Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market
Aug 3 2015 // OneBeacon Insurance Group is exiting the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – Climate Crop Insurance Agency...
AXIS Agrees to Terminate PartnerRe Merger; to Receive $315 Million Breakup Fee
Aug 3 2015 // AXIS Capital Holdings Limited was apparently prepared to lose out on its merger with Partner Re. The company announced, soon after the deal with EXOR was announced that it “has accepted a request from PartnerRe Ltd....
Update: EXOR to Acquire PartnerRe After Scrapping Deal with AXIS
Aug 3 2015 // EXOR SpA, the Agnelli family’s investment company, agreed to buy PartnerRe Ltd. for about $6.9 billion in its biggest single acquisition in more than a century after the reinsurer scrapped a deal with rival AXIS...
The Buckner Co. Acquires Keller-Lowry Insurance in Colorado
Aug 3 2015 // The Buckner Co. has acquired the assets of Denver, Colo.-based Keller-Lowry Insurance Inc. The deal is effective Aug. 1. Financial terms were not disclosed. Keller-Lowry specializes in manufacturing, transportation,...
Marsh Completes Acquisition of UK-Based SME Insurance Services
Aug 3 2015 // Marsh has completed its previously agreed acquisition of Leeds, England-based SME Insurance Services (SMEi), an independent broker which provides specialist commercial insurance to small and medium-sized enterprises across...
UK’s Allianz Insurance Partners with Pentura to Provide Cyber Risk Services
Jul 31 2015 // Allianz Insurance has joined forces with cyber risk management company, Pentura, to provide commercial customers with help and guidance to improve cyber security. As part of the partnership, Pentura, which is based in...
Worley Claims Services to Acquire Indiana-Based NCA Group
Jul 30 2015 // Hammond, La.-based insurance claims services provider, Worley Claims Services (Worley), is acquiring NCA Group Inc. (NCA), which provides daily and catastrophe residential and commercial property claims services throughout...
Smith Brothers Insurance Acquires Carillo & Howland in Connecticut
Jul 30 2015 // Smith Brothers Insurance LLC, an independent agency based in Glastonbury, Connecticut, announced that it has acquired the assets of Carillo & Howland Inc., an agency with locations in Windsor Locks and Somers,...
Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity
Jul 30 2015 // W.R. Berkley Corp.’s chairman and CEO slammed the surge of merger and acquisition activity hitting the property/casualty industry in recent months as something driven more by “management ego” than true...
PartnerRe ‘Now Willing’ to Open Talks with EXOR: Sources
Jul 30 2015 // PartnerRe Ltd, the reinsurance company that has a $6.6 billion merger agreement with AXIS Capital Holdings, has indicated that it is now willing to negotiate a new deal with rival suitor EXOR, SpA, according to people...
Ironshore Int’l. Appoints Bamford to Head Global M&A, Tax; Ups M&A Capacity
Jul 30 2015 // Bermuda-based Ironshore International has named Rowan Bamford as its new Global Head of Mergers & Acquisitions and Tax, effective immediately. He will oversee the M&A business lines the company’s portfolio,...
Lancashire’s CEO Maloney Dismisses Value of Merger with Larger Rival
Jul 30 2015 // Lancashire Holdings Ltd. Chief Executive Officer Alex Maloney dismissed suggestions the insurer would be better off combining with a larger competitor. “I don’t really buy the bigger is better thing,”...
Atlas General Holdings Enters Strategic Partnership With Vanbridge Holdings LLC
Jul 30 2015 // San Diego, CA, July 30 2015 – Atlas General Holdings, a California based full service insurance services company that specializes in providing commercial insurance solutions, and Vanbridge Holdings LLC, an insurance...
PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2
Jul 28 2015 // PartnerRe has enough on its plate juggling a proposed merger with AXIS Capital Holdings Ltd. and an unsolicited bid from the Italian investment firm EXOR SpA. Now there is a sizable second-quarter loss with which to...
AIG Hires Dachille as Investment Officer; Buys His Firm
Jul 28 2015 // American International Group (AIG) has named a new investment officer and is buying the new executive’s firm. Douglas A. Dachille, chief executive officer of New York City-based First Principles Capital Management,...
The Hartford’s Profit Up in Q2; CEO Addresses M&A Outlook
Jul 28 2015 // The Hartford reported core earnings of $389 million for the second quarter 2015, an increase of $245 million from $144 million in second quarter 2014. The increase was due in part to improved underwriting results with...
Hospitals, Drugmakers Could Follow Health Insurer Mergers
Jul 28 2015 // Anthem Inc’s decision to buy Cigna Corp., forming the largest U.S. health insurer by membership, will likely speed consolidation across the healthcare industry, from hospitals to drugmakers. Anthem announced its...
PartnerRe Investors Should Vote Against Merger with AXIS: Glass Lewis
Jul 28 2015 // PartnerRe Ltd. investors should vote against a planned merger with rival reinsurer AXIS Capital Holdings Ltd., proxy adviser Glass Lewis & Co. said in a recommendation that’s a victory for hostile bidder EXOR...
China Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B
Jul 27 2015 // White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127 percent of...
Senate Moves Export/Import Bank Renewal with Transportation Funding
Jul 27 2015 // The Senate advanced a proposal to extend the U.S. Export-Import Bank’s charter as part of legislation to finance highways and mass transit for three years. The 67-26 vote during an unusual Sunday session moves...
