Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Ironshore Specialty Adds M&A Transition Coverage for Construction Risks
Mar 20 2017 // Ironshore Specialty Casualty has enhanced its transition protection policy form to address contractual exposures related to an organizational merger or acquisition specific to the construction industry. Ironshore’s...
General Star, AmWINS Partner on New Food Delivery Insurance Program
Mar 20 2017 // General Star Management Company has launched a food delivery insurance program through its General Star Programs Unit. AmWINS Program Underwriters will administer the program designed for hired and non-owned auto liability...
Steamin’ Hot Markets: Cyber, Sharing Economy, Active Shooter, Construction, Mergers and More
Mar 20 2017 // Cyber Sharing Economy, Active Shooter, Construction, Mergers and More Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. For 2017, experts predict the U.S....
Innovative Coverage Concepts Partners With Chubb on Restaurant Program
Mar 17 2017 // Innovative Coverage Concepts (ICC) has launched a new program for fine dining and upscale casual establishments. ICC’s carrier partner for the program is Chubb, which according to Dean Carras, president of ICC,...
KKR and Canadian Pension Fund to Acquire Insurance Broker USI in $4.3 Billion Deal
Mar 17 2017 // Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) agreed to buy USI Insurance Services from Onex Corp. in a $4.3 billion deal, including debt. The deal is the latest in a...
KKR and CDPQ Announce Joint Acquisition of New York-Headquartered USI
Mar 17 2017 // KKR, a global investment firm, and Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, have announced their joint acquisition of USI Insurance Services (USI), a U.S. insurance brokerage...
Lighthouse Property President White Acquires Equity Stake in Prepared Holdings
Mar 17 2017 // Current Chairman and President of Lighthouse Property Insurance Corp., Patrick L. White, has acquired an 89 percent ownership stake in Prepared Holdings, LLC and its wholly-owned subsidiaries including Prepared Insurance...
W.R. Berkley, Tokio Marine Lead Weather Analytics $17 Million Series B Funding
Mar 16 2017 // Weather Analytics, a provider of weather and predictive risk software for the insurance industry, reported that global insurers Tokio Marine HCC and W. R. Berkley Corp. together have funded a $17 million Series B financing...
Senators Want U.S. to Weigh Food Safety in Acquisitions by Foreign Firms
Mar 16 2017 // Two U.S. senators from Midwestern states will introduce a bill on Tuesday that would require foreign companies buying U.S. food and agriculture firms to undergo a review aimed at ensuring the deal would not hurt U.S. food...
U.S. Chipmaker Intel to Enter Driverless Car Tech with Acquisition of Mobileye
Mar 13 2017 // Intel Corp. will acquire Mobileye NV for about $15 billion, paying one of the highest takeover premiums this century to play catch-up in the market for technology that helps cars drive themselves. The U.S. chipmaker will...
Canada’s OutsideIQ & SAP Ariba Partner to Assess Risk, Compliance
Mar 13 2017 // OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world’s largest business commerce network, SAP Ariba , to help corporations quickly screen vendors for risk and...
Alliant Acquires Burkhardt Consulting in Idaho
Mar 13 2017 // Alliant Insurance Services Inc. has acquired Coeur d’Alene, Idaho-based Burkhardt Consulting LLC. Burkhardt joins Alliant’s employee benefits group, with the firm continuing to service clients from its Coeur...
Travelers to Buy UK-Based Simply Business for $490M
Mar 13 2017 // The Travelers Cos. Inc. announced it has agreed to acquire Simply Business from Aquiline Capital Partners LLC for approximately $490 million, which includes the repayment of debt and other obligations at closing. Operating...
NJM Partners with American Modern to Offer Enhanced Collector Car Insurance
Mar 13 2017 // NJM Insurance Company has announced an expanded partnership with American Modern Insurance Group for coverage available in New Jersey and Pennsylvania. American Modern offers comprehensive collector car insurance policies....
York Acquires Stock of New York’s Northeast Association Management
Mar 9 2017 // York Risk Services Group (York), a Parsippany, N.J.-based provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, has acquired...
Africa’s Disaster Resilience Is Focus of New African Risk Capacity Partnership
Mar 9 2017 // The African Risk Capacity (ARC) has teamed up with the African Development Bank (AfDB) to help African nations strengthen their resilience to weather-related risks. The ARC and the AfDB will work together to develop their...
USI Insurance Services Acquires Carolina First Associates in North Carolina
Mar 8 2017 // USI Insurance Services (USI) has acquired Carolina First Associates LLC, an employee benefits insurance advisor located in Hickory, N.C. This acquisition extends USI’s presence as a middle market insurance brokerage...
Hub Acquires Assets of Montana-Based Cassco Insurance
Mar 7 2017 // Hub International Ltd. has acquired the assets of Wolf Point, Mont.-based Cassco Insurance Inc. Terms of the deal were not disclosed. Michael Cassidy, Cassco’s president, will join Hub Mountain and report to Rene...
World Insurance Associates Acquires Coverage Administrators in New Jersey
Mar 7 2017 // World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., acquired Coverage Administrators Inc. of New York, N.Y. on February 1, 2017. Coverage Administrators Inc. has been...
Florida’s Avatar Partners Agrees to Acquire Elements Property Insurance Holdings
Mar 7 2017 // Avatar Partners LP, the parent company of Tampa, Fla.-based Avatar Property & Casualty Insurance Company (Avatar), has agreed to acquire Tallahassee, Fla.-based Elements Property Insurance Holdings LLC and its...
