Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Holders Should Reject Merger with AXIS, Favor EXOR Deal, ISS Says
Jul 27 2015 // PartnerRe Ltd. investors should reject a planned merger with rival reinsurer AXIS Capital Holdings Ltd. and instead opt for a bid of more than $6.7 billion from Italy’s EXOR SpA, ISS Proxy Advisory Services said in a...
Anthem to Buy Cigna, Creating Largest U.S. Health Insurer by Membership
Jul 24 2015 // Anthem Inc. said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership. The deal – the biggest ever in the health insurance industry – comes...
Generali Acquires MyDrive Solutions, a UK Data Analysis Firm
Jul 24 2015 // Trieste-based Generali Group announced that it has acquired MyDrive Solutions, a UK company that uses data analytics tools to profile driving behavior. MyDrive Solutions, which was founded in 2010, specializes in...
DUAL Acquires Oliva Underwriting, UK-based MGA
Jul 24 2015 // DUAL, the underwriting arm of the Hyperion Insurance Group, announced it has acquired Oliva Underwriting, the UK-based MGA specializing in property & casualty, contractor trades and marine insurance. The acquisition...
Willis Partners with HITRUST to Address the Healthcare Industry’s Cyber Exposures
Jul 23 2015 // The Health Information Trust Alliance (HITRUST), an organization supporting the healthcare industry in advancing the state of information protection, has partnered with Willis North America to identify a common approach...
AssuredPartners Acquires Founders Insurance Group in Connecticut
Jul 22 2015 // AssuredPartners Inc. announced today its acquisition of Founders Insurance Group, an independent agency with locations in Torrington and Lakeville, Connecticut. Terms of the transaction were not disclosed. Founders...
Teague Acquires C. Lee Williams in Southern California
Jul 22 2015 // Teague Insurance has acquired C. Lee Williams Insurance, a pair agencies that have been located in the San Diego, Calif. area for more than 50 years. Terms of the deal were not disclosed. C. Lee Williams was founded in...
Alliant Acquires Garibaldi in Central California
Jul 22 2015 // Alliant Insurance Services has acquired Todd Garibaldi Insurance Agency Inc. in Lodi, Calif. Terms of the deal were not disclosed. Garibaldi will join Alliant as senior vice president in agribusiness and food services....
AXIS CEO Halts Merger Activities as PartnerRe Seeks to Negotiate with EXOR
Jul 22 2015 // AXIS Capital Holdings Ltd. and PartnerRe Ltd. halted preparations for their planned merger after PartnerRe said it is seeking to negotiate with hostile bidder EXOR SpA. “As a result of this latest news, we have...
AXA Enters Exclusive Negotiations to Buy Genworth Lifestyle Protection Insurance
Jul 22 2015 // Paris-based AXA has entered into exclusive negotiation with Genworth Financial to acquire 100 percent of Genworth Lifestyle Protection Insurance (Genworth LPI), for a total cash consideration of 475 million euros. Genworth...
Update: PartnerRe Reverses Stance, Seeks Talks with Hostile Bidder EXOR
Jul 21 2015 // PartnerRe Ltd., the reinsurer that agreed to merge with AXIS Capital Holdings Ltd., said it will enter negotiations with hostile bidder EXOR SpA after the Italian company’s latest cash offer for more than $6.7...
CFC Partners With Cyber Security Ratings Firm to Evaluate Insureds’ Cyber Risk
Jul 20 2015 // Specialist lines underwriting agency CFC has formed a partnership with cyber security ratings agency, BitSight Technologies. CFC will use BitSight’s ratings tool to provide insight into the cyber threats that their...
Update: EXOR Lifts PartnerRe Bid, Breaking Elkann Vow on Final Offer
Jul 20 2015 // EXOR SpA has raised its hostile bid for PartnerRe Ltd. months after saying it had made its final offer to break up the reinsurer’s merger with AXIS Capital Holdings Ltd. The latest proposal adds a special dividend of...
Zywave Acquires Insurance Agency Digital Marketing Firm Intygral (Astonish)
Jul 20 2015 // Insurance software provider Zywave said it has completed the asset purchase of Intygral, formerly Astonish, a provider of automated marketing for property/casualty personal lines brokers. Terms of the transaction were not...
Gallagher Buys 65% of ARM Re, Colombian Energy & Construction Specialist
Jul 20 2015 // Arthur J. Gallagher – the international division of Arthur J. Gallagher & Co. – has extended its investment in Latin America with a 65 percent shareholding in independent Colombian energy and construction...
Timeline: Sweetened AXIS Bid Brings Battle for PartnerRe to Boiling Point
Jul 20 2015 // The tussle between AXIS Capital Holdings Ltd. and EXOR SpA for control of Bermuda-based reinsurer PartnerRe Ltd. could be drawing to a close after a bidding war that began four months ago. AXIS and PartnerRe improved the...
Re/insurance Market Conditions Will Lead to More M&A Activity: A.M. Best
Jul 20 2015 // Merger and takeover activity is likely to continue in the coming months as re/insurers increasingly seek ways to deploy capital and create scale against a backdrop of ongoing soft market conditions and weak investment...
Automakers Seek to Limit Data Sharing with Tech Partners
Jul 20 2015 // Carmakers are limiting the data they share with technology partners Apple Inc. and Google Inc. through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers...
ACE to Acquire Chubb in $28.3 Billion Deal
Jul 20 2015 // In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The balance sheet’s size and strength will elevate the combined company into the elite group of global...
Brown & Brown Acquires RF Ougheltree & Associates in New Jersey
Jul 17 2015 // Brown & Brown Inc. announced that its wholesale brokerage division, Hull & Company, has acquired certain assets of RF Ougheltree & Associates LLC in Lyndhurst, New Jersey. Terms of the transaction were not...
