Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Judge’s Denial of Anthem Injunction Effectively Kills Cigna Merger
May 12 2017 // A judge effectively killed off any practical chance of Anthem Inc merging with Cigna Corp on Thursday as he declined to order Cigna not to terminate the deal. Judge Travis Laster of Delaware’s Court of Chancery...
Allianz Global Corporate & Specialty Partners with Insurtech Firm to ID Liability Risks
May 11 2017 // Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based insurtech analytics firm, to better predict key catastrophe liability...
Catalina Buys Hartford Financial Products Int’l, Downlands Liability Management
May 11 2017 // Catalina Holdings (Bermuda) Ltd. announced that its wholly owned subsidiary, Catalina Holdings UK Ltd., has completed its acquisition of Hartford Financial Products International Ltd. and Downlands Liability Management...
AssuredPartners Acquires Preferred Guardian Insurance of Dallas
May 10 2017 // Preferred Guardian Insurance (PGI) of Dallas, Texas, has joined the national broker AssuredPartners Inc. PGI was formed in 2003 during the black mold crisis in Dallas. It offers all lines of coverage with a specialty in...
Cross Insurance Acquires A.E. Barnes Insurance Agency in Massachusetts
May 10 2017 // Cross Insurance, a Bangor, Maine-based subsidiary of Cross Financial Corp., is continuing to grow its presence in Massachusetts with the purchase of the A.E. Barnes Insurance Agency of South Weymouth, Mass. Since its...
London-Based MGA Nexus Offers Cyber Insurance in Partnership with Beazley
May 10 2017 // Nexus Group, the London-based independent specialty managing general agent (MGA), has formed a partnership with Beazley to provide cyber insurance with effect from May 1, 2017. Nexus will underwrite the new line, offering...
Alera Group Acquires Pennsylvania’s Striewig Bonding Agency
May 9 2017 // Alera Group, based in Deerfield, Ill, has acquired Striewig Bonding Agency Inc. of Wormleysburg, Penn., effective May 1, 2017. Terms of the transaction were not disclosed. Since 1952, Striewig Bonding Agency has managed...
Insurance Partners of Texas Acquired by Marsh & McLennan Agency
May 8 2017 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Insurance Partners of Texas, an Abilene, Texas-based employee benefits consulting firm. Terms of the transaction were not...
Massachusetts’ Kaplansky Insurance Acquires Brooklawn Insurance Agency
May 5 2017 // Kaplansky Insurance, a Needham, Mass.-based independent agency, has acquired Brooklawn Insurance Agency in New Bedford, Mass. Founded in 1973, Brooklawn Insurance has built a reputation for providing a range of insurance...
Aon Buys International Benefits Brokerage Portfolio of Mayfair Group
May 5 2017 // Aon plc announced it has completed its acquisition of the international health and benefits brokerage portfolio of Mayfair Group, a solutions provider to Indian multinational companies. Terms of the transaction were not...
Canadian Claims Management Firm, SCM, Acquires Nixon & Co. in Missouri
May 4 2017 // Canada-based SCM Insurance Services has expanded into the United States by acquiring claims adjusting and investigations firm, Nixon & Company Inc., headquartered in St. Louis, Missouri. Founded more than 40 years ago,...
Hub International Limited Acquires Maryland’s Rossmann-Hurt-Hoffman
May 4 2017 // Hub International Limited (Hub), a global insurance brokerage, has acquired Rossmann-Hurt-Hoffman Inc. (RHH). Terms of the acquisition were not disclosed. Based in Ellicott City, Md., RHH is a multi-lines insurance...
Aon Buys Provider of Talent Measurement & Psychometric Assessment
May 4 2017 // Aon plc announced it has acquired Hamburg, Germany-based “cut-e”, a specialist in online talent assessments. Financial terms of the transaction were not disclosed. “At a time when the global workforce is...
Peugeot Partners with nuTonomy to Test Self-Driving Cars in Singapore
May 4 2017 // French carmaker Peugeot is partnering with Boston, Massachusetts-based tech firm nuTonomy to test self-driving cars in Singapore. NuTonomy’s software, sensors and computing platforms will be installed in Peugeot 3008...
Gateway-Acentria of Florida Acquires L&S Insurance of Fort Lauderdale
May 4 2017 // Gateway-Acentria Insurance has merged with L&S Insurance and Financial Services, Inc., based out of Fort Lauderdale, Fla. L&S is a full service independent insurance agency specializing in personal lines coverage,...
XL Catlin Expands M&A Insurance Product Suite, Adds New Staff to Global Team
May 3 2017 // XL Catlin has expanded its suite of mergers & acquisitions (M&A) insurance products aimed at supporting deals in the global transactional risk market, and has further strengthened its global team with three key...
Arthur J. Gallagher Acquires Texas Insurance Managers
May 3 2017 // Arthur J. Gallagher & Co. has acquired Harlingen, Texas-based Texas Insurance Managers Inc. Terms of the transaction were not disclosed. With roots tracing back to 1903, Texas Insurance Managers offers commercial and...
Validus Completes Acquisition of Crop Insurance Agency, CRS
May 3 2017 // Validus Holdings Ltd. has completed its acquisition of Crop Risk Services business (CRS), a primary crop insurance managing general agent, from Archer Daniels Midland Co. In the deal that was announced in January, ADM...
Partners Specialty’s Waite Goes to Burns & Wilcox as Vice President in California
May 3 2017 // Burns & Wilcox Brokerage has named Susanne M. Waite vice president and senior broker in its San Francisco, Calif. office. Waite has more than 30 years of experience in insurance, with 14 years in wholesale. Waite...
The Hartford Open to Acquisitions That ‘Accelerate’ Growth Plans
May 3 2017 // The Hartford Chairman and CEO Christopher Swift said he remains interested in potential acquisitions – even large ones – less than a year after completing a noteworthy acquisition. However, plenty of conditions and...
