Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hiscox Sells Hong Kong Division of DirectAsia to Well Link Group Holdings
Aug 31 2016 // Hiscox, the specialist insurance group, has completed the sale of the Hong Kong division of its DirectAsia business to Well Link Group Holdings Ltd., having received regulatory approval from the Office of the Commissioner...
UK’s Aviva to Hire JPMorgan’s Singh to Head Global M&A, Source Says
Aug 30 2016 // Aviva Plc hired Chetan Singh, a managing director at JPMorgan Chase & Co., to head its mergers and acquisitions globally as the British insurer scouts for deals outside its home market. Singh, who led dealmaking for...
Tokio Marine in Talks to Acquire RHB’s Non-Life Insurance Unit: Sources
Aug 30 2016 // Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank’s general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer’s products through the Malaysian lender,...
Vermont Law Tightens Regulation for Consumer Litigation Funding Companies
Aug 24 2016 // A new Vermont law introduces changes to the legal requirements for consumer litigation funding companies in the state. These companies will now need to get licensed and post a surety bond in order to operate...
Uber Moves Into Self-Driving Truck Lane with Otto Acquisition
Aug 19 2016 // Ride service Uber Technologies Inc. said on Thursday it has acquired the self-driving trucks startup Otto, and it also announced that Volvo Car Group has agreed to a $300 million alliance to develop self-driving...
Towergate Forms £30M, 5-Year Partnership with Yacht Specialist N&G (Zurich Unit)
Aug 19 2016 // Towergate and Navigators & General (N&G), a part of the Zurich Group, have signed a strategic partnership under which N&G will provide capacity and expertise for Towergate Marine products. Towergate Marine...
Guidewire to Acquire Massachusetts Software Firm FirstBest
Aug 18 2016 // Guidewire Software Inc., a property and casualty insurance software provider headquartered in Calif., has entered into an agreement to acquire FirstBest Systems Inc., a Bedford, Mass. based provider of underwriting...
New Jersey’s Holman Insurance Services Acquires Risk Partners
Aug 18 2016 // Holman Insurance Services LLC, a subsidiary of Maple Shade, N.J., based Holman Automotive Group Inc., has acquiredRisk Partners Inc., a Medford, N.J., based commercial insurance brokerage and managing general...
China’s Ping An Eyes Overseas Acquisitions, Including in Post-Brexit UK
Aug 18 2016 // Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in overseas investments and has not been put off Britain by its vote to leave the European...
Florida Insurers UPC Insurance, American Coastal Insurance Enter Merger Agreement
Aug 18 2016 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has entered into a merger agreement with RDX Holding, LLC, the parent of American Coastal Insurance Co. (ACIC or American...
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...
