Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
USI Acquires North Carolina’s Cameron M. Harris & Co.
Apr 12 2017 // USI Insurance Services has acquired Cameron M. Harris & Company, an insurance brokerage firm in North Carolina. Cameron M. Harris & Company and its employees will remain at the current Charlotte location. Terms of...
Heffernan Acquires National Truck Services Group in Arizona
Apr 11 2017 // Heffernan Insurance Brokers has acquired the assets of Phoenix, Ariz.-based National Truck Services Group. The NTSG leadership personnel, AJ Planeta, sales manager, and Kathy Herter commercial lines manager, will oversee...
China’s Probe of Regulatory Chief Won’t Slow Insurers’ Overseas M&A: Opinion
Apr 11 2017 // Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the...
Risk Strategies Acquires Massachusetts’ Mosse & Mosse
Apr 11 2017 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has added to its employee benefits practice and expertise with the acquisition of Mosse & Mosse Associates LLC’s...
UPC Insurance, American Coastal Complete Merger
Apr 11 2017 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, announced April 3 it has received all necessary regulatory approvals, met all other closing conditions and successfully...
State May Drop Funding for Sobriety Checkpoints in Missouri
Apr 10 2017 // Missouri police could lose state funding for sobriety checkpoints after a debate weighing motorists’ rights to avoid unreasonable searches against the state’s interest in keeping roads safe, as well as the...
NFP Acquires Arkansas’ Thomas Insurance Agency
Apr 10 2017 // National insurance broker and consultant, NFP, has acquired The Thomas Insurance Agency of Benton Inc. in Benton, Ark. Thomas Insurance Agency is a property/casualty insurance broker that provides commercial and personal...
S&P Raises Ratings for Belgian Aviation Insurer Aviabel After AXIS Acquisition
Apr 7 2017 // S&P Global Ratings has raised its long-term counterparty credit and financial strength ratings on Aviabel Cie. Belge d’Assurances Aviation to “A” from “A-“, following the completion of its...
Pennsylvania’s V3 Insurance Partners Hires 2, Promotes 1
Apr 7 2017 // V3 Insurance Partners LLC (V3), a Newtown, Penn.-based specialty program administrator offering insurance programs targeted at middle market companies, has added two senior executives to its professional lines practice –...
Markel Canada Buys Remaining 50% Stake in Allsport
Apr 6 2017 // Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general agent (MGA) specializing in...
Worldwide Facilities, Oklahoma Petroleum Assoc. Partner on Well Control Insurance
Apr 6 2017 // Managing general agency, Worldwide Facilities – Houston, announced a partnership with Oklahoma Independent Petroleum Association (OIPA) for well control insurance through the OIPA’s Partners Program. Worldwide...
Ohio’s TDC Risk Management Partners with Highline Insurance
Apr 6 2017 // TDC Risk Management, a Maumee, Ohio-based independent property and casualty insurance agency and risk management firm announced a partnership with California’s Highline Insurance. Highline Insurance is an independent...
Marsh & McLennan Agency Acquires Minnesota’s RJF Financial Services
Apr 6 2017 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired RJF Financial Services, a retirement advisory firm based in Brooklyn Park, Minnesota. Terms of the transaction were not...
UK’s Alan Boswell Group Buys Sutcliffe Insurance Brokers
Apr 6 2017 // Alan Boswell Group, the Norwich, England-based insurance broker and financial adviser, announced it has acquired Sutcliffe Solloway & Co. Ltd. (trading as Sutcliffe Insurance Brokers), thereby expanding its business...
Expect Another Active M&A Year with Tech Gaining Interest, Says Conning
Apr 6 2017 // Signs point to 2017 being another year of “robust” mergers and acquisitions, thanks in part to a number of ongoing industry trends and a current government climate that show no sign of letting up, Conning said...
Alliant Acquires SES Insurance Brokerage Services in Southern California
Apr 5 2017 // Alliant Insurance Services Inc. has acquired SES Insurance Brokerage Services Inc. in Santa Ana, Calif. SES will join Alliant MGA and program administrator. The executive leadership team of SES will continue to operate the...
Maximum Acquires Starpoint General Agency in Pennsylvania
Apr 5 2017 // Maximum, an independent, Chicago, Ill.-based excess and surplus lines wholesaler, has acquired Philadelphia, Penn.-based transportation specialist Starpoint General Agency. Kevin Long, who manages the Philadelphia office,...
Ascension Acquires Yosemite Pacific’s California Operations
Apr 4 2017 // Walnut Creek, Calif.-based Ascension Insurance Services Inc., dba Pan American Insurance Agency Inc., entered into an agreement on March 31 with Ag Providers Insurance Services LLC, dba Yosemite Pacific Insurance Services...
