Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
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...
