Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
RenaissanceRe to Acquire Platinum Underwriters in $1.9 Billion Deal
Nov 24 2014 // RenaissanceRe Holdings Ltd. and Platinum Underwriters Holdings Ltd. announced that the companies have entered into a definitive merger agreement under which RenaissanceRe will acquire Platinum. Under the terms of the...
Aviva in $8.76 Billion Deal to Buy Friends Life after Pensions Shake-up
Nov 21 2014 // British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for £5.6 billion [$8.76 billion], as British pension reform puts pressure on insurance companies to find new...
Minnesota’s North Risk Partners Merges with Thune Insurance Network
Nov 21 2014 // St. Paul, Minn.-based independent insurance brokerage, North Risk Partners, announced it has merged with Thune Insurance Network, located in Northwest Minnesota with offices in Thief River Falls, Roseau and Baudette. The...
Arthur J. Gallagher Acquires Iowa-Based Miller-Harrison Insurance Services
Nov 20 2014 // Arthur J. Gallagher & Co. announced it has acquired Miller-Harrison Insurance Services in Muscatine, Iowa. Terms of the transaction were not disclosed. Founded in 1919, Miller-Harrison is a retail insurance broker...
LeapFrog Buys Majority Stake in Kenya’s Resolution Insurance
Nov 20 2014 // LeapFrog Investments, the private equity firm with a focus on Africa and Asia, said it will pay 1.68 billion shillings ($18.6 million) to gain control of Kenya’s Resolution Insurance and tap growth in health...
U.K.’s Towergate Bonds Plunge on News of Takeover Bids
Nov 19 2014 // Towergate Finance plc’s high-yield bonds plunged to a record after Europe’s largest insurance broker said it received takeover offers. The company’s 304.6 million pounds ($475.5 million) of 10.5 percent...
PIA of Florida, National Insurance Underwriters Launch E&O Partnership
Nov 18 2014 // The Professional Insurance Agents of Florida Inc. (PIA of Florida) has tapped National Insurance Underwriters (NIU) as the official underwriter of its insurance agents’ professional liability errors and omissions...
FBinsure Acquires Gramlich Insurance Agency in Massachusetts
Nov 18 2014 // FBinsure, an independent insurance agency based in Taunton, Massachusetts, announced its acquisition of Gramlich Insurance Agency, an independent agency in New Bedford, Massachusetts. The terms of the transaction were not...
Hamilton Insurance Plans to Acquire Sportscover Underwriting at Lloyd’s
Nov 18 2014 // Hamilton Insurance Group, the Bermuda-based holding company for property-casualty reinsurer Hamilton Re and insurer Hamilton USA, announced it has entered into a share purchase agreement to acquire Sportscover Underwriting...
York Risk Services Group Acquires RMPG in New York
Nov 17 2014 // York Risk Services Group Inc., a Parsippany, New Jersey-based provider of claims management, managed care, risk management and specialized loss adjusting services, has acquired Risk Management Planning Group (RMPG) in...
MetLife’s Gay Rights Support Draws Criticism of Malaysia Partner
Nov 17 2014 // MetLife Inc.’s support for gay rights in the U.S. is drawing criticism to the insurer’s partner in Malaysia. A group in the nation called for a boycott of AMMB Holdings Bhd.’s AmBank, citing...
Arthur J. Gallagher Acquires The Titan Group in Virginia
Nov 14 2014 // Arthur J. Gallagher & Co. announced the acquisition of The Titan Group, LLC located in Richmond, Virginia. Terms of the transaction were not disclosed. Founded in 2001, Titan provides human resource consulting...
Talanx Sells Remaining Shares in Swiss Life to Strengthen Balance Sheet
Nov 14 2014 // Talanx AG, Germany’s third-biggest insurer, sold its stake in Swiss Life Holding AG to help mitigate the effect of low interest rates and to cover risk. Talanx will book 214 million euros ($267 million) profit from...
Texas Agent Group Acquires LevelFirst, Forms IIAT Services MGA
Nov 13 2014 // The Independent Insurance Agents of Texas (IIAT) announced it is continuing its tradition of providing insurance markets for small independent agencies with the acquisition of Dallas-based managing general agency...
Collins Named Managing Partner at Willis of Georgia
Nov 13 2014 // Insurance broker Willis North America has appointed Paul Collins as managing partner with Willis Insurance Services of Georgia Inc., effective Jan. 1, 2015. Collins has more than 17 years of experience in the insurance...
Hudson Insurance Acquires Surety Partners’ Northeast Operation
Nov 13 2014 // Hudson Insurance Group has acquired the underwriting operations of Surety Partners of America, Northeast, which is based in Chester, New Jersey. Surety Partners of America, which was formed in 2009, is licensed and...
C&R Insurance Services in Pennsylvania Announces 2 Acquisitions
Nov 12 2014 // C&R Insurance Services Inc. in Wayne, Pennsylvania, has acquired Garden State Professional Insurance Agency, a professional liability agency based in Freehold, New Jersey, and its affiliate FLAG Insurance Services....
Prime Risk Partners Hires McKenna as Senior VP in New York
Nov 12 2014 // Prime Risk Partners, a recently established national insurance distribution firm in Atlanta, hired Matthew McKenna as senior vice president. He is based in Buffalo, New York. McKenna previously served as senior vice...
Arthur J. Gallagher Acquires Illinois’ The Forker Co.
Nov 12 2014 // Arthur J. Gallagher & Co. has acquired The Forker Company in Arlington Heights, Ill. Terms of the transaction were not disclosed. Established in 2000, The Forker Company (Forker) is a retail insurance agency that...
Taiwan’s Cathay Life Acquires Asset Manager, Research Firm Conning
Nov 12 2014 // Cathay Life Insurance Co. of Taiwan has acquired insurance industry investment and asset manager and research firm Conning Holdings Corp. of Hartford, Conn. and all of its subsidiaries. Under the terms of the agreement,...
