Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Japanese Insurers Eye More Acquisitions in U.S.
Jul 17 2015 // Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home forces them to pursue...
Update: AXIS Capital, PartnerRe Sweeten Deal with Higher Special Dividend
Jul 16 2015 // Specialty insurer and reinsurer AXIS Capital Holdings Ltd and PartnerRe Ltd agreed to sweeten the terms of their merger agreement to fend off a rival bid from Italy’s EXOR SpA. The companies agreed on Thursday to...
Willis to Acquire PMI Health Group, UK-Based Healthcare Adviser & Broker
Jul 16 2015 // Willis Group Holdings plc announced an agreement to acquire PMI Health Group (PMIHG), an independent healthcare adviser and broker in the UK. Willis said the deal will significantly raise the company’s presence in...
Xuber’s Bermuda Roundtable White Paper Summarizes Executives’ View of M&A
Jul 15 2015 // Xuber, Xchanging’s insurance software business, has gathered a report, which reveals that “insurance executives in Bermuda are questioning the long-term benefits of the current spate of mergers and acquisitions...
USI Acquires El Paso’s Alexander & Assoc. Insurance Services
Jul 14 2015 // USI Insurance Services (USI) has acquired the property/casualty business of Alexander & Associates Insurance Services LLC (Alexander & Associates) in El Paso, Texas. The Alexander & Associates team, including...
Hub International Acquires Kansas-Based Group Benefit Specialists
Jul 14 2015 // Hub International Limited (Hub) has acquired Group Benefit Specialists (GBS), a Wichita, Kan.-based employee benefits brokerage. Terms of the acquisition were not disclosed. The GBS team will continue to operate from their...
