Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Some Bad Reasons to Buy Insurance
Aug 29 2018 // Why do people buy insurance? I’ll take a hand. Better yet, just shout out your answers. I just imagined someone sitting in a cubicle suddenly shouting, “It’s the law,” and that thought makes me...
Travelers’ Chapman to Lead IAT’s New Surety Unit After IFIC Acquisition
Aug 29 2018 // IAT Insurance Group has hired Ken Chapman as executive vice president, Surety, to lead IAT’s new surety business following IAT’s acquisition of IFIC Surety Group that is expected to close in the third...
Google Partners with Indian Banks to Attract Users to Its Digital Payments Services
Aug 29 2018 // Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital...
CPA Mutual Acquires Michigan’s Professional Management Consultants Assoc.
Aug 28 2018 // CPA Mutual, headquartered in Gainesville, Florida, has acquired Michigan-based Professional Management Consultants Association of America (PMCA) in a move to expand brand awareness among more CPA firms, particularly those...
Hong Kong’s FWD to Buy HSBC’s Stake in Malaysia Insurance Joint Venture: Sources
Aug 28 2018 // Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings Plc’s stake in a Malaysian insurance joint venture as part of a plan to expand its presence in Asia, three people familiar with the matter said. FWD,...
Private Equity Firm Apollo to Buy Aspen Insurance for $2.6 Billion
Aug 28 2018 // Apollo Global Management LLC, the investment firm led by Leon Black, agreed to acquire Aspen Insurance Holdings Ltd. for $2.6 billion, in the latest example of private equity investors expanding their insurance...
The Villages Insurance Partners of Florida Promotes Connell
Aug 27 2018 // The Villages Insurance Partners (TVIP) has promoted Rose Connell to Personal Lines executive manager. Connell’s new leadership role will have her working directly with the Personal Lines division to ensure client...
Allstate to Acquire Identity Theft Protection Firm InfoArmor
Aug 27 2018 // The Allstate Corp. has agreed to acquire InfoArmor, a provider of employee identity protection, for $525 million in cash. The insurer said it sees “significant opportunity to cross sell” the new product through...
Express Scripts, Cigna Shareholders Vote in Favor of $52 Billion Acquisition
Aug 27 2018 // Cigna Corp. shareholders on Friday voted in favor of the health insurer’s proposed $52 billion acquisition of pharmacy benefit manager Express Scripts Holding Co., although the deal still needs clearance from...
Kaplansky Insurance Acquires Massachusetts’ Lit-Flynn Insurance Agency
Aug 24 2018 // Kaplansky Insurance, an independent, locally owned agency in the Northeast, has acquired Lit-Flynn Insurance Agency in Randolph, Mass. Lit-Flynn Insurance Agency offers coverage on individual and personal insurance...
Reliance Partners of Tennessee Names Howell Chief Operating Officer
Aug 23 2018 // Reliance Partners, a commercial insurance agency headquartered in Chattanooga, Tenn., has promoted Laura Ann Howell to the position of chief operating officer. Laura Ann Howell Prior to the promotion, Howell began her...
The Hartford to Acquire Specialty Insurer Navigators in $2.1 Billion Deal
Aug 22 2018 // The Hartford Financial Services Group has agreed to acquire specialty insurer The Navigators Group in a transaction that values Navigators at approximately $2.1 billion. Under the terms of the agreement, Navigators...
Guy Carpenter Partners with RPC Consulting to Offer Re/Insurance Analytic Platform
Aug 22 2018 // Guy Carpenter & Co., the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Cos., announced a multi-year, global strategic partnership with Reynolds Porter Chamberlain Consulting...
Run-Off Venture Targets Florida Auto Insurer Peachtree Casualty for First Acquisition
Aug 22 2018 // International insurance and reinsurance company DARAG and U.S.-based acquisition specialist SOBC have formed a joint venture with SOBC DARAG in Delaware to support DARAG’s expansion into the U.S. and...
Baldwin Risk Partners of Florida Appoints Valentine as Chief Partnership Officer
Aug 21 2018 // Baldwin Risk Partners (BRP), the Tampa, Fla.-based insurance distribution and consulting holding company, is pleased to announce the appointment of John Valentine as chief partnership officer. Valentine joins BRP with more...
Jewelers Mutual Acquires Shipping Software Firm TransGuardian
Aug 20 2018 // Specialty insurer Jewelers Mutual Group has purchased the assets of TransGuardian Inc., a high-value item shipping and logistics software company. Terms of the transaction were not disclosed. Jewelers Mutual partnered with...
The Liberty Co. Acquires Majority Ownership of Mitchell & Mitchell in California
Aug 17 2018 // The Liberty Company Insurance Brokers has acquired majority ownership in Mitchell & Mitchell Insurance Agency of Novato, Calif. Liberty will become majority owner joining with several former shareholders of Mitchell...
The Liberty Company Insurance Brokers Acquires Majority Ownership of Mitchell & Mitchell Insurance Agency
Aug 17 2018 // Woodland Hills, CA, August 17, 2018 – The Liberty Company Insurance Brokers, based in Woodland Hills with offices throughout California, is proud to announce its newest partnership with Mitchell & Mitchell Insurance...
QBE North America Sells Its Personal Lines Business to Safeco
Aug 16 2018 // QBE North America has sold its personal insurance independent agency policies in 47 states to Safeco Insurance, a division of Liberty Mutual. The agreement was effective August 15, 2018. The terms of the transaction were...
AXIS Re Appoints PartnerRe’s Pollak to New Role as Head of Product Center
Aug 16 2018 // AXIS Capital Holdings Ltd. announced that Marcus Pollak has been appointed to the newly created role of head of Product Center for AXIS Re. Based in Zurich, Pollak will lead underwriting process and portfolio management...
