Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Global Reinsurance M&A – A Strategy or an Ultimatum? Best’s Briefing
Feb 20 2015 // A.M. Best has released a briefing exploring the recent wave of merger and acquisition (M&A) activity in the global reinsurance industry and how it reflects on reinsurance companies’ “desire for scale to...
Fairfax to Sell Shares for Brit Acquisition to Protect Credit Rating
Feb 20 2015 // Fairfax Financial Holdings Ltd.’s Prem Watsa, who said this week that issuing stock was one of his last options for financing the purchase of Brit plc, opted days later to sell shares and guard his company’s...
Integro Acquires E&O Specialist Firm in California
Feb 19 2015 // Integro Ltd. has acquired E&O Professional Risk Management and Insurance Services Inc. of Mission Viejo, Calif. Terms of the deal were not disclosed. E&O Pros founder and CEO Sheri Pontolillo will lead the E&O...
AssuredPartners Acquires Amtech Insurance Brokers in New York
Feb 19 2015 // AssuredPartners Inc. has acquired Amtech Insurance Brokers in Latham, New York. Terms of the transaction were not disclosed. Amtech has been providing commercial insurance and risk management services for businesses for...
Sens. Schumer, Blumenthal Seek More Funding for Railroad Crossing Safety
Feb 18 2015 // The government should spend more money safeguarding railroad crossings that are “accidents waiting to happen,” two U.S. senators said on Feb. 15. Sens. Charles Schumer and Richard Blumenthal spoke at New...
FBinsure Acquires Newbury Insurance Agency in Massachusetts
Feb 18 2015 // FBinsure, an independent insurance agency based in Taunton, Massachusetts, announced that it has acquired Henry L. Newbury Insurance Agency, an independent agency in North Attleboro, Massachusetts. Terms of the transaction...
RSA Sells 26% Holding in India’s Royal Sundaram Alliance Insurance
Feb 18 2015 // RSA Insurance Group plc announced that it agreed the sale of its 26 percent holding in Indian insurer Royal Sundaram Alliance Insurance Company Limited to Sundaram Finance Limited, its joint venture partner. RSA expects to...
Arthur J. Gallagher Acquires Cohn Financial in Arizona
Feb 17 2015 // Arthur J. Gallagher & Co. has acquired Cohn Financial Group LLC located in Phoenix, Ariz. Terms of the deal were not disclosed. Michael Cohn and his associates will continue to operate in their current location under...
