Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
XL Group Posts Q2, 1st HY Earnings; Boosted by Catlin Acquisition
Aug 4 2015 // XL Group’s second quarter report showed a net decrease in operating income to $245.8, compared to $279.6 million in Q2 2014. For the first half of 2015 XL reported operating earnings of $440 million, down from $518...
Arthur J. Gallagher Completes Acquisition of William Gallagher in Boston
Aug 3 2015 // Arthur J. Gallagher & Co. announced today that it has completed its previously disclosed acquisition of William Gallagher Associates Insurance Brokers Inc. in Boston. Arthur J. Gallagher & Co. previously...
NFP Acquires BWD Group in New York
Aug 3 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today its acquisition of BWD Group LLC in Plainview, New York. Terms of the...
Marsh & McLennan Agency Acquires Cline Wood in Kansas City
Aug 3 2015 // Marsh & McLennan Agency LLC (MMA) has acquired Cline Wood Agency, a suburban Kansas City-based independent specialty insurance agency. Terms of the transaction were not disclosed. Founded in 1984, Cline Wood...
Confie Acquires Schunke Insurance Agency, Reynolds & Reynolds in New York
Aug 3 2015 // Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, announced its acquisition of Schunke Insurance Agency Inc. in West Seneca, New York, and Reynolds & Reynolds Agency...
AmWINS Group Acquires The III Group in Pennsylvania
Aug 3 2015 // Wholesale broker AmWINS Group Inc. announced today its acquisition of The III Group, a managing general agent and wholesale broker based in Glenside, Pennsylvania. Terms of the transaction were not disclosed. Founded in...
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...
