Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Xuber Reinsurance Survey Focuses on Regulation and M&A
May 27 2015 // Many in the reinsurance industry feel the business is becoming over-regulated and London is getting expensive as the center of the industry Xuber, Xchanging’s insurance software business, recently released its second...
Patriot National Acquires Brandywine Insurance Advisors in Pennsylvania
May 26 2015 // Fort Lauderdale, Florida-based Patriot National Inc. announced that it has acquired Brandywine Insurance Advisors, a specialty insurance brokerage focusing on the construction industry. Patriot National said the total...
PartnerRe Board Slammed by Activist Hedge Fund for Rejecting EXOR Bid
May 22 2015 // Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, said PartnerRe Ltd. directors hurt shareholders by pushing a merger with AXIS Capital Holdings Ltd. rather than talks with a hostile...
Keystone Takes on Two New Missouri Partners
May 22 2015 // Keystone Insurers Group welcomed Springfield, Mo.-based agency Barker Phillips Jackson as its second franchise partner in the state and Winter-Dent & Company of Jefferson City as its third. Earlier in the week Keystone...
Arthur J. Gallagher Acquires James R. Weir in Minnesota
May 22 2015 // Arthur J. Gallagher & Co. has acquired James R. Weir Insurance Agency Inc. in Mankato, Minn. Terms of the deal were not disclosed. Jay Weir, Michael Donohoe and their associates will continue to operate from their...
PartnerRe Shareholders to Decide on AXIS Bid; Board Rejects EXOR Offer
May 22 2015 // PartnerRe Ltd. said in a statement on Friday that its suitor EXOR has rejected any negotiations to raise its $6.8 billion hostile offer. As a result, the Bermuda-based PartnerRe said it will ask shareholders to vote on the...
Montpelier Re to Hold Special Shareholders’ Meeting on Endurance Acquisition
May 22 2015 // Bermuda-based Montpelier Re Holdings Ltd announced that it has scheduled a special general meeting of its shareholders to “consider and vote upon a proposal to approve the previously announced Agreement and Plan of...
AXA to Acquire Large Commercial Risks Subsidiary of SulAmérica
May 22 2015 // AXA announced it has entered into an agreement with SulAmérica SA to acquire 100 percent of its large industrial and commercial risks insurance subsidiary, SulAmérica Companhia de Seguros Gerais, for 135 million...
EXOR Refuses to Sweeten $6.8 Billion Offer to Acquire PartnerRe
May 22 2015 // EXOR SpA, the investment vehicle of Italy’s Agnelli family, reiterated that it won’t sweeten a $6.8 billion offer to buy PartnerRe Ltd. as the reinsurer demands a higher price to abandon a merger deal with AXIS...
NFP Acquires Horenberg Insurance Services in Maryland
May 21 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced it has acquired Horenberg Insurance Services Inc., an independent agency in...
Brokerslink Signs Partnership Pact with African Insurer Saham Finances
May 21 2015 // Independent broker network Brokerslink has signed a three year strategic partnership agreement with pan-African insurance group, Saham Finances. The bulletin said the agreement one of the biggest pan-African insurance...
AXIS Says Termination Fee Would Soften Blow if PartnerRe Deal Collapses
May 21 2015 // AXIS Capital Holdings Ltd. Chief Executive Officer Albert Benchimol, who’s working to complete a merger with PartnerRe Ltd., said his company can withstand a collapse of the deal and that a termination fee would...
Insurance Council of Texas Partners With Police For Crime Prevention Program
May 20 2015 // The Insurance Council of Texas has joined the Tomball Police Department in a crime prevention campaign aimed at preventing auto thefts and burglaries. The program involves the creation and distribution of signs that read,...
USI Acquires Personal Risk Business from BBVA Compass in Arizona
May 20 2015 // USI Insurance Services has acquired the personal risk services business of BBVA Compass Insurance Agency Inc. The accounts, homeowner, automobile, umbrella and other recreational policies, will be combined into the USI...
Update: PartnerRe Says $6.8B EXOR Offer Unacceptable; Open to Negotiations
May 20 2015 // PartnerRe Ltd. said it would engage in discussions with hostile bidder EXOR SpA to seek a better offer than the $6.8 billion proposal that the target company called “unacceptable.” “While we believe that...
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...
