Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
NFP Acquires Utah’s First West Brokerage Services
Jun 30 2016 // National insurance broker and consultant, NFP Corp., has acquired First West Brokerage Services Inc. (First West), based in Orem, Utah. Founded in 1987, First West is a full service benefits insurance broker and consultant...
Sompo Canopius & Mexico’s GNP Form Strategic Partnership
Jun 30 2016 // Sompo Canopius AG and Mexico’s Grupo Nacional Provinical SAB formed a strategic partnership. This arrangement will help both parties to develop new business and insurance products for the Mexican market,...
Insurance Office of America Acquires Hornung Agency in Delaware
Jun 30 2016 // Insurance Office of America (IOA) of Longwood, Florida, has acquired Thomas J. Hornung & Associates, an independent insurance agency in the Wilmington, Delaware area. Thomas J. Hornung, who founded the agency in 1997,...
Zurich Buys MAA Takaful Berhad, Expanding in Malaysia Takaful Market
Jun 30 2016 // Zurich Insurance Co. Ltd., a subsidiary of Zurich Insurance Group, has completed the acquisition of MAA Takaful Berhad (MAAT), a leading provider of Takaful products in Malaysia, from MAA Group Berhad and Solidarity Group...
Senate Zika Funding Fails as Democrats Balk at Strings Attached
Jun 29 2016 // Senate Democrats on Tuesday blocked Republicans’ plan to partially fund President Barack Obama’s request for funding to tackle the Zika virus and attach it to other items Democrats dismissed as partisan,...
Anthem Says It’s Not Walking Away from Cigna Merger
Jun 29 2016 // Anthem Inc. said it’s not in discussions with Cigna Corp. to end their $48 billion tie-up, as speculation about the health insurance deal’s fate mounts. The New York Post reported earlier that Anthem may be...
NFP Completes Sale of Majority Stake in Kestra Financial to Stone Point Capital
Jun 27 2016 // NFP, an insurance broker and consultant, has completed the sale of a majority stake in Kestra Financial (Kestra) to funds managed by Stone Point Capital LLC (Stone Point), a private equity firm focused on investing in the...
Cross Insurance Buys Bardwell, Bowlby & Karem Agency in Berkshires
Jun 24 2016 // Cross Insurance has expanded its presence in western Massachusetts, New York and southern Vermont with the purchase of Pittsfield, Massachusetts-based independent insurance agencyBardwell, Bowlby & Karam,which has been...
ERMI Launches Pollution Protection Product for M&A Transactions
Jun 24 2016 // Environmental Risk Managers, Inc. (ERMI) has announced a new product to address exposures related to business & property transactions. The Mergers, Acquisitions, and Pollution Protection (MAPP) product combines...
Hanover Stone Partners, USA Risk Group to Offer Captive Management Services
Jun 24 2016 // Hanover Stone Partners, a risk management services firm, and USA Risk Group, an independent captive management firm, have collaborated to offer captive management, governance and related services to businesses and other...
Massachusetts’ Rogers & Gray Acquires Albert Brock Co. on Nantucket
Jun 23 2016 // Cape Cod, Massachusetts-based Rogers & Gray Insurance has acquired the independent insurance agency, Albert G. Brock Co., located on Nantucket Island. The newly formed entity will now be known as Brock Insurance, a...
Meeting with Antitrust Official Key Moment for Anthem-Cigna Merger
Jun 23 2016 // Anthem Inc. and Cigna Corp. are preparing for a showdown with senior Justice Department officials this week in their effort to persuade the government to allow the health insurers to combine, lest they wind up dueling in...
Democratic Senators Oppose Health Insurer Mergers
Jun 23 2016 // Seven Democratic senators urged the U.S. Justice Department on Wednesday to block two mergers of major health insurance companies, saying that the proposed deals would mean higher premiums and lower-quality healthcare for...
Integro Acquires Equine Broker Jerry Parks Insurance Group in Florida
Jun 22 2016 // International broker and risk management firm Integro Insurance Brokers has added to its livestock coverage capabilities with the acquisition of Ocala, Florida-based corporations Jerry Parks Equine Insurance, Inc. and...
AXA Plans $2.4B in Cost Cuts by 2020; Acquisitions Eyed for Growth
Jun 21 2016 // AXA SA, France’s largest insurer, plans to increase profitability through 2020 by seeking 2.1 billion euros ($2.4 billion) of cost cuts and growing digital investments to tap rising demand for policies protecting...
Risk Strategies Acquires Dallas-Based McLaughlin Brunson Agency
Jun 21 2016 // National insurance brokerage and risk management firm, Risk Strategies Company, has acquired Dallas-based McLaughlin Brunson Insurance Agency. McLaughlin Brunson provides insurance products and services to architects,...
Houston-Based The Stevenson Group Acquired by Digital Benefit Advisors
Jun 20 2016 // National employee benefits firm, Digital Benefit Advisors (DBA), has acquired its second Houston-based firm, The Stevenson Group. Principals Brian and Audrey Stevenson, along with their 16-member team will continue...
Church Mutual, Insight Worldwide Partner on Pre-Employment Screening
Jun 17 2016 // Merrill, Wis.-based Church Mutual Insurance Co. announced it has partnered with Insight Worldwide to offer access to pre-employment screening for those who hire employees at senior living communities. Pre-screening...
AmTrust Acquires Total Program Management in New York
Jun 17 2016 // AmTrust Financial Services Inc. announced that it has acquired Total Program Management LLC in Ronkonkoma, New York, for cash. Terms of the transaction were not disclosed. Founded in 2005, Total Program Management is a...
Texas-Based RiskPro Partners Names Davis as VP, Risk Management
Jun 16 2016 // RiskPro Partners, a privately held insurance brokerage firm headquartered in Dallas, has hired Julie Davis as vice president, Risk Management Services, in RiskPro Partner’s Austin office. Davis joins RiskPro Partners...
