2017 // Leading international insurer RSA can now service multinational customers in five more African countries after extending an existing partnership with Africa-based insurance network, Globus. Founded in 2007, Globus Network...
Verisk Buys Healix Risk Rating, UK-Based Medical Risk Assessment Firm
Feb 17 2017 // Verisk Analytics has snatched up Healix Risk Rating, a company focused on automated medical risk assessment for the travel insurance ratings.Financial terms were not disclosed, although the deal is designed to expand...
Hub International Acquires Assets Denali Alaskan Insurance
Feb 16 2017 // Hub International Ltd. has acquired the assets of Denali Alaskan Insurance LLC, a wholly owned subsidiary of Denali Federal Credit Union. Terms of the deal were not disclosed. Anchorage, Alaska-based DAI specializes in...
Renaissance Alliance Acquires the Peter M. Bakker Agency of Connecticut
Feb 16 2017 // Renaissance Alliance Insurance Services, an independent insurance agency collaboration based in Wellesley, Mass., has announced its acquisition of the Peter M. Bakker Agency Inc. of Avon, Conn. The acquisition is set to...
Anthem Not Giving Up on Merger with Cigna Even If Cigna Is
Feb 15 2017 // Anthem Inc. on Wednesday won a temporary restraining order that blocks smaller rival Cigna Corp. from officially terminating their proposed $54 billion merger, a transaction already rejected by U.S. antitrust...
Sapiens to Acquire Insurance Tech Firm StoneRiver for $102 Million
Feb 15 2017 // Israel-based insurance software firm Sapiens International Corp. has agreed to acquire privately-held insurance technology firm StoneRiver Inc. for approximately $102 million in cash. Headquartered in Denver,...
Aetna, Humana Officially End Merger Deal; Won’t Appeal Court Ruling
Feb 14 2017 // Health insurers Aetna Inc. and Humana Inc. walked away from their $34 billion merger deal on Tuesday, after a U.S. judge ruled in January the combination would stifle competition in the private Medicare Advantage program...
Health Insurers Weigh Next Moves After Striking Out on Mergers
Feb 10 2017 // After 18 months of courtship and court cases, two massive deals that would have reshaped the U.S. health insurance industry have both been declared dead, blocked by judges who said they’d do unacceptable harm to...
Update: Blackstone to Buy Aon’s Benefits Outsourcing Unit
Feb 9 2017 // Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 billion upfront and up to an...
Federal Judge Halts Anthem-Cigna Merger as Harmful to Competition
Feb 8 2017 // A federal judge on Wednesday ruled against U.S. health insurer Anthem Inc.’s proposed $54 billion merger with smaller rival Cigna Corp., derailing an unprecedented effort to consolidate the country’s health...
Arthur J. Gallagher Acquires Lewis & Associates in California
Feb 8 2017 // Arthur J. Gallagher & Co. has acquired Lewis & Associates Insurance Brokers Inc. in Visalia, Calif. Terms of the deal were not disclosed. James Smallwood, Kevin Veitia and their associates will continue to operate...
Marsh & Mclennan Agency Acquires Texas Benefits Firm
Feb 7 2017 // Marsh & McLennan Agency LLC (MMA) has acquired iaCONSULTING, a Lubbock, Texas-based employee benefits consulting firm. Terms of the transaction were not disclosed. Founded in 1994, iaCONSULTING offers a wide range of...
NFP Acquires Mattecheck & Associates in Oregon
Feb 7 2017 // NFP Corp. has acquired Portland, Ore.-based Mattecheck & Associates Inc. Terms of the deal were not disclosed. Bill Mattecheck, principal of the firm, will become a senior director of NFP and report to John Hohman,...
Beazley Buys Canadian Specialty MGA, Creechurch Underwriters
Feb 6 2017 // Beazley is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters. The financial terms of the transaction were not disclosed. Since its founding in 1996,...
Insurance Agency M&As Reached Near Record in 2016: OPTIS
Feb 6 2017 // Mergers and acquisitions of insurance agencies last year were the second-highest ever, according to OPTIS Partners’ annual report. The OPTIS database recorded 449 deals in the U.S. and Canada in 2016, a slight dip...
Insurers Look to M&As to Digitalize Distribution
Feb 6 2017 // Almost three-quarters of global insurers believe their sector has failed to show leadership in digital innovation and an increasing number now regard investment and acquisitions in digitalization a priority to improve...
Top Agency/Broker Acquirers of 2016
Feb 6 2017 // The following information from InsuranceJournal.com and other sources reflects only transactions reported publicly. One of the most active recent acquirers of agencies and brokerages is Michigan-based Acrisure. The firm,...
M&A Activity Continues at Industrious Pace: MarshBerry
Feb 6 2017 // Merger & acquisition activity in the insurance distribution space continued at an industrious pace throughout 2016, with 443 closed transactions. This was down from 456 in 2015, but still higher than previous years on...
DeLong Named Managing Director, Gemini Risk Partners
Feb 3 2017 // Wholesale insurance broker Gemini Risk Partners, based in Chicago, has appointed Yosha DeLong as managing director. Prior to joining Gemini Risk Partners, DeLong was most recently the London regional executive for...
EPIC Acquires Benefit Compass in Southern California
Feb 3 2017 // EPIC Insurance Brokers and Consultants has acquired Benefit Compass Insurance Services LLC, a specialist in employee benefits brokerage and consulting services in Irvine, Calif. Benefit Compass provides employee benefit...
