Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Software Provider Vertafore Acquires Canada’s Keal Technology
Feb 29 2016 // Vertafore, the Bothell, Wash.-based insurance software provider, announced the acquisition of Keal Technology, a leading provider of broker and commercial management systems in Canada. The move extends Vertafore’s...
MassMutual Agrees to Buy MetLife Retail Adviser Network for $300M
Feb 29 2016 // Massachusetts Mutual Life Insurance Co. agreed to buy MetLife Inc.’s adviser-force business and affiliated broker-dealer for about $300 million. Massachusetts Mutual Life Insurance Co. has agreed to buy MetLife...
Why Buyers, Sellers File Claims Under M&A Insurance: AIG Study
Feb 26 2016 // Nearly 14 percent of mergers and acquisitions (M&A) insurance policies written globally by American International Group Inc. resulted in a claim, according to a study by the insurer, one of the largest writers of...
Venture Insurance Programs Acquires North Carolina-Based Tidal Solutions
Feb 25 2016 // Venture Insurance Programs, a national insurance program administrator, has acquired Tidal Solutions, LLC, a Charlotte, NC-based managing general underwriter serving the North American specialty commercial marine...
BB&T to Buy Swett & Crawford for $500M
Feb 24 2016 // Three months after it announced it would sell its North American operations, U.K.-based wholesale and reinsurance broker Cooper Gay Swett & Crawford (CGSC) has a buyer. North Carolina-based BB&T Corp. has agreed to...
AmWINS Group Acquires Group Benefit Services in Maryland
Feb 24 2016 // AmWINS Group Inc. announced that it has acquired Group Benefit Services Inc. and GBS Payroll Plus Inc., known collectively as Group Benefit Services, in Hunt Valley, Maryland. Terms of the transaction were not...
The Hilb Group Acquires PriMed Consulting in New Jersey
Feb 24 2016 // The Hilb Group, a middle market insurance agency based in Richmond, Virginia, announced that it has acquired PriMed Consulting, an independent agency in Ocean Township, New Jersey. The deal represents The Hilb...
Berkley FinSecure Partners with Law Firm to Offer EPL Risk Management Tools
Feb 24 2016 // Berkley FinSecure, a W. R. Berkley Company, has partnered with Jackson Lewis P.C. to offer employment practices risk management assistance for their customers. Jackson Lewis, a nationwide employment practices law firm,...
Maryland’s Carroll County to Pilot State Changes to Drug Treatment Funding
Feb 23 2016 // Carroll County, Maryland, is poised to serve as a model for treating substance abuse across the state. The Carroll County Health Department plans to address changes to state funding of outpatient substance abuse services,...
Exclusive: Google to Shut Down Online Insurance Site, Partners Say
Feb 22 2016 // It appears Google Compare’s grand experiment in online comparison shopping for auto insurance is dead – for now at least. Insurance Journal has learned that two of Google Compare’s major partners were told...
USI Insurance Services Acquires Florida-Based Best Insurance
Feb 22 2016 // USI Insurance Services has acquired Best Insurance, located in Tamarac, Fla. Best Insurance offers a range of personal insurance products, including homeowners, automobile, motorcycle, boat and watercraft, to customers in...
Merger and Acquisition Activity Sets New High-Water Mark
Feb 22 2016 // Merger and acquisition activity for 2015 set a new record with 456 deals, sailing past the previous high-water mark of 325 deals set in 2012, according to recent data. The fourth quarter closed with 104 announced...
AssuredPartners Acquires Encompass Risk Solutions in Pennsylvania
Feb 18 2016 // AssuredPartners Inc. announced Thursday that it has acquired Encompass Risk Solutions Inc., an independent agency based in Warminster, Pennsylvania, with two additional offices in York, Pennsylvania, and Marietta, Georgia....
Kentucky Commish Green Lights Aetna-Humana Acquisition, Florida Approves Deal
Feb 18 2016 // Louisville, Ky.-based Humana has been approved for takeover by Aetna by Kentucky regulators, according to a statement from the Kentucky Department of Insurance Commissioner Brian Maynard. The order approving the request...
United Community Financial Corp. Acquires James & Sons Insurance
Feb 17 2016 // United Community Financial Corp., holding company of The Home Savings and Loan Co., has completed its acquisition of James & Sons Insurance in Youngstown, Ohio. This transaction marks the initial step in the formation...
Propel Insurance Acquires United Risk Solutions in Oregon
Feb 17 2016 // Propel Insurance has acquired Medford, Ore.-based United Risk Solutions. United Risk specializes in complex accounts, including the timber and trucking industries, commercial insurance, workers’ compensation,...
China’s Fosun Scraps Plan to Buy Israel’s Phoenix, Vowing More Prudent Strategy
Feb 17 2016 // Chinese conglomerate Fosun International Ltd.’s deal to acquire Israeli insurer Phoenix Holdings Ltd. for more than $460 million has unraveled, the firm’s second withdrawn overseas purchase in the past two...
Everest’s Crop Insurance Unit Partners with Global Ag Risk Solutions
Feb 12 2016 // Everest Re Group, Ltd. has formed a strategic alliance between its U.S. crop insurance unit, Heartland Crop Insurance, Inc., and Global Ag Risk Solutions (GARS). The new partnership will deliver GARS Production Cost...
Willis Group Reports (Pre-Merger) Q4 Loss of $24M, vs. Q4 2014 Earnings of $76M
Feb 12 2016 // Willis Group reported a net loss of $24 million, or $(0.35) per diluted share during the fourth quarter of 2015, compared to earnings of $76 million, or $1.12 per diluted share, in the prior year quarter. During the 12...
Sompo Canopius Partners with UK’s SSBN for US Flood Models, Hazard Maps
Feb 12 2016 // Sompo Canopius AG has entered into a license agreement with SSBN, which will provide it with flood models and hazard maps for the United States. SSBN works within the insurance sector, providing global flood risk...
