Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
CEO Watsa Buys US$149M of ‘Ridiculously Cheap’ Fairfax Shares
Jun 16 2020 // Fairfax Financial Holdings Ltd. announced that Prem Watsa, its chair and CEO, has purchased in the market 482,600 subordinate voting shares of Fairfax for a cost of approximately US$148.95 million. “At our AGM and on...
McLarens Acquires Energy Claims Specialist LWI in London
Jun 12 2020 // Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global specialty loss and insurance adjusters. McLaren purchased the...
Searchlight Capital Partners Completes Acquisition of UK Broker Global Risk Partners
Jun 12 2020 // Global Risk Partners Ltd., the London-based independent insurance intermediary, announced that global private investment firm Searchlight Capital Partners has completed its acquisition of a majority stake in the group,...
Insurtech Zego Partners with Telematics Firm ABAX to Lower Fleet Insurance Costs
Jun 11 2020 // Insurtech Zego has partnered with global telematics firm ABAX in a move designed to drive down the cost of insurance for fleet owners. While some fleets already use on-board telematics devices to improve efficiency, many...
Worldwide Facilities Acquires Wisconsin’s Strategic Underwriting Solutions
Jun 11 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program manager, has acquired Strategic Underwriting Solutions LLC (SUS), a full service medical stop-loss focused managing...
The Hilb Group Acquires Fort Myers Insurance Agency/Freedom Insurance Center of Florida
Jun 10 2020 // The Hilb Group, LLC has acquired Florida-based Fort Myers Insurance Agency, Inc., dba Freedom Insurance Center (FIC). The transaction became effective June 1, 2020. FIC is a property and casualty full–service agency that...
Reform Plan Would Require Minneapolis Officers to Buy Liability Insurance
Jun 9 2020 // Several advocacy groups presented their own recommendations to reform law enforcement practices in Minneapolis, a day after the majority of the City Council voiced support for abolishing the police department entirely in...
Arthur J. Gallagher & Co. Acquires Australia’s CA Insurance Brokers
Jun 9 2020 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of CA Insurance Brokers in Australia. Terms of the transaction were not disclosed. Founded in 2002 by Andrew Howard, CA...
Trinity Benefit Advisors of Tennessee Joins BKS-Partners Operating Group
Jun 9 2020 // Knoxville-based Trinity Benefit Advisors (TBA) has entered a partnership with BRP Group, Inc. to become part of its BKS-Partners operating group. TBA is a provider of employee benefits to employers across the southeastern...
Arthur J. Gallagher & Co. Acquires CRES Insurance in Nevada
Jun 8 2020 // Arthur J. Gallagher & Co. has acquired Las Vegas, Nev.-based CRES Insurance Services LLC. Terms of the deal were not disclosed. The CRES team will continue to operate from their current locations in Las Vegas and San...
Worldwide Facilities Acquires Virginia’s Royal Oak Underwriters
Jun 8 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Royal Oak Underwriters Inc., an excess and surplus lines insurance wholesaler based in Richmond,...
Global Re Forum Taps PartnerRe’s Clarke as Chair, Hannover Re’s Henchoz as Vice Chair
Jun 8 2020 // The Global Reinsurance Forum (GRF) has appointed Emmanuel Clarke, president and CEO of PartnerRe for a two-year term. He succeeds Kevin J. O’Donnell, CEO of RenaissanceRe, who became chairman in 2018. Jean-Jacques...
Insurtech MGA Hippo to Buy Its Carrier Partner Spinnaker Insurance
Jun 5 2020 // Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to...
Applied Underwriters to Acquire Blue Ridge of South Carolina
Jun 5 2020 // Blue Ridge Specialty Group of Greenfield, South Carolina, a managing general underwriter specializing in trucking -related risks, has been acquired by Applied Underwriters, according to Applied Chairman and CEO Steve...
Billionaire Del Vecchio Doesn’t Seek Merger Between Generali and AXA or Zurich: Source
Jun 3 2020 // Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger with rivals AXA or Zurich, a source close to the billionaire said on...
Carlyle, T&D Holdings Complete Acquisition of 76% Interest in Fortitude Group From AIG
Jun 3 2020 // Global investment firm The Carlyle Group and T&D Holdings announced have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from insurer American...
BRP Group’s BKS-Partners Acquires Assets of Chicago Agency, Rosenthal Bros.
Jun 2 2020 // Baldwin Krystyn Sherman Partners LLC (BKS-Partners), the middle-market subsidiary of Tampa, Florida-based insurance distribution firm, BRP Group, has acquired substantially all assets of Rosenthal Bros. Inc. (Rosenthal...
Reliance Partners Promotes Cannon to VP of Freight Brokerage Division
Jun 2 2020 // Reliance Partners (Reliance), a privately-held commercial insurance agency for the transportation and logistics industry, has promoted Jamie Cannon to vice president of the 3PL division. Cannon will lead Reliance’s...
Investors, Bondholders Sue Occidental Over Anadarko Merger
Jun 1 2020 // Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7...
Texas Windstorm Insurer Lays Out Funding Plan for 2020 Hurricane Season
Jun 1 2020 // The board of directors of Texas’ property insurer of last resort for wind and hail in the state’s coastal counties in February set a goal of $4.2 billion in catastrophe funding for 2020. At a meeting of the...
