Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Investor Lawsuit Against Bayer Cites ‘Disastrous’ Monsanto Acquisition
Mar 9 2020 // A Bayer AG investor sued the board and other top company officials, claiming the “disastrous” 2018 acquisition of Monsanto Co. eroded the company’s share value by saddling it with potentially billions of...
Nexus’ Broking Division Xenia Buys Howden’s UK Trade Credit Business
Mar 9 2020 // Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has entered into an agreement to acquire Howden UK Group’s trade credit broking business, based in...
Aon to Buy Willis Towers Watson
Mar 9 2020 // Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. Under the terms of the...
4 State Senators Named to Funding Oversight Board of Texas Windstorm Insurer
Mar 9 2020 // Texas state Sen. Kelly Hancock (Richland Hills), Sen. Juan “Chuy” Hinojosa (McAllen), Charles Schwertner (Georgetown) and Larry Taylor, (Friendswood) have been appointed to the Windstorm Insurance Legislative...
Realign Capital Strategies in California Names McAuliffe Partner
Mar 9 2020 // San Diego, Calif.-based Realign Capital Strategies LLC has named Tim McAuliffe a partner. McAuliffe is an underwriter with more than 25 years of experience in various lines of business. He previously spent 10 years with...
TWIA Sets Funding for Catastrophe Year 2020 at $2.4B
Mar 9 2020 // The wind and hail insurance carrier of last resort for counties along the Texas coast has determined that its 1-in-100 probable maximum loss (1:100 PML) for the 2020 catastrophe year is $4.2 billion. At a quarterly meeting...
Haynes and Boone Hires Raptis as a Partner in Its Washington D.C. Office
Mar 6 2020 // Haynes and Boone LLP has hired Stephen Raptis as a partner in the Washington, D.C., office, bolstering the national expansion of the firm’s Insurance Recovery Practice Group. Over his 25-year career, Raptis has...
Hub International Acquires Ontario-Based LSM Insurance Services
Mar 6 2020 // Hub International Ltd., a Chicago-based insurance brokerage, announced that it has acquired LSM Insurance Services Ltd. (LSM). Terms of the transaction were not disclosed. Headquartered in Markham, Ontario, Canada, LSM is...
UK’s Aviva to Sell Entire Stake in Indonesia Joint Venture
Mar 6 2020 // British insurer Aviva said on Friday it would pull out completely from Indonesia by selling its entire stake in joint venture PT Astra Aviva Life to its partner in the operation. “The transaction is expected to...
Risk Strategies Acquires Atlas Insurance Management of North Carolina
Mar 6 2020 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Atlas Insurance Management of North Carolina, a company that works on the formation and management of captive insurance...
Virtus Acquires First Line Insurance Services in Colorado
Mar 5 2020 // Virtus LLC and its subsidiary Virtus Rocky Mountain LLC have acquired Denver, Colo.-based insurance brokerage firm First Line Insurance Services. Terms of the deal were not disclosed. First Line’s focus has been on...
Tokio Marine HCC to Buy MGA GCube, Renewable Energy Specialist
Mar 5 2020 // Tokio Marine HCC has agreed to snatch up GCube, a managing general agent with a focus on renewable energy risks. The deal is expected to close in the 2020 second quarter, pending the usual regulatory approval process and...
Alliant Acquires LifeBalance Program in Oregon
Mar 4 2020 // Alliant Insurance Services Inc. has acquired the Portland, Ore.-based LifeBalance Program, adding the well-being discount program further it its employee benefits group’s products and services. The entire LifeBalance...
EXOR to Sell PartnerRe to French Insurer Covea for $9 Billion
Mar 4 2020 // EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a very profitable thing for the Italian investment firm. EXOR bought the Bermuda-based reinsurer in March 2016 for $6.72...
PointeNorth Insurance Group Acquires Iron Mountain Insurance of Alabama
Mar 4 2020 // PointeNorth Insurance Group, LLC (PNIG), an independent insurance agency in the Southeast with local ownership, has expanded its reach in the region with the acquisition of Iron Mountain Insurance, located in Birmingham,...
Alliant Acquires Pend Oreille Insurance in Idaho
Mar 3 2020 // Alliant Insurance Services Inc. has acquired Pend Oreille Insurance in Idaho. Pend Oreille is led by co-owners Stefanie Nostdahl and Jodie Corless. Nostdahl and Corless, along with the entire Pend Oreille team, will join...
Arthur J. Gallagher Acquires New York’s CMS
Mar 3 2020 // Arthur J. Gallagher & Co. has acquired Melville, N.Y.-based CMS LLC. Terms of the transaction were not disclosed. Founded in 1996, CMS LLC is a full-service wholesale insurance broker working with agents across the...
Walsh Duffield Announces Partnership with New York’s OSEA
Mar 3 2020 // Walsh Duffield, a fifth-generation, family owned insurance company, has partnered with OSEA Inc., a 30-year-old environmental, health, safety and security consulting firm, to provide risk management services to its...
USI Insurance Services Acquires Full Service Insurance Agency of Tennessee
Mar 3 2020 // USI Insurance Services, a provider of risk management, employee benefit and retirement plan consulting, has acquired Franklin, Tenn.-based Full Service Insurance Agency, Inc. Founded in 1975, Full Service Insurance is a...
Chaucer Partners with Artificial Labs to Offer ‘Next Generation’ U/W Platform
Mar 2 2020 // Chaucer, the London-based specialty re/insurance group, announced a new partnership with London-based insurtech Artificial Labs to deliver a next generation underwriting platform for high-volume specialty products. The...
