Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PartnerRe Is Reviewing Enhanced Rival Bid From EXOR
May 13 2015 // Bermuda-based PartnerRe Ltd. has confirmed it has received a revised offer from EXOR SpA to acquire all of the outstanding common shares of the company for $137.50 per share in cash. Consistent with its fiduciary duties...
Hub International Acquires Assets of Framberger in California
May 12 2015 // Hub International Ltd. has acquired the assets of Framberger Employee Benefits & Insurance Services Inc. in San Luis Obispo, Calif. Terms of the deal were not disclosed. The agency will become part of the California...
Liberty Insurance Associates Joins ANE as Equity Partner in New Jersey
May 12 2015 // ANE (Agency Network Exchange LLC), a network of independently owned and operated insurance agencies, announced that Liberty Insurance Associates Inc., an independent agency based in Millstone Township, New Jersey, has...
EPIC Acquires Sorci Insurance Brokerage in California
May 12 2015 // Edgewood Partners Insurance Center has acquired Sorci Insurance Brokerage Inc., a specialist in providing comprehensive workers’ compensation insurance services to new car auto dealers in California. Sorci Insurance...
EXOR Raises Bid for PartnerRe by 5.8%, Aiming to Overcome Rival AXIS Offer
May 12 2015 // EXOR SpA upped the ante in the takeover battle for PartnerRe Ltd., raising its bid by 5.8 percent to overcome a rival offer from AXIS Capital Holdings Ltd. EXOR, the investment vehicle of Italy’s billionaire Agnelli...
Swiss Re sigma Report Examines Role of Insurance in M&A Deals
May 12 2015 // A new sigma report –”M&A in insurance: start of a new wave?” – from Swiss Re points out that “merger and acquisition (M&A) activity in the insurance industry is rising although the number...
XL Appoints Citigroup Veteran McQuade as Chairman After Catlin Acquisition
May 12 2015 // XL Group plc, the insurer that acquired Catlin Group Ltd., named Citigroup Inc. veteran Eugene McQuade as chairman as the company prepares for increased regulatory scrutiny. McQuade, a director since 2004, replaces Robert...
Equity Risk Partners Names Gilleland Senior Vice President in California
May 11 2015 // Equity Risk Partners has named Kirk Gilleland a senior vice president in property/casualty in the firm’s San Francisco office. Gilleland has more than 20 years of experience in mergers and acquisitions due diligence,...
Candid Investigation Services Acquired by Patriot National
May 11 2015 // Patriot National Inc., based in Fort Lauderdale, Fla., has acquired Candid Investigation Services LLC, an insurance risk management firm that operates in New Mexico and Texas. Candid Investigation Services provides...
AXIS Said to Value PartnerRe Deal by Viewing Montpelier, Catlin Acquisitions
May 11 2015 // AXIS Capital Holdings Ltd., seeking to complete a merger with PartnerRe, is highlighting the prospects for growth of a combined company. AXIS projects the post-merger market valuation will reach a level akin to those of...
Brown & Brown Acquires Assets from Bellingham Underwriters in Washington
May 11 2015 // A subsidiary within Brown & Brown Inc.’s national programs division has acquired certain assets of Bellingham Underwriters Inc. in Washington. Bellingham Underwriters is a managing general underwriter that...
China’s Fosun Plans to Raise $1 Billion to Fund Insurance Industry Acquisitions
May 11 2015 // Fosun International Ltd., the Chinese conglomerate that’s been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will sell the shares...
Italy’s EXOR to Consider Increasing $6.4B Offer for PartnerRe: Sources
May 11 2015 // Italy’s EXOR SpA will consider raising its $6.4 billion offer for reinsurer PartnerRe Ltd at a board meeting on Tuesday, two sources told Reuters. The Italian holding company, controlled by the Agnelli family, made...
WSS Senior Broker Andrea Zenner Awarded IBA Outstanding Company Partner of the Year
May 11 2015 // Plano, TX, May 11, 2015 – In an event held in Glendale, California on April 30th, 2015, the IBA awarded Board Member Andrea Zenner their 10th annual Outstanding Company Partner of the Year Award for her having been...
Florida-Based Baldwin Risk Partners Appoints Wiebeck as CFO
May 8 2015 // Baldwin Risk Partners (BRP), a privately-held insurance and risk management holding company based in Tampa, Fla., has appointed Kris Wiebeck as chief financial officer. Wiebeck will oversee finance, mergers and...
Integro Acquires Energy Insurance Brokers in New York
May 7 2015 // Integro Ltd., an insurance brokerage and risk management firm based in New York City, announced an addition to its Trade & Logistics practice with the acquisition of Energy Insurance Brokers (EIB) in East Greenbush,...
A.J. Gallagher Builds Retail Presence in Chile With Majority Stake in QRM
May 7 2015 // Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has expanded its retail presence in Chile by purchasing a majority shareholding in independent broker...
Constellation Acquiring Medical Professional Liability Insurer Arkansas Mutual
May 6 2015 // Constellation, a mutual holding company, announced that Little Rock-based medical professional liability insurance provider, Arkansas Mutual Insurance Co., is joining its family of companies. Arkansas Mutual will be the...
Risk Strategies Acquires Chicago-Based Northwest Comprehensive
May 6 2015 // Boston-based insurance brokerage and risk management firm, Risk Strategies Co., has acquired Northwest Comprehensive Inc., a full service employee benefits insurance brokerage and consulting firm headquartered in...
V3 Insurance Partners Launches Program for Auto Rental Industry
May 6 2015 // V3 Insurance Partners LLC has introduced Rental V₃antage, a new multi-line insurance program for the daily auto rental industry, including nationally franchised rental agencies and independent auto rental...
