Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Legacy Acquirer DARAG Forms Partnership with Asset Manager New Nordic Advisors
Mar 26 2018 // DARAG, the European legacy acquirer, and New Nordic Advisors, a London-headquartered investment management company, announced the formation of a strategic partnership. DARAG and New Nordic will join forces in a number of...
IAT Insurance Acquires Excess and Umbrella Business from Rockhill Insurance
Mar 23 2018 // IAT Insurance Group (IAT) has reached a definitive agreement to acquire the renewal rights and certain associated assets for a book of surplus lines excess and umbrella insurance business from Rockhill Insurance Group....
Cloud-Based Insurtech Startup Insly Raises €2.2M ($2.7M) in Funding
Mar 23 2018 // Insly, a cloud-based insurance platform, announced an investment of €2.2 million (US$2.7 million), led by Concentric and Black Pearls VC. Founded in 2015, Insly offers insurance policy management for insurance brokers...
China’s Fosun Still Interested in Acquiring Greek Insurer if Winning Bid Collapses
Mar 23 2018 // Fosun International Ltd came up short in its bid to buy National Bank of Greece SA’s insurance unit, but the Chinese conglomerate is still willing to swoop in if the winning bid collapses, albeit at a different price...
JLT Specialty USA Names Dobos Leader of West Coast M&A Group
Mar 22 2018 // JLT Specialty USA has named Ted Dobos executive vice president and leader of JLT’s West Coast mergers and acquisitions practice. Dobos will be based in San Francisco, Calif. He has more than 25 years of finance,...
Oppenheim Named Partner at JLT Specialty’s Construction Risk Partners
Mar 22 2018 // JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), appointed Jon Oppenheim as partner to Construction Risk Partners. Based in Atlanta, Oppenheim will be a key leader in the development of...
MarshBerry Talent Acquisition Recruits 400th Producer
Mar 21 2018 // Woodmere, OH, March 21, 2018 – Marsh, Berry & Company, Inc.’s (“MarshBerry”) Talent Acquisition division recently crossed the 400 producers placed in the insurance industry threshold. At...
Service Insurance Holdings Acquires Oklahoma’s American Healthcare Indemnity
Mar 20 2018 // Service Insurance Holdings Inc. (SIHI), parent of Texas-based workers’ compensation insurer, Service Lloyds Insurance Co., has acquired American Healthcare Indemnity Co. (AHIC), an Oklahoma-based insurer. The new...
Title Insurer Fidelity National to Buy Competitor Stewart for $1.2 Billion
Mar 19 2018 // Title insurer Fidelity National Financial Inc. has agreed to acquire Stewart Information Services Corp. for approximately $1.2 billion. The consideration will be $50 per share of common stick, paid 50 percent in cash and...
Argo Group Acquires Italian Specialty Insurer Ariscom
Mar 14 2018 // Argo Group International Holdings is the proud new owner of Italian specialty insurer Ariscom, giving it an efficient way to expand through Europe. Neither side disclosed financial details. Argo Group CEO Mark E. Watson...
Michigan-Based Broker Acrisure Completes Acquisition of UK-Based Beach
Mar 13 2018 // London-based broker Beach & Associates announced the completion of its acquisition by Acrisure LLC, the Michigan-based retail consulting and insurance broker. Having obtained all necessary regulatory approvals,...
Stone Point Capital Completes Acquisition of Pennsylvania’s Genex Services
Mar 12 2018 // Genex Services (Genex), a Wayne, Penn.-based provider of cost containment services to the workers’ compensation, disability and auto industries, announced that funds managed by private equity firm Stone Point Capital...
How Insurer and Benefit Manager Mergers Squeeze Out Smaller Pharmacies
Mar 12 2018 // Over 20 years, Brian Komoto built a thriving pharmacy in California’s Central Valley. Each day, his nurses would travel the vast agricultural region’s roads to help hepatitis C patients take a grueling regimen...
Zurich Accelerates Growth of Cover-More Travel Insurance Unit with LatAm Acquisitions
Mar 12 2018 // Zurich Insurance Group accelerated the growth of Cover-More Group, its specialist global travel insurance and assistance solutions business, by entering into agreements to acquire the leading providers of traveler...
Salem Five Acquires Massachusetts’ Cape Ann Insurance
Mar 9 2018 // Salem Five has acquired Cape Ann Insurance, headquartered in Gloucester, Mass. The acquisition will help Salem Five better serve the insurance needs of its customers in the region, according to Salem Five President and CEO...
Optisure Risk Partners Merges with New Hampshire’s Masiello Insurance Agency
Mar 9 2018 // Optisure Risk Partners of Manchester, N.H., has merged with Masiello Insurance Agency of Keene, N.H. Founded in 2015, Optisure is a provider of risk management and insurance, with more than $175 million in insurance...
Cigna’s Proposed Acquisition of Express Scripts Faces Antitrust Review
Mar 9 2018 // Cigna Corp.’s proposed deal for Express Scripts Holding Co. faces a drawn-out merger review as the Trump administration’s antitrust enforcers weigh the competitive effects of a wave of consolidation sweeping...
Centerbridge-Led Consortium Completes $952M Acquisition of Canopius from Sompo
Mar 9 2018 // The $952 million acquisition of Canopius from Sompo Holdings has been completed by a private equity consortium led by Centerbridge Partners, L.P., which includes private investment firm Gallatin Point Capital LLC. Having...
Cigna to Buy Pharmacy Benefits Manager Express Scripts for $52 Billion
Mar 8 2018 // U.S. health insurer Cigna Corp. struck a $52-billion deal to buy pharmacy benefits manager (PBM) Express Scripts Holding Co on Thursday, looking for new ways to hold onto their profits as the industry faces greater...
Seeman Holtz Property & Casualty Acquires Self Insurance in Missouri
Mar 8 2018 // Seeman Holtz Property & Casualty Inc., headquartered in Boca Raton, Florida, has acquired a Sikeston, Missouri-based agency, Tri-Star of Sikeston Inc., doing business as Self Insurance. Now led by Brian Self, the...
