Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
CVS Acquisition of Aetna Expected to Close After Thanksgiving
Nov 20 2018 // CVS Health Corp. said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc. after the Thanksgiving holiday. The pharmacy chain and benefits manager had previously expected the...
Finnish Software Firm Basware Confirms Takeover Bid, Backed by Investors Including Ping An
Nov 20 2018 // Finnish software maker Basware confirmed the unsolicited takeover approach it received was from payment-technology startup Tradeshift Holdings Inc. The indicative proposal came from San Francisco-based Tradeshift, Basware...
AXA XL Buys 100% of New Ocean to Build Alternative Capital Business
Nov 20 2018 // AXA XL’s reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Ltd. Financial details of the...
Head of Connecticut Crumbling Foundations Entity Concerned About Funding Delay
Nov 19 2018 // The superintendent of the new entity charged with distributing millions of dollars to Connecticut homeowners with crumbling foundations says he’s within weeks of shutting down if state bonding isn’t...
China Eyes Allowing Foreign Insurers to Own Local Joint Ventures: Sources
Nov 19 2018 // China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge...
Travelers Partners with Contractor, Tech Firm on Wearables for Construction Safety
Nov 16 2018 // The Travelers Companies has partnered with contractor company Gilbane, and Triax Technologies, a provider of Internet of Things (IoT) construction technology, to explore the potential safety benefits of wearable...
Markel Completes Acquisition of Investment Manager Nephila
Nov 15 2018 // Specialty insurer Markel Corp. has completed its acquisition of Nephila Holdings, an investment manager specializing in reinsurance risk. According to the transaction that was first announced in August, Nephila will...
Seeman Holtz Agency Acquires Insurtech Goji
Nov 14 2018 // Fast-growing insurance agency Seeman Holtz Property & Casualty has taken a technology leap forward by acquiring Boston-based online home and auto Insurance agency Goji (formerly Consumers United) and its technology...
Ageas Agrees to Acquire 40% Stake in India Non-Life insurer RSGI
Nov 14 2018 // Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total...
QBE North America Sells National Farmers Union to National General
Nov 14 2018 // National General Holdings Corp. has agreed to acquire National Farmers Union Property and Casualty Co. from QBE North America. The estimated purchase price is $43 million. National Farmers Union Insurance writes personal...
ISMIE Mutual Insurance Partners with Osteopathic Associations on MPL Program
Nov 13 2018 // Chicago-based ISMIE Mutual Insurance Co., has partnered with the Indiana Osteopathic Association (IOA) and the Pennsylvania Osteopathic Medical Association (POMA) on a medical professional liability insurance...
Brown & Brown of Massachusetts Acquires Assets of Rodman Insurance Agency
Nov 13 2018 // Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Rodman Insurance Agency. With roots dating back to 1935, Rodman Insurance Agency specializes in providing property and casualty...
JLT Re Acquires JLT March Re in Spain, Launches JLT Re Iberia
Nov 13 2018 // JLT Re, the global reinsurance broker and consultant, announced the launch of JLT Re Iberia, which follows the acquisition of JLT March Re, the fourth largest Spanish insurance broker, from financial group Banca...
Miller Names New Equity Partners: Hands, Lane, Wheeler, Henderson and Speers
Nov 9 2018 // Miller Insurance Services LLP announced that it has boosted its partnership with five internal appointments. With effect from Jan. 1, 2019, James Hands, Charles Lane, Phil Wheeler, Martin Henderson and Ben Speers will be...
Hub International Buys Canadian Broker Kuokoa Enterprises Inc.
Nov 9 2018 // Hub International Limited, the Chicago-based insurance broker, announced that it has acquired the assets of Kuokoa Enterprises Inc. Terms of the transaction were not disclosed. Located in Edmonton, Alberta, Canada, Kuokoa...
AmeriTrust Group Acquires Florida-Based Signature Insurance Agency
Nov 9 2018 // AmeriTrust Group, Inc.’s retail agency subsidiary Meadowbrook Insurance Agency has acquired Sarasota, Fla.-based Carol P. Rummel Insurance Agency, (dba Signature Insurance Agency), effective Oct. 29th, 2018. As part...
Texas Agents Group, Wingman Insurance Partner on Cyber Liability Coverage
Nov 8 2018 // The Independent Insurance Agents of Texas (IIAT) has entered an exclusive partnership with Wingman Insurance for cyber liability coverage. IIAT members can now access the Wingman Cyber online platform to provide cyber...
Hub International Acquires Saskatchewan-Based Tri-Line Agencies
Nov 8 2018 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Tri-Line Agencies Inc. Terms of the transaction were not disclosed. Tri-Line Agencies is a full-service, independent...
QBE Ventures, Zeguro Partner on ‘Cybersecurity Officer’ Small Business Platform
Nov 8 2018 // A new partnership between QBE Insurance Group and cybersecurity management company Zeguro offers small and medium-sized business customers access to a virtual ‘Cybersecurity Officer’ to protect against their...
Marsh & McLennan’s $5.6B Acquisition of Broker JLT Gets Shareholder Nod
Nov 7 2018 // Marsh & McLennan Cos. Inc. announced that its £4.3 billion ($5.6 billion) acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT’s shareholders. Of those shares voted, 99.9 percent voted...
