Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
China’s Baidu Selling Majority Stake in Fintechs; May Enter Insurance
Apr 30 2018 // China’s Baidu Inc. said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it looks to deepen its push...
Worldwide Facilities Completes Acquisition of Sullivan Group
Apr 27 2018 // Worldwide Facilities has completed its acquisition of Gerald J. Sullivan & Associates, a national specialty intermediary that trades as The Sullivan Group. Worldwide Facilities acquired all of the outstanding capital...
Chubb CEO Greenberg Is Patient Over M&A But Not With London Market ‘Drunks’
Apr 27 2018 // Don’t expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an “overpriced” market. “The prices...
Reliance Partners Taps Johnson to Lead New Florida Office
Apr 27 2018 // Reliance Partners has expanded with the addition of a new office in Vero Beach, Fla. The expansion marks the fifth office location for Reliance with additional expansion plans underway. Doug Johnson will lead the new South...
Seeman Holtz Acquires Houston Agency’s Marine, Motorcycle Business
Apr 26 2018 // Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida, has acquired the marine and motorcycle insurance business of Elton Porter Insurance Agency in Houston, Texas. Members of the Elton Porter sales and...
Allianz Proceeds with Euler Hermes Acquisition, Delisting
Apr 25 2018 // Allianz Group said it will soon complete the acquisition of Euler Hermes minorities and will delist the trade credit insurer from the Euronext Paris stock exchange. Following the completion of the simplified tender offer...
Hub Acquires Assets of Washington-Based BK-JET Group
Apr 24 2018 // Hub International Ltd. has acquired the assets of Spokane, Wash.-based BK-JET Group LLC. Terms of the deal were not disclosed. Joining Hub Northwest are BK-JET’s founding partners Josh Tyndell, Erin Repp, Tom Blue,...
IBHS, Alabama Insurance Underwriting Association Partner on Roof Aging Farm
Apr 24 2018 // The Alabama Insurance Underwriting Association (AIUA) has partnered with the Insurance Institute for Business & Home Safety (IBHS) to develop a roof aging farm in Foley, Ala. This longer-term research project was...
Missouri’s Midland Commerce Insurance Buys Dublin Insurance Agency
Apr 24 2018 // St. Louis, Missouri-based Midland Commerce Insurance has purchased Dublin Insurance Agency, a family owned and operated company that was founded in 1964 by Tom Mooney and later bought by owner Eileen Markham in...
Reliance Partners of Tennessee Adds Seidl as V.P. of Risk Services
Apr 24 2018 // Reliance Partners has added John Seidl as vice president of Risk Services in its Chattanooga, Tenn., office. Seidl is a former Wisconsin State Motor Carrier Trooper and FMCSA Investigator with more than 20 years of...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
Apr 23 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented their ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management...
AssuredPartners Acquires The Elan Group of Florida
Apr 23 2018 // AssuredPartners, Inc. has acquired The Elan Group of Tampa, Fla., an employee benefits firm specializing in the design, enrollment and service of employee benefits plans. The company’s staff of 21 will remain under...
Business Risk Partners Teams With Aspen on Agents Professional Liability Coverage
Apr 20 2018 // Program administrator Business Risk Partners (BRP) has released an expanded professional liability form for insurance agents and brokers through Aspen American Insurance Co., part of Aspen Insurance Holdings Limited. The...
Sedgwick Adds 6,000 Claims Specialists with Acquisition of Cunningham Lindsey
Apr 20 2018 // Memphis-based global claims services firm Sedgwick has finalized the acquisition of competitor global loss adjusting and claims management firm Cunningham Lindsey and its subsidiaries. Sedgwick purchased its competitor...
Dean & Draper Acquires Houston’s Texas Printers Insurance
Apr 19 2018 // Dean & Draper Insurance Agency LP has acquired Houston-based Texas Printers Insurance Agency (TPIA). TPIA specializes in risk management and property/casualty insurance. The agency also offers employee benefits for...
Justice Department to Review Cigna’s Bid to Buy Express Scripts
Apr 19 2018 // Cigna Corp. confirmed that its proposed $54 billion acquisition of Express Scripts Holding Co. will be reviewed by the U.S. Department of Justice, which has raised the bar for approving deals that don’t combine...
Patent Litigation Insurer RPX Insurance Services Partners with Great American
Apr 19 2018 // Great American Insurance Company and RPX Insurance Services, LLC (RPXIS), a wholly owned subsidiary of RPX Corporation, have entered into a limited binding authority agreement. Under the terms of the agreement, RPX...
DFW Capital Partners Becomes Majority Owner of New York’s ReSource Pro
Apr 18 2018 // DFW Capital Partners, a 35-year-old private equity firm based in New Jersey, has completed an investment in ReSource Pro, becoming the company’s majority owner. ReSource Pro, a New York-based provider of operations...
Plymouth Rock Assurance Entering N.Y. Insurance Market With Latest Acquisition
Apr 17 2018 // Plymouth Rock Assurance Corporation (PRAC) is entering the New York insurance market with its acquisition of 21st Century National Insurance Company (National). PRAC previously brought its insurance portfolio to...
Willis Towers Watson Partners with IBM Security to Expand Cybersecurity Services
Apr 16 2018 // Willis Towers Watson will begin integrating IBM Security’s suite of services – from security testing and technical assessments to incident response and cyber resiliency services – to help clients assess, protect...
