Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Watford Specialty Looking to Build Program Business with U.S. Acquisition
Aug 17 2016 // Newly formed Watford Specialty Insurance Co. (WSIC), a subsidiary of Bermuda-based Watford Re, took a big leap forward recently with its acquisition of a carrier with admitted licenses in all 50 states and the District of...
Liberty Mutual & China’s Sanpower Group Form P/C Joint Venture
Aug 16 2016 // Liberty Mutual Insurance and Sanpower Group Co. Ltd., one of China’s leading private enterprises, announced they have agreed to create a joint venture from Liberty Mutual’s current Chinese property/casualty...
ArgoGlobal Buys Renewal Rights to Allied World’s Marine Hull Business in Asia
Aug 15 2016 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced it has acquired the renewal rights for Allied World’s marine hull business in Asia. The transaction completed on August 5. “I am very...
Judge: No Ruling on Anthem-Cigna Merger Until 2017
Aug 15 2016 // The judge overseeing the U.S. Justice Department’s bid to stop health insurer Anthem from merging with competitor Cigna said on Friday her goal was to have a ruling by the end of January, later than the Dec. 30 date...
U.S. Risk Acquires Continental Marine in California
Aug 12 2016 // U.S. Risk L.L.C. has acquired Continental Risk Insurance Services. Continental Risk is a Lodi, Calif.-based wholesale insurance broker. Continental places marine insurance for both commercial and personal marine-related...
DSP Insurance Makes Acquisitions, Names Sulkowski President
Aug 12 2016 // Schaumburg, Ill.-based DSP Insurance Services has added employee benefits specialist, Nancy Vatch, along with her team of professionals, and acquired Cormac Benefits Group, led by Bill Storie. DSP also announced that Jim...
Global Risk Partners Acquires UK-Based BB Insure
Aug 12 2016 // Global Risk Partners Ltd. (GRP) has acquired the commercial and personal insurance broker BB Insure, which has offices in the UK cities of Boston and Skegness. BB Insure’s management team will continue to lead the...
Hanover Stone Partners to Offer Vendor Risk Management Program for Commercial Entities
Aug 12 2016 // Hanover Stone Partners, a risk management services firm, and accounting and advisory firm Baker Tilly Virchow Krause, LLP, have partnered on a vendor risk management services to help businesses and other commercial...
LexisNexis Risk Solutions to Acquire Crash and Project Business Group Appriss
Aug 9 2016 // LexisNexis Risk Solutions, part of RELX Group, announced it is acquiring the Crash and Project business group Appriss, a public safety business that provides technology solutions for the efficient collection of crash...
NSM Forms Joint Venture with Massachussetts-Based ABRY Partners, AIG
Aug 8 2016 // NSM Insurance Group, an insurance program administrator based in Pa., has agreed to enter into a joint venture with Massachussetts-based private equity investment firm, ABRY Partners, and AIG. Through this partnership, NSM...
PartnerRe Names Bruniecki as Head of Global Client & Broker Management
Aug 8 2016 // Bermuda-based PartnerRe Ltd. has appointed Jörg Bruniecki as head of Global Client & Broker Management, effective August 1. Responsible for ensuring that PartnerRe’s largest multinational clients experience a...
Robust M&A Deal Activity Continues in Q2 2016
Aug 8 2016 // Merger and acquisition activity was slower in the second quarter of 2016, compared to Q2 2015, but was still above 2012, 2013 and 2014 levels for the same period. In Q2 2016, there were 88 transactions, compared with 119...
Attorney Sentenced for Insider Trading on Harleysville Merger
Aug 8 2016 // A lawyer with a law firm that represented Harleysville Group Inc. in its $760 million merger with Nationwide Mutual Insurance Co. in 2011 has been sentenced to six months in jail for trading on inside information related...
U.S. Risk Acquires Continental Marine in California
Aug 5 2016 // U.S. Risk L.L.C. has acquired Continental Marine Insurance Services. Continental is a Lodi, Calif.-based wholesale insurance broker. Continental has specialized in placing marine insurance for both commercial and personal...
Arthur J. Gallagher & Co. Acquires Miami-Based Gabor Insurance Services, Inc.
Aug 5 2016 // Arthur J. Gallagher & Co. has acquired Gabor Insurance Services, Inc., including its subsidiary, American Professional Liability Underwriters, headquartered in Miami, Florida. Terms of the transaction were not...
Sandy Spring Insurance Acquires The Advantage Group in Maryland
Aug 4 2016 // Sandy Spring Insurance Corp., a subsidiary of Md. headquartered Sandy Spring Bancorp Inc., has acquired The Advantage Group Inc. Following the acquisition, The Advantage Group will continue to operate under its current...
Arthur J. Gallagher Acquires Blue Horizon in California
Aug 4 2016 // Arthur J. Gallagher & Co. has acquired Blue Horizon Insurance Services in San Diego, Calif. Terms of the deal were not disclosed. Ronald Zappelliand his team will continue to operate in San Diego under the direction of...
New York Regulator Has ‘Significant Concerns’ About Anthem-Cigna Merger
Aug 4 2016 // New York’s insurance regulator has “significant concerns” about Anthem Inc.’s proposed $48 billion acquisition of rival health insurer Cigna Corp. and will hold a hearing to address them before...
AmWINS Completes Acquisition of Private Client Group in Florida
Aug 3 2016 // Special insurance broker AmWINS Group Inc. said it has completed its acquisition of the acquisition of Private Client Insurance Group, a Palm Beach Gardens, Florida-based wholesale broker specializing in personal lines...
Arthur J. Gallagher Acquires Texas-Based Victory Insurance Agency
Aug 3 2016 // Arthur J. Gallagher & Co. has acquired Victory Insurance Agency Inc., based in Pearland, Texas. Terms of the transaction were not disclosed. Founded in 1983, Victory Insurance Agency (Victory) is a retail insurance...
