Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Pennsylvania Insurance Department Becomes Partner in PA Forward Initiative
May 2 2017 // Pennsylvania Insurance Commissioner Teresa Miller recently joined with leaders of the Pennsylvania Library Association and the York County Library System to announce a partnership to provide consumer information on...
China Ride-Hailing Firm, Didi, to Go Global After Record Funding
May 1 2017 // Chinese ride-hailing giant Didi Chuxing just raised more than $5.5 billion, giving Uber Technologies Inc. Chief Executive Officer Travis Kalanick one more thing to worry about. Didi’s record funding round is said to...
AmWINS Completes Acquisition of Networked Insurance Agents in California
May 1 2017 // AmWINS Group Inc. has acquired Networked Insurance Agents, a California-based insurance aggregator specializing in the standard lines insurance segment. Charlotte, N.C.-based AmWINS Group is an independent wholesale...
M&A Review: Deal Activity Slows, Demand Remains Healthy
May 1 2017 // Deal count for the first quarter of 2017 was down relative to the first quarter of both 2015 and 2016. There were 102 announced transactions in the first quarter of 2017, compared to 124 in the first quarter of 2016 (a...
Appeals Court Blocks Anthem-Cigna Merger Bid
Apr 30 2017 // A U.S. appeals court on Friday blocked health insurer Anthem Inc’s bid to merge with Cigna, upholding a lower court’s decision that the $54 billion deal should not be allowed because it would lead to higher...
Canada’s Desjardins Aims to Buy P/C Insurers: CEO Cormier
Apr 28 2017 // Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy...
MGA Pen Underwriting & Markel Partner to Offer UK Equine Cover
Apr 27 2017 // Pen Underwriting has formed a new strategic partnership with specialist insurer Markel International to further consolidate Pen’s presence in the UK equestrian market and drive the company’s product innovation...
Arthur J. Gallagher Acquires Oklahoma’s Commercial Insurance Brokers
Apr 26 2017 // Arthur J. Gallagher & Co. has acquired Tulsa, Oklahoma-based Commercial Insurance Brokers LLC. Terms of the transaction were not disclosed. Formed in 2012, Commercial Insurance Brokers is a group of insurance producers...
Vertafore Acquires Analytics Firm RiskMatch
Apr 25 2017 // Insurance technology firm Vertafore said it has acquired RiskMatch, a Connecticut-based business intelligence and analytics company that provides portfolio management and placement services to insurance brokers and...
Motorists Mutual, BrickStreet Mutual Finalize Joint Venture
Apr 24 2017 // Ohio-based property/casualty insurer Motorists Mutual Insurance Co. and West Virginia-based workers’ compensation insurer BrickStreet Mutual Insurance Co. Inc., have been granted regulatory approvals to affiliate...
UK’s Aviva Buys Remaining 50% Share in Vietnam Joint Venture
Apr 24 2017 // Aviva plc has acquired VietinBank’s entire 50 percent shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Ltd. Aviva also has signed a new distribution agreement with VietinBank to sell...
Hamilton Re to Buy Canopius’ Excess Casualty Renewal Rights
Apr 24 2017 // Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.’s excess casualty insurance book of business. The...
AIG Study Shows How, Why M&A Insurance Claims Frequency Is Rising
Apr 24 2017 // The frequency of insurance claims surrounding mergers and acquisitions (M&As) is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American...
Houston’s Platform Partners Acquires Voluntary Benefits Firm, Beneplace
Apr 20 2017 // Platform Partners LLC (Platform), a private company headquartered in Houston, has completed the acquisition of Beneplace LLC (Beneplace), markets and distributes voluntary employee benefits and employee discount programs...
Warburg Seeks to Buy Minority Stake in India’s ICICI Lombard from Fairfax
Apr 20 2017 // Warburg Pincus is the frontrunner to acquire a minority stake in Indian insurer ICICI Lombard General Insurance Co. from Prem Watsa’s Fairfax Financial Holdings Ltd., according to people familiar with the...
Munich Re, Beazley Partner to Provide Enhanced Cover for Large Cyber Risks
Apr 20 2017 // Building on their existing collaboration, Beazley and Munich Re’s Corporate Insurance Partner announced the creation of “Vector,” a partnership that aims “to bring innovation and capacity to the...
Specialty Brokers AmWINS and Partners Specialty Group to Merge
Apr 19 2017 // Specialty insurance brokerages AmWINS Group Inc. and Partners Specialty Group LLC have agreed to merge. Partners will become part of the AmWINS Brokerage Division, bringing an expanded geographic presence that complements...
Connecticut’s Business Risk Partners Hires Stein and Rathore
Apr 19 2017 // Specialty underwriter and program administrator Business Risk Partners (BRP), headquartered in Windsor, Conn., has added two new members to its Professional Liability (E&O) and Operations team. Jennifer Stein was named...
China’s Anbang to Abandon Attempt to Buy FGL: Sources
Apr 17 2017 // China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory...
Zurich Buys Australia’s Largest Travel Insurer, Cover-More, for US$551M
Apr 13 2017 // Zurich Insurance Group has successfully acquired Cover-More Group Ltd., a leading travel insurance and assistance solutions provider based in Sydney with a strong market position in Australia, India and the U.S. This...
