Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AIG Partners with Expedia to Provide Travel Insurance
Mar 5 2018 // Insurer American International Group Inc on Friday said that it has struck a deal with online travel services provider Brand Expedia Group to sell travel insurance to the company’s global customers. The move is part...
Alliant Acquires Hecht & Hecht’s P/C Operations in Oregon
Mar 5 2018 // Alliant Insurance Services Inc. has acquired Portland, Ore.-based Hecht & Hecht’s property/casualty insurance services. The deal will bring Hecht & Hecth’s P/C insurance services under the Alliant...
Manchester Underwriting Acquires Pelican Underwriting from Asta Capital
Mar 5 2018 // Manchester Underwriting Management Ltd. (MUM) announced it has acquired Pelican Underwriting One Ltd. from third party managing agent Asta Capital Ltd. Pelican Underwriting One trades as Pelican Underwriting and...
France’s AXA to Acquire P/C Insurer XL Group for $15.3 Billion
Mar 4 2018 // AXA SA agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of the U.S. property and casualty market as premiums rise after last year’s natural disasters. The French insurer is...
State Auto Sells Rockhill’s General Liability, Gas Distribution Business to K2 Insurance
Mar 2 2018 // State Auto Insurance is continuing its exit from the specialty insurance business, selling off more of the business of its excess and surplus lines subsidiary, Rockhill Insurance Group. The buyer this time is specialty...
Hub International Acquires Ontario-Based GMS Insurance
Mar 2 2018 // Hub International Ltd., a Chicago-based global insurance brokerage, announced that it has acquired the shares of GMS Insurance (SWO) Inc. Terms of the acquisition were not disclosed. Based in Kitchener, Ontario, GMS...
Nippon Life Agrees to Buy 85% Stake in MassMutual’s Japan Unit for $980M
Mar 2 2018 // Nippon Life Insurance Co said on Friday it had agreed to buy an 85 percent stake in the domestic unit of U.S.-based MassMutual Financial Group for about 104.2 billion yen ($980 million) as it aims to boost its...
U.S. Risk Announces Acquisition of L.A. Xcess Insurance Brokers, Inc.
Mar 2 2018 // Dallas, TX, March 2, 2018—U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property and Casualty wholesaler, announced today that it has acquired L.A. Xcess Insurance Brokers, Inc., a Los Angeles,...
JLT Acquires U.S. Trade Credit and Political Risk Broker IRC
Feb 28 2018 // Global broker Jardine Lloyd Thompson Group (JLT) has acquired International Risk Consultants (IRC), a U.S. broker specializing in specialist trade credit and political risk insurance. Based in Columbus, Ohio, and operating...
Navion Acquires Assets of California-Based James LasCola Insurance Services
Feb 27 2018 // Navion Insurance Associates has acquired the assets of Laguna Hills, Calif.-based James LasCola Insurance Services. Terms of the deal were not disclosed. LasCola’s leadership team will join Navion Insurance...
Allianz Investment Unit Provides Funding for Fintech Startup C2FO
Feb 27 2018 // Financial technology startup C2FO raised $100 million in funding in a new round led by the investing arm of global insurance and asset management giant Allianz SE as well as Abu Dhabi’s Mubadala Investment Co. With...
Zurich Acquires QBE’s Latin American Operations for US$409M
Feb 26 2018 // Zurich Insurance Group has entered into an agreement to acquire the Latin American operations of Australian insurer QBE Insurance Group Ltd. for a total aggregate price of US$409 million, subject to closing...
Buffett Eyes ‘Huge’ Acquisitions But Not in Insurance
Feb 26 2018 // Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make “one or more huge acquisitions” of non-insurance businesses to bolster results at his conglomerate...
Ryan Specialty Group to Acquire New Jersey’s New Day Underwriting Managers
Feb 22 2018 // Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day will...
Risk Strategies Acquires New York City’s Prosurance Redeker Group
Feb 22 2018 // Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired New York City-based Prosurance Redeker Group LTD., a specialty brokerage serving architects...
Pennsylvania’s V3 Insurance Partners Names Janitschke Chief Operating Officer
Feb 21 2018 // V3 Insurance Partners LLC, a Newtown, Penn.-based specialty insurance program administrator, has named Brian Janitschke chief operating officer. In this role, he will be based in V3’s Newtown offices and will focus...
Flooded Out North Dakotans Offered Incentives to Buy New Homes
Feb 20 2018 // Minot residents whose homes were damaged by the 2011 Souris River flooding or are being bought out for flood protection might be eligible to up to $60,000 for help purchasing another home. The flood damaged or destroyed...
Brown & Brown Acquires New York’s yourPFO Consulting
Feb 20 2018 // Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Purchase, N.Y.-based yourPFO Consulting LLC (yourPFO). yourPFO represents many large company...
Kemper Corp. Acquires Infinity Property & Casualty of Alabama for $1.4B
Feb 20 2018 // Birmingham, Ala.-based Infinity Property and Casualty were bought for $1.4 billion. Kemper Corp. acquired the auto insurance provider in a cash and stock transaction, making it one of the largest nonstandard auto insurers...
The Hartford to Acquire Foremost’s Commercial Lines Business
Feb 19 2018 // The Hartford has agreed to acquire Foremost Insurance branded small commercial lines business from Farmers. The Hartford is acquiring the renewal rights on $200 million in small commercial lines premium sold through about...
