Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AIG Acquires Controlling Stake in ING Employee Benefits Global Network
May 20 2015 // American International Group Inc. has acquired a controlling stake in ING Employee Benefits Global Network and renamed it AIG Global Benefits Network. The network is based in Belgium. The network’s minority...
Cross Insurance Acquires Schonning Insurance in Rhode Island
May 19 2015 // Cross Insurance, an independent insurance agency based in Bangor, Maine, announced it has acquired Schonning Insurance, an independent agency in Westerly, Rhode Island. Terms of the transaction were not...
NFP Acquires Hackett Valine & MacDonald in Vermont
May 19 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced its acquisition of Hackett Valine & MacDonald Inc. (HVM)., an independent...
Update: Russell Investment Exits Joint Venture With China’s Ping An
May 19 2015 // Russell Investment Management and China’s Ping An Insurance Group said they have terminated their investment joint venture after four years, the latest sign of friction between foreign fund managers and their Chinese...
Arch Reinsurance Completes Acquisition of Dubai’s Gulf Re
May 19 2015 // Bermuda-based Arch Reinsurance Ltd., a member of Arch Capital Group Ltd., has completed the acquisition of Gulf Reinsurance Ltd. Gulf Re, a specialty reinsurer based in the Dubai International Financial Centre, was founded...
Marsh Partners with FireEye on Cyber Risk Management Program
May 18 2015 // Marsh and cybersecurity company FireEye, Inc., have collaborated to offer clients Marsh Cyber OASIS (Objective Assessment Scorecard of Information Security). This service is designed to assists clients by providing an...
EPIC Acquires Executive Financial in Southern California
May 18 2015 // Edgewood Partners Insurance Center has acquired Los Angeles, Calif.-based Executive Financial Inc. Executive Financial is an employee benefits consulting firm specializing in executive benefits, life and disability...
A.M. Best: Middle Eastern Insurance Market Primed for M&As, Stakebuilding
May 18 2015 // Merger and acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers seek to deploy surplus capital to broaden their profiles and satisfy...
Integro Acquires UK’s Kite Warren & Wilson, Marine Broker Specialist
May 15 2015 // Integro Ltd., an insurance brokerage and risk management firm based in New York City, has acquired London-based Kite Warren & Wilson Ltd., which specializes in marine hull & liability coverage and financial...
Confie Seguros Acquires 3 Brokerages in Buffalo, New York
May 15 2015 // Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, California, announced that it has acquired three new insurance brokerages in Buffalo, New York. Confie acquired three agencies in...
AssuredPartners Acquires Jones, Raphael & Oulundsen in Connecticut
May 14 2015 // AssuredPartners Inc. announced its acquisition of Jones, Raphael & Oulundsen Inc. (JRO), an independent insurance agency based in New Britain, Connecticut. Terms of the transaction were not disclosed. JRO will...
AIG Names Schreiber Chief Strategy Officer, Eyes M&A Deals
May 13 2015 // American International Group Inc. named dealmaker Brian Schreiber chief strategy officer as the insurer shifts to expanding through acquisitions after years of contracting through asset sales to repay a U.S....
IronPro Names CNA’s Reilly as Senior VP of Mergers Unit
May 13 2015 // IronPro, the U.S. professional and management liability unit of Ironshore Inc., has named Mark Reilly to the position of senior vice president, Mergers & Acquisitions. Reilly will be responsible for building the...
Italy’s Agnellis: Billionaire Family Behind PartnerRe Takeover Battle
May 13 2015 // The billionaire Agnellis will become more interested in hurricane damage and less dependent on sales of Alfa Romeo sports cars and CNH tractors if their $6.8 billion bid for reinsurer PartnerRe Ltd. is...
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...
