Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
XL Group Shareholders Give AXA Acquisition Green Light
Jun 7 2018 // Insurer XL Group’s shareholders have approved an agreement for AXA to acquire 100 percent of XL Group. Total consideration for the planned acquisition would amount to approximately USD $15.3 billion, to be fully paid...
Arthur J. Gallagher Closes Acquisition of Texas MGA, Pronto Insurance
Jun 6 2018 // Arthur J. Gallagher & Co. has completed the acquisition of Brownsville, Texas-based managing general agency (MGA), broker and claims administrator Pronto Insurance. Pronto’s primary business is the placement of...
Argo Group Rebrands Newly-Acquired Ariscom to ArgoGlobal Assicurazioni
Jun 6 2018 // Bermuda-based specialty insurer and reinsurer Argo Group International Holdings is rebranding its subsidiary Ariscom to ArgoGlobal Assicurazioni following Argo Group’s acquisition of the digital Italian specialty...
Associated Benefits and Risk Consulting Closes Acquisition of Minnesota Agency
Jun 6 2018 // Associated Banc-Corp (Associated) subsidiary, Associated Benefits and Risk Consulting (ABRC), has closed its acquisition of Anderson Insurance & Investment Agency Inc. (Anderson), an independent insurance agency based...
Brown & Brown Acquires Servco Pacific Insurance in Hawaii
Jun 5 2018 // Brown & Brown Inc. has completed its acquisition of Servco Pacific Insurance. Terms of the deal were not disclosed. SPI’s Hawaii operations will become Brown & Brown’s primary retail presence in the...
Hub International Limited Acquires Shares of Washington D.C.’s Flather & Perkins
Jun 5 2018 // Hub International Limited, a global insurance brokerage, has acquired the shares of Flather & Perkins Inc. Terms of the acquisition were not disclosed. Headquartered in Washington, D.C., and founded in 1917, Flather...
Chahine Named Chief Executive Officer of AXA Partners
Jun 5 2018 // Gilbert Chahine has been appointed chief executive officer of AXA Partners, the entity of the AXA Group Innovation Business Unit dedicated to forging global insurance and business partners. Prior to this appointment,...
NBIS Partners with Old Republic on Insurance for Heavy Equipment Industry
Jun 5 2018 // NationsBuilders Insurance Services, Inc. (NBIS) has formed a new market partner relationship with Old Republic Specialty Insurance Underwriters. NBIS is adding coverage authorized by Old Republic Specialty Insurance...
Risk Strategies Acquires Cincinnati Intermediaries
Jun 4 2018 // National insurance brokerage and risk management firm, Risk Strategies, has acquired Ohio-based Cincinnati Intermediaries LLC, a specialty wholesale brokerage and managing general underwriter (MGU) focused on professional...
North Dakota’s NI Holdings to Acquire Direct Auto Insurance
Jun 4 2018 // North Dakota-based NI Holdings Inc. has agreed to purchase Direct Auto Insurance Co. (Direct Auto), headquartered in Chicago. Direct Auto underwrites specialty automobile insurance in Illinois through independent agents....
Specialty Program Acquires Assets of PPIB in California
Jun 4 2018 // Specialty Program Group LLC has acquired the assets of Novato, Calif.-based Professional Program Insurance Brokerage. Terms of the deal were not disclosed. Susan Preston, president of PPIB, will continue to run the...
Sompo International Completes Acquisition of Lexon Surety
Jun 4 2018 // Bermuda-based specialty insurer Sompo International Holdings has completed the acquisition of the operating subsidiaries of Lexon Surety Group. The deal was first announced in January. Lexon, the second largest independent...
Stroock Hires Chung as a Partner in Its New York Office
Jun 4 2018 // Stroock has hired Huhnsik Chung as a partner in the firm’s insurance and reinsurance practice within its New York office. He arrives to the firm from Baker McKenzie, where he chaired the North America Insurance...
Ryan Specialty Completes Acquisition of Lodestar Marine of London
Jun 4 2018 // Ryan Specialty Group has completed its acquisition of Lodestar Marine Limited of London. Within RSG, Lodestar’s operations are a part of RSG Underwriting Managers, the managing general underwriting division of Ryan...
Kemper, Infinity Shareholders Approve Merger
Jun 1 2018 // Kemper Corp. and Infinity Property and Casualty Corp.reported that the companies’ respective shareholders approved proposals related to the agreement announced in February under which Kemper will acquire...
Investor Group Acquires Connecticut’s Talcott Resolution from The Hartford
Jun 1 2018 // Talcott Resolution, The Hartford’s run-off life and annuity businesses, has been acquired by an investor group led by Cornell Capital LLC, Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group,...
Worldwide Facilities Acquiring RIC Insurance in California
May 31 2018 // Worldwide Facilities LLC has acquired the assets of Santa Rosa, Calif.-based RIC Insurance General Agency Inc. Terms of the deal weren’t disclosed. RIC will continue to maintain its client and market relationships...
Rivals Uber, Waymo in Talks About Driverless Ride Hailing Partnership
May 31 2018 // Uber Technologies Inc. is talking with Alphabet Inc.’s autonomous driving unit Waymo about using its technology on Uber’s ride-hailing app, Uber Chief Executive Dara Khosrowshahi said on Wednesday, signaling a...
Allianz Group to Acquire 8% of Africa Re
May 30 2018 // Allianz Group has agreed to acquire eight percent in African reinsurer Africa Re. The total cash consideration payable at closing would amount to USD$ 81 million (or Euro 69 million). Africa Re has been operating for 42...
RightSure Acquires ETNA Insurance Agency in Arizona
May 29 2018 // RightSure Insurance Group has acquired Tucson, Ariz.-based ETNA Insurance Agency. Terms of the deal were not disclosed. The purchase is RightSure’s 11th book of business acquisition. Current ETNA executives and...
