Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Weather Analytics Expands with Acquisition of Software Firm Athenium
May 16 2018 // Insurance and risk data firm Weather Analytics said it has further expanded its offerings beyond weather information by acquiring Athenium Inc., a Waltham, Massachusetts-based claims and underwriting assessment software...
Marsh Networks Arranges M&A Financing Deal for Member Agencies for M&As
May 16 2018 // Marsh Networks announced a deal with Shawbrook Bank to help its network members secure bank loans to fund mergers and acquisitions or to sell their businesses. As part of the arrangement, Marsh Networks will introduce...
The Evans Agency Acquires New York’s Richardson & Stout Insurance
May 16 2018 // The Evans Agency LLC, a wholly owned insurance subsidiary of community financial services company Evans Bancorp Inc., has acquired the business of Richardson & Stout Insurance (R&S) of Wellsville, N.Y. The...
Seeman Holtz P&C Acquires First Choice Insurance Agency in Missouri
May 15 2018 // Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida has acquired First Choice Insurance Agency Inc., headquartered in Poplar Bluff, Missouri. First Choice Insurance has been serving the Poplar Bluff,...
AssuredPartners Acquires Iowa’s Peoples Insurance Agency
May 15 2018 // Lake Mary, Florida-based AssuredPartners Inc. has expanded into Iowa with the acquisition of the Peoples Insurance Agency (PIA), headquartered in Waverly. PIA has been the family owned and operated trusted insurance...
NFP Acquires 1st Community Insurance Services in California
May 15 2018 // NFP Corp. has acquired Palm Springs, Calif.-based 1st Community Insurance Services Inc. Terms of the deal were not disclosed. Principals of the firm Ernie Santora, Dean Nickodemus and Ken Conrad will report to Roger...
AXA Says Funding to Buy XL Group Is All Set
May 14 2018 // AXA said on Monday it had secured financing for the 12.4 billion euros ($14.9 billion) acquisition of XL Group and was not dependent on the issuance of any additional debt following the flotation of part of its U.S. unit,...
HDI Global, Hannover Re Merge Units to Create Specialty Insurance Joint Venture
May 14 2018 // Hannover Re and HDI Global SE are merging their specialty activities in a new joint venture. The new company, HDI Global Specialty SE, will write agency and specialty insurance business in lines such as errors &...
Seeman Holtz P&C Acquires Louisiana’s Affiliated Insurance Managers
May 11 2018 // Florida-based Seeman Holtz Property & Casualty Inc. has acquired the book of business of Affiliated Insurance Managers Inc., headquartered in Morgan City, Louisiana. With over 30 years of serving the state of...
Arthur J. Gallagher to Acquire Texas MGA, Pronto
May 10 2018 // Arthur J. Gallagher & Co. has agreed to acquire 100 percent of the equity interests of Pronto Holdco LLC, the parent company of Pronto Insurance (Pronto). The transaction is subject to customary closing conditions and...
Marsh’s Jelf Completes Acquisition of Clark Thomson of Scotland
May 10 2018 // Marsh insurance broking and consulting subsidiary Jelf reports it has completed its previously announced acquisition of Clark Thomson, Scotland’s largest independent insurance broker. Established in 1965, Clark...
Alera Acquires Courtney Group in Chicago
May 10 2018 // Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm based in Deerfield, Illinois, has acquired Courtney Group, located in Highland Park, Illinois. Courtney Group...
Prime Risk Partners Finalizes Acquisition of Roblin Insurance of Boston
May 10 2018 // Prime Risk Partners Inc. has finalized its acquisition of Roblin Insurance, an independent insurance agency in the Boston area providing commercial, personal, and employee benefits risk management. Roblin Insurance will...
Zurich Insurance CFO: ‘We Don’t Exist to Do M&A’
May 9 2018 // Zurich Insurance has no plans for a big merger, it said on Wednesday, despite speculation of a pick-up in dealmaking in the industry and that the Swiss company could get involved. The insurer’s comments came as it...
Alera Group Acquires Oklahoma’s Benefit Plan Strategies
May 9 2018 // Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm based in Deerfield, Illinois, has acquired Benefit Plan Strategies (BPS), headquartered in Tulsa, Oklahoma. Alera...
Cyber Insurance Startup At-Bay Secures $13 Million in Funding
May 9 2018 // California-based At-Bay, a digital cyber risk monitoring and insurance firm, reports it raised $13 million in Series A funding, bringing the start-up’s total funding to $19 million. At-Bay is developing what it calls...
Gallagher Acquires UK Regional Commercial Broker Risk Services (NW)
May 9 2018 // Insurance broker Gallagher reports it has acquired regional commercial insurance broker Risk Services (NW) Ltd., based in Chester. Terms of the transaction were not disclosed. Risk Services was established in 1999 by...
USI Closes Acquisition of New York’s Key Insurance & Benefits Services
May 9 2018 // USI Insurance Services (USI) announced the closing of its acquisition of Key Insurance & Benefits Services Inc., formerly part of KeyBank. Terms of the transaction were not disclosed. USI is a Valhalla,...
Hub International Acquires the Assets of Tennessee-Based The Barnett Group
May 9 2018 // Hub International Limited has acquired the assets of Barnett Corporate Insurers, LLC (or The Barnett Group). Terms of the acquisition were not disclosed. Headquartered in Memphis, Tenn., The Barnett Group provides employee...
Leavitt Group Acquires HBT Insurance in Washington
May 8 2018 // Auburn, Wash.-based HBT Insurance has been acquired by Leavitt Group. HBT will affiliate with the group and merge with Leavitt Group Northwest. Terms of the deal weren’t announced. HBT’s Bill Cowart and Bob...
