Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Texas’ RHP General Agency Acquiring Homeowner Business from Sycamore Insurance
Jul 12 2017 // Conifer Holdings, headquartered in Michigan, has agreed to sell the book of HomeValue business produced through Sycamore Insurance Agency to Texas-based RHP General Agency Inc. As part of this renewal rights transaction,...
Hub International Limited Acquires Assets of New York’s Unilite
Jul 12 2017 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Unilite Insurance Agency Inc. (Unilite). Terms of the acquisition were not disclosed. Based in Lake Success, N.Y., Unilite was...
U.S. Risk Insurance Group Acquires IMS London American
Jul 11 2017 // Property/casualty wholesaler, U.S. Risk Insurance Group LLC, has acquired Texas-based IMS London American Brokerage and Underwriting Services. IMS President Larry Mennes has been named president of U.S. Risk’s...
McGowan Acquires North American Professional Liability Insurance Agency
Jul 11 2017 // The McGowan Companies (McGowan), headquartered in Fairview Park, Ohio, announced it acquired North American Professional Liability Insurance Agency LLC (NAPLIA), effective April 1. NAPLIA will be re-branded under the...
Connecticut’s W.R. Berkley Corporation Sells Real Estate Investment
Jul 10 2017 // W. R. Berkley Corporation has sold its real estate investment at 1101 New York Avenue NW in Washington, D.C. The company expects to report a realized pre-tax gain of approximately $120 million on the sale in the third...
S&P Lowers Ratings of Allied World After Acquisition by Fairfax; Outlook Stable
Jul 10 2017 // S&P Global Ratings lowered its long-term counterparty credit and senior debt ratings on Allied World Assurance Co. Holdings AG to ‘BBB-‘ from ‘BBB+’, following the completion of the...
U.S. Risk Insurance Group, LLC Announces the Acquisition of IMS London American
Jul 10 2017 // Dallas, TX, July 10, 2017— U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property & Casualty wholesaler, announced today that it has acquired IMS London American Brokerage and Underwriting Services...
Insurtech Startup Buys MGA in California with Aim of Delivering Product for Agents
Jul 10 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
The Buckner Co. in Utah Names Braxton Vice President of Acquisitions and Development
Jul 7 2017 // The Buckner Co. has named Keith Braxton, the former President of Buckner of Colorado, vice president of acquisitions and development. Braxton will be responsible for helping the organization grow externally through...
Symantec to Acquire Israeli Cyber Security Startup Fireglass
Jul 7 2017 // Symantec Corp. is acquiring Israeli cyber security startup Fireglass, the company said on Thursday, in a small deal designed to boost its products that protect corporate email and web browsing from threats. Symantec is...
Ironshore International’s M&A and Tax Insurance Unit Opens Frankfurt Office
Jul 7 2017 // Ironshore International’s Mergers & Acquisitions and Tax Insurance unit announced it has opened an office in Frankfurt, Germany, through Ironshore Agency Ltd., to expand its European presence. Ironshore M&A...
Fairfax Financial Completes $4.9 Billion Acquisition of Allied World
Jul 6 2017 // Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co. Holdings, for US$4.9 billion – marking the company’s...
AXIS Capital to Acquire Lloyd’s Specialty Re/Insurer Novae for $604 Million
Jul 6 2017 // AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London. “The US$604 million transaction adds scale and breadth to the international...
Haines Family Acquires Marias Technology from Buckeye Insurance
Jul 5 2017 // The Haines family has acquired Covington, Ohio-based insurance technology services provider, Marias Technology, from Buckeye State Mutual Insurance Co. The acquisition was effective June 30, 2017. Members of the Haines...
The Hanover’s Chaucer Acquires SLE Holdings, Sydney-Based MGA
Jul 5 2017 // The Hanover Insurance Group Inc. announced that Chaucer, the company’s international specialty insurance group, has acquired SLE Holdings, a market-leading Lloyd’s managing general underwriting agency based in...
EXIN Buys 75% Stake in Ethniki Insurance from National Bank of Greece for $819M
Jun 30 2017 // EXIN Financial Services Holding B.V. has purchased a 75 percent stake in insurer Ethniki Hellenic General Insurance S.A. from the National Bank of Greece (NBG) for €718 million (US$819.2 million). Amsterdam-based EXIN...
New AIG CEO Duperreault Wants to Pursue Acquisitions, Slow Buybacks
Jun 30 2017 // American International Group Inc.’s new chief executive Brian Duperreault said on Wednesday the company would likely slow the pace of share buybacks and instead spend on acquisitions. “I’d love to find...
Ironshore M&A Unit Updates Transactional Liability Product for Healthcare Risks
Jun 30 2017 // Ironshore’s Mergers & Acquisitions and Tax unit has updated its transactional liability product to address regulatory risks in the healthcare sector. Ironshore now offers a single limit and single retention...
Partner Re’s CEO of P&C Walker, Chief Risk & Actuarial Officer Pestcoe to Retire
Jun 29 2017 // PartnerRe Ltd. announced that Tad Walker, CEO Property & Casualty, and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company at the end of the first quarter of 2018. PartnerRe is...
NFP Acquires International Insurance Group in Arizona
Jun 28 2017 // NFP Corp. has acquired Flagstaff, Ariz.-based International Insurance Group Inc. Nate Watson, chief operating officer of IIG, will join as managing director of NFP’s property/casualty business and report directly to...
