Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
UK’s Prudential to Buy Thai Bancassurance Partnership from FWD Group
Mar 19 2020 // Prudential Plc, the UK insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand from FWD Group Ltd. in a 24.5 billion baht ($753 million) deal. Prudential’s...
Inszone Insurance Acquires Global Pro Insurance Services in California
Mar 18 2020 // Inszone Insurance Services has acquired Global Pro Insurance Services in Pleasanton, Calif. Terms of the deal were not disclosed. Global Pro provides property/casualty insurance services to individual and businesses...
Integrated Specialty Coverages Acquires Access Partners in California
Mar 17 2020 // Integrated Specialty Coverages has acquired Sacramento, Calif.-based Access Partners Insurance Services LLC. Terms of the deal were not disclosed. ISC is a technology-enabled General Agency backed by affiliates of Two...
International General Insurance and Tiberius Acquisition Complete Merger
Mar 17 2020 // International General Insurance Holdings Ltd. (IGI) and the special purpose acquisition company Tiberius Acquisition Corp. have completed their previously announced merger. The business combination, which was first...
EU Regulators Ask Firms to Delay M&A Antitrust Filings Due to Coronavirus
Mar 17 2020 // European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. That could affect the timelines of agreed deals. Among the...
Arkansas’ Southern Pioneer P/C Insurance Acquired by Biglari; Ratings Unchanged
Mar 16 2020 // AM Best said the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Southern Pioneer Property and Casualty Insurance Co. (Southern Pioneer), based in...
Arthur J. Gallagher Acquires McConnell, Manit & Trout in California
Mar 16 2020 // Arthur J. Gallagher & Co. has acquired McConnell, Manit & Trout Insurance Services LLC in San Louis, Obispo, Calif. Terms of the deal were not disclosed. Rick McConnell, Mike Manit, Doug Trout and their associates...
Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings
Mar 16 2020 // Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both...
Prepared Insurance of Florida to be Acquired by Lighthouse Property Insurance Corp.
Mar 16 2020 // Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group. Lighthouse is a Louisiana-domiciled property and casualty insurance carrier...
P/C Insurers Expect Smaller M&As to Continue in 2020
Mar 13 2020 // Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the property/casualty insurance executives surveyed by Deloitte still expect to complete an M&A transaction in...
Iowa’s First MainStreet Insurance Acquires 3 New Agencies
Mar 13 2020 // First MainStreet Insurance (FMSI), a Cedar Rapids, Iowa-based affiliate of TrueNorth Companies, has closed on its acquisition of three new agencies. The firm expanded to Western Iowa with the merger of EGR Insurance in...
AssuredPartners Acquires Wateridge Insurance Services in California
Mar 12 2020 // AssuredPartners Inc. has acquired Wateridge Insurance Services Inc. of San Diego, Calif. The team of 67 will remain under the operational leadership of Jeff Byroads, John Clanton and John Dorris. Lake Mary, Fla.-based...
Hub Acquires Assets Harris, Madden, Powell, Stallings & Brown of Tennessee
Mar 12 2020 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Harris, Madden, Powell, Stallings & Brown, Inc. (HMP). Terms of the transaction were not disclosed. HMP is an independent,...
The Hilb Group Acquires Massachusetts’ LifePlus Insurance Agency
Mar 12 2020 // The Hilb Group LLC (THG) has acquired Massachusetts-based LifePlus Insurance Agency Inc. (LPINS). The transaction became effective March 1, 2020. Established in 2004, LPINS is a full-service ancillary benefits agency,...
World Insurance Associates Acquires New Jersey’s Lewis-Chester Associates
Mar 11 2020 // World Insurance Associates LLC (WIA) acquired Lewis-Chester Associates Inc. of Summit, N.J., on February 1, 2020. Terms of the transaction were not disclosed. Founded in 1947, Lewis-Chester Associates Inc. is a full...
Aon and Willis Towers Watson Say Merger Is All About ‘Getting Better, Not Bigger’
Mar 10 2020 // There are several talking points that are evident about the planned merger of broking giants Aon and Willis Towers Watson. First, it’s not about getting bigger; it’s about getting better. And, second,...
Iowa’s BrokerTech Ventures Adds 5 New Agency Partners, Names Hatten as COO
Mar 10 2020 // BrokerTech Ventures (BTV), the Des Moines, Iowa-based broker-led investor group and accelerator program, has added five new investor partners/sponsors, including Heffernan Insurance Brokers Inc., The Horton Group, Inc.,...
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...
