Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
EXOR Says Remains ‘Fully Committed’ to Spurned PartnerRe Offer
May 4 2015 // Italy’s EXOR said on Monday it remained fully committed to its $6.4 billion offer for PartnerRe after the Bermuda-based reinsurer rejected its attempt to trump a rival bid by AXIS Capital Holdings. EXOR’s...
Oklahoma-Based The Holmes Organisation Acquired by Hub
May 4 2015 // Hub International Limited (Hub) subsidiary Hub International Midwest Limited (Hub Midwest) has acquired the assets of The Holmes Organisation (Holmes), a Tulsa, Okla.-based multi-line property and casualty, employee...
PartnerRe Rejects EXOR Offer; Confirms AXIS Deal w/ Enhanced Terms
May 4 2015 // Bermuda-based PartnerRe Ltd. announced that its Board of Directors has rejected the unsolicited proposal by EXOR S.p.A. to acquire PartnerRe at a price of $130 per share, and reconfirmed its commitment to the planned...
Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B
May 4 2015 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn’t already own in the...
How Analytics Technology Can Speed Integration Post-M&A
May 4 2015 // The record number of merger and acquisition (M&A) transactions involving insurance brokers and agents throughout the United States in the past year underscores the imperative for these firms to accelerate growth and...
Arthur J. Gallagher Acquires Midwest Healthcare Consulting Firm
May 1 2015 // Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Integrated Healthcare Strategies located in Kansas City, Mo., and Minneapolis, Minn. Terms of the transaction were not disclosed. With operations dating back to...
Statement of XL CEO McGavick on Closing of Merger with Catlin
May 1 2015 // XL Group plc CEO Mike McGavick has issued the following statement upon the closing of the acquisition of the Catlin Group by XL. Dear Valued Partner: On behalf of Stephen Catlin and myself, I’m proud to let you know...
U.K. Intermediaries Hyperion and R K Harrison Complete Merger
May 1 2015 // London-based intermediaries Hyperion Insurance Group Limited* and R K Harrison Holdings Limited (RKH) have completed the merger of their two businesses, following receipt of applicable regulatory and legal...
Esurance Becomes Baseball’s Exclusive Auto Insurance Partner
Apr 29 2015 // Esurance has become Major League Baseball’s exclusive auto insurance partner in a multiyear agreement that includes title sponsorship of the sport’s new all-digital All-Star balloting. Neither MLB nor Esurance,...
UK Regulator Approves Xchanging’s Acquisition of Agencyport Europe
Apr 29 2015 // Business technology and services provider Xchanging plc announced that the UK’s Competition and Markets Authority (CMA) has delivered its formal decision to clear the completed acquisition of Agencyport...
PartnerRe Ducks Questions in Call on EXOR’s $6.4 Billion Offer
Apr 29 2015 // PartnerRe Ltd., the reinsurer that agreed to combine with AXIS Capital Holdings Ltd., said it would refuse to answer questions on its first-quarter earnings call about the unsolicited $6.4 billion buyout offer from EXOR...
Meadowbrook Insurance Shareholders Approve Acquisition by Fosun
Apr 28 2015 // Meadowbrook Insurance Group, Inc., headquartered in Southfield, Mich., announced that the group’s shareholders have formally approved the pending acquisition of Meadowbrook by Fosun International Limited. In late...
PartnerRe Reports $231.7 Million Q1 Net Earnings; $150.5 Operating
Apr 28 2015 // Bermuda-based PartnerRe Ltd. reported net income of $231.7 million, or $4.76 per share for the first quarter of 2015. The figure includes net after-tax realized and unrealized gains on investments of $100.3 million, or...
Willis Ratings ‘Not Affected’ by Gras Savoye Proposed Acquisition: S&P
Apr 24 2015 // Standard & Poor’s Ratings Services said that its ratings on Willis Group Holdings plc (BBB-/Positive/–) “are not affected by the company’s proposed acquisition of the remaining 70 percent that...
Karon Joins TigerRisk Partners as Vice Chairman
Apr 23 2015 // Reinsurance broker TigerRisk Partners has appointed industry veteran Paul Karon as vice chairman. In his new role, Karon will be a “senior leader, dealmaker, mentor and strategic advisor” to the Tiger...
Willis CEO: Gras Savoye Acquisition Part of Strategy to Expand Global Reach
Apr 23 2015 // Willis Group Holdings plc, the third-largest insurance broker, offered to buy the 70 percent of Gras Savoye that it doesn’t already own to expand in France, Eastern Europe and the Middle East. Willis will pay 550...
A.J. Gallagher Acquires Majority Stake in Chilean Marine Specialist Bareyre
Apr 22 2015 // Arthur J. Gallagher – the international broking division of Arthur J. Gallagher & Co. outside of the United States – announced that it has “deepened its investment in Latin America by purchasing a majority...
Mental Health Funding Cuts Stir Outcry in Connecticut
Apr 21 2015 // Connecticut Gov. Dannel P. Malloy’s proposal to cut money from a state grant program to community mental health and substance abuse providers is prompting an outcry from advocates and families of Newtown massacre...
AssuredPartners Completes Acquisition of Platinum Planning in New Jersey
Apr 20 2015 // AssuredPartners Inc. announced last week that it has completed the acquisition of Platinum Planning (doing business as Walsh Benefits). Terms of the transaction were not disclosed. Walsh Benefits operates in the New Jersey...
CGSC in Partnership with GC do Brasil for Wholesale and New Products
Apr 20 2015 // Cooper Gay Swett & Crawford (CGSC), the independent global wholesale, underwriting management and reinsurance broker, announced that it has concluded a partnership deal with Brazilian broker network GC do Brasil...
