Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
French Broker Verlingue Triples Its Size in UK Market with Acquisition of ICB Group
Sep 4 2018 // Specialist corporate insurance broker Verlingue announced it has acquired independent UK broker ICB Group. Financial details of the deal were not released. With the acquisition of Egham, England-based ICB, Verlingue...
Munich Re Acquires Tech Firm Relayr, an Industrial Internet of Things Specialist
Sep 4 2018 // Munich Re announced it is taking a further key step to create new business models in industrial Internet of Things (IoT) through the acquisition of the software company “relayr” via Munich Re’s...
French Reinsurer SCOR Spurns $9.6B Acquisition Offer from Insurer Covea
Sep 4 2018 // French reinsurer SCOR SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it’s still interested in pursuing a deal. SCOR shares climbed the most in...
Trireme Insurance Group Announces Acquisition of MGB Insurance Brokers Limited
Sep 4 2018 // London, UK, September 4, 2018—Trireme Insurance Group, the international subsidiary of U.S. Risk Insurance Group, LLC, is pleased to announce that it has acquired MGB Insurance Brokers Limited (MGB). MGB will operate...
New York Approves AXA Acquisition of XL Group
Sep 3 2018 // France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators have given their approval of the deal. New York’s Department of Financial Services (DFS) on...
Markel to Acquire Insurance-Linked Securities Manager Nephila
Aug 31 2018 // Specialty insurer Markel Corp. has agreed to acquire all of the outstanding shares of Nephila Holdings, a standalone insurance-linked securities manager. Nephila, has more than $12 billion of assets under management for...
Canopius Signs Partnership with Credit and Political Risk MGA, Anvil Underwriting
Aug 31 2018 // Canopius announced it has signed a partnership with Anvil Underwriting Ltd., a credit and political risk managing general agent (MGA). The agreement is effective from Sept. 3 and will allow Anvil to underwrite credit...
Elkann Steps Down as Chairman of PartnerRe, Succeeded by Dowd
Aug 31 2018 // PartnerRe Ltd. announced that Brian Dowd will succeed John Elkann as chairman of the company’s board of directors, effective Sept. 1. Elkann, who is chairman and CEO of PartnerRe’s parent company, EXOR, will...
Holman Insurance Services Expands Offerings in Florida, Acquires Murray Insurance
Aug 31 2018 // Holman Insurance Services, a full-service brokerage offering personal and commercial insurance products headquartered in New Jersey, has expanded its personal insurance coverage into the Florida market. Offering a...
Seeman Holtz Acquires Indiana Agency, Ritman & Associates
Aug 30 2018 // Seeman Holtz Property & Casualty Inc. has acquired Noblesville, Indiana-based Ritman & Associates Inc., which specializes in professional liability insurance. Jennifer Ritman has built a boutique insurance agency...
Roost Partners with New York-Based Kingstone Insurance
Aug 30 2018 // Roost, a provider of home telematics for property insurance carriers, has partnered with New York-based Kingstone Insurance. Roost is a technology company headquartered in Sunnyvale, Calif. Kingstone is a property and...
TransRe Buys Certain Renewal Rights from Maiden Re; Talks to Sell Maiden Re Advance
Aug 30 2018 // TransRe has acquired the exclusive renewal quotation rights to all of Maiden Reinsurance North America’s U.S. treaty customers from their diversified business. TransRe has also hired the U.S. treaty team from Maiden...
SLTX: Houston City Council to Buy $30M in Cyber Insurance Coverage
Aug 29 2018 // The Houston City Council voted unanimously to purchase $30 million in cyber insurance coverage at a total premium cost of $471,000. The policy provides first-party coverage for the city’s operations, third-party...
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...
