Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Hilb Group Acquires Majority of Assets from New Jersey’s IOA Northeast NY Inc.
Nov 16 2017 // The Hilb Group LLC (THG) has acquired the majority of the assets of IOA Northeast NY Inc. (IOANE), a division of IOA National Inc. The transaction became effective November 1, 2017. Located in Florham Park, N.J., IOANE...
Brand Strength, Serial Acquirers to Drive Next Wave of Insurance M&As: Willis Towers Watson
Nov 16 2017 // Fewer insurance mergers and acquisitions (M&As) are being completed these day but those that are completed are of a higher value, according to a survey by global broker Willis Towers Watson in conjunction with M&A...
The Hilb Group Acquires Massachusetts’ HR Knowledge
Nov 15 2017 // The Hilb Group LLC (THG) has acquired HR Knowledge (HRK) in a transaction that became effective November 1, 2017. HRK is THG’s 40th acquisition since it was founded in 2009 and its 10th acquisition this year. Located...
France’s AXA to Focus on M&A in 16 Countries; Eyes Sale of Some Non-Core Assets
Nov 14 2017 // French insurer AXA will narrow its acquisition focus to 16 key countries and could sell some assets in markets where it lacks scale, its executives said on Tuesday. “We want to focus on fewer countries. We want to...
Alera Group Acquires Illinois Professional Liability Broker, Flagship Healthcare
Nov 14 2017 // Deerfield, Illinois-based Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired Flagship Healthcare, a physician-owned insurance brokerage specializing...
Arthur J. Gallagher Acquires Associated Insurance Services in California
Nov 14 2017 // Arthur J. Gallagher & Co. has acquired Westlake Village, Calif.-based Associated Insurance Services Inc. Terms of the deal were not disclosed. Michael C. Creswell, Tim McClain, Megan B. Gaines and their associates will...
NIF Group Acquires Connecticut’s Agency Intermediaries and Massachusetts’ A.I.I.
Nov 14 2017 // NIF Group Inc. (NIF), a wholesale broker, program administrator and managing general agency, and its parent company JenCap Holdings LLC (JCH) have agreed to acquire privately held Agency Intermediaries Inc. and A.I.I....
Seeman Holtz Property & Casualty Acquires Check Out Insurance in Dallas
Nov 13 2017 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Check Out Insurance LLC, headquartered in Dallas. Check Out Insurance will be joining the Primera Capital team to bring a solid book of...
Lloyd’s Approves Dale Underwriting Partners’ Special Purpose Arrangement
Nov 13 2017 // Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced that its special purpose arrangement (SPA) has received approval from Lloyd’s. The SPA will reinsure a portfolio of...
HPM Insurance Acquires New Hampshire’s Byse Agency
Nov 13 2017 // HPM Insurance, an Amherst, N.H.-headquartered insurance agency, has acquired Byse Agency Inc. of Laconia, N.H. Byse Agency has met the insurance needs of individuals and businesses since its incorporation in 1932 and has...
China Unveils Rules Allowing Foreign Firms to Take Majority Stakes in Local Insurers
Nov 10 2017 // China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures,...
Hub to Buy Wells Fargo Crop Insurance Broker Business
Nov 9 2017 // Global insurance broker Hub International Limited (Hub) has agreed to acquire the assets of the crop insurance broker business of Wells Fargo Insurance. Terms of the agreement to buy the business, known as Wells Fargo Crop...
Insurance Entrepreneurs Launch Core Assurance Partners in Virginia
Nov 9 2017 // Core Assurance Partners, a newly formed insurance and risk management firm based in Hampton Roads, Va., is expanding its core competencies across industries and building on specialized expertise in the real estate,...
Hannover Re Sells Entire Stock Portfolio to Pay for Catastrophe Claims
Nov 8 2017 // For Hannover Re, the world’s third-biggest reinsurer, it’s time to take profits in the stock market. The German company said on Wednesday that it sold its entire stock portfolio, worth about 953 million euros...
China Taiping Insurance in Talks to Buy $1.3B Building in Hong Kong: Sources
Nov 8 2017 // A unit of state-owned China Taiping Insurance Group is in advanced talks to acquire a newly built office tower in Hong Kong from Henderson Land Development Co., according to people with knowledge of the matter. China...
Fifth Third Closes Acquisition of Epic Insurance Solutions, Integrity HR
Nov 8 2017 // Cincinnati, Ohio-based Fifth Third Bancorp has closed on the acquisition of Epic Insurance Solutions Agency LLC, and Integrity HR. Don Thompson along with the other principals of Epic Insurance Solutions, Jason Rankin and...
CVS, Aetna Could Close $70B Merger Deal as Soon as December
Nov 6 2017 // U.S. pharmacy operator CVS Health Corp. and health insurer Aetna Inc. are working toward finalizing merger terms and announcing a deal for more than $70 billion as early as December, according to people familiar with the...
ASC to Acquire Forestry Insurance Co. of the Southeast’s Commercial Auto Book
Nov 6 2017 // Accredited Surety and Casualty Company, Inc. (ASC), a subsidiary of Randall & Quilter (R&Q), has entered into an agreement with Forestry Insurance Company of the Southeast to acquire its commercial auto book of...
XPT Group Acquires Wholesaler WSS and West-Pro of Texas
Nov 3 2017 // A new insurance distribution partnership XPT Group reports it has acquired WSS, a Plano, Texas, wholesale broker and managing general agency (MGA) including Western Security Surplus Insurance Brokers Inc. and its managing...
Hub Acquires Assets of California-Based Axella Insurance Services
Nov 3 2017 // Hub International Ltd. has acquired the assets of San Diego, Calif.-based Axella Insurance Services Inc. Terms of the deal were not disclosed. Martin Khalaf, president and CEO of Axella, will join Hub California and report...
