Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Octo Telematics’ Execs to Buy 20% of Russian Shareholder Stake, Paving Way for IPO
Apr 13 2018 // Italy’s Octo Telematics announced that its chairman and chief executive have signed a binding agreement to purchase 20 percent of Octo’s shares from Russian company Renova Holdings. This share purchase will...
Allianz Partners with Drivy in UK to Provide Insurance for Car Sharing Platform
Apr 13 2018 // Allianz Insurance has partnered with Drivy (UK) to provide insurance for users of its car sharing platform. Drivy, a car sharing operator, links drivers, who need a car on a short-term basis, with vehicle owners who want...
Specialty Program Group Acquires Norman-Spencer’s Marine/Crane Business
Apr 12 2018 // Specialty Program Group LLC (SPG), an insurance holding company for specialty brokerages and underwriting facilities, has acquired the assets of Ohio-based Norman-Spencer Agency’s (NSA) crane program, personal lines...
Alliant Insurance Services Enters Agreement to Acquire New York’s Crystal & Company
Apr 12 2018 // Alliant Insurance Services, a Newport Beach, Calif.-headquartered specialty insurance brokerage firm, has entered into a definitive agreement to acquire New York-based Crystal & Company. Pursuant to the agreement, the...
VC Firm Eos Venture Partners Plans to Raise $100M for Insurtech Investment Fund
Apr 12 2018 // Eos Venture Partners, the insurance technology-focused venture capital firm, announced plans to raise a $100 million debut fund, EVP I. The fund will be one of the first global, independent insurtech investment funds...
Marsh Subsidiary Jelf to Acquire Scottish Insurance Broker Clark Thomson
Apr 12 2018 // Jelf, a consultant that specializes in insurance, risk management and employee benefits, announced it has reached an agreement to acquire Clark Thomson, Scotland’s largest independent insurance broker. The...
China’s Ant Financial Targets at Least $8B in Investor Funding: Sources
Apr 11 2018 // China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion, which could see its valuation jumping to about $150 billion, people with knowledge of the plan...
Arthur J. Gallagher Acquires Houston’s Integrity Transportation Insurance
Apr 10 2018 // Arthur J. Gallagher & Co. has acquired Houston-based Integrity Transportation Insurance Agency LLC. Terms of the transaction were not disclosed. Integrity Transportation Insurance Agency is a retail property/casualty...
Keating Names Glaser Partner in California
Apr 9 2018 // Keating Inc. has named Lee Glaser as a partner in its property programs. Glaser will be based out of San Diego, Calif. Glaser has more than 10 years of industry experience specializing in excess and surplus property...
Worldwide Facilities to Acquire Sullivan Group
Apr 9 2018 // Two leading Los Angeles-based national wholesale insurance businesses will be joining forces as Worldwide Facilities has agreed to acquire The Sullivan Group. Worldwide Facilities plans to acquire all of the outstanding...
Hub International Acquires British Columbia-Based ES3 Insurance Services
Apr 9 2018 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the shares of ES3 Insurance Services Ltd. operating as ES3 Advisory. Terms of the acquisition were not disclosed. Headquartered in...
BB&T Insurance to Acquire Regions Insurance Group
Apr 6 2018 // BB&T Insurance Holdings, which is owned by financial services firm BB&T Corp., has agreed to acquire another bank-owned insurance broker, Regions Insurance Group, from Regions Financial Corp. No terms were...
