Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
TrueNorth Acquires Iowa’s Gateway Insurance Services
Jul 3 2018 // TrueNorth Companies has acquired Iowa-based Gateway Insurance Services, which will adopt the TrueNorth name and brand. With locations in Ames and Iowa Falls, Gateway Insurance Services has been committed to providing...
Marsh & McLennan Agency Acquires Maryland’s Insurance Associates
Jul 3 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Insurance Associates, a Rockville, Md.-based independent insurance agency specializing in the construction industry. Terms...
Legacy Acquirer DARAG Taps Booth from Randall & Quilter to Become Group CEO
Jul 3 2018 // DARAG, the Malta-based legacy acquirer, announced that Tom Booth has been appointed DARAG group CEO, effective July 23, to lead global expansion. Stuart Davies will remain executive chairman until the transition is...
Kemper Completes Acquisition of Specialty Auto Insurer Infinity P&C
Jul 2 2018 // Chicago-based insurer Kemper Corp. has closed on its $1.6 billion acquisition of Birmingham-based nonstandard auto insurer Infinity Property and Casualty Corp. The stock portion of the cash and stock deal announced in...
AFL Insurance Brokers Acquires Majority Stake in Employer Protection MGA
Jul 2 2018 // AFL Insurance Brokers Ltd. has acquired a controlling stake in specialist employer protection managing general agency (MGA) Concordia Employment Services Ltd., for an undisclosed sum. London-based Concordia was launched in...
Effective Coverage Acquires New York’s Bungalow Insurance
Jul 2 2018 // Effective Coverage has acquired Brooklyn, N.Y.-based BungalowInsurance.com, an online renters insurance platform geared toward the modern generation. Effective Coverage, a specialty provider of renters insurance and...
Partnering with Insurtech to Transform Rather Than Disrupt Insurance
Jul 2 2018 // The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change can seem disruptive,...
FERMA, Latin American Risk Mgmt. Group ALARYS Partner to Offer Rimap Certification
Jun 29 2018 // The Federation of European Risk Management Associations (FERMA) and Latin American risk management association ALARYS signed a memorandum of understanding to jointly promote the FERMA rimap® risk management certification...
Amazon to Buy Online Pharmacy Startup PillPack as Entry Into Health Care
Jun 28 2018 // Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health care business with a deal that will give the retail giant an immediate nationwide drug network. The move represents a formidable...
Florida-Based AssuredPartners Acquires B&W Brokers of London
Jun 28 2018 // AssuredPartners Inc., the Lake Mary, Fla.-based insurance broker, has acquired B&W Brokers Ltd. of London. Specializing in providing casualty and property insurance and placing binding authorities, B&W services...
Sirius Group Plans Nasdaq Listing After Merger with Easterly Acquisition
Jun 26 2018 // Sirius International Insurance Group, Ltd., the Bermuda-based re/insurer, plans to become a publicly listed company, trading on Nasdaq, after a planned merger with Easterly Acquisition Corp. Under the terms of the merger...
Partnering with Insurtech to Transform Rather Than Disrupt Insurance
Jun 26 2018 // The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change can seem disruptive,...
Alera Group Acquires Menath Insurance in Nevada
Jun 25 2018 // Alera Group has acquired Incline Village, Nev.-based Menath Insurance. Terms of the deal were not announced. Menath Insurance also has offices in Reno, and South Lake Tahoe, as well as in Susanville, Caif. Alera Group...
Marsh to Acquire Houston’s Wortham Insurance
Jun 25 2018 // Global insurance broker, Marsh, is acquiring Houston-based Wortham Insurance. Terms of the transaction, which is expected to close in the third quarter of 2018, were not disclosed. Founded in 1915, Wortham has more than...
Canada’s Western Financial Group Acquires Ontario Broker, Axion Insurance
Jun 25 2018 // Western Financial Group Inc. announced that it has acquired Axion Insurance Services Inc. of Ontario. The acquisition was completed on June 19, 2018 and will add 10 Ontario-based locations and approximately 60 insurance...
AXA Belgium Partners with Online Car Repair Platform Fixico
Jun 25 2018 // AXA, the Paris based insurance & asset management firm, and Fixico, a platform for cosmetic car repairs, after several months of joint testing, have just started to provide AXA’s customers in Belgium with an...
Arthur J. Gallagher Buys Marchetti, Robertson & Brickell Insurance and Bonding Agency
Jun 21 2018 // Illinois-based Arthur J. Gallagher & Co. has acquired Marchetti, Robertson & Brickell Insurance and Bonding Agency Inc., with offices in Ridgeland, Mississippi, and Kansas City, Missouri. Terms of the transaction...
Tokio Marine to Acquire Thai, Indonesian Operations of IAG for $390M
Jun 20 2018 // Tokio Marine Holdings Inc. announced on June 19 it has entered into a definitive agreement to acquire Thailand and Indonesia insurance businesses of Insurance Australia Group Ltd. (IAG) for approximately A$525 million...
Alera Group Acquires Kaercher Insurance in Nevada
Jun 19 2018 // Alera Group has acquired Las Vegas, Nev.-based Kaercher Insurance, which includes Kaercher Campbell, Kaercher Insurance Agency and Sundance Insurance. Terms of the deal were not disclosed. Kaercher Insurance offers...
Allianz’ CEO Seeks Big M&A – But He Doesn’t Want to Pay for It: Opinion
Jun 19 2018 // The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to have his cake and eat it. Three years into the job, and things...
