Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
HMS Agency Acquires New York’s Adirondack Family Insurance Services
Oct 25 2018 // HMS Agency Inc. (HMS), a family-owned and operated insurance agency based in Albany, N.Y., has acquired Adirondack Family Insurance Services of Saratoga Springs, N.Y. The purchase agreement was finalized on July 1, 2018,...
Massachusetts’ Rogers & Gray Insurance Names Bizak as Chief Partnership Officer
Oct 25 2018 // Rogers & Gray Insurance, a South Dennis, Mass.-based insurance agency, has named Robert Bizak to the newly created position of chief partnership officer. In this role, Bizak will be responsible for building upon Rogers...
The Hilb Group Acquires Michigan’s Burns & Eustice Insurance Agency
Oct 24 2018 // Hilb Group LLC (THG) has acquired Michigan-based Burns & Eustice Insurance Agency (B&E). B&E has been offering property/casualty insurance products and services to businesses and individuals throughout northern...
Arthur J. Gallagher Acquires Richter International Consulting in Washington
Oct 24 2018 // Arthur J. Gallagher & Co. has acquired Issaquah, Wash.-based Richter International Consulting LLC. Terms of the deal were not disclosed. Founder Dave Richter and his associates will continue to operate from their...
BRP Partners with Medicare Division of Trilogy Financial Group of Florida
Oct 24 2018 // Baldwin Risk Partners (BRP), a Tampa, Fla., based insurance distribution holding company, has completed the formation of its partnership with the Medicare Division of Trilogy Financial Group, a financial agency based in...
Zurich North America, Allied Public Risk Partner on Public Sector Program
Oct 23 2018 // Schaumburg, Illinois-based Zurich North America has entered into an agreement with program administrator Allied Public Risk LLC to provide a full range of insurance coverage to select cities, towns, boroughs, counties and...
CoreLogic to Buy Toronto-Based Claims Workflow Firm Symbility Solutions
Oct 23 2018 // CoreLogic, the Irvine, Calif.-based property data and analytics firm, has agreed to acquire the outstanding shares of Symbililty Solutions Inc. not already owned by CoreLogic. CoreLogic currently holds approximately a 28...
Generali to Acquire Polish Asset Management Firm, Union Investment TFI
Oct 23 2018 // Generali has entered into an agreement with the German Group Union Asset Management Holding AG to acquire a 100 percent stake in the Polish asset management company Union Investment TFI S.A. Financial details of the...
USI Insurance Services Acquires Pennsylvania’s Beneficial Insurance Services
Oct 22 2018 // USI Insurance Services (USI), a provider of insurance brokerage and risk management services, has acquired Philadelphia, Penn.-based Beneficial Insurance Services, a wholly owned subsidiary of Beneficial Bancorp...
Insurance Broker Hays Companies to Be Brown & Brown’s Biggest Acquisition
Oct 22 2018 // Brown & Brown Inc. has agreed to acquire the assets of the Hays Companies insurance operations. The deal for the Minnesota-based insurance broker with $200 million in revenues marks the largest acquisition ever by...
Miller Agrees to Acquire London Re/Insurance Broker Alston Gayler
Oct 22 2018 // Miller announced it has entered into a definitive agreement to acquire Alston Gayler and Co. (AG), majority owned by Nelson Holdings Ltd. AG is an independent London market re/insurance broker specializing in multiple...
Billionaire Li’s FWD Group Nearing Deal to Buy CBA’s Indonesia Unit
Oct 22 2018 // Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance arm, people familiar with the matter said, in a deal that would boost the...
West Virginia Won’t Change Funding for State Workers’ Comp Plan in 2019
Oct 22 2018 // West Virginia Gov. Jim Justice says there will be no change in state funding for the state employees’ public insurance plan next year in a letter to the agency’s director. The Charleston Gazette-Mail reports...
New York Is Considering Blocking Parts of $68B CVS, Aetna Merger
Oct 19 2018 // New York state officials are considering blocking parts of the $68 billion merger of drugstore store chain CVS Health Corp. and Aetna Inc., jeopardizing billions of dollars in insurance premiums for Aetna. CVS and Aetna...
Seeman Holtz P&C Acquires Missouri Agency, Redel Insurance
Oct 18 2018 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Redel Insurance Agency Inc., headquartered in Ballwin, Missouri. Redel Insurance Agency has been operating in Missouri for three-quarters of...
Applied Systems Acquires Benefits Software Firm Dynamis
Oct 18 2018 // Fresh off its announcement of Google becoming a minority investor, insurance agency technology provider Applied Systems announced it has acquired Dynamis Software Corp., a Milwaukee-based provider of employee benefits...
Gallagher Acquires UK Commercial Broker Portmore
Oct 18 2018 // Global insurance broker, risk management services and consulting firm Gallagher announces the acquisition of Portmore Insurance Brokers Ltd. and Portmore Insurance Brokers (Wiltshire) Ltd. in the UK. Terms of the...
Hub Acquires Oklahoma Retirement Plan Consulting, Financial Services Firm
Oct 16 2018 // Hub International Investment Services Inc., member FINRA/SIPC, and a subsidiary of Chicago-based global insurance brokerage Hub International Limited (Hub), has acquired the Oklahoma-based retirement plan consulting and...
The Hilb Group Acquires Massachusetts’ DBR Group
Oct 16 2018 // The Hilb Group LLC has acquired Massachusetts-based DBR Group Inc. The transaction became effective October 1, 2018. Founded in 2004, DBR is an employee benefit and actuarial consulting firm providing a range of benefits...
Singapore’s Temasek Has Held Talks to Buy Stake in China’s Anbang: Sources
Oct 16 2018 // Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance Group Co. as well as some of its assets, according to people with knowledge...
