Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub’s Totten Insurance Group Buys Canadian Resources Insurance Solutions
Aug 3 2016 // Totten Insurance Group, the Toronto-based managing general agency, announced that it has acquired the shares of Canadian Resources Insurance Solutions Inc. (CRIS), a Sudbury, Ontario-based insurance wholesaler. Terms of...
Congress Urged to Interrupt Recess to Act on Zika Funding
Aug 3 2016 // Federal health officials, scrambling to fund efforts to combat the spread of the Zika virus in the United States, said on Tuesday they have provided more stopgap money to various locales while calls grew for Congress to...
EPIC Sells Northern California Office to InterWest
Aug 2 2016 // EPIC Insurance Brokers & Consultants has sold its Petaluma, Calif. branch office and its book of business to Sacramento-based InterWest Insurance Services. The deal closed on July 31. Terms were not disclosed. EPIC is...
ANV Global Services Raises Capacity for M&A Insurance
Aug 2 2016 // ANV Global Services Ltd, the international managing general underwriter (MGU) of global specialty insurance group ANV, has today announced an increase in its Lloyd’s underwriting capacity for mergers and acquisitions...
Element Risk Management Acquires Singleton Insurance in Pennsylvania
Aug 2 2016 // West Chester, Pennsylvania-based insurance agency Element Risk Management has finalized the acquisition of Singleton Insurance in Ickesburg, Pennsylvania. Terms were not disclosed. The acquisition expands Element...
Arthur J. Gallagher & Co. Acquires UK-Based Orb Financial Services Ltd.
Aug 1 2016 // Arthur J. Gallagher & Co. announced the acquisition of Orb Financial Services Ltd. in Surrey, England. Terms of the transaction were not disclosed. Founded in 2007, Orb Financial Services is an employee benefits...
The Hartford Closes on $168M Acquisition of Maxum Specialty
Aug 1 2016 // The Hartford Insurance Group (HIG) has completed its acquisition of Maxum Specialty Insurance Group for $168 million in cash. The transaction, announced in March, closed on July 29. Maxum will maintain its brand and...
AXA, Alibaba and Ant Financial Services Form Global Strategic Partnership
Jul 29 2016 // AXA, Alibaba and Ant Financial Services have formed a global strategic partnership to explore opportunities to distribute AXA’s insurance products and services through Alibaba’s global e-commerce platforms. The...
The Crichton Group in Tennessee Names Hite Partner, Vice President
Jul 29 2016 // The Crichton Group, an independent insurance agency in Middle Tennessee, has promoted industry veteran Dan Hite to the position of partner and vice president. Previously, Hite served as commercial insurance advisor for the...
Allianz Unveils Transactional Liability Unit as M&A Surges
Jul 27 2016 // Allianz Group is launching a new transactional liability unit designed to take advantage of greater M&A deal activity in the U.S. and, ultimately, around the world. The insurer’s Allianz Global Corporate &...
Hub International Expands Southeast Presence with Acquisition of KeenanSuggs
Jul 27 2016 // Hub International Limited has agreed to acquire the assets of KeenanSuggs Insurance Inc., based in South Carolina. Terms of the acquisition were not disclosed. The deal is expected to close on August 1, 2016. With offices...
Colorado-Based ICAT Partners with Neon for Additional Cat Capacity
Jul 27 2016 // Broomfield, Colo.-based ICAT has teamed up with Neon to provide an additional $10 million of per-risk capacity to catastrophe-exposed commercial properties in the U.S. The partnership expands ICAT’s per-risk...
Correction: Catalina to Buy Hartford Financial Products International & Downlands Liability Management
Jul 27 2016 // (Editor’s Note: The original version of this article published yesterday, July 26, omitted “International” from the headline “Catalina to Buy Hartford Financial Products International &...
Obama Signs Bill to Curb Opioid Abuse But Decries Low Funding
Jul 26 2016 // President Barack Obama has signed into law a bill to curb abuse of heroin and opioid drugs, even while expressing disappointment with Republicans for not providing more money for addiction treatment. The Comprehensive...
World Insurance Associates Acquires New Jersey’s AIV Group
Jul 26 2016 // World Insurance Associates, an independent insurance agency headquartered in Tinton Falls, New Jersey, said it recently acquired AIV Group, an insurance agency serving the Asian community. AIV Group, in Avenel, New Jersey,...
Catalina to Buy Hartford Financial Products International & Downlands Liability Management
Jul 26 2016 // (Editor’s Note: The original version of this article published yesterday, July 26, omitted “International” from the headline “Catalina to Buy Hartford Financial Products International &...
Amazon and UK Government Form Partnership to Test Drone Deliveries
Jul 26 2016 // Amazon Inc. and the British government have announced a partnership to test the e-commerce giant’s aerial drone parcel delivery system after run-ins over the technology’s use. Supervised by the U.K.’s...
Great American Insurance to Acquire National Interstate Corporation
Jul 25 2016 // National Interstate Corp. (National Interstate), based in Richfield, Ohio, announced it has agreed to be acquired by Great American Insurance Co. (Great American), a wholly-owned subsidiary of American Financial Group Inc....
Lawyer Sentenced for Insider Trading on Nationwide-Harleysville Merger
Jul 25 2016 // A former partner at the law firm Fox Rothschild was sentenced on Friday to six months in prison for trading on inside information that a client at his law firm was about to announce a merger, prosecutors said. Herbert...
Health Insurers Could Go on Buying Spree If Big Mergers Blocked
Jul 25 2016 // The potential bust-up of two mega deals among America’s largest health insurance companies may have an unintended result – more mergers. The U.S. Department of Justice on Thursday sued to block Aetna...
