Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
NFP Acquires Mattecheck & Associates in Oregon
Feb 7 2017 // NFP Corp. has acquired Portland, Ore.-based Mattecheck & Associates Inc. Terms of the deal were not disclosed. Bill Mattecheck, principal of the firm, will become a senior director of NFP and report to John Hohman,...
Beazley Buys Canadian Specialty MGA, Creechurch Underwriters
Feb 6 2017 // Beazley is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters. The financial terms of the transaction were not disclosed. Since its founding in 1996,...
Insurance Agency M&As Reached Near Record in 2016: OPTIS
Feb 6 2017 // Mergers and acquisitions of insurance agencies last year were the second-highest ever, according to OPTIS Partners’ annual report. The OPTIS database recorded 449 deals in the U.S. and Canada in 2016, a slight dip...
Insurers Look to M&As to Digitalize Distribution
Feb 6 2017 // Almost three-quarters of global insurers believe their sector has failed to show leadership in digital innovation and an increasing number now regard investment and acquisitions in digitalization a priority to improve...
Top Agency/Broker Acquirers of 2016
Feb 6 2017 // The following information from InsuranceJournal.com and other sources reflects only transactions reported publicly. One of the most active recent acquirers of agencies and brokerages is Michigan-based Acrisure. The firm,...
M&A Activity Continues at Industrious Pace: MarshBerry
Feb 6 2017 // Merger & acquisition activity in the insurance distribution space continued at an industrious pace throughout 2016, with 443 closed transactions. This was down from 456 in 2015, but still higher than previous years on...
DeLong Named Managing Director, Gemini Risk Partners
Feb 3 2017 // Wholesale insurance broker Gemini Risk Partners, based in Chicago, has appointed Yosha DeLong as managing director. Prior to joining Gemini Risk Partners, DeLong was most recently the London regional executive for...
EPIC Acquires Benefit Compass in Southern California
Feb 3 2017 // EPIC Insurance Brokers and Consultants has acquired Benefit Compass Insurance Services LLC, a specialist in employee benefits brokerage and consulting services in Irvine, Calif. Benefit Compass provides employee benefit...
Allianz Agrees to Buy Remaining 33.5% Stake in Irish Subsidiary
Feb 3 2017 // Allianz has agreed to acquire the remaining 33.5 percent stake in Allianz Irish Life Holdings plc (AILH) not already owned by Allianz Group. Allianz aims to increase its stake in AILH from 66.5 percent currently to 100...
Allianz Has $3.2B to Spend on M&A, but ‘Disciplined’ Approach Is Needed
Feb 3 2017 // Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a mistake, according to some...
Markel to Acquire Surety Company SureTec for $250 Million
Feb 2 2017 // Markel Corp. has agreed to acquire surety firm SureTec for approximately $250 million, inclusive of a three-year earn out. SureTec is one of the largest privately owned surety companies in the U.S. SureTec’s largest...
Strong Chubb 2016 Results Reflect Benefits of Merger: Greenberg
Feb 2 2017 // Chubb Limited CEO and Chairman Evan G Greenberg said that the company’s 2016 financial results have reflected the benefits of the nearly $30 billion ACE/Chubb merger that created today’s Chubb about one year...
Swiss Re & SAP Partner to Develop Financial Steering & Reporting Solution
Feb 2 2017 // Swiss Re has formed a strategic partnership with SAP SE, the enterprise application software company, to develop a solution to address the increasingly complex demands of global regulators, in the areas of financial...
Eastern Insurance Group Acquires Chase and Lunt in Massachusetts
Feb 2 2017 // Eastern Insurance Group LLC, a wholly owned, Natick, Mass., headquartered subsidiary of Eastern Bank, has acquired the assets of the Chase and Lunt Insurance Agency LLC, a full-service insurance agency located in...
Arthur J. Gallagher & Co. Acquires Eagle Insurance Agency in New York
Feb 1 2017 // Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm headquartered in Itasca, Ill., has announced the acquisition of Eagle Insurance Agency LLC (Eagle) in Syracuse, N.Y....
Arthur J. Gallagher Acquires The Presidio Group in Utah
Jan 31 2017 // Arthur J. Gallagher & Co. has acquired The Presidio Group Inc. in Salt Lake City, Utah. Terms of the deal were not disclosed. The Presido management and associates will continue to operate from their current location...
JLT Acquires Majority Stake in Construction Risk Partners
Jan 30 2017 // Jardine Lloyd Thompson Group plc (JLT), a provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services, has acquired a majority stake in Construction Risk Partners LLC (CRP), a...
RSGUM Acquires Interstate Insurance Management in Pennsylvania
Jan 30 2017 // RSG Underwriting Managers (RSGUM) has agreed to acquire the total assets and operations of Interstate Insurance Management Inc. (Interstate). Interstate was represented in the transaction by Marsh, Berry & Company Inc....
Allianz Weighs Acquisition of Australia’s QBE: Sources
Jan 30 2017 // Germany’s Allianz has made an informal takeover approach to QBE Insurance, Australia’s biggest insurer, but has not named a price, sources told Reuters on Monday. Shares in QBE closed flat after rising by up to...
Houston Seeks to Expedite Funding for Flood-Control Measures
Jan 26 2017 // Officials intend to introduce an innovative plan to speed up funding for flood-control measures along Houston bayous. The Houston Chronicle reports the city council is considering a payment plan that would have the state...
