Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
SageSure, IMF Partner on Texas Coastal Homeowners Insurance Product
Apr 3 2019 // Residential property managing general underwriter, SageSure Insurance Managers has partnered with Independent Mutual Fire Insurance Company (IMF) on a homeowners product in Texas, with plans to expand to additional coastal...
UK Specialty MGA Nexus Buys an MGA and a Broker – All in One Day
Apr 3 2019 // UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,” with the purchase this week of an MGA and an insurance broker. On...
3 Major Automakers Partner to Develop Autonomous Vehicle Safety Standards, Testing
Apr 3 2019 // Three major automakers said on Wednesday they were forming a consortium to help draw up safety standards for self-driving cars that could eventually help create regulations in the United States. General Motors Co., Ford...
Arch Insurance (UK) Ltd. Acquires UK MGA Axiom Underwriting
Apr 3 2019 // Arch Insurance (UK) Ltd., part of Bermuda-based Arch Insurance International, has completed the acquisition of UK managing general agency Axiom Underwriting, having initially purchased a 60 percent share of the business in...
Hub International Acquires Canada Broker Del Fisher Insurance
Apr 3 2019 // Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired Del Fisher Insurance Inc. Terms of the transaction were not disclosed. Based in Calgary, Alberta, Canada, Del Fisher Insurance is...
American Family Insurance to Acquire Ameriprise Auto & Home for $1 Billion
Apr 3 2019 // Ameriprise Financial is selling its Ameriprise Auto & Home (AAH) division to a subsidiary of Madison, Wisconsin-based American Family Insurance Mutual Holding Co. (American Family Insurance), the companies...
Marsh & McLennan Agency Acquires Lovitt & Touché in Arizona
Apr 2 2019 // Marsh & McLennan Agency LLC has acquired Phoenix, Ariz.-based Lovitt & Touché. Terms of the deal were not disclosed. Charlie Touché, Lovitt & Touché CEO since 1998, will lead MMA’s operations in...
NSM Insurance Group Acquires Embrace Pet Insurance
Apr 2 2019 // Program specialist NSM Insurance Group has acquired Embrace Pet Insurance, a Cleveland-based national provider of pet health insurance for dogs and cats. No terms of the transaction were disclosed. Embrace offers an...
Uber Wins Dismissal of Investor Suit Over Acquisition of Truck Firm Otto
Apr 2 2019 // Travis Kalanick, the co-founder of ride-hailing company Uber, and the company’s directors won the dismissal of an investor lawsuit that sought to hold them liable for a fight over trade secrets that slowed...
Tokio Marine HCC Acquires Cyber Specialist NAS in California
Apr 1 2019 // Tokio Marine HCC has acquired in Encino, Calif.-based NAS Insurance Services LLC. Terms of the deal were not disclosed. The acquisition of NAS represents the continuance of a partnership between NAS and the Tokio Marine...
Worley Claims Services Acquires Alacrity in Oregon
Apr 1 2019 // Worley Claims Services LLC has acquired Eugene, Ore.-based Alacrity Renovation Services LLC from Lowe’s Companies Inc. Terms of the deal were not disclosed. Worley, based in Fishers, Indiana, is a provider of...
AssuredPartners Acquires Connecticut’s Goodworks Financial Group
Apr 1 2019 // AssuredPartners Inc. has acquired Goodworks Financial Group of Glastonbury, Conn. Following the acquisition, Goodworks Financial Group’s team of 14 employees across multiple cities and offices in the Eastern region...
Brazil’s Caixa Economica Mulls Strategic Partners for Insurance, Asset, Card Units
Apr 1 2019 // Brazil’s Caixa Economica Federal is mulling strategic partnerships for its credit card, asset management and insurance units before taking them public, Chief Financial Officer Andre Laloni said on Friday [March...
Marsh & McLennan Completes $5.6 Billion Acquisition of Jardine Lloyd Thompson
Apr 1 2019 // Marsh & McLennan Cos. (MMC) completed its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc (JLT). “Today marks the beginning of a new era with Marsh & McLennan and JLT coming together. This is a...
Alliant Hires Rossi Capital Partners’ Rossi as Vice President in New York
Mar 29 2019 // Alliant has hired Francis Rossi as vice president. In this new role, the New York-based property and casualty insurance veteran will deploy his experience in finance, insurance and risk management to a portfolio of...
Alera Group Acquires New York City’s Phalanx Healthcare Solutions
Mar 28 2019 // Alera Group, a national insurance firm, has acquired Phalanx Healthcare Solutions LLC, effective March 1, 2019. Located in New York City, Phalanx is an insurance and reinsurance broker of medical malpractice insurance for...
SCOR Investment Partners Promotes Rostan as Head of Insurance-Linked Securities
Mar 28 2019 // SCOR Investment Partners announced the promotion of Sidney Rostan as head of Insurance-Linked Securities (ILS), effective April 1, 2019. Sidney Rostan replaces Vincent Prabis, who is leaving the company to take a different...
Seeman Holtz P&C Acquires Assets of Wisconsin’s Prey Insurance Services
Mar 28 2019 // Florida-based Seeman Holtz Property & Casualty LLC announced the asset acquisition of Prey Insurance Services LLC, headquartered in Shawano, Wisconsin. Led by Mike Prey and his team, Prey Insurance Services has been...
Hong Kong Grants Online Banking Licenses to Insurer ZhongAn, 2 Bank Joint Ventures
Mar 27 2019 // Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake-up in years in the city’s retail banking...
Marsh Partners with Insurers on Program to Help Firms Pick Best Cybersecurity Products
Mar 27 2019 // What the insurance industry has done for auto and building safety products, insurance broker Marsh wants to extend to cybersecurity products. That is, recommend the cybersecurity products that are the most effective. The...
