Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Plymouth Rock to Acquire MAPFRE Insurance Company of New York
Dec 27 2018 // The New York State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation to acquire MAPFRE Insurance Company of New York, a New York domestic property and casualty...
P/C Insurer Trade Groups AIA and PCI Agree on Merger, New Name Starting Jan. 1
Dec 27 2018 // Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect Jan. 1, 2019. The combined organization is set to have a new name, the...
Miller Completes Acquisition of London Re/Insurance Broker Alston Gayle
Dec 21 2018 // Insurance broker Miller Insurance Services LLP announced that following receipt of all necessary regulatory approvals, it has completed its acquisition of Alston Gayler and Co. (AG). The transaction strengthens...
Houston’s Dean & Draper Insurance Acquires Bill Vawter & Co.
Dec 21 2018 // Dean & Draper Insurance Agency LP, headquartered in Houston, has acquired Bill Vawter & Company, a Houston-based agency specializing in personal insurance, employee benefits and a variety of industry-specific...
Cigna Completes $54 Billion Acquisition of Express Scripts
Dec 21 2018 // Cigna Corp. on Thursday closed its $54-billion deal to buy Express Scripts Holding Co., creating one of the biggest providers of pharmacy benefits and insurance plans in the United States, a combination it says will help...
Post-Merger, Marsh-JLT Specialty Leaders Announced for UK & Ireland
Dec 20 2018 // Global insurance broker Marsh announced the appointments of specialty leaders for the UK & Ireland. These appointments will be effective upon closing of the transaction between Marsh’s parent company, Marsh &...
Cambridge Mobile Telematics Receives $500 Million SoftBank Funding
Dec 20 2018 // Massachusetts-based Cambridge Mobile Telematics, which offers safe driving technology that is used globally by insurers and other firms, said it has attracted a $500 million investment from the SoftBank Vision Fund that it...
UK MGA Nexus Acquires Hiscox Global Flying
Dec 20 2018 // Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Hiscox Global Flying (HGF) via an asset purchase into Millstream Underwriting Ltd., a Nexus Group company that...
Cryptocurrency Industry Struggles to Buy Insurance, Hindering Growth Goals
Dec 20 2018 // Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be...
Japan’s Post Holdings Buys 7% of Insurer Aflac
Dec 19 2018 // Japan Post Holdings Co. Ltd. on Wednesday said it will buy 7 percent of U.S. insurer Aflac Inc. for about $2.4 billion, as the postal and financial conglomerate seeks new profit-drivers to counter weak growth...
The Hilb Group Acquires Massachusetts’ Bruce Crohn
Dec 19 2018 // The Hilb Group LLC (THG) has acquired Bruce Crohn LLC. The transaction became effective December 1, 2018. Founded in 2009, Crohn is a full-service employee benefits consultant and insurance brokerage firm located in...
Ryan Specialty Group Acquires New York’s Superior Payment Plan
Dec 19 2018 // Ryan Specialty Group LLC (RSG) has acquired the assets and operations of Superior Payment Plan LLC, a premium finance company based in Depew, N.Y. Terms of the agreement were not shared. Following the transaction,...
Marsh Makes Post-JLT Merger Leadership Appointments
Dec 19 2018 // Global insurance broker Marsh announced the appointments of key leaders for its regional, specialty and placement teams worldwide that will be effective upon closing of the pending acquisition by Marsh’s parent...
EPIC Holdings to Acquire Integro
Dec 19 2018 // EPIC Holdings Inc., parent company of EPIC Insurance Brokers & Consultants based in San Francisco, has agreed to acquire Integro Holdings Inc., which houses the U.S. operations of New York-based Integro Group...
Insurance Tech Firms Prima Solutions and Effisoft Complete Merger
Dec 18 2018 // Two French insurance technology firms, Prima Solutions and Effisoft, have merged. Effisoft is a Paris-based international group that designs software for insurance and reinsurance professionals. The group specializes in...
Hub International Acquires Assets of Apex Insurance Benefits in Idaho
Dec 17 2018 // Hub International Ltd. has acquired the assets of Apex Insurance Benefits LLC in Blackfoot, Idaho. Terms of the deal were not disclosed. Troy Goodwin, owner of Apex, will join Hub Mountain and report to Tara Tandrow,...
Premium Finance Firm National Partners to be Acquired by Digital Lender WebBank
Dec 17 2018 // Salt Lake City-based digital lender WebBank has agreed to acquire Denver-based National Partners, a national insurance premium finance company and subsidiary of MLF Financial Group. This is the first foray into insurance...
JLT Re Partners with Insurtech for Auto Insurance MGA Pact
Dec 17 2018 // Reinsurance broker JLT Re North America is partnering with Pact Insurance, a personal auto insurtech company, to develop digital insurance products for mobility risks. Pact is a managing general agency headquartered in San...
Connecticut Insurance Department Partnering with RiskGenius in Tech Pilot Program
Dec 14 2018 // The Connecticut Insurance Department is one of nine state insurance regulators participating in a pilot program to test a web-based platform that uses machine learning. The pilot states are partnering with RiskGenius, a...
Athens Insurance Agency of Tennessee Partners with United Benefit Advisors
Dec 14 2018 // United Benefit Advisors (UBA), a nationwide independent employee benefits advisory organization, has added Athens Insurance Agency as one of its partner agencies. Athens Insurance Agency provides affordable personal,...
