Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher Buys Canada Broker Christie-Phoenix & Its Affiliate, Discovery
Nov 3 2015 // Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has extended its investment in Canada with the acquisition of retail insurance broker Christie-Phoenix...
Odyssey Partners Completes Acquisition of Broker Integro
Nov 2 2015 // New York private equity firm Odyssey Investment Partners has completed its acquisition of specialty insurance brokerage Integro Ltd. Financial details of the investment were not disclosed. Integro said its management team...
Partners Insurance Hires McDonald as Broker in Massachusetts
Oct 30 2015 // Bernard J. McDonald V Partners Insurance Group LLC has hired Bernard J. McDonald V as a licensed broker and producer. McDonald is responsible for developing new business and creating customer relationships. He provides and...
Aviva CEO: Jump in New Business Will Allay Fears About Friends Life Acquisition
Oct 30 2015 // Aviva Plc Chief Executive Officer Mark Wilson said a 25 percent jump in new business in the first nine months of the year should allay concerns that his 5.6 billion- pound ($8.6 billion) acquisition of Friends Life Group...
Smith Brothers Acquires Bayberry Insurance in Connecticut
Oct 29 2015 // Smith Brothers Insurance, an independent agency based in Glastonbury, Connecticut, announced that it has acquired the assets of Bayberry Insurance in Groton, Connecticut. Terms of the transaction were not...
IBM to Buy Weather Co.’s Business, Web Properties to Expand Watson
Oct 28 2015 // IBM said today it has agreed to acquire The Weather Co.’s business-to-business mobile and cloud-based web properties, including WSI, weather.com, Weather Underground and The Weather Co. brand. IBM will not acquire...
House Votes to Extend Transportation Funding, Railway Safety Deadline
Oct 28 2015 // The U.S. House of Representatives on Tuesday approved a bill to keep federal funds flowing to road and bridge construction projects into late November, while also extending a key rail safety deadline to the end of 2018. In...
Ace Sells $5.3 Billion of Bonds for Chubb Deal
Oct 28 2015 // Ace Ltd. yesterday sold $5.3 billion of bonds to finance its acquisition of Chubb Corp. The debt sale, which will help close a deal valued at about $30 billion, was issued in four parts, with the longest portion, a 30-year...
Distinguished LLC Acquires Fulcrum Programs in Washington
Oct 27 2015 // Distinguished LLC finalized its acquisition of Bellevue, Wash.-based Fulcrum Insurance Programs. Terms of the deal were not disclosed. Fulcrum will combine with Distinguished’s own real-estate and hospitality program...
GDP Advisors Acquires The Insurance Connection of Texas
Oct 27 2015 // McKinney, Texas-based GDP Advisors has acquired The Insurance Connection of Texas (ICT). Located in Frisco, Texas, ICT has been owned and operated by Lori and Chris Gardner and specializes in general/commercial liability,...
Ace Group $5.3 Billion Bond to Help Finance $28.3 Billion Acquisition of Chubb
Oct 27 2015 // Ace Group on Tuesday announced a $5.3 billion four-part bond to help finance its acquisition of Chubb, Reuters reported this morning. The Chubb deal is expected to be priced later today. Ace filed its preliminary...
PartnerRe’s Q3 Earnings Impacted by EXOR Acquisition, ‘Difficult’ Market
Oct 27 2015 // As EXOR’s acquisition of Bermuda-based PartnerRe proceeds, it will be taking over a somewhat diminished company, as PartnerRe reported a net loss of $243.3 million, or $5.08 per share for the third quarter of 2015....
Injury Claims Become Commodities with Litigation Funding, Claim Aggregation
Oct 26 2015 // For all the black robes and ceremony, the American legal system often operates more like a factory assembly line than a citadel of individualized justice. Ninety- five percent of criminal prosecutions end in plea deals....
FEMA Urges Californians to Buy Flood Insurance Ahead of El Nin᷈o
Oct 26 2015 // Federal emergency officials are urging Californians to buy flood insurance – even those who don’t live near creeks or rivers – as El Nin᷈o conditions get underway in the Pacific Ocean, increasing chances for...
Ironshore Acquires Novae Group’s Agricultural Team and Renewal Portfolio
Oct 26 2015 // Bermuda-based Ironshore International announced the acquisition of the reinsurance renewal rights to Novae Group’s global agriculture reinsurance portfolio. The transfer is conditional on Lloyd’s approval and...
Arthur J. Gallagher Acquires Ohio’s Sigma II Insurance Agency
Oct 26 2015 // Arthur J. Gallagher & Co. has acquired Sigma II Insurance Agency in Independence, Ohio. Terms of the transaction were not disclosed. Founded in 1988, Sigma II Insurance Agency (Sigma II) is an employee benefits...
Four Specialist M&A Underwriters Join Marketform to Write $77 Million Line
Oct 23 2015 // Specialist Lloyd’s underwriter Marketform has announced the appointment of four more mergers and acquisitions (M&A) insurance specialists who will be based in their London office. The new underwriters –...
The Hilb Group Acquires Gentry Insurance of Florida
Oct 23 2015 // The Hilb Group, LLC (THG) has acquired Gentry Insurance Agency (GIA) Inc. GIA is an independent insurance agency located in Apopka, Fla. The transaction became effective October 1, 2015. As an independent agency, GIA...
Chubb Shareholders Approve Merger with Ace
Oct 22 2015 // The Chubb Corp. said its shareholders approved the previously announced $28.3 billion merger agreement with Ace Limited today. The proposal to approve the merger agreement received support from approximately 98 percent of...
K&K to Partner with Producers to Provide New Program Business Markets
Oct 21 2015 // K&K Insurance Group, Inc., a subsidiary of Aon plc, is now accepting property and casualty program business from producers. K&K has provided property and casualty program options for more than 60 years,...
