Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
XL Innovate, XL Group’s Venture Capital Company, Acquires New Energy Risk
Oct 2 2015 // Dublin-based XL Group plc announced that XL Innovate*, the venture capital fund sponsored by the company, has acquired all of the shares of New Energy Risk Inc. “New Energy Risk has developed and delivered to the...
York Risk Services Group Acquires Mississippi-Based Quick Cat
Oct 2 2015 // York Risk Services Group, a provider of claims management, managed care and risk management services, has acquired Brandon, Miss.- based Quick Cat LLC. Quick Cat provides commercial daily and catastrophe claims services on...
UPC Insurance to Buy Interboro for $57M
Sep 30 2015 // United Insurance Holdings Corp. (UPC Insurance) said it will pay $57 million for Interboro Insurance Co., a New York-based property/casualty insurer licensed to operate in four states and Washington, D.C. The deal involves...
Florida’s Heritage Insurance to Acquire Hawaii’s Zephyr
Sep 29 2015 // Clearwtaer, Florida-based Heritage Insurance Holdings Inc. has agreed to acquire Zephyr Acquisition Co. and its wholly-owned subsidiary, Zephyr Insurance Co., a specialty insurance provider in Hawaii. The acquisition will...
Surgical Funding Firm Accused of Inflating Claims
Sep 29 2015 // A unit of Johnson & Johnson that makes artificial hips has accused a surgical funding company of seeking excessive profits from financing surgery for patients suing over the devices. The claim by DePuy Orthopaedics...
PartnerRe Files Definitive Proxy to Seal Acquisition by EXOR
Sep 29 2015 // Bermuda-based PartnerRe Ltd. announced that a Special General Meeting of shareholders will take place on Thursday, November 19, 2015 to vote on the previously announced merger agreement between PartnerRe and EXOR, and all...
AmTrust Financial to Buy Texas-Based Insurer, Republic
Sep 28 2015 // AmTrust Financial Services Inc. announced that it has agreed to acquire Republic Companies Inc. and its affiliates (Republic) from Delek Group Ltd. and Republic Insurance Holdings LLC. Republic is based in Dallas. The...
USI Insurance Services Acquires Benefit Controls of the Carolinas
Sep 25 2015 // USI Insurance Services has acquired the employee benefits business of Benefit Controls of the Carolinas, Inc. This is the first acquisition in North Carolina for USI. An employee benefits consulting firm, Benefit Controls...
Health Insurer CEOs Defend Big Mergers Before Senate
Sep 24 2015 // Leaders of two major health insurers planning multibillion dollar acquisitions made their case to Congress this week that bigger can mean better in their industry, but concerns are being raised in Washington about how...
WSJ: Towers Watson CEO Haley Sold Shares During Willis Merger Talks
Sep 24 2015 // Towers Watson & Co. Chief Executive John Haley sold shares in the human resources consultancy for a profit of about $9.7 million while the company was discussing a merger with Willis Group Holdings, the Wall Street...
Vanner Insurance Agency Acquires Edmund D. Stevens in New York
Sep 23 2015 // Vanner Insurance Agency, an independent agency based in Amherst, New York, announced that it recently boosted its marine insurance business by acquiring Buffalo, New York-based agency Edmund D. Stevens Inc. and its marine...
Brit Announces Investment in New York-Based Ambridge Partners
Sep 23 2015 // Brit Limited, a global specialty insurer and reinsurer based in London, announce that it has made a significant strategic investment in Ambridge Partners LLC, a New York-based managing general underwriter of transactional...
Swiss Re to Buy Guardian Financial Services for $2.5B, Hiking UK Portfolio
Sep 23 2015 // Swiss Re AG’s business unit Admin Re agreed to acquire Guardian Holdings Europe Ltd. from buyout firm Cinven for 1.6 billion pounds ($2.5 billion) to increase its portfolio of U.K. life-insurance policies. The deal...
Aetna Says Federal Regulators Want More Information on Humana Acquisition
Sep 21 2015 // Health insurer Aetna Inc . said on Friday that the U.S. Department of Justice asked for more information on its pending $37 billion acquisition of Humana Inc . The DoJ’s so-called “second request” will...
Delaware Court Raising Standards for Class Actions Against Mergers
Sep 21 2015 // A Delaware judge signaled on Thursday that the rules are changing for shareholder class actions challenging corporate mergers, which are widely criticized for reaping millions dollars in lawyers’ fees while rarely...
Arthur J. Gallagher & Co. Acquires North Alabama Insurance
Sep 20 2015 // Arthur J. Gallagher & Co. has acquired North Alabama Insurance, Inc. in Florence, Ala. Terms of the transaction were not disclosed. Established in 1982, North Alabama Insurance, Inc. (NAI) is a managing general agent...
Taiwan’s Cathay Financial Completes Acquisition of Conning
Sep 18 2015 // Cathay Financial Holding Co. Ltd., based in Taiwan, said it has completed the previously-announced acquisition of Conning Holdings Corp. through its subsidiary, Cathay Life Insurance Co, Ltd. Conning, based in Hartford,...
China’s Fosun in Advanced Talks to Buy RSA’s Middle East Unit: Sources
Sep 18 2015 // Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group Plc’s Middle East business, people familiar with the matter...
JLT Employee Benefits to Buy Corporate Unit of Close Brothers Asset Mgmt
Sep 17 2015 // JLT Employee Benefits has agreed to acquire the corporate business of Close Brothers Asset Management Limited for an undisclosed value. JLT EB said the deal will boost its client portfolio and strengthen its market share...
RSA Promotes Middle to Role of Global Telematics Partnering Director
Sep 16 2015 // London-based RSA announced it has promoted Paul Middle to the role of global telematics partnering director. Effective immediately, Middle will be responsible for growing RSA’s telematics portfolio globally across...
