Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Patriot National Buys Software Firm, Vikaran, and India Development Unit
Apr 20 2015 // Florida-based workers’ compensation outsourcing services firm Patriot National Inc. has acquired Vikaran Solutions, a Chicago-based insurance technology company, and its Pune, India-based software development center,...
Willis Takes On Big Banks Seeking Asia M&A under Walkiewicz and Guo
Apr 20 2015 // Willis Group Holdings plc’s Rafal Walkiewicz and Michael Guo, who were promoted last week to lead the investment-banking operation, are focusing on Asia as they vie with Wall Street in advising insurance...
Caribbean, Central American Countries Sign Cat Risk Insurance Partnership
Apr 20 2015 // The Council of Ministers of Finance of Central America, Panama and the Dominican Republic (COSEFIN) and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) have signed a memorandum of understanding that...
Merger and Acquisition Activity
Apr 20 2015 // January to March 2015 Announced Date Buyer Seller 01/01/15 AAA Allied Group Inc. Gateway Potter Insurance 01/01/15 Acrisure LLC Arthur Chernick Co. Inc. 01/15/15 Acrisure LLC Sinatro Agency One LLC 02/28/15 Acrisure...
Merger & Acquisition Activity Continues to Climb
Apr 20 2015 // Acquisition activity for the first quarter of 2015 reached 90 deals, a record for the first three months of the year. We saw the same number of transactions announced during the fourth quarter of 2014, typically the most...
MTM Insurance Acquires Minichiello Insurance in Massachusetts
Apr 17 2015 // MTM Insurance Associates, an independent insurance agency based in North Andover, Massachusetts, announced its acquisition of Minichiello Insurance Agency, an independent agency in Bradford, Massachusetts. Terms of the...
Arthur J. Gallagher Acquires Madison Risk & Insurance Services in California
Apr 17 2015 // Arthur J. Gallagher & Co. has acquired Madison Risk & Insurance Services in Huntington Beach, Calif. Terms of the deal were not disclosed. Madison is a retail insurance broker providing property/casualty and risk...
TigerRisk Partners Appoints Ursano President
Apr 17 2015 // TigerRisk Partners LLC, the reinsurance broking and risk/capital management firm, announced that it has appointed Tony Ursano, a veteran investment banker and reinsurance expert, as its President. He will help “grow...
EXOR Shuns Hedge Fund Strategy With $6.4 Billion Buyout Plan of PartnerRe
Apr 17 2015 // The Agnelli family’s EXOR SpA, known for investments in cars and soccer, is dismissing the prevailing reinsurance strategies as it seeks to push into the industry with a $6.4 billion takeover. EXOR is shunning the...
PartnerRe Investor Fund Describes EXOR Bid as ‘Much Superior’ to AXIS Deal
Apr 17 2015 // PartnerRe Ltd.’s second-biggest shareholder, Franklin Mutual Advisers LLC (FMA), said Exor SpA’s offer for the Bermuda-based reinsurer was “much superior” to a deal with Axis Capital Holdings Ltd...
Ascension Acquires Belvedere Pacific in California
Apr 15 2015 // Ascension Insurance Inc. has acquired Belvedere Pacific Insurance Services in Corte Madera, Calif. Belvedere Pacific is a full-service employee benefits and insurance brokerage. Belvedere Pacific Principal Michael Stallone...
Update: Italy’s EXOR Offers $6.4 Billion for PartnerRe in Threat to AXIS Deal
Apr 14 2015 // Italy’s billionaire Agnelli family, with a $6.4 billion unsolicited bid for PartnerRe Ltd., is seeking to thwart its target’s planned merger with AXIS Capital Holdings Ltd. EXOR SpA, the Turin-based investment...
Travelers to Buy Majority Interest in P&C Business of Brazil Joint Venture
Apr 13 2015 // The Travelers Companies Inc. announced that it has agreed to acquire a majority interest in the property and casualty business of its J. Malucelli Participações em Seguros e Resseguros S.A. joint venture in Brazil. J....
Vertafore, Microsoft Partner to Provide Agents Access to Dynamics Platform
Apr 10 2015 // Insurance software provider Vertafore has partnered with Microsoft to give insurance agents access to the capabilities of the Microsoft Dynamics CRM (customer relationship management) platform. The partnership is designed...
Bryn Mawr Bank Acquires Robert J. McAllister Agency in Pennsylvania
Apr 9 2015 // Bryn Mawr Bank Corp. in Bryn Mawr, Pennsylvania, announced its acquisition of Robert J. McAllister Agency Inc., an independent insurance agency in Rosemont, Pennsylvania. Terms of the transaction were not...
Patriot National Acquires Hospitality Supportive Systems in Pennsylvania
Apr 9 2015 // Fort Lauderdale, Florida-based workers’ compensation services provider Patriot National Inc. announced that it has acquired the assets of Hospitality Supportive Systems (HSS), a Springfield, Pennsylvania-based...
Beazley, Korean Re Form Partnership; Create Special Purpose Lloyd’s Syndicate
Apr 9 2015 // Beazley and Korean Re announced a partnership to develop business together and to establish a special purpose syndicate at Lloyd’s, Syndicate 6050. Under the agreement, Syndicate 6050 will write a whole account quota...
Hub International Acquires Assets of ‘N Compass Group in New Mexico
Apr 8 2015 // Hub International Limited has acquired the assets of Las Cruces, New Mexico–based ‘N Compass Group Inc.. ‘N Compass provides employee benefits insurance and consulting services to the Las Cruces and El Paso...
Texas-Based Energy MGAs Partner with Wild Well Control for Pollution Control
Apr 8 2015 // Houston-based upstream oil and gas energy managing general agent (MGA), J.H. Blades & Co. Inc., Swett & Crawford’s Dallas energy team and the recently-acquired Burke Daniels Inc., have joined forces with Wild...
DUAL Marine & Energy Forms Underwriting Partnership With CNA Hardy
Apr 8 2015 // DUAL, the international underwriting agency, announced its global marine and energy business has started underwriting with support from CNA Hardy’s Lloyd’s syndicate. DUAL is the underwriting arm of Hyperion...
