Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Avant Acquires Kansas-Based Supermarket Insurance Group
Feb 23 2017 // Avant LLC has purchased Supermarket Insurance Group (SIG), based in Overland Park, Kansas. SIG is a property/casualty insurance provider to the supermarket niche in the U.S. with a concentration in the Midwest. SIG is led...
Arthur J. Gallagher Acquires Wisconsin’s Kelly Financial
Feb 23 2017 // Arthur J. Gallagher & Co. has acquired Madison, Wisconsin-based Kelly Financial Inc. Terms of the transaction were not disclosed. Founded in 1957 by John M. Kelly and incorporated in 1994 by Scott Kelly, Kelly...
AXA Chief Rules Out Major Acquisitions Such as Generali
Feb 23 2017 // AXA has reached a “critical size” and is ruling out major acquisitions such as Italy’s Generali, the French insurer’s chief executive Thomas Buberl said on Thursday. It is managing risks relating to...
Hub International Acquires Assets of Employer Resource Group in California
Feb 22 2017 // Hub International Ltd. has acquired the assets of Employer Resource Group Financial & Insurance Services Inc. in Torrance, Calif. Terms of the deal were not disclosed. Tim Dickins, ERG founder and CEO, will join Hub...
US-Reports and Canadian Reports Merger Creates Colorado Risk Solutions Firm
Feb 22 2017 // H.W. Kaufman Financial Group has combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm, which is based in Fort Collins, Colo. The merger will continue their global presence and allow a...
Willis Towers Watson Plans to Acquire French Aviation Broker, OAAGC
Feb 22 2017 // Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business. Paris-based OAAGC (Office d’Assurances Aériennes G. de Cugnac) was...
All Risks Acquires American Management Advisors in Pennsylvania
Feb 22 2017 // All Risks Ltd., an independent wholesaler based in Hunt Valley, Md., has announced the acquisition of American Management Advisors Inc. (AMA) located in Pennsylvania. Terms of the transaction were not disclosed. Following...
Houston’s Insgroup Acquires Benefits Firm, The Fawcett Group
Feb 21 2017 // Houston-based Insgroup Inc. (Insgroup) has acquired The Fawcett Group (Fawcett), a firm specializing in employee benefit plan brokerage and consulting to emerging and mid-market businesses, as well as not-for-profits. Jan...
RSA Global Network Expands African Service by Extending Globus Partnership
Feb 21 2017 // Leading international insurer RSA can now service multinational customers in five more African countries after extending an existing partnership with Africa-based insurance network, Globus. Founded in 2007, Globus Network...
Verisk Buys Healix Risk Rating, UK-Based Medical Risk Assessment Firm
Feb 17 2017 // Verisk Analytics has snatched up Healix Risk Rating, a company focused on automated medical risk assessment for the travel insurance ratings.Financial terms were not disclosed, although the deal is designed to expand...
Hub International Acquires Assets Denali Alaskan Insurance
Feb 16 2017 // Hub International Ltd. has acquired the assets of Denali Alaskan Insurance LLC, a wholly owned subsidiary of Denali Federal Credit Union. Terms of the deal were not disclosed. Anchorage, Alaska-based DAI specializes in...
Renaissance Alliance Acquires the Peter M. Bakker Agency of Connecticut
Feb 16 2017 // Renaissance Alliance Insurance Services, an independent insurance agency collaboration based in Wellesley, Mass., has announced its acquisition of the Peter M. Bakker Agency Inc. of Avon, Conn. The acquisition is set to...
Anthem Not Giving Up on Merger with Cigna Even If Cigna Is
Feb 15 2017 // Anthem Inc. on Wednesday won a temporary restraining order that blocks smaller rival Cigna Corp. from officially terminating their proposed $54 billion merger, a transaction already rejected by U.S. antitrust...
Sapiens to Acquire Insurance Tech Firm StoneRiver for $102 Million
Feb 15 2017 // Israel-based insurance software firm Sapiens International Corp. has agreed to acquire privately-held insurance technology firm StoneRiver Inc. for approximately $102 million in cash. Headquartered in Denver,...
Aetna, Humana Officially End Merger Deal; Won’t Appeal Court Ruling
Feb 14 2017 // Health insurers Aetna Inc. and Humana Inc. walked away from their $34 billion merger deal on Tuesday, after a U.S. judge ruled in January the combination would stifle competition in the private Medicare Advantage program...
Health Insurers Weigh Next Moves After Striking Out on Mergers
Feb 10 2017 // After 18 months of courtship and court cases, two massive deals that would have reshaped the U.S. health insurance industry have both been declared dead, blocked by judges who said they’d do unacceptable harm to...
Update: Blackstone to Buy Aon’s Benefits Outsourcing Unit
Feb 9 2017 // Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 billion upfront and up to an...
Federal Judge Halts Anthem-Cigna Merger as Harmful to Competition
Feb 8 2017 // A federal judge on Wednesday ruled against U.S. health insurer Anthem Inc.’s proposed $54 billion merger with smaller rival Cigna Corp., derailing an unprecedented effort to consolidate the country’s health...
Arthur J. Gallagher Acquires Lewis & Associates in California
Feb 8 2017 // Arthur J. Gallagher & Co. has acquired Lewis & Associates Insurance Brokers Inc. in Visalia, Calif. Terms of the deal were not disclosed. James Smallwood, Kevin Veitia and their associates will continue to operate...
Marsh & Mclennan Agency Acquires Texas Benefits Firm
Feb 7 2017 // Marsh & McLennan Agency LLC (MMA) has acquired iaCONSULTING, a Lubbock, Texas-based employee benefits consulting firm. Terms of the transaction were not disclosed. Founded in 1994, iaCONSULTING offers a wide range of...
