Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
World Insurance Associates Acquires John Cecchettini Agency in New Jersey
Mar 4 2015 // World Insurance Associates LLC, an independent insurance agency based in Tinton Falls, New Jersey, completed its acquisition of the John Cecchettini Agency of South Plainfield, New Jersey. Terms of the transaction were not...
Hilb Group Acquires Florida-Based West Coast Insurance
Mar 4 2015 // The Hilb Group, LLC (THG) has acquired West Coast Insurance (WCI) of Tampa, Fla. The transaction became effective on March 1. WCI will continue to operate at its current location under the leadership of previous owner and...
AmTrust Financial Services Completes CorePointe Insurance Acquisition
Mar 3 2015 // AmTrust Financial Services Inc. has completed the acquisition of Michigan-based CorePointe Insurance Co. Established in 1964, and located in Birmingham, Mich., CorePointe is a specialty property/casualty insurance company...
Georgia’s State Bank & Trust Acquires Boyett Agency, Creates Insurance Division
Mar 3 2015 // State Bank and Trust Co., a wholly-owned subsidiary of State Bank Financial Corp., has launched an insurance division to offer State Bank customers a range of personal and commercial insurance products. State Bank enters...
Merger of Hyperion & R K Harrison Approved by Boards, Shareholders
Mar 3 2015 // Hyperion Insurance Group Limited and R K Harrison Holdings Limited announced the signing of the terms of agreement for the merger of the two London-based businesses, following approval by the two companies’...
JLT Australia Buys Recovre, a Provider of Workplace Health & Safety Services
Mar 3 2015 // JLT Australia, a subsidiary of Jardine Lloyd Thompson Group plc, announced it has agreed to acquire 100 percent of the shares of Recovre Group from Hawkesbridge Capital. Recovre is a leading national provider of workplace...
MedMal Direct to Expand Through Liberty Mutual Partnership
Mar 3 2015 // Jacksonville, Fla.-based MedMal Direct Insurance Co. formed a strategic alliance with Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance, effective January 1, 2015. As a quota share reinsurer...
Arthur J. Gallagher Acquires Excel Insurance, Metcom Excess in N.J.
Mar 2 2015 // Arthur J. Gallagher & Co. announced the acquisition of two New Jersey-based wholesale brokers: Excel Insurance Services Inc., located in Hamilton; and McCloskey Surplus & Excess Inc. (d/b/a Metcom Excess),...
RenaissanceRe Completes Acquisition of Platinum Underwriters
Mar 2 2015 // RenaissanceRe Holdings Ltd. announced that it has completed its acquisition of Platinum Underwriters Holdings Ltd. The acquisition was originally announced on November 24, 2014. “The combination of RenaissanceRe and...
Amlin, Hiscox Say They Plan to Remain Independent Amid Flurry of M&As
Mar 2 2015 // Lloyd’s of London insurers Amlin plc and Hiscox Ltd. both said they have enough scale to stay independent and see no need to find a buyer amid a flurry of deals in the industry. Both insurers reported lower full-year...
ACE Forms Travel Insurance Partnership with Transavia Airlines
Mar 2 2015 // ACE Group has signed a partnership agreement with Transavia to provide the airline’s customers with travel and flight cancellation insurance cover. Transavia, based in The Netherlands, is a member of the Air France...
Fairfax Financial to Benefit From its Acquisition of Brit plc: Moody’s Report
Feb 27 2015 // The proposed acquisition of Brit plc by Fairfax Financial Holdings is “credit positive” for Fairfax, according to Moody’s, which noted that the deal will significantly boost Fairfax’s underwriting...
Administrative Strategies Partners with Aon Cornerstone
Feb 26 2015 // Fishers, Ind.-based Administrative Strategies announced a partnership with Aon Cornerstone, a business unit of Aon plc that focuses on fostering strategic alliances with minority business enterprises. Administrative...
Brit Chief Says Excess Capital Will Spark More Mergers & Acquisitions
Feb 26 2015 // Brit plc Chief Executive Officer Mark Cloutier said an excess of insurance industry capital will force more executives to sell or merge their companies. Cloutier said Brit’s planned $1.88 billion sale to Prem...
Willis Signs Indian Market Joint Venture with Almondz Insurance Brokers
Feb 25 2015 // Willis Group Holdings plc announced that it has agreed to purchase a 49 percent stake in Almondz Insurance Brokers Private Limited, an Indian insurance broker with nearly 300 associates in nine offices in India serving...
Platinum’s Ratings Remain on CW Positive Pending RenRe Acquisition: S&P
Feb 25 2015 // Standard & Poor’s Ratings Services has maintained its ‘BBB’ long-term counterparty credit rating on Bermuda-based Platinum Underwriters Holdings Ltd. on CreditWatch with positive implications. S&P...
PIA of Florida Partners with Windhaven to Provide Additional Market Access
Feb 23 2015 // The Professional Insurance Agents of Florida and Windhaven Insurance have formed a partnership that gives PIA members a direct appointment to write policies with Windhaven Insurance upon meeting minimal criteria. The PIA...
AXA to Acquire 7% of Africa Re to Increase Pan-African Exposure
Feb 23 2015 // AXA has entered into an agreement to acquire a 7.15 percent stake in African Reinsurance Corporation, the leading reinsurance company in Africa. Under the terms of the agreement, the total cash consideration payable at...
Business Risk Partners Hires Simmons as E&O Manager in Connecticut
Feb 20 2015 // Bruce Simmons Business Risk Partners, a program administrator in specialty insurance, has hired Bruce Simmons as errors and omissions (E&O) manager for miscellaneous professional liability (MPL) and cyber liability...
AXA Buys London Pinnacle Site for Redesigned Skyscraper
Feb 20 2015 // AXA Real Estate Investment Managers, the property unit of France’s AXA Group, has bought the London site of the halted Pinnacle skyscraper and plans to build a tower of its own design. The building at 22 Bishopsgate...
