Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Risk Strategies Acquires OakBridge Advisors in California
Jun 2 2016 // Risk Strategies Co. has acquired employee benefits firm OakBridge Advisors in Newport Beach, Calif. Founders Edward Kirkwood and Lawrence Hartley their staff will continue serving their current client base. They will work...
Amos A. Phelps & Son, J.H. Slattery Announce Merger in Massachusetts
Jun 2 2016 // Two multi-generational independent agencies in Boston suburbs — Amos A. Phelps & Son Insurance in Rockland, Massachusetts, and J.H. Slattery Insurance Agency in Abington, Massachusetts — have announced...
UK Broker Bluefin Extends Loss Recovery Insurance Partnership with Lorega
Jun 2 2016 // Bluefin, the London-based insurance broker, has extended its existing loss recovery insurance services partnership with Lorega Ltd., the UK MGA and assistance specialist, across its middle market commercial business. The...
Disaster Recovery Firm Interstate Restoration Acquires Canada’s FirstOnSite
Jun 2 2016 // Interstate Restoration LLC, the Ft. Worth, Tex.-based disaster recovery company, has completed the acquisition of FirstOnSite Restoration G.P. Inc. in Canada. As Canada’s largest independent disaster restoration...
Midwest Risk Management Groups, Bearence and AERO, Form Partnership
Jun 1 2016 // Bearence Management Group, based in Des Moines, Iowa, and AERO Risk Management, headquartered in Minneapolis, Minn., have formed a strategic partnership to provide clients of both firms with access to expanded risk...
Risk Strategies Establishes Florida Footprint With Acquisition of Atlass Insurance
Jun 1 2016 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has acquired Florida-Based Atlass Insurance Group, significantly adding to the resources of its Private Client...
VALE Acquires Onyx Transportation Services in California
May 31 2016 // VALE Insurance Partners has acquired 100 percent of the assets of San Francisco, Calif.-based Onyx Transportation Services LLC, the program administrator for Onyx Insurance Company Inc., a risk retention group specializing...
AXA Sells SunLife, Names Top Team Including Harlin as CFO, Olivier to Lead P/C
May 27 2016 // AXA SA sold its SunLife unit in the U.K. to Phoenix Group Holdings and announced the top-management team that will work with incoming Chief Executive Officer Thomas Buberl when he takes the helm in September. Gerald Harlin...
Credit Suisse Sells Operational Risk Bonds, Insuring Rogue Trading, Cyber Crime
May 27 2016 // Credit Suisse Group AG sold 220 million Swiss francs ($222 million) of bonds designed to offload potential losses on events like rogue trading, with some investors sidestepping the issue because of the incalculable...
Indiana Department of Insurance Approves Anthem’s Cigna Acquisition
May 26 2016 // The health insurer Anthem Inc. announced it has received approval from Indiana Department of Insurance Commissioner Stephen W. Robertson for the acquisition of Cigna HealthCare of Indiana Inc., a subsidiary of Cigna...
Global Risk Partners Completes Acquisition of LONMAR
May 26 2016 // Global Risk Partners Ltd., the insurance broking and managing general agency (MGA) investment vehicle, has completed its backing of the management buyout of LONMAR Global Risks, the London-based specialist Lloyd’s...
Dutch Insurer NN Group Plans to Buy Back Shares Worth $559 Million
May 26 2016 // NN Group NV, the second-biggest Dutch insurer, said it will buy back as much as 500 million euros ($559 million) of shares over the 12 months from June as it returns excess capital to investors. First-quarter operating...
PartnerRe Reshapes $16B Investment Portfolio Under Elkann/EXOR’s Leadership
May 26 2016 // PartnerRe exited junk bonds and shifted funds into property as the reinsurer reshaped a $16 billion investment portfolio after being acquired by John Elkann’s EXOR SpA. EXOR’s approach is to focus on holdings...
Risk Strategies Acquires John Buttine Inc. in New York City
May 24 2016 // Risk Strategies Company announced Tuesday that it has acquired John Buttine Inc., an insurance brokerage in New York City with a specialty focus on media-related businesses and services. Terms of the transaction were not...
CEO’s Departure at Mortgage Insurer Radian May be Rival’s Opportunity to Acquire: Analyst
May 23 2016 // Essent Group Ltd. may have an opportunity to buy Radian Group Inc., the rival mortgage insurer whose chief executive officer is stepping down, an analyst at BTIG LLC said. “Radian has no clear successor,” for...
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’...
