Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Woodruff-Sawyer Names Four New Partners From West
Feb 17 2015 // San Francisco, Calif.-based Woodruff-Sawyer & Co. has named four executives as partners: Kim Armanasco and Michelle Droz from the San Francisco office, Jared Pelissier of the Southern California office, and Brad...
Canada’s Fairfax to Acquire London-Based Brit for $1.88 Billion
Feb 17 2015 // Fairfax Financial Holdings, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit plc for some $1.88 billion to become one of the top five underwriters on the...
Specialty Insurance Group, Reel Media Partner on Entertainment Segment Offerings
Feb 13 2015 // Specialty Insurance Group (SIG) and Reel Media, LLC have formed a strategic alliance within the entertainment industry to service the specialty entertainment insurance market segments. The agreement combines the...
Ardian Agrees to Buy JLT’s Stake in Siaci St Honoré
Feb 13 2015 // Jardine Lloyd Thompson Group plc announced that Ardian has agreed to buy JLT’s 26.2 percent stake in Milestone, the holding company of Siaci St Honoré, JLT’s French associate. This offer extends to all...
RenaissanceRe Gets Regulatory Nod to Acquire Platinum Underwriters
Feb 12 2015 // RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its previously announced acquisition of Platinum Underwriters Holdings, Ltd. The transaction remains subject to...
Loeb’s Third Point Reinsurance Ltd. Shuns Acquisitions in U.S., Europe
Feb 12 2015 // Third Point Reinsurance Ltd., the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, said buying a competitor in the U.S. or Europe could clash with its business model. “One of our strengths is we can...
Technology Firm Majesco Completes Acquisition of Consultant Agile
Feb 11 2015 // Insurance technology firm Majesco said it has completed the acquisition of the insurance business of Agile Technologies, a technology consulting firm with revenues of over $9 million. In December 2014, Majesco announced...
Catlin CEO Expects Number of Mergers Among Smaller Insurers to Increase
Feb 11 2015 // Stephen Catlin, who is selling his Lloyd’s of London insurer to XL Group plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace. “Anyone who has got a market value of less than...
Confie Seguros Acquires Texas-Based Baja Auto Insurance
Feb 10 2015 // Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, Calif., announced it has acquired Baja Auto Insurance, which provides auto insurance throughout Texas. Founded in 2006 with one...
A.M. Best: Drivers Behind London Market M&A Activity to Continue
Feb 10 2015 // The changing dynamics in the specialist property/casualty sector continue to encourage merger and acquisition activity in the London market. A new briefing from A.M. Best notes that the need for insurers to leverage...
Brown & Brown Acquires Liberty Insurance Brokers in Philadelphia
Feb 9 2015 // Brown & Brown Inc. announced that its subsidiary Brown & Brown of Pennsylvania LP has acquired certain assets of Liberty Insurance Brokers Inc. and its related affiliate companies in Philadelphia. Terms of the...
Smith Brothers Insurance Acquires McMahon Co. in Connecticut
Feb 9 2015 // Smith Brothers Insurance LLC, an independent insurance agency based in Glastonbury, Connecticut, has acquired the assets of the McMahon Company Inc., an independent agency in Rocky Hill, Connecticut. Terms of the...
Houston-Based Broker, J.H. Blades, Acquires Energy Rival Burke-Daniels
Feb 9 2015 // J.H. Blades & Co. Inc., an energy-focused managing general agent based in Houston, announced it has purchased wholesale broker Burke-Daniels Co. Inc., which also specializes in the oil and gas energy sector. Terms of...
Ambridge Partners Expands Reps & Warranty Coverage for SMEs
Feb 9 2015 // Ambridge Partners, a managing general underwriter based in New York City, has formed a new team to focus on underwriting small- to medium-sized transactions. The group will be led by Jack Sinchak, underwriting manager, who...
PartnerRe Appoints Haft as Head of Catastrophe
Feb 9 2015 // PartnerRe Ltd. announced that Greg Haft has been appointed head of catastrophe, subject to Bermuda immigration approval. Based in Bermuda, Haft is responsible for PartnerRe’s worldwide catastrophe reinsurance...
Use of Distracted Driver Fines for Driver’s Ed Funding in Ohio Proposed
Feb 6 2015 // The state of Ohio is proposing more fines for distracted driving, with the money going to help subsidize driver’s education courses for those who can’t afford them. The Columbus Dispatch reports that the Drive...
PartnerRe Reports Q4 Net Income of $262.7 Million; $998.2 Million for Year
Feb 5 2015 // PartnerRe Ltd. reported net income of $262.7 million, or $5.26 per share for the fourth quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $82.1 million, or $1.64 per share. Net...
Hub International Acquires San Antonio-Based Alexander Insurance Agency
Feb 4 2015 // Chicago-based Hub International Limited (Hub), has acquired Alexander Insurance Agency (Alexander), headquartered in San Antonio, Texas. Alexander is an independent brokerage with a focus on commercial lines insurance for...
