Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub International Acquires North-Carolina Based IAS Associates
Oct 6 2015 // Hub International Limited, a global insurance brokerage, has acquired the assets of IAS Associates, LLC. Terms of the acquisition were not disclosed. Based in Cary, North Carolina, IAS specializes in providing property and...
Hub Acquires Assets of California-based Johnson & Wood
Oct 5 2015 // Hub International Ltd. has acquired the assets of Carlsbad, Calif.-based Johnson & Wood Insurance Services Inc. Terms of the deal were not disclosed. Johnson & Wood President Ed Johnson, and Stuart Wood, vice...
Connecticut Insurance Dept. to Play Key Role in Proposed Anthem/Cigna Merger
Oct 5 2015 // Connecticut’s Department of Insurance is playing a major role in a deal that could create the nation’s largest health insurer, leading a 26-state review of Anthem Inc.’s proposed merger with Bloomfield,...
Consolidated Agency Partners, iPrevision to Offer Cyber Risk Management Services
Oct 2 2015 // Consolidated Agency Partners, Inc. (CAP), a preferred carrier market access firm, and iPrevision, have formed a strategic alliance to enhance the cyber and data liability coverage needs of their members and...
Texas DA Suspends Funding Agreement With Texas Mutual
Oct 2 2015 // The Travis County District Attorney’s office in Texas says it is suspending an agreement with a private insurer that had allowed the company to pay prosecutors to pursue its fraud cases. District Attorney Rosemary...
Confie Acquires Alabama, New York, Florida Brokers
Oct 2 2015 // National personal lines insurance broker Confie said it has acquired four insurance brokers with locations in Alabama, western New York and Florida. Confie acquired TS Insurance Group which specializes in non-standard auto...
BB&T Buys 16.9% Stake in London-Based Miller; Willis to Keep Majority Interest
Oct 2 2015 // BB&T IHC International Ltd. has acquired a 16.9 percent interest in Miller Insurance Services LLP, the London-based specialist wholesale insurance broking firm. BB&T, which owns the world’s sixth largest...
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...
