Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk
Jul 25 2016 // Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members...
Munich Re Partners with Startup Slice to Offer On-Demand Insurance Products
Jul 25 2016 // Munich Re has partnered with New York City-based insurtech startup Slice Labs Inc. as Slice prepares to launch its first on-demand, per-use insurance product. Slice and Munich Re said they have agreed to an ongoing...
Court Battles Begin as U.S., States Sue to Halt Anthem, Aetna Mergers
Jul 21 2016 // U.S. antitrust enforcers roundly rejected a pair of proposed deals that would consolidate the nation’s five biggest health insurers into just three. The Justice Department filed an antitrust lawsuit to stop Anthem...
So. Africa’s Discovery Enters Japan Market with Sumitomo & SoftBank Partnership
Jul 21 2016 // Discovery Ltd., South Africa’s third-largest insurer by market value, said it has set up a partnership with Japan’s Sumitomo Life Insurance Co. and SoftBank Group Corp. to develop and introduce products for the...
Cross Insurance Acquires Maine’s Sargent, Tyler & West
Jul 20 2016 // Maine’s Cross Insurance reported it has acquired another leading Maine insurance agency, Sargent, Tyler & West in Bangor, and its Bucksport branch office, Roland Grindle Insurance Agency. Sargent, Tyler &...
Bassman Completes Acquisition of Ascend Insurance Brokerage
Jul 20 2016 // Dallas-based Ascend Insurance Brokerage President and CEO Paul Bassman has closed on the acquisition of the company, purchasing the business from James Chippendale, who founded Ascend in 2001. Ascend specializes in the...
