Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
World Insurance Associates Acquires New Jersey’s Links Insurance Services
Jun 25 2019 // World Insurance Associates LLC (WIA), an independent insurance agency headquartered in Tinton Falls, N.J., has acquired Links Insurance Services LLC of Wall, N.J., on June 13, 2019. Links Insurance Services LLC was...
Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture
Jun 25 2019 // Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the...
Tokio Marine Looking for Insurance Acquisitions in Asia, Other Markets
Jun 25 2019 // Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan’s largest...
NFP Acquires Excel Bonds & Insurance Services in California
Jun 21 2019 // NFP has acquired Sacramento, Calif.-based Excel Bonds & Insurance Services Inc. The deal closed May 1. Cathy Skeen and Dave Garese, former founders and principals, will join NFP as senior vice presidents, reporting to...
Legacy Specialist Compre Completes 3 Run-Off Acquisitions
Jun 19 2019 // Compre, the London-based independent re/insurance legacy specialist, announced it has signed three transactions involving Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Co. Ltd. (Helvetia), and an undisclosed...
Higginbotham in Texas Buys Commercial Insurance Unit of Extraco Banks
Jun 19 2019 // Extraco Banks has sold its commercial insurance operation to Fort Worth, Texas-based independent insurance broker, Higginbotham. Extraco Insurance is a group of five property/casualty insurance professionals operating in...
Chubb to Partner with National Association of Women Business Owners
Jun 18 2019 // The National Association of Women Business Owners (NAWBO) has partnered with Chubb to provide NAWBO members with small business insurance resources, including education, insurance products and services generally reserved...
Hub International Acquires Foster & Parker Insurance Agency in California
Jun 18 2019 // Hub International Ltd. has acquired Foster & Parker Insurance Agency Inc. Terms of the deal were not disclosed. Steve Barsotti, president of Foster & Parker Insurance, and the staff will join Hub California. Foster...
Arthur J. Gallagher Acquires Australia Workplace Risk Consultant P2 Group
Jun 18 2019 // Arthur J. Gallagher & Co. announced the acquisition of Hawthorn, Victoria-based P2 Group. Terms of the transaction were not disclosed. Founded in 2003, P2 Group helps employers proactively manage occupational health...
PERILS Buys Canada’s Catastrophe Loss & Exposure Analysis Firm CatIQ
Jun 18 2019 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has acquired Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ). Financial details of the deal were...
Chicago to Partner with Gallagher in Overhaul of City’s Workers’ Comp Program
Jun 18 2019 // Chicago Mayor Lori E. Lightfoot said the city will partner with Gallagher Bassett, an international public sector claims administrator, as well as Gallagher Global Brokerage Risk Program Administrators, to overhaul and...
Michigan’s High Street Insurance Names Tuitas Sr. Partner, CFO
Jun 18 2019 // High Street Insurance Partners (High Street), a Michigan-based provider of commercial insurance, personal lines and employee benefits services, has appointed Dave Tuitas as senior partner and chief financial officer. Tuit...
Hub Acquires Assets of Atlanta-based Insurtech In-Fi; Hires Chasteen
Jun 18 2019 // Hub International Limited, has acquired the assets of CBIS, LLC, d/b/a “In-Fi” (In-Fi). Terms of the transaction were not disclosed. Established in 2016 by co-founder Jon Chasteen, In-Fi developed a...
TigerRisk Names Frase Partner in California
Jun 17 2019 // TigerRisk Partners LLC has named Lindsey Frase a partner and member of its North American current client division. Frase will report to Wade Gulbransen, global head of reinsurance. Frase started her reinsurance industry...
Career Sense: Reverse, Prioritize, Partner, Attack
Jun 17 2019 // Gone are the days of insurers and brokers offering multiline and multi-divisional training to their new staff. People entering the workforce today will start their careers with an insurance carrier or brokerage firm within...
Arthur J. Gallagher Acquires Abram Interstate Insurance Services in California
Jun 14 2019 // Arthur J. Gallagher & Co. has acquired Rocklin, Calif.-based Abram Interstate Insurance Services Inc. Terms of the deal were not disclosed. Ron Abram and his associates will remain in their current location under the...
AssuredPartners Acquires Kansas’ Air Capital Insurance
Jun 13 2019 // AssuredPartners Inc. has acquired Air Capital Insurance LLC (ACI) of Wichita, Kansas. ACI’s team of 10 will remain under the leadership of ACI founders Glenn Tate and Greg Hiser. The group will join...
Al Specialists omni:us and FRISS Partner to Offer Claims, Fraud Detection Services
Jun 12 2019 // Two artificial intelligence providers — omni:us and FRISS — are teaming up to “supercharge” insurance claims management and fraud detection. omni:us is a provider of AI-based cognitive claims...
Hub International Acquires Canada Retirement Consulting Firm Porchlight Financial
Jun 12 2019 // Insurance broker Hub International Ltd. announced it has acquired Porchlight Financial, based in Vancouver, British Columbia. Terms of the transaction were not disclosed. Porchlight Financial is a full-service group...
UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions
Jun 12 2019 // British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals. The insurer said it would use a managed blockchain system launched by...
