Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Aegon, Transamerica Owner, Sells $4.4B UK Annuity Portfolio to Legal & General
May 23 2016 // Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., divested the final 3 billion pounds ($4.4 billion) of annuities from its U.K. portfolio to Legal & General Group Plc. The transaction, which covers 27,000...
Industry Partners with University of Alabama on Tornado Preparedness Guide
May 23 2016 // The Alabama Center for Insurance Information and Research at The University of Alabama Culverhouse College of Commerce has partnered with the Property Casualty Insurers Association of America, the Alabama Department of...
PartnerOne Environmental Adds Huitt, Maxwell to New Jacksonville, Florida Office
May 22 2016 // PartnerOne Environmental has opened a new regional office in Jacksonville, Fla., and added Michelle Huitt as assistant vice president and Marie Maxwell as underwriter. The new team members will help manage the PartnerOne...
Hanover Stone Partners, UnitedLex to Offer Cyber Risk Management Services
May 20 2016 // Hanover Stone Partners, a risk management services firm, and UnitedLex, a business advisory company, have collaborated on cyber-security, legal services and other risk management options for businesses and other commercial...
Digital Benefit Advisors Acquires Minnesota’s Corporate Health Systems
May 20 2016 // Digital Benefit Advisors (DBA) a national employee benefits firm, has acquired Corporate Health Systems of Eden Prairie, Minn., expanding its footprint in the Minneapolis/St. Paul area. Corporate Health Systems’...
Update: Skuld to Acquire SMA/Gerling Norway and Its Hull & Machinery Book
May 20 2016 // Skuld, the Oslo, Norway-based marine insurance provider, announced it has signed a letter of intent to purchase SMA/Gerling Norway. The transaction includes the acquisition of the renewal rights of the hull & machinery...
Lockton Acquires Outland Consultants in Connecticut
May 19 2016 // Insurance broker Lockton announced Thursday that it has acquired Outland Consultants, a global employee benefits consultancy in Glastonbury, Connecticut. Terms of the transaction were not disclosed. Since 1998, Outland...
Federal Funding for Ohio Flood Control Plan in Jeopardy
May 19 2016 // Officials in northwest Ohio may be forced to abandon a flood control project or pay for it with local money as federal funding for the plan is in jeopardy. A review by the U.S. Army Corps of Engineers in recent months...
KRA Insurance Agency, New Agency Partners Merge in New Jersey
May 18 2016 // KRA Insurance Agency, based in Springfield, New Jersey, and New Agency Partners in Parsippany, New Jersey, have announced that the two firms have merged, resulting in a newly-formed agency, KRA Agency Partners. Terms of...
House, Senate Republicans Divided Over Zika Funding
May 18 2016 // House and Senate Republicans can’t get on the same page when it comes to fighting the Zika virus — and Democrats are pouncing. The Senate, on a 68-29 vote, advanced $1.1 billion of the administration’s...
Economical to Buy Largest Canada Pet Insurer, Western Financial Insurance Co.
May 18 2016 // Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced plans to acquire Desjardins Group’s pet insurance business, Western Financial Insurance Co. (WFIC) and...
Carpenter Forms Partnership with Symantec to Create Cyber Aggregation Model
May 18 2016 // Guy Carpenter & Co., the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Cos., has formed a strategic alliance with cyber security specialist Symantec Corp. to create a cyber...
Salem Five Acquires Otis Brown Insurance Agency in Massachusetts
May 17 2016 // Salem Five, a banking and financial services company based in Salem, Massachusetts, announced that it has acquired Otis Brown Insurance Agency Inc. of Lexington, Massachusetts. Terms of the transaction were not...
Arthur J. Gallagher Acquires Hogan Insurance Services
May 17 2016 // Arthur J. Gallagher & Co. has acquired Hogan Insurance Services Inc., located in Westlake Village, Calif. Terms of the deal were not disclosed. Robert Hogan and his team will continue to operate in their current...
Activist Investor Icahn Buys More Shares in AIG
May 17 2016 // Activist investor Carl Icahn has raised his stake in American International Group Inc. by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent companies. Icahn now owns 44.4...
Watsa’s Fairfax Plans to Buy Control of Indonesia Insurer’s Non-Life Unit: Sources
May 17 2016 // Fairfax Financial Holdings Ltd., the Canadian investment firm led by Prem Watsa, is in advanced talks to buy control of Indonesian financial group PT Paninvest’s non-life insurance unit, people with knowledge of the...
Tennessee-Based Reliance Partners Promotes Chastain
May 17 2016 // Reliance Partners has promoted of Jordan Chastain to the position of senior director of Sales for the transportation division of the company. Chastain is a native of Gainesville, Ga., and a graduate of the University of...
Partner Specialty Group Launches Online High Value Homeowners Facility
May 16 2016 // Partners Specialty Group, LLC has announced a new non-admitted online high value homeowners facility with limits in excess of $60 million. Appointed agents will be able to access the online portal and obtain quotes for the...
Brown & Brown to Acquire Morstan General Agency in New York
May 16 2016 // Brown & Brown Inc. announced Monday that it has agreed to acquire substantially all of the operating assets of Morstan General Agency Inc. and related companies based in Manhasset, New York. The transaction is...
Gallagher Acquires Canadian Personal & Commericial Lines Broker, B.R. Rhymer
May 13 2016 // Arthur J. Gallagher has acquired B.R. Rhymer Insurance Agencies Ltd., a Canadian personal and commercial lines broker located in Winnipeg, Manitoba. The agreement will see the business, which has been operating under a...
