Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
No Competing Offers to EXOR Deal Received by PartnerRe
Sep 16 2015 // PartnerRe Ltd., the reinsurer that agreed to a takeover by Italy’s EXOR SpA in August, said the period to contact other potential bidders has ended with no other offers. “None of the third parties contacted...
Reinsurance Execs at Rendez-Vous Question Recent High-Priced M&As
Sep 15 2015 // Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd’s of London insurance companies are paying too much. Deal-making will continue after Tokyo-based...
AssuredPartners Expands Kentucky Presence With Western Rivers Acquisition
Sep 15 2015 // AssuredPartners Inc., has acquired Western Rivers Insurance of Paducah, Kentucky and Insurance Center of Murray, Kentucky. The agency’s 22 employees will continue to operate from their current location under the...
Who Will Be Next? M&A Trends to Be Eyed at Monaco Reinsurance Meeting
Sep 11 2015 // A prolonged decline in global reinsurance prices is spurring merger moves in the sector, with many executives attending next week’s annual industry meeting in Monte Carlo eyeing who might next become predator or...
Hub Acquires Assets of California-Based Howitt Benefit Services
Sep 11 2015 // Hub International Ltd. has acquired the assets of Howitt Benefit Services in San Jose, Calif. Terms of the deal were not disclosed. Nancy Howitt, Howitt’s president and client service supervisor, will join Hub...
China’s Fosun to Raise $1.5 Billion to Fund Insurance & Banking Acquisitions
Sep 11 2015 // Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer to fund its...
Florida-Based Prepared Holdings to be Acquired by Meridian
Sep 11 2015 // Prepared Holdings, LLC, the holding company for Prepared Insurance Co., has entered into a definitive merger agreement with Meridian Insurance Holdings, Inc., a private investment group, under which Prepared will be...
Hurricane Museum Seeks to Close $15M Funding Gap
Sep 11 2015 // Ten years after back-to-back storms Katrina and Rita galvanized plans for a Lake Charles, La., museum focused on hurricanes, supporters have secured about $42 million in pledges to build it. The Advocate reports supporters...
Markel Corp. to Acquire CATCo, Bermuda-Based ILS Specialist
Sep 10 2015 // Markel Corporation and CATCo Investment Management Ltd. announced they have entered into an agreement whereby Markel will acquire substantially all of the assets of CATCo, a Bermuda-based specialist in insurance linked...
Willis Re Report: Capital Growth Eases as M&A, Capital Mgmt. Accelerate
Sep 10 2015 // In its most recent Reinsurance Market Report Willis Re, the reinsurance division of Willis Group Holdings plc, notes: “Faced with significant over-capacity and widespread pricing pressure, the growth in global...
AssuredPartners Acquires Nashville Broker Bandy Van Cleave & Williamson
Sep 10 2015 // AssuredPartners Inc. has acquired Bandy Van Cleave & Williamson of Nashville, Tenn. The agency’s staff will continue to operate from their Nashville location under the local leadership of Bob Van Cleave and Chuck...
Hub Acquires Assets of Brown Agency in Alaska
Sep 9 2015 // Hub International Ltd. has acquired the assets of Brown Agency Inc. in Kenai, Alaska. Terms of the deal were not disclosed. Brown is a multi-line agency providing commercial and personal insurance services, as well as...
Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers
Sep 9 2015 // Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., Lancashire...
North Carolina Insurance Head Urges Lawmakers Not to Cut Driver’s Ed Funding
Sep 8 2015 // North Carolina Insurance Commissioner Wayne Goodwin has spoken out against a proposal by state lawmakers to eliminate funding for driver education through public high schools as a way to help close a deficit in the state...
Pending Mergers Will Harm Health Insurance Competition: AMA
Sep 8 2015 // The nation’s doctors say the proposed mergers among four of the nation’s largest health insurance companies would violate federal antitrust guidelines and seriously erode health insurance competition. According...
BASF Case Shows How Liabilities May Emerge Long After Acquisition
Sep 8 2015 // When BASF SE acquired Engelhard Corp. nine years ago for $5 billion, executives unknowingly inherited a ticking legal time bomb. It all began decades ago over the seemingly mundane industrial product talc, used in...
Clarke Appointed PartnerRe President as Acquisition by EXOR Progresses
Sep 8 2015 // Partner Re announced that its Board of Directors has appointed Emmanuel Clarke as President of PartnerRe Ltd. effective immediately. He will be responsible for leading and managing all of the Company’s...
Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals
Sep 8 2015 // MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares surged. The...
Japan’s Mitsui Sumitomo Preparing to Buy Amlin: Report
Sep 7 2015 // Japan’s Mitsui Sumitomo Insurance Co. is in talks to buy Lloyd’s of London insurer Amlin Plc in a deal that could be announced as soon as Tuesday, according to a person with knowledge of the matter. The...
Insurers Look to Cyber, M&A Coverage as Prices Decline: Marsh
Sep 7 2015 // Commercial insurance rates continued their global decline in the second quarter of 2015, a trend driven by an abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global...
