Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
RSG Completes Acquisition of Certain Assets of New York’s ARC Specialty Brokerage
Aug 2 2018 // Ryan Specialty Group LLC (RSG) has completed its acquisition of certain assets of ARC Specialty Brokerage LLC, the property and casualty division of ARC Excess & Surplus LLC, a wholesale insurance brokerage based in...
Insurtech Firm Wefox Seeks New Funding with Softbank Among Investors: Sources
Aug 2 2018 // Wefox, one of Europe’s fastest-growing insurance technology firms, is close to settling on a new “triple-digit million” euro funding round, with Softbank’s Vision Fund among the suitors, three...
AIG, Carlyle Group Partner to Build Reinsurer, Run-Off Firm for Complex Risks
Aug 1 2018 // Global insurer American International Group and private equity and financial services firm The Carlyle Group are forming a partnership to build a standalone provider of reinsurance, claims handling and run-off management...
Update: Chubb Partners with Uber to Cover South African Drivers
Aug 1 2018 // Uber Technologies Inc. is partnering with insurance company Chubb Ltd. to cover its South African drivers in case of death or injury as violent attacks plague the country’s cities. The new deal will pay out a lump...
Crest Insurance Acquires Colorado Restaurant Insurance
Jul 31 2018 // Crest Insurance Group has acquired Colorado Restaurant Insurance. Colorado Restaurant Insurance will operate as Crest Restaurant Insurance. Sean Pechan will remain president of Crest Restaurant Insurance and the company...
Broker Ed Appoints Jordan from Lloyd & Partners as Divisional Director, Marine
Jul 31 2018 // Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Patrick Jordan as divisional director, Marine. Based in London, he takes up his role with immediate effect and reports to...
AXIS Launches AXIS Digital Ventures to Accelerate Innovation via Insurtech Partners
Jul 31 2018 // AXIS Capital Holdings Ltd. announced the launch of AXIS Digital Ventures, a new unit that will lead enterprise-wide efforts to partner with insurtech companies that focus on high value re/insurance applications, new...
RSG to Acquire Certain Assets of New York’s ARC Specialty Brokerage
Jul 30 2018 // Ryan Specialty Group LLC (RSG) and ARC Excess & Surplus LLC (ARC) have entered into a definitive agreement in which RSG will acquire certain assets of ARC Specialty Brokerage LLC, the P&C Division of ARC, a...
Chubb Partners with DynaRisk to Offer Cyber Loss Mitigation Service in UK, Ireland
Jul 30 2018 // Chubb has partnered with cyber security company DynaRisk to offer a cyber loss mitigation service to Chubb’s Cyber Enterprise Risk Management policyholders in the UK and Ireland. The DynaRisk service assesses a...
French Insurer CNP Declines to Comment About Merger Speculation
Jul 30 2018 // French insurer CNP, which has been the subject of merger speculation, reiterated its annual earnings growth targets as it posted higher interim net profits. CNP’s first-half net profits rose 2.3 percent to 672...
Aspen MGA, Tower Hill Specialty Partner on Property Programs in Texas
Jul 26 2018 // Aspen Managing General Agency, a division of Atlanta-based Allstar Financial Group, has partnered with Tower Hill Specialty (THS) to offer property insurance programs in Texas. Tower Hill Specialty offers a range of...
Seeman Holtz Acquires Lakes Insurance Group of Florida
Jul 26 2018 // Seeman Holtz Property & Casualty, Inc. has acquired Lakes Insurance Group, a South Florida agency specializing in commercial insurance serving thousands of South Florida business owners. With this acquisition, Seeman...
Chinese Acquisitions of High-Tech Firms Pose Security Risk: German Spy Chief
Jul 25 2018 // Chancellor Angela Merkel’s top counterintelligence official said Chinese acquisitions of high-tech companies in Germany represent a potential national-security threat. The head of Germany’s top domestic...
China’s Fosun Weighs Acquisition of Belgian Insurer Ageas
Jul 25 2018 // Fosun International Ltd., the Chinese group backed by billionaire Guo Guangchang, is considering an offer for all or parts of Belgian insurer Ageas in what could be its boldest move to expand its international footprint,...
M&A Deals Likely to Become More Challenging as Sellers Seek High Deal Values
Jul 24 2018 // The current operating environment continues to prompt mergers & acquisitions (M&A) among insurers and reinsurers. However, the number of potential M&A candidates has declined and sellers’ expectations of...
Virginia’s The Hilb Group Acquires Southern Maryland Insurance
Jul 24 2018 // The Hilb Group LLC (THG) has acquired Southern Maryland Insurance Inc. (SMI). The transaction became effective July 1, 2018. Located in Bowie, Md., SMI is primarily a property/casualty insurance agency offering coverages...
AssuredPartners Acquires Hutson Insurance Group in Texas
Jul 23 2018 // AssuredPartners Inc. has acquired the Hutson Insurance Group located in Plano, Texas. The Hutson Insurance Group is a full-service insurance broker that has served the Plano and the North Texas marketplace for over twenty...
Core Assurance Partners Acquires Virginia’s E.L. Creech & Co.
Jul 20 2018 // Core Assurance Partners, a financial services company headquartered in Hampton Roads, Va., has acquired E. L. Creech & Co. Inc., a fourth-generation, family-owned property and casualty firm based in Virginia Beach,...
Brown & Brown Subsidiary Acquires Texas MGA and Arkansas Affiliate
Jul 19 2018 // Texas Security General Insurance Agency LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Loving and Etheredge Inc. d/b/a Texas Commercial Insurance Facilities (TCIF) and its...
Cook Maran & Associates Acquires New York’s Joseph P. Price Agency
Jul 19 2018 // Cook Maran & Associates, a New York and New Jersey insurance broker and the New York metropolitan area platform for Prime Risk Partners (PRP), has acquired Joseph P. Price Agency (Price). Price is a Long Island,...
